{"id":2932,"date":"2018-10-29T09:22:36","date_gmt":"2018-10-29T03:52:36","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=2932"},"modified":"2020-12-03T15:41:44","modified_gmt":"2020-12-03T10:11:44","slug":"apply-for-nbfc-license","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/apply-for-nbfc-license\/","title":{"rendered":"How to Apply for NBFC License?"},"content":{"rendered":"\n

Obtain the NBFC license, if you intend to enter into Indian Financial Market. NBFCs has nowadays people’s preferred choice over traditional banks as NBFCs has quick loan sanctioning process. NBFCs are preferred because it ascertains the loan eligibility of an applicant faster when compared to the banks. The entire process is online. You must have Net Owned Fund of Rs. 2 Crore to  apply for NBFC Registration<\/a><\/strong><\/p>\n\n\n\n

Get NBFC License in 90 Days – Apply Now<\/a><\/div>\n\n\n\n

NBFC is a Non-Banking Finance Company engaged in the business of loans and advances, hire-purchase insurance, acquisition of shares, bonds, stocks or chit fund business but doesn\u2019t include institutions with principal business including agriculture, purchase or construction of immovable property, industrial activity of the sale.<\/p>\n\n\n\n

Mainly, the operations of NBFCs are regulated by the Reserve Bank of India (RBI) within the framework of the Reserve Bank of India Act, 1934 (Chapter III-B) and the directors issued by it.<\/div>\n\n\n\n

This blog will comprise four major topics linked with NBFC as follows:<\/p>\n\n\n\n

  1. Comparison between NBFC and Banks<\/li>
  2. Types of NBFCs registered with RBI<\/li>
  3. Documents required for NBFC<\/li><\/ol>\n\n\n\n
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    Table of Contents<\/p>\n