The Best NBFCs for Personal Loans in 2020 - NBFCs Personal Loan


As alternatives to banks, NBFCs can also provide you with some of the most competitive deals when it comes to personal loans. Let us now take a look at some of the best NBFCs in India, offering the most attractive Personal Loan deals.

Bajaj Finserv Personal Loans

Bajaj Finserv Personal Loans are somewhat like the RBL Personal Loans in the sense that only salaried individuals can take these. Bajaj Finserv Personal Loans come with an attractive rate of interest and can give you till Rs. 25 lakhs. The loans are characterized by a flexible tenure, minimal documentation, free of collateral, and fund disbursal in 24 hours. There are no hidden charges whatsoever.
Let’s look at the Features and Benefits first: 
1.       Pay 45% lower EMIs with Flexi Personal Loan
2.       Your loan will be disbursed within 24 hours!
3.       High loan amount for all your needs
4.       Minimal documentation and online process
5.       Flexible tenure
6.       Zero hidden charges
7.       Instant approval
8.       Pre-approved loan offers for a faster process
Next up, the Eligibility Criteria:

The good news is that these criteria are comparatively easy to meet. These are the requirements:
1.       The minimum salary depends on area and city of residence
2.       Age limit is from 23 to 55
3.       The minimum CIBIL score is 750
4.       One needs to be a salaried employee of an MNC, or of a private or a public company
5.       One needs to be an Indian citizen
Documents needed:
1.       Passport-size photographs
2.       KYC Documents like PAN card, Aadhaar card, Driving license, Passport and Voter’s ID.
3.       Bank account statements for the past three months

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