What is the best personal loan NBFC

What is the best personal loan NBFC? Top 8 NBFCs List

There are many NBFC banks available to get the best personal loan offer. Non-Banking Financial Companies (NBFCs) loans are offering a 9.65% to 36% interest rate per annum. The loan offer provides Rs. 15,000 to Rs. 35 lakhs.

The loan repayment tenure is 6 months to 5 years. Check the best personal loan NBFC available right now.

Top 8 NBFCs List for Personal Loan

NBFCsInterest Rate (p.a.)Salary RequiredLoan Amount
WeRize18% to 21%Rs. 12,000 net SalaryRs. 50,000 to 5 lakh
Money View16% to 24%Rs. 13,500 net SalaryRs. 10,000 to 5 lakh
Navi9.9% to 45%Rs. 15,000 net SalaryRs. 15,000 to 20 lakh
Home Credit24% to 56.5%Rs. 10,000 net SalaryRs. 20,000 to 5 lakh
Indusind bank10.49%Rs. 25,000 net SalaryUp to 25 lakh
Upward9% to 32%Rs. 21,000 net SalaryUp to 3 lakh
Faircent12% to 28%Rs. 22,000 net SalaryRs. 50,000 to 5 lakh
Paysense16% to 24%Rs. 18,000 net SalaryRs. 70,000 to 5 lakh

Benefits of Personal Loans from NBFCs

Instant Approval: You will get the personal loan within 24 hours. The process is fast.

Long Tenure: Choose the loan repayment tenure from 6 months to 5 years.

Affordable Interest: The interest rate starts from 9.65% to 36% per annum.

Online Process: The application process is online. You don’t need to visit a branch. You can online through 24hrloan.

No Hidden Charges: Don’t need to pay extra charges. You have to pay processing charges & GST charges to get the loan.

Collateral-free: This is a collateral-free personal loan. Your KYC documents & income proof will require to get the loan.

Eligibility Criteria of Personal Loans from NBFCs

  • Applicant’s age should be 21 years or above
  • Indian Citizenship
  • Public Ltd, Pvt Ltd & Government employees are eligible
  • CIBIL Score 700+ required
  • Net monthly salary of Rs. 12,000 required
Also Read: Top 5 Instant Loan Apps without Salary Slips

Documents Required for Personal Loan

Fulfill the below documents to get a personal loan from NBFCs companies:

  • Aadhaar Card
  • Pan Card
  • Residential Proof (Electricity bill / Water bill / Property Tax / Gas bill)
  •  1 yr bank statement pdf
  • Recent 3 month’s salary slip
  • Form 16 is required if the monthly salary is Rs. 50,000
  • Applicant Passport Photo

Choose the Best Personal Loan from NBFCs

This is difficult to choose the best personal loan offers from NBFCs. Just follow the simple tips to choose the best NBFCs companies:

Check the process: Before applying for a personal loan check out the details process. You can read the full article through 24hrloan.in and then apply for a loan.

Avoid complicated ways: Some NBFCs process personal loans offline. Avoid this process. Just apply online & get the money fast without going to brunch.

Eligibility Criteria: There are different Banks & NBFCs available to apply for the personal loan. But you should check out the eligibility criteria before applying for a loan.

Repayment Tenure: When you are going to apply for a personal loan, check the repayment tenure. Flexible tenure will help to pay loan EMI easily.

FAQs on Personal Loans NBFCs

Can I get a loan from NBFCs if my salary is Rs. 12,000?

You can apply for Rs. 12,000 net salary. Werize gives you up to 5 lakhs instant loan.

How many loans are available through NBFC companies?

The NBFCs companies give you up to 35 lakhs personal loan.

What is the interest rate NBFCs offer?

NBFCs offer a 9.65% to 36% interest rate per annum. Also, it will depend on the CIBIL score. If you have a good CIBIL score, you will get the best rate.

How much time do NBFCs take to get a personal loan?

NBFCs take 3 to 5 days to get the money to your account.

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