Top NBFCs Offering Business Loans in Delhi NCR

Non-Banking Financial Companies (NBFCs) play a significant role in providing accessible business loans to entrepreneurs and small businesses in Delhi NCR. With flexible eligibility criteria, competitive interest rates, and faster loan approvals, NBFCs have become a preferred choice for many business owners. This article highlights the top NBFCs offering business loans in Delhi NCR, their features, and the advantages they bring to borrowers.

1. Bajaj Finserv

Features:

• Loan Amount: Up to ₹45 lakhs
• Tenure: Flexible repayment terms up to 84 months
• Processing Time: Loan approval within 24 hours
• Interest Rates: Competitive rates starting from 12% per annum

Benefits:

• Unsecured loans without collateral
• Minimal documentation and quick disbursal
• Pre-approved offers for existing customers

Ideal For:

• SMEs and MSMEs seeking quick access to funds for working capital, expansion, or equipment purchase.

2. Lendingkart

Features:

• Loan Amount: ₹50,000 to ₹2 crores
• Tenure: 6 to 36 months
• Processing Time: Disbursal within 72 hours
• Interest Rates: Starts at 15% per annum

Benefits:

• No collateral required
• Digital application process with minimal paperwork
• Flexible repayment options

Ideal For:

• Startups and small businesses with limited credit history.

3. Fullerton India

Features:

• Loan Amount: Up to ₹50 lakhs
• Tenure: Flexible repayment up to 60 months
• Processing Time: Quick approvals within 48 hours
• Interest Rates: Competitive rates based on eligibility

Benefits:

• Customized solutions for small businesses
• Loans for various purposes, including expansion and inventory management
• Dedicated support for women entrepreneurs

Ideal For:

• Established businesses with consistent revenue streams.

4. Tata Capital

Features:

• Loan Amount: ₹5 lakhs to ₹75 lakhs
• Tenure: 12 to 36 months
• Processing Time: Loan processing within 48 hours
• Interest Rates: Starting from 13% per annum

Benefits:

• No collateral required for unsecured loans
• Transparent fee structure
• Option to refinance existing loans

Ideal For:

• Businesses looking for medium-sized loans for growth and expansion.

5. Aditya Birla Finance

Features:

• Loan Amount: ₹10 lakhs to ₹50 crores
• Tenure: Customizable repayment plans
• Processing Time: Swift loan approval process
• Interest Rates: Competitive, depending on loan type and tenure

Benefits:

• Wide range of loan products, including term loans and working capital loans
• Tailored solutions for various industries
• High loan limits for large-scale projects

Ideal For:

• Medium and large enterprises requiring substantial funding.

6. Indifi

Features:

• Loan Amount: ₹1 lakh to ₹50 lakhs
• Tenure: 12 to 36 months
• Processing Time: Disbursal within 48 hours
• Interest Rates: Starts from 16% per annum

Benefits:

• Industry-specific loan products
• Collateral-free loans
• Focused solutions for sectors like retail, travel, and e-commerce

Ideal For:

• Niche businesses seeking sector-focused financing.

7. IIFL Finance

Features:

• Loan Amount: ₹1 lakh to ₹50 lakhs
• Tenure: Up to 48 months
• Processing Time: Fast approvals
• Interest Rates: Starts at 13% per annum

Benefits:

• Simple application process
• Customizable repayment plans
• Special support for first-time borrowers

Ideal For:

• Small businesses and first-time entrepreneurs.

8. Hero FinCorp

Features:

• Loan Amount: ₹5 lakhs to ₹25 crores
• Tenure: Flexible terms up to 7 years
• Processing Time: Quick disbursal process
• Interest Rates: Competitive rates

Benefits:

• High-value loans for large-scale projects
• Industry-specific financing solutions
• Personalized assistance throughout the loan process

Ideal For:

• Enterprises planning large-scale expansion or significant capital expenditure.

Why Choose NBFCs Over Traditional Banks?

NBFCs offer several advantages compared to traditional banks, making them an attractive option for business loans:

1. Faster Processing: NBFCs have streamlined processes and minimal paperwork, ensuring quicker loan approvals and disbursals.
2. Flexible Eligibility Criteria: Unlike banks, NBFCs cater to businesses with limited credit history or lower turnover.
3. Customized Loan Products: Many NBFCs provide sector-specific loans tailored to the needs of different industries.
4. Collateral-Free Loans: Most NBFCs offer unsecured loans, eliminating the need for asset pledging.
5. Digital Processes: Many NBFCs have embraced technology, enabling online applications and real-time updates.

Tips for Choosing the Right NBFC in Delhi NCR

1. Assess Your Requirements: Determine the loan amount, tenure, and purpose to shortlist suitable NBFCs.
2. Compare Interest Rates: Evaluate interest rates and associated fees to find the most cost-effective option.
3. Check Eligibility Criteria: Ensure your business meets the lender’s eligibility requirements to avoid rejection.
4. Review Customer Feedback: Look for reviews and testimonials to gauge the lender’s credibility and service quality.
5. Understand Repayment Terms: Choose an NBFC that offers flexible repayment options aligned with your cash flow.

Government Schemes and NBFC Collaboration

The Indian government has partnered with various NBFCs to enhance access to business loans through schemes like:

• Pradhan Mantri Mudra Yojana (PMMY): Collateral-free loans for micro and small enterprises.
• Stand-Up India: Loans for women and SC/ST entrepreneurs.
• Credit Guarantee Fund Scheme for MSMEs (CGTMSE): Provides credit guarantee for collateral-free loans.

Conclusion

Delhi NCR’s thriving business ecosystem requires flexible and accessible financing solutions. NBFCs have emerged as a reliable option for business owners seeking quick and hassle-free loans. By understanding the features, benefits, and eligibility criteria of top NBFCs, you can make an informed decision that aligns with your business needs. Whether you are a startup, a small enterprise, or a large corporation, NBFCs in Delhi NCR offer diverse loan products to support your growth and success.