> ## Documentation Index
> Fetch the complete documentation index at: https://razorpay-60c89f9a-mintlify-audit-missing-sections-1778528421.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Co-Lending for NBFCs

> The latest digital lending rules state that the loans must only be disbursed by Regulated Entities (RE) and the money flow must happen directly between the RE account and the borrower’s account. This makes it difficult for NBFCs to manage multiple accounts and flows without any support. You can use RazorpayX as an intermediary to disburse money by onboarding your borrower as a [Sub-Account](/x/payouts/sub-accounts).

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.

## Onboarding for NBFCs

Sign up with a [Master account](/x/payouts/sub-accounts#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](https://razorpay.com/x/escrow-accounts/).

<Steps>
  <Step title="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.
  </Step>

  <Step title="Sign the Escrow agreement with the Escrow Bank and Escrow Trustee.">
    Sign the Escrow agreement with the Escrow Bank and Escrow Trustee.
  </Step>

  <Step title="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.
  </Step>
</Steps>

Connect with your RazorpayX POC or [contact support](/x/support) for document templates, letters and other supporting material.