NBFCS

Fullerton India- top NBFC in India

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?

Why Take a SME Loan From NBFCS?

Are you thinking of starting your dream business? You might be worried about the capital. Keep all your tensions at bay. Now, you can take a quick business loan from an NBFC. 

An SME loan is the perfect way to begin your startup. It will provide you with the necessary funding for your small business. Moreover, it is also easy to get.

Benefits Of Taking SME Loan From NBFCs

NBFCS are Non-Banking Financial Institutions. Does that mean you cannot trust them? Well, there is nothing to worry about. They have got recognition from the RBI. Let us look at some of their advantages.

  • You Can Get A Loan With Minimum Documents.

You only need to register your business as an SME with the government of India. Along with that, you need your business proposal. Forget the hassle of submitting multiple documents.

  • Your Loan Will Get Approved Instantly

We know it is hard to control your excitement when you are starting your new business. Waiting for days to receive the funds is the last thing you want. NBFCs will approve your loan within a couple of days.

  • You Will Get Greater Flexibility

You can compare the business loan interest rate offered by various NBFCs. It will let you make a better decision. Moreover, you will also have several options for repayment. Isn’t that superb?

Are you still waiting?  Go ahead and start planning for your dream business.

Must Read: What are the Actual Crucial Differences Between a SMB vs SME?