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Who this offering serves

An NBFC with its actual regulatory category, lending powers, funding arrangements and accountable credit/operations owners recorded. NBFC lending is an offering of Banking, not a renamed savings-account product.

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Required module bundle

B01–B07 for institution, access, products, customers and books; B11 for contracted disbursement/repayment coordination; B12–B16 for LOS, underwriting, LMS, collateral and collections; B24/B26–B32 for reconciliation, conduct, servicing, documents, reports, interfaces, business-day operations and resilience. Deposit products, PPI issuance, credit-card issuance, ATM acquiring and treasury dealing stay disabled unless separately selected and authorised. Deposit-taking NBFC and credit-card issuer are distinct configurations.

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Full representative journey

Register borrower/consent → capture verified income and evidence → bureau/credit assessment → independent sanction → accept KFS/agreement → complete mandate/security prerequisites → disburse to permitted destination → confirm loan account/schedule → collect/allocate repayments → reconcile → provide statement → close/release security or manage arrears under approved policy.

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Numerical illustration

DEMONBFC loan LN-001 has principal INR 120,000.00. A fictional approved allocation for a received INR 10,000.00 repayment assigns INR 1,000.00 to interest and INR 9,000.00 to principal; remaining principal is INR 111,000.00. This illustrates allocation traceability only; it does not prescribe an interest rate, EMI, tax, penalty or allocation waterfall. A returned repayment requires linked allocation reversal and corrected balances, not deletion of the receipt.

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Variants to review

Unsecured personal; secured vehicle/property/gold/security; SME term/working capital; microfinance; co-lending; housing-finance entity variants. Each variant needs its own evidence, economics, conduct and reporting packet. Co-lending ownership/shares/funds flow must be explicit; no blending is inferred.

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Required owner inputs

Choose borrower/product segments, underwriting/sanction authority, posting ownership, bank payment partners, loan economics, impairment/provisioning/reporting policy, collection permissions, evidence and notices. RBI digital-lending source informs policy review; this specification does not certify compliance. Worked NBFC configuration. Use B34 for financial approval/limit enforcement and B35 for verified borrower digital access. Cheque services remain a separately selected contract boundary.