non-banking financial companies
Rejected by Banks? These NBFCs Say YES to Personal Loans with Easier Terms
If you've been rejected by a bank for a personal loan, don't worry. Non-Banking Financial Companies (NBFCs) are a great alternative with more relaxed requirements, faster processing, and flexible loan terms. This guide explains how NBFCs work, their benefits, and what you need to know before applying.
Loan Rules: Revised RBI Regulations Empower Micro-Finance Firms to Offer Loans Openly
The Reserve Bank of India (RBI) has revised microfinance lending rules, allowing MFIs and NBFCs to offer loans more openly. Key changes include lower risk weights, deregulated interest rates, and enhanced credit flow to NBFCs. Additional protections ensure responsible lending and borrower transparency. This move encourages financial inclusion and promotes economic growth, benefiting both lenders and borrowers. Learn how these changes impact your finances and explore opportunities for better loan access.
