Top NBFc in india-NBFC is considered to be the best financial institution that gives home loans because NBFC covers more risk for giving loans and is known for giving more loans, while to take a loan from banks, your CIBIL score and source of income are very important and that too in a formal manner, if we talk about India, then it is known for giving the highest number of home loans. Today we will discuss the top Indian NBFCs.
Difference between Bank and NBFc
A bank is one which takes money from RBI as loan and gives loan to the customer who takes loan, also the customer can open his account and can do transactions of his money but if I talk about NBFC then it only gives you loan by taking loan from nationalized banks and you cannot open your account there nor do any kind of transaction, only loan is given to you.
One more thing, interest rate of NBFC can be a little costly as compared to banks, hence decide as per your credit score or income whether to take loan from a bank or NBFC company.But still we are sharing the top nbfc in india list with you which will help you a lot
Top NBFc in india
 Bajaj Finance | Loan Up to 1 Cr with ROI- 8.75% p.a. |
 Cholamandalam Investment & Finance Company Limited | Loan Up to 50 Lakh with ROI- 12% p.a. |
 L&T Finance | Loan Up to 75 Lakh with ROI- 13%p.a. |
| Loan Up to 75 Lakh with ROI- 9% p.a. | |
| Loan Up to 5 Cr with ROI- 8.50% p.a. | |
| Loan Up to 50 Lakh with ROI- 10.35% p.a. | |
| Loan Up to 50 Lakh with ROI- 14% p.a. | |
| Loan Up to 1 Cr with ROI- 9% p.a. | |
 Shriram Finance | Loan Up to 90 Lakh with ROI- 12% p.a. |
 HDB Financial Services | Loan Up to 10 Cr with ROI- 9% p.a. |
All top nbfc in india list is showing, If you also want to take your home loan at a cheap and affordable interest rate, then you can get finance from the NBFC companies given in this list.
Why take a home loan from NBFC company.
Often people prefer to take their home loan or personal loan from the bank because the interest rate of banks is much cheaper than NBFC companies, but let me tell you that you can easily get a home loan from any of the above mentioned top NBFC in India with less paperwork than banks, even if you have a low credit score i.e. CIBIL is 600+. Because NBFC companies keep the risk reward reasonable while banks approve home loans with their own terms and conditions. you also find best business loan for low cibil than click
Documents Required for Home Loan
If you also take home loan from top nbfc in india than required these paper work.
| KYC | Address Proof | Income Proof | Property Paper | ||
| Applicant and co-app | Applicant and co-app | If salaryed customer | Current owner Sale Deed | ||
| Adhar card | Adhar card / Voter id / D.L. / Ration card | Last 3 Month salary slip | Last 13 year chain | ||
| Pan card | Passpoert / Birth Certificate / Property paper | Last 6 Month bank statement | last year Rasid (lagan rasid) | ||
| Passport size photo | Any other government document | Form 16 last 2 year | Mutation | ||
| SOA (if any loan currently running) | currently Khatiyan/khatauni | ||||
| Estimate And floore Plan | |||||
| If Self Employed | If purchase loan than required ATS (agreement to sale) | ||||
| ITR Last 3 year with COI,P.L., B.L. | |||||
| GST Certificate with 1 year return | |||||
| Last 1 year bank statement Current A/C | |||||
| Last 1 year bank statement saving A/C | |||||
| Any other loan statement ( SOA) | |||||
For top nbfc in india home loan documents required for bank’s & NBFc Company.
