Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
An NBFC is a financial institution registered under the Companies Act that offers loans, investments, and credit facilities but cannot accept demand deposits like a bank.
A lender that isn’t a bank but still gives loans — often faster but sometimes at a higher rate.
Regulated by the RBI; NBFCs often serve borrowers with thin credit files or urgent needs, with faster processing but typically higher interest than banks.
A gig worker without salary slips gets a personal loan approved by an NBFC when banks decline the application.
A lender that isn’t a bank but still gives loans — often faster but sometimes at a higher rate.
NBFC (Non-Banking Financial Company) helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.