Why to take Loans from only Mobile Apps that are RBI registered NBFCs and not any Mobile App on the Playstore
It is important to take loans only from mobile apps that are registered with the Reserve Bank of India (RBI) as Non-Banking Financial Companies (NBFCs) for several reasons: 1. Legal and Regulatory Compliance Only mobile apps that are registered with the RBI as NBFCs are legally compliant and operate within the regulations set by the […]
Why take Loans only from RBI registered NBFCs and Banks
The following are the reasons to take loans only from RBI registered NBFCs and Banks: 1. Regulation and Oversight Loans from RBI registered NBFCs and banks are regulated and overseen by the Reserve Bank of India (RBI). This means that they are subject to strict guidelines and regulations that help protect consumers from predatory lending […]
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 […]