Hello Friends, I heartily welcome you to Investments. So friends, in today’s article we will talk about the top 10 lack of Finance Companies in India.
See about the top Finance companies of India in 2024.
1. Bajaj Finserv Limited(Finance companies)
Bajaj Finserv EMI card has been in the market for more than 5 Years. Some people say that is the best card, and some people regret having brought this card. And a lot of people take it.
In the last 4-to 5 years, so many different types of cards come onto the market, Buy now pay later cards, prepaid cards, and this EMI card
But what is this EMI card and how is it different from a credit card? See, EMI cards are completely different from credit cards That is you cannot withdraw cash from an EMI card like credit cards You can use credit cards anywhere without thinking about it
But the EMI card will be applicable only at locations where Bajaj Finance has an EMI tie-up, The good thing is that Bajaj Finance has tie-ups with measure EMI E-Commerce websites like Amazon Flipkart etc.
It also has tie-ups with more than 40000 offline stores, So if you use it then there is a lot of chance that this card will work
Bajaj Finserv Limited, a part of Bajaj Holdings & Investments Limited, is an Indian financial services company focused on lending, asset management, wealth management, and insurance.
BFL’s Product Portfolio includes:
- Consumer Finance
- SME Finance
- Commercial Lending
Official Website https://www.bajajfinserv.in/
2. GIC Housing Finance Ltd.
The features of housing loans are as follows: Here you will get the Track My Loan feature. By following this you can easily pay your home loan, you can get the EMI fixed at your convenience step off your EMI, and pay the loan on time.
You will also get the facility of the March loan. The features of GIC Housing Finance Limited’s Apna Ghar Yojana Loan i.e. Individual Housing Loan are as follows: You can take the loan for a maximum of 30 years. Next, you can take a loan for a property valued between Rs 30 lakh to Rs 75 lakh.
Home loans will be available at Rs 75 to Rs 90. The interest rate on a GIC Individual Housing Loan is variable at 88.8. To deposit the main replacement EMI of the Next Loan, you can avail of the facility of ECS or below or post-state check.
GIC Housing Finance Ltd, headquartered in Mumbai, Maharashtra, is a subsidiary of General Insurance Corporation of India operating in the retail loan segment.
GICHFL Product Portfolio includes:
- Affordable housing loans
- Pradhan Mantri Awas Yojana Housing (PMAY)
- Non-Housing Loans (against housing property or commercial loans)
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3. IDFC First Bank Ltd
IDFC First Bank offers diversified asset profiles and has a substantial retail consumer base of 1 crore, including live and rural customers. It is also a leading partner in government-initiated road transport projects (FASTag).
IDFC First Bank Credit Card
The most important feature of this card is that it has no joining fee or annual fee, Which means it is a lifetime-free credit card.
That means you will have to pay 350, The best feature of it is that if you open Paytm movie And go to the PM Paytm movie options and book any movie ticket you get a buy one get one feature you can available this feature twice a month.
Which means suppose you book any movie ticket (Let suppose the ticket cost Rs 200) So you will have to pay rupees 24 the first ticket and we you get the second ticket worth Rs 200 for free so you can do this twice a month but the term and condition is that you can only take cashback of 250 per month for example if the movie ticket is rupees 300 rupees then you will get maximum 250 back in for the second ticket.
IDFCFB Product Portfolio includes:
- Personal banking services like Savings accounts, Deposits, Loans, Investments, Insurance, Payments, Cards, and Forex
- Business banking services like Accounts and deposits, Cash management services, Loans, Business investment solutions, Trade Forex services, and Cards
4. HDFC Bank Limited
HDFC Bank Limited is an Indian banking and financial services company, headquartered in Mumbai, Maharashtra.
I want to able alone many times you must have seen that whenever we apply for a home loan or whenever we apply for a car loan the rate of interest on this type of nose is between 8 to 10% but suppose I applied for a personal loan started from the minimum of 10% and their rate of interest can go up to 25% to 30% to 35% there are no limit. But why it’s like this? If a home loan rate of interest is 8%.
why the rate of interest on a personal loan is so high?
The reason is the home loan is a secured loan the car loan is also a secured loan but the personal loan is unsecured.
HDFC’s Product Portfolio includes:
- Housing Loans, Non-Housing Loans, Loans for NRI/PIO
- Affordable Housing through HDFC Reach Loans
- Affordable homes through Pradhan Mantri Awas
5. Indiabulls Housing Finance Limited
Indiabulls Housing Finance Limited is a mortgage lender headquartered in Gurugram, Haryana, India. IHFL’s Product Portfolio includes:
- Home Loans
- MSME Loans
- Loan against property (LAP)
6. L&T Financial Services (LTFS),
One of India’s leading Non-banking finance companies brand, L&T Financial Services (LTFS), offers a diverse range of financial products and services across rural, housing, and infrastructure finance sectors.
LTFS’s Product Portfolio includes:
- Two-wheeler finance
- Housing finance
- Mutual funds
- Farm equipment finance
- Wealth management
- Real estate finance
- Infra Finance
7. LIC Housing Finance Limited
LIC Housing Finance Limited is one of India’s largest Housing Finance Mortgage loan companies, having its Registered and Corporate office in Mumbai.
LIC HFL’s Product Portfolio includes:
- Home Loans
- Corporate/Project Loans
- Special Loans (against property, security, to professionals, for company property, rental securitization)
8. Mahindra & Mahindra Financial Service Limited
Mahindra & Mahindra Financial Services Limited is a rural NBFC headquartered in Mumbai, India.
Mahindra Finance’s Product Portfolio includes:
- Vehicle Financing
- SME Financing
- Personal Loans
- Insurance Broking
- Housing Finance
- Mutual Fund Schemes
9. Muthoot Finance Ltd.
Muthoot Finance Ltd. is an Indian financial Career Guide.com corporation and the largest gold loan NBFC in the country.
Muthoot Finance’s Product Portfolio includes:
- Gold Loans
- Money Transfer
- Foreign exchange services
- All types of insurance
- PAN CARD and its updates
- Mutual funds
- Housing finance
- Personal loan
- Loans against security
10. PNB Housing Finances Ltd.
A banking housing finance company, PNB Housing Finance Ltd., is registered with the National Housing Bank (NHB).PNB Housing Finance Ltd. is headquartered in New Delhi.
PNB Housing Finance’s Product Portfolio includes:
- Home loans
- Non-Home loans
- Fixed deposits
- Property Search
The NBFC business in India is growing very fast. By the end of 2023, it is estimated that the size of the NBFC company will be US$ 326 billion.
The main reason for such increasing demand is the special Financial services provided by non-banking lenders, which are fulfilling the increasing demand for money in small businesses and micro businesses. Many small and micro-cap businesses are facing their financial problems.
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