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What is an NBFC?
Benefits of the NBFC Home Loan
Differences Between the Home Loan NBFC and Bank
Get Your Home Loan at Bajaj Housing Finance Today
With the value of properties soaring beyond the reach of borrowers, owning a home is gradually becoming an impossible
task. However, there are several home loans today that can help us buy property, irrespective of what our budget might
The catch here is that borrowers must zero in on the right kind of lender who will meet their financial requirements.
Most prospective borrowers usually wonder whether they should get a home loan from a bank or an NBFC. The home
loan that are available in the market today all boast of competitive propositions that are attract hordes of customers and
borrowers, the key is to select one that is best suited for you. NBFCs are more prone to offer lower interest rates to
borrowers, than their banking counterparts. NBFC home loans are also more customisable.
Your decision should only be influenced by the factors that impact both options. NBFC loans have accumulated fame in
recent years due to borrowers being aware of its ability to rival home loans from banks. Some borrowers prefer the NBFC
home loan because of the requirements involved in the loan application process. But the debate between NBFC vs bank home
loans is always tricky.
Some borrowers like banks because of the large loan amount dispensed to them. However, that fact no longer holds true in
today’s economy, where leading NBFCs like Bajaj Housing Finance offers substantial loan amounts of Rs.5 Crore and even
more, if the borrower meets all the eligibility requirements.
This article will show you comparisons between home loans from NBFC and home loans from the bank, and why Bajaj Housing
Finance is the best NBFC for home loans.
A Non-Banking Financial Company is a financial institution that offers limited banking products and services. One major
difference between the NBFCs and traditional banks is that the NBFC cannot receive cash deposits from borrowers. This is
a privilege that banks have over NBFCs. Nonetheless, NBFCs can offer loans, underwriting services, credit facilities,
and so on to customers. In addition, NBFC home loans help borrowers buy, extend or refurbish a parcel of land or home.
Below are the benefits of an NBFC home loan:
A quick tip: The NBFC home loan interest rate for those without a fine credit rating will be considerably high.
Here are 2 major differences between the NBFC home loan and bank home loan:
Fast, easy, and reliable, the Bajaj Housing Finance offer is the best you will find anywhere in India. Not only do we
provide a Home Loan Eligibility Calculator and home Loan EMI Calculator, but we also offer a variety of pre-approved
home loan options that will really interest you.
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