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NBFC Loan — Quick Overview

Everything you need to know about Indifi's NBFC loan product – upfront, transparent, and in one place. Use this table to compare before you apply.

NBFC loan quick overview
Parameter Value
Loan Amount Up to ₹50 Lakhs
Interest Rate From 1.5%/month (18% p.a.)
Loan Tenure 3 – 36 months
Processing Fee Up to 4% of the loan amount
Collateral Required None – 100% Unsecured
Pre-closure Charges 4% of the outstanding amount
Disbursal Time 1 – 3 business days
NBFC Partners 15+ RBI-regulated lenders
Min. Turnover Required ₹12 lakhs and above (depends on lender assessment)

*Rates are indicative and subject to change based on borrower profile and lender policies.

What is an NBFC Business Loan?

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act and regulated by the Reserve Bank of India. Unlike a bank, an NBFC cannot accept demand deposits or issue cheques. It does, however, provide loans and credit facilities, often with more flexible terms than traditional banks. Banks frequently reject MSME applications because applicants lack collateral, have short business histories, or cannot provide years of audited financial statements.

NBFCs fill this gap. Their eligibility norms are lighter, their processes are digital, and their underwriting models look at the full picture of a business – not just its assets. Indifi is not an NBFC itself. It is a technology lending platform that connects your business to a network of 15+ RBI-regulated NBFC lending partners, including its own RBI-registered NBFC. When you apply, Indifi's AI-matching engine analyses your business profile and automatically identifies the best-fit lender from its network, helping you identify suitable lending options based on your business profile.

Why Businesses Prefer NBFC Loans

  • No collateral or asset pledge required
  • Faster disbursal: 1–3 days versus weeks at many banks
  • Eligibility suited to MSMEs with a 1-year+ vintage
  • Flexible repayment options available
  • AI-driven assessment beyond credit scores
  • Pre-approved limits for eligible repeat borrowers
  • Completely digital application journey
  • Access to 15+ lenders through a single application

Types of NBFC Loans Available

Choose the right NBFC loan structure for your business needs, from one-time term loans to revolving credit lines.

  1. Business Term Loan

    A fixed loan amount repaid in equal monthly EMIs over a tenure of 6 to 36 months. Best for businesses planning expansion, renovation, or a one-time capital outlay.

  2. Working Capital Loan

    A short-tenure loan that covers day-to-day operational costs: payroll, inventory, rent, and vendor payments. Ideal for businesses with seasonal revenue patterns that need regular liquidity.

  3. Flexi line of Credit

    A revolving credit facility that lets you draw funds, repay, and draw again, with interest charged only on the amount you actually use. Best for businesses with irregular or unpredictable cash flows.

NBFC Loan Eligibility

Our eligibility criteria are designed to support India's growing MSME sector, making business funding more accessible than traditional lending channels.

Eligible Business Entities

  • Sole Proprietorship
  • Partnership Firm
  • Limited Liability Partnership (LLP)
  • Private Limited Company
  • One Person Company (OPC)

Eligibility Criteria

NBFC loan eligibility criteria
Criterion Minimum Requirement
Applicant Age 22 – 65 years
Business Vintage Minimum 1 year in operation
Annual Turnover 12 lakhs and above
GST Registration Valid GST registration and filings
Revenue Trend Positive trend in business revenue
Credit History No active NPA or major defaults

Documents Required for NBFC Loan

Indifi requires minimal documentation. Start with three core documents; additional documents may be requested during the verification process.

Identity Proof

  • PAN Card (mandatory)
  • Aadhaar Card of the applicant
  • Aadhaar Card of promoters/directors

Address Proof

  • Aadhaar Card
  • Passport or Voter ID
  • Recent utility bill

Business Proof

  • GST Registration Certificate
  • Business Registration Certificate
  • Incorporation Certificate (where applicable)

Bank Statements

  • Last 6 months' business bank statements
  • Current account statements preferred
  • Used for cash flow assessment

Financial Documents

  • GST returns for the last 12 months
  • ITR (for turnover above ₹5 Crores)
  • Board Resolution (for companies)

Why Fewer Documents?

NBFCs use AI-based underwriting models that analyse banking transactions and GST data digitally. This reduces paperwork requirements and enables faster loan processing compared to traditional bank lending.

NBFC Loan Interest Rates & Charges

All fees are disclosed upfront, ensuring complete transparency with zero hidden charges.

NBFC loan interest rates and charges
Fee / Charge Rate or Amount Notes
Interest Rate 1.5% – 2%/month (18%–24% p.a.) Based on the business profile and the lender
Processing Fee Up to 4% of the loan amount Deducted from disbursal
Pre-closure Charges 4% of outstanding After the lock-in period
Documentation Fee Nil No hidden charges
Stamp Duty At actuals As per state regulations
Late Payment Penalty As per the loan agreement Pay on time to avoid

Rates are indicative and subject to change based on borrower profile and lender policies.

EMI FORMULA

EMI = P x r x (1+r)^n / [(1+r)^n - 1]

  • P = Principal loan amount
  • r = Monthly interest rate (Annual ÷ 12)
  • n = Tenure in months

Example: ₹10L loan · 1.5%/month · 24 months → EMI ≈ ₹49,924/month

Use Business Loan EMI Calculator

How to Apply for an NBFC Loan Online

Complete your NBFC loan application in 4 steps, under 10 minutes.

How to apply for an NBFC loan online
Step Action Time Required
Step 1: Apply Digitally Enter your business details, annual turnover, and contact information online. There is no need to visit a branch or complete lengthy paperwork. 3 Minutes
Step 2: Upload Documents Upload PAN, Aadhaar, GST returns, and bank statements securely through the online platform. Documents can be uploaded as PDFs or photographs. 3 Minutes
Step 3: NBFC Partner Matching Indifi's AI-powered engine analyses your profile and matches you with the most suitable lender from its network of 15+ RBI-regulated NBFC partners. Instant
Step 4: Funds Disbursed in 1–3 Days Once the loan is approved and documents are e-signed, the sanctioned amount is transferred directly to your business bank account. 1–3 Business Days

Documents You'll Need

  • PAN & Aadhaar Card
  • Bank Statements (6 Months)
  • GST Registration & Returns

Why Businesses Choose NBFCs via Indifi

  • Funds in 1–3 days

    Eligible businesses may receive funds within 1–3 business days after approval. Indifi's technology-driven matching removes the weeks of waiting that a traditional bank application typically involves.

  • 100% Collateral-free

    Business assets and personal property are never pledged. Loan decisions are based on your business performance – bank statements, GST filings, and revenue trends – not your net worth.

  • 15+ NBFC Partners

    One application gives you access to multiple NBFC offers. Indifi's AI matching finds the best-fit lender from 15+ RBI-regulated NBFCs, so you get competitive terms without multiple applications.

  • Relaxed Eligibility

    Minimum 1-year business vintage, annual turnover depending on the lender, and a valid GST registration. These criteria are designed for MSMEs that do not yet qualify for bank credit.

  • Zero Hidden Charges

    All applicable costs, including interest rates, processing fees, and pre-closure charges, are disclosed upfront before loan acceptance.

  • 100% Digital Process

    No branch visit at any stage. Apply, upload documents, review offers, and e-sign from your phone. The entire process takes under 10 minutes.

What Our Borrowers Say

"Overall, mera experience Indifi ke saath kaafi accha aur satisfying raha. Process smooth, quick aur hassle-free tha. Team supportive aur professional thi, jisne poora kaam easy aur transparent banaya. Main Indifi ki service se impressed hoon aur definitely recommend karungi."

Pooja D

S G D Timbers · Hassan

"Overall experience bahut acha raha aur journey bhi smooth thi. Har step par proper support mila, jis se pura process easy ho gaya."

Lucky Malik

Khatuwala Frozen Solution Pvt Ltd · Delhi

"Mera overall experience kaafi positive raha aur journey bahut achhi thi. Process well-managed tha aur support bhi timely mila."

Geeta Gushain

Global Spares · Delhi

Frequently Asked Questions About NBFC Business Loan?

An NBFC (Non-Banking Financial Company) is a financial institution registered under the Companies Act and regulated by the RBI. While it is not a bank, it can provide loans and other financial services. NBFCs are often preferred by MSMEs because they offer faster approvals, simpler processes, and more flexible eligibility criteria than traditional banks.

NBFC loans offer several advantages, including collateral-free funding, faster disbursal within 1–3 business days, flexible eligibility criteria, and a fully digital application process. Compared to bank loans, which can take 2–4 weeks for approval and may require collateral, NBFC loans provide quicker access to working capital for growing businesses.

No. Indifi is a technology-enabled lending platform and not an NBFC. It connects businesses with 15+ RBI-regulated NBFC lending partners. Indifi's AI-powered matching engine evaluates borrower profiles and helps identify suitable lenders, simplifying the loan application and approval process.

NBFC loan interest rates through Indifi start from 1.5% per month (18% p.a.). The final rate depends on factors such as business turnover, repayment capacity, credit profile, loan tenure, and lender policies. Businesses can use the EMI calculator to estimate monthly repayments before applying.

Yes. RBI-regulated NBFCs operate under regulatory guidelines designed to protect borrowers. Indifi follows robust data security standards, including ISO 27001 and PCI DSS compliance. Customer information is encrypted, and lending partners follow applicable RBI guidelines and Fair Practices Code requirements.

Eligible businesses may receive funds within 1–3 business days after approval, depending on lender assessment and documentation completion. This is significantly faster than traditional bank loans, which may take several weeks to complete approval and disbursal.

NBFC business loans offer several benefits, including paperless applications, minimal documentation, no collateral requirements, flexible loan structures, faster approvals, digital processing, and access to funding for businesses with only one year of operating history. Some lenders may also offer pre-approved limits to existing borrowers.

Yes, in some cases. NBFCs often use a holistic assessment approach that considers factors such as bank transaction history, GST compliance, revenue trends, and business performance. While a CIBIL score of 650 or above is generally preferred, businesses with strong financials may still qualify even with a lower score.

If you have other queries, check our FAQ section

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