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Abhishek   29 July 2015

Loan guarantee

Hi,

We are a startup company which is tieing up with NBFC.

Our Business - We will provide credible leads to NBFC for Personal Loan

We are giving 20% gurantee on loan level for every lead, to show our leads are credible (some what similar as Uber and Ola, they give 10% gurantee on car loan taken by their drivers, although that is on portfolio level not on loan level)

My question

Is it legal according to RBI to give 20% gurantee? (We are not NBFC)

It will be very greatful if someone can help us out in this.

Thanks



Learning

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