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Non Banking Financial Companies or NBFCs are companies that provide financial services to the customers. You may say even a bank does that, u201cHow is it any different?u201d Both of them provide financial services, but a bank accepts deposits, whereas a NBFC doesnu2019t accept deposits from the public. Despite the fact that they donu2019t accept deposits from the public, they provide high amount of home loans and personal loans to the customers. There are numerous Non-Banking Financial Companies in India, but only few are doing performing good in the personal loan space. Letu2019s have a look at some of the NBFCs that are providing the best personal loan services.
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Non Banking Financial Companies or NBFCs are companies that provide financial services to the customers. You may say even a bank does that, “How is it any different?” Both of them provide financial services, but a bank accepts deposits, whereas a NBFC doesn’t accept deposits from the public. Despite the fact that they don’t accept deposits from the public, they provide high amount of home loans and personal loans to the customers. There are numerous Non-Banking Financial Companies in India, but only few are doing performing good in the personal loan space. Let’s have a look at some of the NBFCs that are providing the best personal loan services.
Muthoot Finance Personal Loan When all other Non Banking Financial Companies (NBFCs) are recovering from the shakes of the IL & FS default, Muthoot Finance has managed to sail smoothly. This is the reason why Muthoot Finance is considered as one of the most trusted financers in India. The loan amount provided can fulfill all your dreams, whether it is about fulfilling your long term dream of throwing the best wedding party ever or short-term dream of buying a bike - Muthoot Finance gives loan amount starting from INR 50,000. Where other NBFCs are offering high interest rates of around 13-15% on personal loans, Muthoot is offering somewhere around 11% per annum. The eligibility criteria is easy to meet. You can apply for personal loan by enjoying the comfort of your home and for document verification and collection Muthoot sends an official to your doorstep.
Fullerton India Personal Loan Every lender doesn’t provide the personal loan that fits perfectly to your needs and wants. Fullerton India Personal Loan can be the closest fit as it offers very high amount of loan at very affordable interest rates. The Fullerton India Personal Loan is packaged in such a way that it takes care of all your needs. Whether you want to throw the best wedding party of the town or take an exotic vacation or get your favourite superbike, the Fullerton India personal loantakes care of it all. Most of the banks & NBFCs in India provide a personal loan of generally upto INR 5 lakh. This loan amount may not suffice in achieving your dreams. Whereas, Fullerton India provides a personal loan amount upto INR 20 lakh. Fullerton India loan gives you the choice between flexible & attractive interest rates. The interest rate that you may bag would lie between 14% to 33%. If you have a good CIBIL score, you can always bargain for the lowest interest rate possible.
Bajaj Finserv Personal Loan What makes the Bajaj Finserv Personal loan more suitable is its super easy application process. Without any extensive documentation procedure involved, you can easily avail the loan. If the online application seems flawless, the customer might even get an instant approval. The reason behind the uncomplicated nature of documentation process is the availability of loan without any collateral. Yes, you can borrow loan amounts upto INR 25 lakh without pledging any security against it. The interest rate provided by Bajaj Finserv Personal Loan is very affordable. You can bag an interest rate as low as 11.99%, if you’ve a flawless track record. To apply for personal loan with Bajaj Finserv, you can visit their website and apply for it online.
