NBFC Personal Loan: Check
List of NBFCs for Personal
Loan
An NBFC personal loan is an unsecured loan from a Non-Banking Financial Company (RBI-regulated). Ideal for medical needs, home upgrades, education, travel, debt consolidation—delivered with speed and simpler eligibility.
Where you can use it
- Medical & emergency expenses
- Wedding & event costs
- Home renovation & appliances
- Education, courses, upskilling
- Travel or debt consolidation
Who it’s ideal for
- Salaried income ≥ ₹20,000/month
- Self-employed with 6–12m banking
- Credit score 600+ (750+ best)
- Quick funds with minimal paperwork
- Profiles needing flexible underwriting
Get a Personal Loan upto ₹25 Lakh in in 30 Minutes*
100% digital and secure process, 45% lower EMIs starting @ ₹1104/Lakh, Pay interest only on what you use with flexi loan.
Connecting to Bajaj Finance…
Please don’t refresh or go back.
1+ Million
Happy Customers
Rs. 250+ crore
Monthly Personal Loans Disbursal
Wide Range of 60+
Partner Banks & NBFCs
Support team 500+
Team Size of Experts
Why Choose an NBFC Personal Loan?
NBFC personal loans are flexible and faster to access than many bank loans, with simpler documentation and broader eligibility.
- Faster processing times
- Easier approval for moderate credit scores
- Flexible amounts & tenures
- Competitive interest rates
- Quick approval & disbursal
- No collateral required
- Customized products
- Lower documentation requirements
What is an NBFC Personal Loan?
An NBFC (Non-Banking Financial Company) is a financial institution that provides banking-like services such as loans and credit facilities but does not hold a banking license. This means NBFCs cannot accept demand deposits from the public. However, they are registered with the Reserve Bank of India (RBI) and play a vital role in India’s financial ecosystem.
An NBFC Personal Loan is simply a personal loan offered by these companies instead of a traditional bank. It’s an unsecured loan—meaning no collateral is required—and is designed for individuals who need quick access to funds for personal use such as travel, weddings, education, or emergencies.
NBFCs are known for being more flexible than banks, particularly in terms of eligibility and documentation. They often approve loans faster and have fully digital processes, making them ideal for borrowers who value speed, convenience, and minimal paperwork.
Key Benefits
Quick Processing & Disbursal
Approvals and credit often within 24–48 hours—ideal for urgent needs.
Flexible Eligibility
More lenient than banks; works with moderate credit scores too.
Higher Loan-to-Income
Some NBFCs allow a higher multiple of income vs. typical bank norms.
Lower Documentation
Digital-first KYC and verification reduce paperwork and save time.
Customized Products
Tailored options for self-employed and salaried with variable income.
Competitive Pricing
Interest rates and fees often comparable to banks, matched to risk.
How to Apply
Check Your Eligibility
Start at fincrif.com/nbfc-personal-loan for instant screening—basic profile, city, income, and loan need.
Fill the Application
Enter personal details, employment type, desired amount & tenure. Keep info consistent with your KYC and income docs.
Upload Documents
Submit ID, address, and income proofs. Most journeys are 100% digital (e-KYC + online verification).
Approval & Disbursal
Post-review, funds are credited quickly (profile & lender-policy dependent). Track status live on your dashboard.
Repayment
Pay via easy EMIs through your chosen tenure. Enable auto-debit for on-time payments and better bureau health.
FinCrif keeps it transparent, quick, and digital end-to-end.
Eligibility Criteria
Age
21–60 years (some lenders allow up to 65 at loan maturity).
Income
Minimum ₹20,000/month for salaried employees.
Job Stability
Minimum 1 year in current job; 2–3 years total experience preferred.
Credit Score
600+ works; 700–750 improves approval and lowers interest.
Residency
Indian citizen living in India with stable address history.
Eligibility varies by NBFC policy, city, and risk profile.
Documents Required (NBFC Personal Loan)
Basic KYC (Common)
- Identity: PAN (mandatory) + Aadhaar / Passport / DL / Voter ID
- Address: Aadhaar / Passport / recent utility bill / registered rent agreement
- Photo & Contact: Recent passport photo, active mobile & email
- Banking: Cancelled cheque / passbook page for e-mandate (e-NACH)
Documents Required — Salaried Employees
- Income Proof: Last 3 months’ salary slips
- Bank Statement: Salary account (last 6 months)
- Employment Proof: Employee ID / HR letter (if asked)
- Tax Proof (if required): Form 16 / ITR
Documents Required — Self-Employed / CA
- Business Proof: GST certificate / Shop & Est. / Udyam / CA membership (for CAs)
- Financials: ITR (last 2–3 yrs) + Computation, P&L & Balance Sheet
- Bank Statement: Business/current a/c (last 6–12 months)
- Office Proof: Rent agreement / utility bill / property tax (as applicable)
Documents Required — Doctors
- Professional Proof: MCI/State Medical Council Registration
- Clinic/Hospital: Clinic registration / empanelment letter
- Income Proof: ITR (2–3 yrs) / Form 16 (if salaried doctor)
- Bank Statement: Business/salary a/c (last 6–12 months)
Documents Required — Armed Forces
- Service ID: Defence/Paramilitary/Armed Forces ID
- Posting Proof: Posting/transfer order or service letter (if asked)
- Income Proof: Latest 3 payslips / salary certificate
- Bank Statement: Salary a/c (last 6 months)
Optional / If Needed
- Co-applicant/Guarantor: KYC + income proofs
- Existing Loans: Loan statements / foreclosure letters
- Residence/Office Stability: NOC / verification documents
- Bureau Clarifications: DPD/settlement proof if queried
Eligibility & documentation vary by NBFC, city, ticket size, and risk profile. Upload clear PDFs; ensure PAN/IFSC/account details are visible.
Top NBFCs for Personal Loan (Indicative)
| NBFC | Loan Amount | Indicative Interest (p.a.) | Tenure | Basic Eligibility | Processing Fees | Key Features | Best For |
|---|---|---|---|---|---|---|---|
| Bajaj Finance Limited aka Bajaj Finserv | ₹1 lakh – ₹45 lakh+ | ~10.99% – 30% | 12 – 96 months | Age 23–55, stable income, resident | ~2% – 4% + taxes | Very fast disbursal; higher ticket sizes; wide digital journey | Large amount needed quickly |
| Tata Capital | ₹75,000 – ₹35 lakh | ~10.99% – 22% | 12 – 72 months | Age 22–58, min income ~₹15k | Up to ~2.75% + taxes | Flexible tenure; competitive rates for good profiles | Stable income & good credit history |
| Aditya Birla Finance | ₹50,000 – ₹15 lakh+ | ~14% – 26% | 12 – 60 months | Age 23–60, min income ~₹25k | Up to ~2% + taxes | Customised offers; strong corporate pedigree | Brand-conscious borrowers seeking tailored offers |
| HDB Financial Services | ₹50,000 – ₹15 lakh | ~12% – 24% | 12 – 60 months | Age 21–60, steady income | As per policy; usually applicable | Wide reach; quick approvals beyond metros | Applicants in Tier-2/3 cities |
| IIFL Finance | ₹10,000 – ₹10 lakh+ | ~12% – 24% | 6 – 60 months | Age 21–60, income proof per program | As per policy; usually applicable | Instant approval, minimal documents | Small, urgent personal loans |
FAQ (Frequently Asked Questions)
Q1. Is it safe to take a loan from an NBFC?
Q2. Can I get a personal loan from an NBFC with a low CIBIL score?
Q3. What is the typical tenure for an NBFC personal loan?
Q4. Are there any hidden charges?
Q5. NBFC vs Bank Personal Loan: Which is better?
Bank: Lower interest if profile is strong.
Q6. How do I verify if an NBFC is RBI-registered?
Q7. Do multiple loan enquiries affect my credit score?
Q8. Can I preclose or part-pay an NBFC loan?
Q9. What is a Flexi/OD personal loan?
Calculate Your EMI Instantly
A Multi-Purpose Loan EMI Calculator helps you estimate your monthly repayment amount before applying for a loan. Whether it’s for education, travel, wedding, home renovation, or business needs—know your EMI and plan smarter.
0 / month
Principal
Interest
Total Payable
Repayment Schedule
| Month-Year | EMI | Interest | Principal | Balance |
|---|
Compare the best Personal loan offers
starting at 9.99%
1%
₹ 1 cr
6 month to 5 year
13.99%
0-1%
₹ 15 lacs
1 to 5 years
Starting from 10.25% onwards
Starting from 0.5% upto 3.93%
upto 55 lakhs
Upto 8 Years
10.49%
0-1%
₹ 15 Lacs
1 to 5 years
18%
1% to 3%
₹25,00,000
1 to 6 year
10.99%
0-1%
₹ 35 lacs
upto 6 Years
NA
NA
NA
NA
10.75%
2.50%
₹ 40 Lakhs
1 to 5 years
18%
2%
5 Lakh
6 to 36 months
13% onwards
Up to 5% of the total loan amount + GST
Up to INR 30 Lakh*
12 to 60 months
13% onwards
0-4%
upto 25Lakhs
upto 60 months
10.25%
3
50 Lakhs
upto 7 years
NA
NA
NA
NA
13.0%
0-1%
₹ 15 lacs
0 to 3 years
10.50%
5.5%
₹ 35 lacs
1 to 5 year
12%
0-1%
₹ 10 Lacs
Upto 5 years
9.99%
0-3%
₹ 10 lacs
6 months to 3 years
18%
0-2%
₹ 3 Lacs
1 to 5 years
15.96%
2%
₹ 10 Lacs
1 to 5 years
12.75%
0-3%
₹ 1 lacs to 25 lacs
1 to 5 years
10.49%
0-2%
₹ 3 Lacs to 75 Lacs
1 to 50 years
10.99%
0-2%
₹ 30 Lacs
1 to 5 years
10.25%
0-1%
₹ 50 Lacs
1 to 6 years
18%
0-2%
₹ 20 lacs
1 to 5 years
10% - 35%
0-3%
upto ₹ 20 lacs
1 to 5 years
11.15%
0.50%
upto ₹ 75 lacs
1 to 6 years
11.35%
1.0%
upto 15 lacs
1 to 5 years
10.95%
0.50%
upto ₹ 10 lacs
0 to 7 years
11.49%
2.50%
₹ 50 lacs
1 to 5 years
10.99%
2%
₹ 40 lacs
1 to 5 years
10.99%
2%
₹ 50 Lacs
0 to 7 years
Need Immediate Funds?
Get instant approval from trusted NBFC partners via FinCrif.
