NBFCs are non-banking financial companies that offer personal loans even to those with low credit scores.

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The eligibility criteria process is less stringent in NBFCs as compared to banks, making loan from NBFCs a better option.

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Here we will know about the top 5 NBFC companies that offer personal loans in India.

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No. 1 Tata Capital It is one of the best NBFCs in India that offers instant loans up to Rs.25 lakhs. The interest rate starts from 10.99% p.a. and comes with a repayment tenure of 1 to 6 years.

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No. 2 Bajaj Finserv offers personal loans up to Rs.25 lakh. The interest rate starts from 13% p.a. and comes with a repayment tenure of 1 to 5 years.

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No. 3 Aditya Birla Capital From here you can take a personal loan up to Rs 50 lakh. The interest rate starts from 11% per annum and comes with a repayment tenure of 7 years.

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No. 4 IIFL Finance A loan of up to Rs 25 lakh at 16% p.a. interest rate 16% p.a. can be availed with a flexible tenor of up to 3 years.

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No. 5 HDB Financial Services Personal loans up to Rs 20 lakh come with a repayment tenure of 1 to 5 years. Interest rate starting from 17.25%.

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