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
