Procedure to start NBFC Company
                     PROCEDURE TO START 
NBFC COMPANY
◦ WEBSOFTEX  SOFTWARE  SOLUTION  
PVT LTD
Contact no:9765988588 / 9886461360
ABOUT
NBFC stands for Non Banking financial company, registered 
under companies act.
It additionally provides capital loans and credit facilities.
 However it doesn’t allow any institution whose business 
rule is about agriculture activity, industrial activity, purchase or 
sale of any goods or providing any sales/purchase/construction 
and service of permanent property.
Contact no:9765988588 / 9886461360
ABOUT
NBFC are the financial institutions that provides the 
banking service, but not meet the term with legal definition of a 
bank means it does not hold a bank license.
In India, getting loan is no more difficult if you meet the 
eligibility criteria but the main concern among many is to 
decide whether to choose bank or NBFC for loans .According to 
Contact no:9765988588 / 9886461360
research it is proved that NBFC are best performing banks.
ABOUT
It is almost similar to bank expect with some other differences.
1.Demand deposit cannot be accepted.
2. It cannot issue cheque by itself.
Contact no:9765988588 / 9886461360
ABOUT
NBFC is classified under 3 types:
•Asset Finance Company (AFC)
•Investment Company (IC)
•Loan Company (LC)
Contact no:9765988588 / 9886461360
Steps to Start NBFC Company
•The company should start a new company under a companies act.
(private limited or public limited).
•When starting a NBFC Company, an applicant company has to fill an 
online application with the RBIs website.
•Once it is submitted, applicant will get a reference number to assist 
inquiry in the future.
Contact no:9765988588 / 9886461360
Steps To Follow to Start Company
•After that company requires to submit the duplicate hard copies to 
the regional office of RBI.
•Next regional office will cross check the accuracy of all submitted 
documents.
•After getting satisfied, the regional office will send the application for 
NBFC registration to the central office.
The main business of forming NBFC company i.e..for giving Advances and 
Loans, Investing in Shares and other marketable securities.
Contact no:9765988588 / 9886461360
Advantage Of NBFC
•It provides loans and credit facilities to Public.
•For trading money market instruments
•Funding in private education & business.
•Discounting services e.g. discounting of 
instruments.
•Approved stock and shares, TFCs and other 
agreement.
Contact no:9765988588 / 9886461360
WEBSOFTEX NBFC SOFTWARE
To record transaction related to collection of repayment 
& handle all loan related actions for non banking 
financial companies, NBFC SOFTWARE is used.
Contact no:9765988588 / 9886461360
CONTACT
Address: Contact Person:
Websoftex Software Solutions Pvt. Ltd.
#240/A, 3rd Cross, Gokula 1st Stage, Santhosh Kumar
1st Phase Mathikere, Bangalore - 560 054,
Karnataka, India.
Mobile No: Email:
9765988588 / 9886461360 [email protected]
Website:
https://websoftex.com/development/nbfc-software.php