NBFC Software Lucknow — RBI Compliance and Loan Management for UP NBFCs 2026

NBFC Software Lucknow — RBI Compliance and Loan Management for UP NBFCs 2026

Lucknow is UP's NBFC capital — the city's concentration of small and mid-size NBFCs, microfinance institutions, and gold loan companies reflects UP's position as India's most populous state with large underbanked segments. Lucknow-based NBFCs serve borrowers across UP's districts — from Agra's shoe industry MSMEs to rural Purvanchal's microfinance borrowers. RBI's Digital Lending Directions 2025, NBFC-MFI regulations, and UP's own Money Lenders Act create a multi-layered compliance requirement. MICS provides NBFC software built for this environment.

UP NBFC Compliance Context

RBI Digital Lending Directions 2025

• KFS (Key Fact Statement): mandatory pre-sanction disclosure to borrower
• Annual Percentage Rate (APR): must be disclosed upfront — all-in cost calculation
• LSP (Lending Service Provider) agreements: MICS software tracks LSP agreements and commission disclosures
• V-CIP (Video Customer Identification Process): video-based KYC for digital lending
• Loan account statement: free statement to borrower on demand

UP Money Lenders Act

NBFCs lending in UP must also comply with the UP Money Lenders Act — separate state registration, interest rate caps, and record-keeping requirements. MICS software maintains dual compliance — RBI directions AND state money lenders act requirements.

CIMS Reporting (RBI)

Monthly/quarterly supervisory reporting to RBI through CIMS (Centralised Information Management System):

• Balance sheet data: asset quality, provisioning, capital adequacy
• Operational data: branch count, customer count, loan portfolio
• MICS HRMS automates CIMS data extraction from loan portfolio

MICS NBFC Software for Lucknow

Loan Origination

• Online application: web and mobile loan application with Aadhaar e-KYC
• Credit assessment: CIBIL pull, income verification, digital income assessment
• KFS generation: mandatory pre-sanction disclosure with APR calculation
• Sanction letter: digital delivery with borrower acknowledgement

Loan Management

• EMI schedule: reducing balance, flat rate, bullet — all structures supported
• Automated reminders: WhatsApp, SMS, IVR reminders before due date
• Collection: daily/weekly collection tracking for field agents
• Overdue management: NPA classification at 90 DPD, provisioning calculation

Gold Loan Module

• Gold appraisal: weight, purity, LTV calculation against daily gold rate
• RBI LTV limit: 75% LTV — automated alert when gold price falls
• Auction management: default account auction process compliance
• Daily gold rate: API integration for automatic LTV recalculation

NBFC-MFI Module

• JLG (Joint Liability Group) management: group formation, centre meetings
• Loan sizing: MFIN/Sa-Dhan code of conduct — borrower household income assessment
• Group recognition test: centre meeting compliance
• Recovery: centre-wise collection tracking

Pricing for Lucknow NBFCs

• NBFC software (up to 500 active loans): Rs. 12,000/month
• Mid-size NBFC (500-5,000 loans): Rs. 20,000/month
• Large NBFC (above 5,000 loans, multi-branch): Rs. 30,000+/month
• Gold loan module: Rs. 15,000-25,000/month

Free NBFC software demo for Lucknow: +91 9355273535 | admin@mics.asia