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

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

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

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.

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.

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.

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.

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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