The Reserve Bank of India (RBI) has issued draft guidelines aimed at regulating the aggregation of loan products by lending service providers (LSPs). These guidelines aim to enhance transparency and provide borrowers with comprehensive information about potential lenders. LSPs, which are entities engaged by banks or non-banking finance companies, must ensure that borrowers receive a digital view of all available loan offers, including key terms and conditions, enabling fair comparisons. The RBI emphasizes the need for unbiased content on LSP platforms, prohibiting promotion of specific lenders or deceptive practices.
RBI Introduces Draft Guidelines for Loan Aggregator Websites
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/04/29104058/1712302989-5343-ezgif.com-avif-to-jpg-converter.jpg)