Reserve Bank of India’s Digital Lending Guidelines 2025

Context: The Reserve Bank of India issued consolidated ‘digital lending directions’ with two new sets of instructions.

More in News

1. Covers lending service providers (LSPs) working with regulated entities (REs).
2. Operationalises a Public Directory of Digital Lending Apps (DLAs).

What are the new Digital Lending Guidelines 2025?

• Digital View of Loan Offers: Borrowers must be shown comparable loan offers from all eligible lenders, along with transparent details like interest rate, loan amount, tenure, penal charges, etc.
• Cooling-off Period: Allows borrowers to exit loans within a specified time.
• Data Privacy & Consent: Borrowers can revoke consent and request data deletion.
• Public Registry of DLAs: All digital lenders must now register their apps on the RBI’s Centralised Information Management System (CIMS).
  • A list of authorised lending apps will be published and regularly updated on RBI’s website.

• Accountability of REs: REs are responsible for compliance by their partnered LSPs.
• Grievance Redressal: REs and LSPs must set up mechanisms to address borrower complaints efficiently.

Sharing is caring!