NBFC Personal Loan Interest Rate: There are many such occasions in life when people suddenly need money. People need money for housing, children’s higher education, serious illness and on occasions like marriage. Many people prepare for it long in advance, while some people have an emergency fund.
If a person does not have both these options, then there is no option other than taking a personal loan from the bank. Banks do a lot of research before giving personal loans. If the bank has rejected your personal loan, then you have the option of taking a personal loan from a non-banking financial company i.e. NBFC.
Compared to banks, personal loan from NBFC is easily approved. The loan conditions of NBFC are less and flexible. This is the reason, loan from NBFC is easily approved. However, the interest rates of NBFCs may be higher than those of banks. If you are also planning to take a personal loan from an NBFC, then you must get information about the interest rates of various NBFCs. So that you do not suffer any kind of financial loss…
1. Tata Capital
Personal loan ranging from Rs 40 thousand to Rs 35 lakh can be taken from Tata Capital. Tata Capital’s interest rates for personal loans start from 11.50 percent. Interest rates may change depending on the credit score of the person applying for the loan. Tata Capital’s loan processing fee is up to 3.5 percent.
2. Bajaj Finance
In Bajaj Finance you are getting personal loan at an interest rate of 10 percent. However, interest rates are based on the loan amount, credit score and your income. That means, it may change.
3. Shriram Finance
Under Shriram Finance, personal loan interest rates start from 11 percent. It may change depending on the credit score, loan amount and income of the customer.
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