New Delhi: At any point of time, an individual can be in a situation where he/she falls short of funds for marriage function or any other emergency. For such unavoidable circumstances, Personal Loans come as a big relief for the borrowers. All banks and Non-Banking Financial Companies (NBFCs) provide personal loans. In this article, let’s see some of the NBFC which offer personal loans.
L&T Finance Holdings personal loan
L&T Finance Holdings is offering a personal loan at an interest rate starting from 11.50 per cent per annum. The NBFC allows borrowers to take a personal loan up to Rs 15 lakh for which no income proof is required. If a person takes a Rs 1000000 loan for 4 years, the individual will be charged 11.5 per cent interest rate, which means interest amount will be Rs 2,52,272.
Aditya Birla Finance personal loan
Aditya Birla finance offers personal loans up to Rs 50 lakh. The NBFC has fixed the interest rates in the range of 10 to 16 per cent. The lender’s website claims that borrowers can apply for an instant Personal Loan through Aditya Birla Finance Udyog Plus starting from minimum 50,000 to 5 lakh online. The borrower will pay EMI of Rs 30,165, while the interest amount would be Rs 4,47,901.
Mahindra Finance personal loan
Mahindra Finance offers personal loans with interest rates starting at 10.99%*. Mahindra & Mahindra Financial Services Limited (Mahindra Finance) came into existence in 1991. An applicant needs to cisit the Personal Loan Application Portal and provide basic details for the personal loan application. Next step would be to email the requested documents to PLProcess@mahindra.com
The approval decision will be communicated by Mahindra Finance. A sanction letter will be issued for approved applications. The applicant will have to sign the loan agreement & set up the repayment mandate digitally. The loan will be disbursed in your account by Mahindra Finance.
Bajaj Finance personal loan
Bajaj Finance offers personal loans at interest rates ranging from 11 percent to 32 percent per annum. Minimum salary eligibility is Rs 25,000 per month based on the city the applicant lives in. The NBFC provides loan up to Rs 40 lakh. Age eligibility is 21 years to 80 years.
(Disclaimer: News9live.com doesn’t recommend any NBFC or bank for personal loan. People interested in taking loans should do a thorough study of the several personal products available in the market and opt as per their convenience.)
Personal Loans: NBFCs including Aditya Birla Finance, Mahindra Finance, Bajaj Finance, and L&T Finance Holdings offer personal loans. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
