Key Takeaways
- Lending platforms cover origination, underwriting, disbursal, servicing and collections.
- RBI's digital lending directions require transparency measures such as a Key Fact Statement.
- Lending must be done by or with regulated entities.
- Consult regulatory experts for your model.
NBFCs, banks and their lending service providers use software to process loans quickly and compliantly.
Core modules
| Module | Functions |
|---|---|
| Loan origination (LOS) | Application, KYC, documents |
| Underwriting | Bureau checks, bank statements, scoring |
| Disbursal | eSign, eNACH/UPI AutoPay, direct disbursal |
| Loan management (LMS) | EMI schedules, interest, statements |
| Collections | Reminders, field collection, recovery |
| Reporting | Regulatory and portfolio reports |
Compliance highlights
- Key Fact Statement and all-inclusive cost disclosure
- Disbursals and repayments between borrower and regulated entity accounts
- Grievance redressal
- Data collection with explicit consent
- Fair collection practices
See Account Aggregator integration.
Disclaimer: General information only; follow current RBI regulations.
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Frequently Asked Questions
What is loan management software?
Software that manages loans after disbursal: schedules, interest, repayments, statements and collections.
What are RBI digital lending guidelines?
RBI regulations governing digital lending, covering disclosures, fund flows, data and grievance redressal.
Can a startup lend money via an app?
Lending requires being a regulated entity or partnering with one under applicable rules.
What is a Key Fact Statement?
A standardised disclosure of loan terms and costs provided to borrowers.
