Why Personal Loans Are Preferred by NBFCs Over Banks
Personal loan (PL) has improved significantly as a result of the NBFC sector’s remarkable growth in India during recent years. The market share of NBFCs in PLs increased from 22.68% in March 2018 to 44.92% in March 2020, according to the credit information bureau. The market share was 42.16% in August 2020. Unsecured loans from […]
NBFCs Vs. Banks for Business Loans
Recently, NBFCs have taken a lead in providing business loans. Despite economic up-downs, they have remained the preferred choices for retail lending. And still, due to less stringent terms and procedures these non-bank financial institutions continue to hold a major share in business loan financing. NBFCs don’t accept demand deposits but they can simply lend […]