Regulatory Information & Data Protection
We partner exclusively with RBI-regulated lending institutions and operate in compliance with the DPDP Act, 2023.
Regulatory Information & Partner Compliance
Our Role as a Digital Lending Aggregator
Nirav Enterprises, operating as NeerCred is a digital lending aggregator. We are a technology platform that discovers and matches borrowers with Regulated Entities (REs) — banks and NBFCs — who evaluate and disburse the loan. We do NOT lend money directly and do not hold an RBI registration or approval ourselves.
Our Partners: Direct Lenders & Lending Platforms
We partner both directly with banks and NBFCs, and with lending platforms that themselves work with multiple banks and NBFCs to find the best-fit lender for a customer. Either way, the entity that evaluates and disburses your loan is always an RBI-regulated bank or NBFC - a lending platform partner never lends on its own account, it only helps match you to one.
How Our Partner Lenders Operate
• All loan disbursals happen directly from the partner lender to the borrower's bank account — Nirav Enterprises never holds customer funds. • We display the name of the lending partner before loan execution. • Key Fact Statements (KFS) are provided by the partner lender before loan agreement. • Cooling-off period and grievance redressal are handled per the partner lender's own RBI-regulated norms. • No automatic increase in credit limit without explicit customer consent.
Fair Practices Code
We follow fair matching practices: transparent pricing, no hidden charges, clear disclosure of all fees, and no involvement in loan recovery (recovery is handled solely by the partner lender under their own RBI-regulated obligations).
Our Partners' Regulatory Framework
We only partner with lending institutions regulated by the Reserve Bank of India (directly, or via a lending platform partner that itself works with RBI-regulated banks/NBFCs), and expect each to comply with the RBI Master Direction on Digital Lending (2022) and all applicable RBI circulars in their own lending activity.
Questions about your data or compliance?
Contact our Data Protection Officer: dpo@neerloansolutions.com
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