India’s financial sector is growing fast, and Non-Banking Financial Companies (NBFCs) play a very big role in this growth. NBFCs offer loans, credit, investment options, and many other financial services to people who do not always use banks. Because NBFCs handle money and public trust, they must follow strict rules.
If you want to start an NBFC, the first and most important step is getting an NBFC License from the Reserve Bank of India (RBI).
This guide explains how to get an NBFC license in India, the steps, documents, rules, and how Adviso can help you complete the process smoothly.
An NBFC is a company registered under the Companies Act, 2013 that provides financial services but does not have a full banking license.
NBFCs can provide:
Personal loans
Business loans
Vehicle loans
Microfinance
Investment and financial advisory
Leasing and hire purchase
Insurance-related services
Before applying for a license, you must select the right category. The major types are:
NBFC-Investment and Credit Company (NBFC-ICC)
NBFC-Microfinance Company
NBFC-Factor
NBFC-IFC (Infrastructure Finance Company)
NBFC-HFC (Housing Finance Company)
Most new companies apply for NBFC-ICC, the most common category.
To apply for an NBFC License, you must meet some basic conditions:
You must have at least ₹10 crore NOF.
This amount should be shown in the company’s bank account.
You need to first register a company as Private Limited or Public Limited under the Companies Act.
The directors and shareholders must have a clean financial and criminal record.
RBI checks if your business plan is strong, practical, and safe for customers.
To get the NBFC License, you must submit:
Certificate of Incorporation
MOA & AOA of the company
PAN, Aadhaar, KYC of directors
Net worth certificates
Bank statement showing NOF of ₹10 crore
Board resolution for starting NBFC
Detailed business plan
Company structure and management details
Past financial statements (if any)
Auditor’s report
Start by forming a new company under the Companies Act with the correct business objectives.
Deposit the required net owned fund amount in the company bank account.
Collect all legal, financial, and KYC documents.
Submit the NBFC License application online with all details.
After online submission, send the hard copies of documents to the nearest RBI office.
RBI checks your company background, financial strength, business plan, and promoter details.
This is the most important step.
If everything is found correct, RBI issues the NBFC Registration Certificate.
It gives legal approval to offer financial services
Builds customer trust
Helps raise funds
Allows smooth business operations
Helps you follow RBI rules and avoid penalties
Adviso helps new and existing companies get their NBFC License without stress. Our team understands RBI rules deeply and guides you at every step.
We help with:
Choosing the right NBFC category
Forming the company
Preparing the business plan
Managing NOF requirements
Preparing and checking all documents
Filing the online application on RBI portal
Responding to RBI queries
Ensuring full compliance until approval
With Adviso, the entire process becomes faster, simpler, and more secure.
Getting an NBFC License in India needs time, careful planning, strong documents, and complete knowledge of RBI norms. But with the right guidance, the process becomes smooth.
If you want to start your NBFC successfully, Adviso is here to support you with complete consulting, documentation, and compliance services.
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