NBFC stands for Non-Banking Financial Companies. It relates to asset institutions providing financial services without a banking license. The Reserve Bank of India defines NBFC as “a company registered under the Companies Act, 1956 engaged in the business of loans, advances, acquisitions of government securities, insurance, etc.” Investment banks, insurance companies, hedge funds, and private equity funds are examples of NBFCs.

Fullerton India is an NBFC in India and deals with financing across retail and rural segments. It is registered as an NBFC-Investment and Credit Company (NBFC-ICC) with the Reserve Bank of India and is a member of the SMBC Group. Their primary services constitute financing of SMEs for working capital and growth; loans for commercial vehicles and two-wheelers; home improvement loans; loans against the property; instant personal loans; working capital loans for urban self-employed; loans for rural livelihood advancement; rural housing finance; and financing of various rural micro-enterprises.

They offer personal loans that have complete transparency and simplicity. The unique and customized offering includes an instant online application. It provides instant personal loans online, and the process is paperless. You can get the loan credited into the account immediately after approval.

The Documents For A Personal Loan Are:

1. Photo
2. Identity proof such as a PAN card, driving license
3. Address Proof such as electricity bill, passport
4. latest salary statement as proof of income.
5. Bank statements
6. We can get personal loan eligibility in minutes. The Loan Repayment Tenure is Min. 12 Months and Max. 60 Months with the Annual Interest Rate being Min. 11.99% and Max. 23.99%.

Also Read: Can i Get Multiple Personal Loan at Same Time?