The financial sector in India has seen remarkable growth in recent years. One of the key players behind this growth is Non-Banking Financial Companies (NBFCs). These companies offer services like loans, investments, insurance, and wealth management. Since NBFCs bridge the gap between banks and borrowers, they play an important role in improving financial inclusion.

However, to run an NBFC legally, you need proper approval from the Reserve Bank of India (RBI). Many entrepreneurs and financial service providers often wonder how to get NBFC registration online with ease. This blog will guide you through the process, eligibility, documents, and how Corpbiz can make the journey simple.

What is NBFC Registration?

NBFC Registration is the process of obtaining an RBI NBFC License Registration that allows a company to carry out financial business in India. Without this license, you cannot provide lending, investment, or other financial services legally.

Why is NBFC Registration Important?

Getting an NBFC license is not just a formality—it ensures credibility, compliance, and customer trust. Here’s why it matters:

• Legal Compliance: RBI approval is mandatory under the RBI Act, 1934.
  
  

• Customer Trust: A licensed NBFC builds confidence among investors and borrowers.
  
  

• Business Opportunities: Once licensed, you can expand into services like P2P lending, account aggregation, or PPI license services.
  
  

• Funding Access: Investors and banks prefer working with RBI-approved entities.
  
  

Eligibility for NBFC Registration

Before applying, you must ensure that your company meets the following eligibility requirements:

• The company must be registered under the Companies Act, 2013.
  
  

• Minimum Net Owned Fund (NOF) of ₹2 crores is required.
  
  

• The company should have a clean credit history and sound business plan.
  
  

• At least one director must have relevant financial sector experience.
  
  

Step-by-Step Process for NBFC Registration Online

Getting an RBI NBFC License Registration involves several steps. Here’s how you can do it:

1. Form a Company

First, incorporate a company under the Companies Act, 2013 with the right objective of providing financial services.

2. Meet Net Owned Fund Requirement

Ensure the company has a minimum net owned fund of ₹2 crores as mandated by the RBI.

3. Prepare Documentation

Collect all the necessary documents, such as:

• Certificate of Incorporation
  
  

• Memorandum & Articles of Association
  
  

• Board Resolution for NBFC activities
  
  

• Financial statements
  
  

• Directors’ and shareholders’ details
  
  

4. Online Application Submission

Visit the RBI’s official portal and submit an online application through the COSMOS portal. Here, you need to provide company details, financial data, and upload scanned documents.

5. Submit Hard Copies to RBI

After completing the online process, send physical documents to the concerned Regional Office of RBI.

6. RBI Scrutiny and Approval

RBI reviews the application, verifies the documents, and may request additional clarifications. If everything is in order, RBI issues the Certificate of Registration (CoR), granting you NBFC status.

Additional Licenses You Can Apply for

After registering your NBFC, you can expand your services by applying for specialized licenses:

Apply for RBI Account Aggregator License: To allow customers to securely share their financial data across institutions.

Apply for P2P Lending License: To operate a peer-to-peer lending platform that connects borrowers and lenders directly.

Apply for PPI License Online: To provide prepaid payment instruments like digital wallets and prepaid cards.

These additional licenses diversify your NBFC services and make your business more competitive.

How Corpbiz Makes NBFC Registration Easy

The NBFC registration process can be overwhelming due to strict compliance and documentation. This is where Corpbiz comes in.

• Expert Guidance: Our professionals guide you through every step of the application.
  
  

• Documentation Support: We prepare and verify all legal and financial documents.
  
  

• Hassle-free Process: With our experience, we ensure quick and smooth approvals.
  
  

• Post-License Support: We also help you in applying for additional licenses like P2P Lending License, Account Aggregator License, or PPI License Online.
  
  

With Corpbiz, you can focus on growing your business while we handle the complexities of compliance.

FAQs on NBFC Registration

Q1. How long does it take to get NBFC registration?
It usually takes 3 to 6 months, depending on documentation and the RBI’s review process.

Q2. What is the minimum capital required for NBFC registration?
A minimum Net Owned Fund of ₹2 crores is required.

Q3. Can a startup apply for NBFC registration?
Yes, but the company must be incorporated and meet the RBI requirements.

Q4. Is NBFC registration done completely online?
The application is filed online, but physical documents must be submitted to the RBI office.

Q5. Can I apply for other licenses with NBFC registration?
Yes, you can also apply RBI account aggregator license, apply P2P lending license, and apply PPI license online after obtaining your NBFC registration.

Conclusion

NBFC registration may seem complex, but with the right guidance and expert support, it can be completed with ease. It is an essential step for any financial services provider looking to operate legally in India. Whether you want to build a lending business, a fintech platform, or offer digital wallet services, NBFC registration opens the door to endless opportunities.

If you want to avoid the hassle and get quick approvals, Corpbiz is your trusted partner in the journey of NBFC registration and beyond.

Author Profile

Atul Shukla is a financial compliance expert with years of experience in helping businesses with NBFC registration, RBI licensing, and regulatory approvals. At Corpbiz, he guides entrepreneurs and startups to set up their financial ventures successfully.