Which is the Best NBFC for Personal Loan?

I needed money in my bank accounts and cash last month due to some financial issues. However, I wasn't aware of where I should take the personal loan. Then, my uncle, a bank manager, informed me about the top NBFC for personal loan. Some of them are HDFC Bank, Bajaj Finserv, Tata Capital, SBI and so on.

Top 10 NBFC for Personal Loan

My uncle said that the following are the leading NBFCs in India that are notable for their personal loan:

1. Bajaj Finserv

Many people looking for personal loans choose Bajaj Finserv because of its flexible repayment choices and reasonable interest rates. 

• Maximum Loan Amount: Up to Rs 25 lakh

• Interest Rate: Starting from 11% per annum

• Processing Fees: Up to 3.93% of the loan amount

• Turnaround time: 48 hours

2. Tata Capital

Tata Capital offers personal loans with short approval times and few documentation requirements. 

• Maximum Loan Amount: Up to Rs 25 lakh

• Interest Rate: Starting from 10.99% per annum

• Processing Fees: Up to 5.5% of the loan amount + GST

• Loan Repayment: 6 years

• Minimum Monthly Salary: Rs 15,000

3. Aditya Birla Finance

Aditya Birla Finance provides various repayment options along with personal loans at competitive interest rates. Additionally, the organisation offers an online application, and the fastest fund disbursement.

4. HDFC Bank Personal Loan

Within five minutes, you may get the best personal loan options for self-employed and salaried individuals and receive fast approval. You can get a loan for a wedding, a medical emergency, travel, overseas vacation, and so on with minimal documentation. 

• Maximum Loan Amount: Up to Rs 40 lakh

• Interest Rate: Starting from 10.75% per annum

• Processing Fees: Up to 4999 + GST

• Loan Tenure: 3 months to 72 months

• You can transfer your loan at a lower EMI.

5. SBI Bank Personal Loan

State Bank of India provides different types of loans such as:

• SBI Pension Loan

• SBI Xpress Credit Personal Loan

• SBI Xpress Elite Personal Loan

• SBI Quick Personal Loan

You can get complete details of these loans from the

official website of SBI

Apart from these 5 financial institutions, you can also get a personal loan quickly from the below entities:

• ICICI Bank

• Axis Bank

• Mahindra Finance

• IDBI Bank

• Fullerton India

In the end, my uncle also informed me that if you want to take personal loan instantly up to Rs 10 lakhs at the lowest interest rate, then you can also avail NoBroker Personal Loan service.

I hope you found this answer on top NBFC for personal loan helpful.

Hello there. I can help you choose the best NBFC for personal loans. There are a few good NBFCs in India, such as Tata Capital, Bajaj Finserv and more. I took a personal loan through one such NBFC around two years ago. At that time, I narrowed down my search to three NBFCs that provide personal loans. So, let me share all the details with you here.

Which are the Best NBFC in India for Personal Loan?

Before I give you the options that I found the best, you must know that these days you get instant

, Paytm, Google Pay, etc. You can check them out as well.

• Bajaj Finserv:

  The first NBFC I would like to suggest to you is Bajaj Finserv. Not only is it a trustworthy financial institution, but it offers great features. You can choose from three types of personal loans: Term Loan, Flexi Term Loan, and the Flexi Hybrid Loan. Also, you can get a loan amount up to Rs. 40 lakhs, which is amongst the highest provided by any NBFC. The tenure ranges from 6 months to 96 months, which is a good amount of time. Another highlight is that you can get a loan at a low CIBIL score of 685. Anything above this score is great. 

• Tata Capital:

  I find this as another great option if you are looking to take a personal loan. They offer a loan amount starting from Rs. 35,000 up to Rs. 40 lakhs. They have a flexible tenure, which can go up to 84 months. The interest rate starts at 10.99% for a loan at Tata Capital.

• Aditya Birla Capital:

  This is another good choice for you. It gives a personal loan amounting to Rs. 50 lakhs with a loan tenure of 84 months. They do not require any security or collateral for you to take the loan, and the interest rate remains the same throughout the loan period.

This is all from my side. I hope you are now aware of the best NBFC for personal loan with low CIBIL scores.