NBFC (Non-Banking Financial Company) is registered under the Company Act 1956 in India engaged in the principal business of advances and loans, acquisition of shares/ debentures/ bonds/ stocks/ securities that are issued by the Government or local authority like hire-purchase, nature, insurance business, leasing, chit business but does not involved in any institution or organization whose main business is of industrial, agriculture, purchase or sale activities of any products, goods or providing any construction services of immovable property.
NBFC is a company and has a principal business of receive deposits under the scheme in one lump sum or installments by way of contributions or in any other manner.
As far as concern for Indian financial authority the NBFC (Non-Banking Financial Companies) by virtue of power protected in Chapter 3rd B of RBI (Reserve Bank of India) Act 1934.
Role of NBFC Software for Non-Banking Finance Companies :-
MLM Software India is one of the leading software company in India which providing fully customizable software for Non-Banking Finance Companies. Our one of the core team is fully dedicated and experienced in developing the NBFC software to start such a company or institutions. The team is capable to develop customize NBFC Software as per your requirement. The web-based NBFC Software is capable to take payment online so you can spread your NBFC business across the world.
Give new heights to your Non-Banking Finance Company with the help of our NBFC Software.
Core features of User-Friendly NBFC software :-
Easy NBFC management system
Penalty/ late fee calculation
Loan management system
Easy Installment deposit and many more
Important Reports for NBFC Software
—Upcoming Due Installment
—Agent Commission Statement