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Digital Onboarding
- Aadhaar and PAN KYC with video capture
- Document vault with full audit trail
- Borrower app, or connect your own DLA
For RBI-Registered NBFCs in India
Launch Your First Digital Lending Product. Free for 6 Months.
A free LMS for NBFCs in India. Loan management for 30/60/90-day revolving credit, ready when you are. We source borrower files. FLDG-protected. Live in weeks, not months.
What is a free LMS for NBFCs in India?
A free LMS for an NBFC in India is a cloud-hosted Loan Management System with no licence or setup cost. An RBI-registered NBFC can originate, underwrite, disburse, service and report on loans from one place. Bharat LMS provides exactly that, free for the first six months, already configured for 30/60/90-day revolving working capital lines.
You get digital borrower onboarding, 16 automated KYC and credit API checks, a composite 0-100 credit score, maker-checker disbursement control, accounting exports and live NPA reporting. Borrower files are sourced and pre-scored for the NBFC, and carry 5% first loss default guarantee cover. Final approval on every file rests with the NBFC.
Note on terminology: in lending, LMS means Loan Management System, not a learning management system.
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API data sources
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Auto credit score
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FLDG protection
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Free, no licence fee
The Offer
Everything You Need. Nothing You Pay For.
Four things every partner NBFC gets from day one. No licence fee, no setup cost, no lock-in.
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Bharat LMS
Six months free. Zero licence and zero setup cost for your NBFC.
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Files Sourced
You fund. We originate. Verified, pre-scored borrower files land ready to underwrite.
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Your Own App
Plug in your digital lending app at no integration fee, or use ours.
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5% FLDG + Commission
First loss cover on sourced files, plus up to 2% per month in commission under the partnership agreement.
The Product
30/60/90-Day Revolving Credit, Ready to Fund.
A 30/60/90-day revolving line of credit, already configured. Underwriting logic, repayment engine and compliance workflows have run in live Indian lending portfolios. You bring the capital.
- Underwriting logic ready on surrogate and bureau tracks
- Live NPA classification and DPD ageing buckets
- Automated repayment scheduling and escrow waterfall
- RBI Digital Lending consent framework included
Active Portfolio₹ 4.82 Cr
Composite Score, File #118482 / 100
NPA (90+ DPD)0.41%
DISBURSEMENTS, LAST 8 WEEKS
Future Cashflow Report
Features
Built For Indian Lending Operations.
Seven modules that cover the lending stack Indian NBFCs run every day.
PAN
GST
Bank Stmt
CIBIL
Score 0-100
02
Automated Credit Checks
- 16 KYC and credit APIs: PAN, GST, bank statement, CIBIL
- Composite 0-100 score plus decision logic
- Cross-checks across bureau and bank data before the score lands
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Workflow & Controls
- Maker-checker on every disbursement
- Role-based access and sanction limits
- Deviation logging with approver trail
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Loan Management
- 30/60/90-day revolving lines
- Drawdown, part-payment and foreclosure
- Interest accrual and penal charge engine
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Notifications
- SMS, WhatsApp and email fire on schedule
- Repayment reminders and NOC delivery
- Branded transactional templates
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Accounting
- Daily journal export to Tally or your ERP
- Income recognition and DPD provisioning
- Escrow and settlement reconciliation
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Live Reporting
- Portfolio, NPA, yield and collection efficiency when you need them
- Bureau reporting files generated to specification
- Board MIS exports in one click
How It Works
Live in ONE WEEK.
That is the usual go-live window for an RBI-registered NBFC on this stack.
- 1
Sign Up
Onboard your NBFC and connect your digital lending app.
- 2
We Source
Verified borrower files arrive already pre-scored.
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You Disburse
Approve under dual control. The final call stays yours.
- 4
Service & Report
Repayments, NPA classification, accounting exports and portfolio MIS run on schedule, with 5% FLDG cover on sourced files.
Comparison
Bharat LMS vs Building In-House.
What an Indian NBFC usually faces when standing up a digital lending stack from scratch.
| Factor | Bharat LMS | In-house build | Licensed LMS vendor |
|---|---|---|---|
| Upfront cost | Nil | Engineering team + infra | Licence + implementation fee |
| Time to first disbursement | 1 week | 6-12 months | 3-6 months |
| Credit bureau & KYC APIs | 16, pre-integrated | Integrate each yourself | Usually charged per call |
| Borrower sourcing | Included, pre-scored | Build your own channel | Not provided |
| Credit loss cushion | 5% FLDG on sourced files | None | None |
| RBI digital lending compliance | Consent framework included | Your legal and tech burden | Varies by vendor |
| Lock-in | None; full data export | N/A | Typically multi-year |
Why This Is Safe
Your Licence. Your Rules.
Final approval always stays with you
5% FLDG on every sourced file
Full RBI-grade audit trail
Your statutory books stay untouched
FAQ
Questions NBFC Partners Ask.
Is the LMS really free for NBFCs in India?
Yes. RBI-registered NBFCs get the full loan management system free for six months. No licence fee, no setup fee, no per-file charge. You bear only your own cost of capital.
What happens after the six free months?
You move to a standard subscription, or you leave. Your complete data set exports in full either way. No lock-in period. No exit fee.
Who bears the credit risk?
You do, as the lender of record. A 5% first loss default guarantee cushions that exposure on every file we source. Every approval decision remains yours.
What exactly does the 5% FLDG cover?
A first loss default guarantee equal to 5% of the sourced portfolio. It is structured within the Reserve Bank of India's default loss guarantee guidelines for digital lending and documented in the partnership agreement. It applies only to files sourced by Seven Fincorp.
Can I use my own sourcing and my own DLA?
Yes. The LMS does not lock you into one sourcing channel. Run your own channels, plug in your own digital lending app at no integration fee, or run both alongside our sourced files.
What is needed to go live?
A valid NBFC certificate of registration, your credit policy parameters, and a signed partnership agreement. Typical go-live is one week.
Does LMS here mean learning management system?
No. In lending, LMS means Loan Management System: the software an NBFC uses to originate, disburse, service and report on loans. It is unrelated to the learning management systems used in education and corporate training.
Is the platform compliant with RBI digital lending rules?
The system implements the RBI Digital Lending Guidelines consent framework, keeps a full borrower-facing audit trail, routes all disbursements and repayments directly between borrower and NBFC, and discloses Seven Fincorp's role as a Lending Service Provider. Regulatory responsibility remains with the NBFC.
6 Months Free. No Licence Fee.
Capital Deployed Safely.
Book a 30-minute walkthrough. The form takes about 90 seconds.