Which NBFC is best for personal loan?
Table of Contents
- 1 Which NBFC is best for personal loan?
- 2 What is the interest rate for personal loan in Tata Capital?
- 3 Which bank is best for PL?
- 4 Is Tata Capital profitable?
- 5 Why banks are better than NBFC?
- 6 Why do people take loans from NBFC?
- 7 Why choose Tata Capital?
- 8 What is the process of getting a personal loan from Tata Capital?
- 9 What is a personal loan?
Which NBFC is best for personal loan?
Top NBFCs in India Offering Personal Loans
| NBFC | Interest Rate (p.a.) | Loan Amount |
|---|---|---|
| Mahindra Finance | As per Lender | Up to Rs.3 lakh |
| IIFL Finance | 24\% p.a. onwards | Up to Rs.2 lakh |
| HDB Financial Services | Upto 36\% | Up to Rs.20 lakh |
| Aditya Birla Capital | 14.00\% p.a. to 26.00\% p.a. | Up to Rs.15 lakh |
What is the interest rate for personal loan in Tata Capital?
11.25\%
Tata Capital Personal Loan Interest Rates
| Particulars | Salaried/ Self-employed/pensioners |
|---|---|
| Interest Rate | 11.25\% – 14.49\% |
| Processing Fee | 0 to 2.5\% of the loan amount |
| Loan Tenure | Up to 6 years |
| Loan Amount | Rs.75,000 to Rs.25 lakh |
Is it better to take loan from NBFC?
Nowadays, loans have become more accessible to borrowers once they meet the required eligibility criteria. The primary concern arises with choosing between banks and NBFCs. The RBI confirmed that NBFCs are outperforming banks in a financial stability report, increasing customer satisfaction by 15\%.
Which bank is best for PL?
Compare Best Personal Loan in India
| Bank | Interest Rates | Lowest EMI Per Lakh |
|---|---|---|
| HDFC Bank Personal Loan ⊕ Compare | 10.25\% | ₹ 2,137 |
| ICICI Bank Personal Loan ⊕ Compare | 10.25\% | ₹ 2,137 |
| Bajaj Finserv Personal Loan ⊕ Compare | 12.99\% | ₹ 2,275 |
| IDFC First Bank Personal Loan ⊕ Compare | 10.49\% | ₹ 2,149 |
Is Tata Capital profitable?
The company had recorded a net profit of ₹1,126 crore in fiscal 2021. Tata Capital’s loan book has grown 8\% to ₹83,044 crore in September 2021 from ₹77,219 crore at the end of March 2021.
Which bank gives loan easily in India?
HDFC Bank has low processing fees that will reduce your loan burden. With its superfast disbursals and the efficient loan process, HDFC Bank is one of the leading banks in India that offers among the best Personal Loans in India. The bank comes up with Personal Loan offers periodically.
Why banks are better than NBFC?
Contrary to banks, NBFCs follow a relaxed approach to loan eligibility. They accord the customers easier and faster financing. Despite having low credit score one can easily qualify for a loan from an NBFC. Also, lending 100\% loan amount provides the NBFCs with an edge over traditional banks.
Why do people take loans from NBFC?
As compared to banks, NBFCs follow more flexible approach to avail a business loan. They make it easy for the customers to avail fast and quick financing. Inspite of having a low credit score one can effortlessly avail for a business loan from a leading NBFC like Ziploan.
What is the EMI for 3 lakhs personal loan?
Calculated Monthly EMI for 300000 of loan amount for 3 years at various rate of Interest :
| Loan Amount | Rate of Interest | Per Month EMI |
|---|---|---|
| 3 Lakh | 14.00\% | Rs.10253.29 |
| 3 Lakh | 15.00\% | Rs.10399.6 |
| 3 Lakh | 16.00\% | Rs.10547.11 |
| 3 Lakh | 18.00\% | Rs.10845.72 |
Why choose Tata Capital?
Tata Capital offers fast loan processing and tailored personal loan offerings ideal to fund your diverse financing goals. Disclaimer: Personal Loans are originated and serviced by Tata Capital Financial Services Limited (TCFSL) and are at its sole discretion.
What is the process of getting a personal loan from Tata Capital?
The process of getting a personal loan from Tata Capital is fast, easy, and hassle-free –. Step 1 – Fill in a simple application form. Can be done offline or online. Step 2 – Submit or upload the documents required for loan approval. Step 3 – Tata Capital will verify your documents and credit history.
How can I get a personal loan of 25 lakhs?
Tata Capital provides easy personal loans available at attractive interest rates, starting at 10.99\%. Avail a loan up to Rs. 25 lakhs through a simple online process with minimal documentation and an easy to meet eligibility criteria. Get flexible tenures up to 6 years and repay your personal loan EMI as per your convenience.
What is a personal loan?
What is a personal Loan? A personal loan is an unsecured credit that you can avail without pledging any collateral. Unlike other loans, a personal or unsecured loan has easy eligibility criteria, special offers and unrestricted end-use for you to finance your immediate expenses, be it a medical emergency or a foreign trip.