RBI Guidelines for Digital Lending: What Borrowers Must Know
Understand RBI digital lending rules — KYC, disclosures, and your rights before borrowing online on Bharosa.
What RBI expects from digital lenders
The Reserve Bank of India requires transparent pricing, explicit borrower consent, and disbursement only to the borrower's own bank account. Platforms must not auto-debit without clear mandate authorisation and must provide loan agreements before funds are released.
Your rights as a borrower
You have the right to see the annualised interest rate, processing fees, and EMI schedule before accepting a loan. Cooling-off periods, grievance redressal, and data privacy protections apply to RBI-regulated lending models — including P2P marketplaces.
How Bharosa complies
Bharosa performs full digital KYC, e-signed loan agreements, Razorpay-secured collections, and audit trails for admin actions. Borrowers receive clear fee breakdowns in the app before e-signing — no hidden deductions at disbursement.
