Practice Areas · Advisory & Growth · RBI & Finance · RBI registrations · P2P Lending
Peer-to-Peer (P2P) Lending Licence
RBI registration as an NBFC-P2P to run an online peer-to-peer lending platform.
What an NBFC-P2P is
A peer-to-peer lending platform connects individual lenders with borrowers online. It must register with the Reserve Bank of India as an NBFC-P2P under the RBI's Master Directions of 2017.
An NBFC-P2P operates only as an intermediary: it cannot lend on its own books, cannot take deposits, and cannot guarantee returns. It must hold a minimum Net Owned Funds of ₹2 crore and observe the prescribed exposure caps.
What registration requires
Entity & capital
- A company incorporated under the Companies Act
- Minimum Net Owned Funds of ₹2 crore
- Directors and promoters meeting the RBI's fit-and-proper criteria
Operating model
- Acts only as an intermediary — cannot lend on its own book or guarantee returns
- Must observe the prescribed lender and borrower exposure caps
Documents you'll need
- Certificate of incorporation, MOA, and AOA
- Proof of Net Owned Funds of ₹2 crore
- Directors' KYC and fit-and-proper declarations
- Platform and technology details, and a business plan
How registration works
- 01
Incorporate and capitalise
Incorporate the company and build the ₹2 crore Net Owned Funds.
- 02
Apply to the RBI
File the NBFC-P2P application with the documents and business plan.
- 03
In-principle approval
On in-principle approval, set up the platform and technology infrastructure.
- 04
Certificate of Registration
The RBI grants the final Certificate of Registration to operate the platform.
Why work with PBT
PBT advises on the model and manages the NBFC-P2P registration.
- We confirm eligibility and structure the company
- We arrange the Net Owned Funds and the business plan
- We manage the RBI application through in-principle and final approval
- We advise on the operating-model and exposure-cap compliance
- Scope and fees agreed in writing up front
Frequently asked questions
What is an NBFC-P2P?
A company registered with the RBI to run an online peer-to-peer lending platform, acting only as an intermediary between lenders and borrowers.
Can the platform lend its own money?
No. An NBFC-P2P cannot lend on its own books, take deposits, or guarantee returns.
What Net Owned Funds are required?
A minimum of ₹2 crore.
How long does it take?
RBI processing, through in-principle and final approval, typically takes several months.
Register your P2P lending platform
Tell us about your platform, and we'll advise on the model and manage the RBI NBFC-P2P registration.
Send an enquiryThis page describes the nature of the firm's services and is not a solicitation or legal advice. Thresholds, timelines, and applicable registrations depend on your specific facts; engagement terms and fees are agreed in writing per assignment.