What’s inside
- Read me
- How to use the file, the source directions, and a clear note that it is a self-check, not legal advice.
- Partner due diligence
- 15 checks before signing: eligibility, scope, your credit policy, the partner’s policy and portfolio, KYC approach, escrow, the 15-day booking process, SMA/NPA information sharing, CIC reporting, continuity and grievance handling.
- Agreement terms
- 14 items the agreement and borrower documents should cover, from borrower selection and fees to retention, escrow, DLG and transfers.
- Ongoing monitoring
- 9 recurring checks after go-live: retention, booking within 15 days, blended rate changes, asset classification, DLG, audit, website and financial statement disclosures.
Preview
| Area | Check | Para |
|---|---|---|
| Eligibility | Both lenders are eligible regulated entities | 4 |
| Operations | Partner can book its share within 15 calendar days | 22, 24 |
| Operations | SMA/NPA status shared by end of next working day | 33 |
| Terms | Each lender retains at least 10% of every loan | 10 |
| Partner | Partner’s portfolio quality reviewed | Good practice |
Rows from the three checklist sheets. Each row has columns for evidence, status, owner and date.
How to use it
- 1Start with "Partner due diligence" before you sign, and attach evidence to every row rather than just ticking it.
- 2Hand "Agreement terms" to whoever reviews the draft agreement and borrower documents.
- 3Run "Ongoing monitoring" every month or quarter, and treat any "Gap" as an action with an owner and a date.
- 4Use it alongside our free co-lending checker to test individual loans.
A template tells people the rules. A workflow makes them happen and keeps the evidence. Averoic runs processes like this as configured workflows, with a record of who did what and when.
Sample template. Adapt it to your own policies, Board approvals and applicable regulations. It is not legal or regulatory advice. Free to use and adapt within your organisation.
Frequently asked questions
What should co-lending due diligence on a partner cover?
Eligibility of both lenders, scope of the loans, your own credit policy for co-lending, the partner’s credit policy, financial position and portfolio quality, the KYC approach, escrow arrangements, the process to book shares within 15 calendar days, SMA/NPA information sharing, credit bureau reporting, business continuity and grievance redressal.
Is this checklist based on the RBI co-lending directions?
Yes. Items are mapped to paragraphs of the RBI (Co-Lending Arrangements) Directions, 2025 (RBI/DOR/2025-26/139). Items that are good practice rather than a direction requirement are marked as such. It is a self-check, not legal advice.