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, and 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 30 Minutes*

100% digital and secure process, 45% lower EMIs starting at ₹1104/Lakh, Pay interest only on what you use with flexi loan.

Instant e-KYC No collateral Flexible tenure Trusted partner
Approval in 2 minutes & Disbursal in 30 Mins*
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

⚡
Quick approvals: complete files can see same-day decisions.
💳
Unsecured: no collateral; credit profile drives pricing.
🧮
EMI clarity: compare total cost, fees, and prepayment rules before signing.

Why Choose an NBFC Personal Loan?

NBFC personal loans are more 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 & Disbursement
  • 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 are often comparable to banks, matched to risk.

How to Apply

1

Check Your Eligibility

Start at fincrif.com/nbfc-personal-loan for instant screening—basic profile, city, income, and loan need.

2

Fill out the application

Enter personal details, employment type, desired amount & tenure. Keep info consistent with your KYC and income docs.

3

Upload Documents

Submit ID, address, and income proofs. Most journeys are 100% digital (e-KYC + online verification).

4

Approval & Disbursal

Post-review, funds are credited quickly (profile & lender-policy dependent). Track status live on your dashboard.

5

Repayment

Pay via easy EMIs through your chosen tenure. Enable auto-debit for on-time payments and better bureau health.

✓ PAN + Aadhaar (e-KYC)
✓ Address proof (Aadhaar/DL/Passport)
✓ Income proof (salary slips/ITR/GST)
✓ Bank statement (last 3–6 months)

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)

Indicative only. Always verify latest lender T&Cs, eligibility and pricing on the official site before applying.
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?
Yes—if the NBFC is registered with the RBI. Always verify the NBFC on the official RBI portal before applying.
Q2. Can I get a personal loan from an NBFC with a low CIBIL score?
Some NBFCs accept moderate scores but may offer higher interest and lower ticket size.
Q3. What is the typical tenure for an NBFC personal loan?
Most loans offer 12–60 months, some go up to 72 months.
Q4. Are there any hidden charges?
Check MITC/loan document for processing fees, foreclosure charges, late fees and GST.
Q5. NBFC vs Bank Personal Loan: Which is better?
NBFC: Faster, flexible.
Bank: Lower interest if profile is strong.
Q6. How do I verify if an NBFC is RBI-registered?
Search the NBFC name in the official RBI NBFC list. If missing, avoid applying.
Q7. Do multiple loan enquiries affect my credit score?
Yes—multiple hard enquiries in a short time reduce score. Use marketplaces to avoid bureau hits.
Q8. Can I preclose or part-pay an NBFC loan?
Usually allowed after 6–12 EMIs with a small foreclosure fee.
Q9. What is a Flexi/OD personal loan?
A credit line where interest applies only on the amount used. Helpful for uneven cashflow.

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.

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Compare the best Personal loan offers

idfc-first-bank
IDFC First Bank
Interest Rate Range
Starting at 9.99 % onwards
Processing Fee
1%
Max Loan Amount
₹ 1 cr
Tenure Range
6 months to 5 years
incred
Incred
Interest Rate Range
Starting at 13.99 % onwards
Processing Fee
0-1%
Max Loan Amount
₹ 15 Lakhs
Tenure Range
1 to 5 years
bajaj-finserv
Bajaj Finserv
Interest Rate Range
Starting from 10.25% onwards
Processing Fee
0.5-3.93%
Max Loan Amount
upto 55 lakhs
Tenure Range
Upto 8 Years
axis-bank
Axis Bank
Interest Rate Range
Starting at 10.49% onwards
Processing Fee
0-1%
Max Loan Amount
₹ 15 Lacs
Tenure Range
1 to 5 years
tata-fly
TATA FLY
Interest Rate Range
Starting at 18% onwards
Processing Fee
1- 3%
Max Loan Amount
₹25,00,000
Tenure Range
1 to 6 years
tata-capital
Tata Capital
Interest Rate Range
Starting at 10.99 % onwards
Processing Fee
0-1%
Max Loan Amount
₹ 35 lakhs
Tenure Range
upto 6 Years
bajaj-growth-location
Bajaj Growth Location
Interest Rate Range
NA
Processing Fee
NA
Max Loan Amount
NA
Tenure Range
NA
hdfc-bank
HDFC Bank
Interest Rate Range
Starting at 10.75% onwards
Processing Fee
2.50%
Max Loan Amount
₹ 40 Lakhs
Tenure Range
1 to 5 years
fibe
Fibe
Interest Rate Range
Starting at 18% onwards
Processing Fee
2%
Max Loan Amount
5 Lakhs
Tenure Range
6 to 36 months
smfg-india-credit
SMFG India Credit
Interest Rate Range
Starting at 13% onwards
Processing Fee
Up to 5%
Max Loan Amount
Up to INR 30 Lakh*
Tenure Range
1 to 5 years
bajaj-sol
Bajaj SOL
Interest Rate Range
Starting at 13% onwards
Processing Fee
0-4%
Max Loan Amount
upto 25 Lakhs
Tenure Range
1-5 years
Poonawalla-Fincorp
Poonawalla Fincorp
Interest Rate Range
Starting at 10.25% onwards
Processing Fee
3%
Max Loan Amount
50 Lakhs
Tenure Range
1-7 years
bajaj-prime-location
Bajaj Prime Location
Interest Rate Range
NA
Processing Fee
NA
Max Loan Amount
NA
Tenure Range
NA
axis-finance
Axis Finance
Interest Rate Range
Starting at 10% onwards
Processing Fee
0-3%
Max Loan Amount
₹ 50 Lakhs
Tenure Range
1 to 7 years
bandhan-bank
Bandhan Bank
Interest Rate Range
Starting at 9.99 % onwards
Processing Fee
3%
Max Loan Amount
₹ 35 Lakhs
Tenure Range
1 to 5 years
finnable
Finnable
Interest Rate Range
Starting at 12% onwards
Processing Fee
0-1%
Max Loan Amount
₹ 10 Lacs
Tenure Range
1-5 years
faircent
FairCent
Interest Rate Range
Starting at 9.99 % onwards
Processing Fee
0-3%
Max Loan Amount
₹ 10 lakhs
Tenure Range
6 months to 3 years
upwards
Upwards
Interest Rate Range
Starting at 18% onwards
Processing Fee
0-2%
Max Loan Amount
₹ 5 Lakhs
Tenure Range
1 to 5 years
moneyview
Moneyview
Interest Rate Range
Starting at 14% onwards
Processing Fee
2%
Max Loan Amount
₹ 10 Lakhs
Tenure Range
1 to 5 years
iifl
IIFL
Interest Rate Range
Starting at 12.75% onwards
Processing Fee
0-3%
Max Loan Amount
₹ 1 lacs to 25 lacs
Tenure Range
1 to 5 years
indusind-bank
IndusInd Bank
Interest Rate Range
Starting at 10.49% onwards
Processing Fee
0-2%
Max Loan Amount
50 Lakhs
Tenure Range
1 to 4 years
kotak-bank
Kotak Bank
Interest Rate Range
Starting at 10.99 % onwards
Processing Fee
0-2%
Max Loan Amount
₹ 30 Lakhs
Tenure Range
1 to 5 years
icici-bank
ICICI Bank
Interest Rate Range
Starting at 10.25% onwards
Processing Fee
0-1%
Max Loan Amount
₹ 50 Lakhs
Tenure Range
1 to 6 years
rbl-bank
RBL Bank
Interest Rate Range
Starting at 18% onwards
Processing Fee
0-2%
Max Loan Amount
₹ 20 lakhs
Tenure Range
1 to 5 years
hdb-financial
HDB Financial
Interest Rate Range
Starting at 10% onwards
Processing Fee
0-3%
Max Loan Amount
upto ₹ 20 lakhs
Tenure Range
1 to 5 years
karur-vysya-bank
Karur Vysya Bank
Interest Rate Range
Starting at 11.15% onwards
Processing Fee
0.50%
Max Loan Amount
upto ₹ 75 lacs
Tenure Range
1 to 6 years
union-bank-of-india
Union Bank of India
Interest Rate Range
Starting at 11.35% onwards
Processing Fee
1.0%
Max Loan Amount
upto 15 lakhs
Tenure Range
1 to 5 years
canara-bank
Canara Bank
Interest Rate Range
Starting at 10.95% onwards
Processing Fee
0.50%
Max Loan Amount
Upto 30 Lakhs
Tenure Range
1 to 7 years
federal-bank
Federal Bank
Interest Rate Range
Starting at 11.49 % onwards
Processing Fee
2.50%
Max Loan Amount
₹ 50 lakhs
Tenure Range
1 to 5 years
yes-bank
Yes Bank
Interest Rate Range
Starting at 10.99% onwards
Processing Fee
2%
Max Loan Amount
₹ 40 lakhs
Tenure Range
1 to 5 years
aditya-birla-capital
Aditya Birla Capital
Interest Rate Range
Starting at 10.99 % onwards
Processing Fee
2%
Max Loan Amount
₹ 50 Lakhs
Tenure Range
0 to 7 years