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With RazorpayX Escrow+ Account you can also work with other NBFCs to lend money. The money flows into an Escrow Account. Based on the agreement guidelines, the sum passes to the borrower. When the borrower makes a repayment back, that amount is collected in the Collections Escrow+ and distributed among the NBFCs that lent the money. Trustee is not mandatory for Co-Lending, however, you can reach out to your RazorpayX POC if require one. Signing up with RazorpayX and using our Escrow+ ensures:
  • Secure flow of money.
  • Automated reconciliations and reporting.
  • A finance management system with all the necessities in one place.

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Onboarding for NBFCs

Sign up with a Master account and raise a request with your point of contact (POC) at Razorpay for a Co-Lending Escrow+ Account or share your details on our website.
1

Your POC at Razorpay introduces you to the Escrow Trustee (if requi...

Your POC at Razorpay introduces you to the Escrow Trustee (if required) and Escrow Bank for opening the co-lending Escrow Account.
2

Sign the Escrow agreement with the Escrow Bank and Escrow Trustee.

Sign the Escrow agreement with the Escrow Bank and Escrow Trustee.
3

Create two RazorpayX accounts to link the collection and disburseme...

Create two RazorpayX accounts to link the collection and disbursement of Escrow Accounts. Parallelly, we facilitate the account opening process with the partner bank.
Connect with your RazorpayX POC or contact support for document templates, letters and other supporting material.