finpeel Answers · India · updated 2026-08-14
The Reserve Bank of India regulates peer-to-peer lending platforms through the NBFC-P2P framework. An operator of a regulated P2P lending platform must fit the RBI registration and operating requirements.
The P2P platform is an intermediary rather than a balance-sheet lender, and RBI rules restrict how it can handle funds and credit risk.
Do not confuse NBFC-P2P with a normal NBFC lending business; they are different regulatory models.
Regulator: Reserve Bank of India (RBI)
Primary sources: RBI — NBFC Peer to Peer Lending Platform Directions
Directional — not legal advice. Verify with the regulator before committing.
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