Understanding Non-Banking Financial Companies (NBFCs)
Non-Banking Financial Companies (NBFCs) play a crucial role in India’s financial ecosystem. Unlike traditional banks, NBFCs offer a range of financial services such as loans, asset financing, investment products, and insurance. They're especially helpful for individuals and small businesses that may not meet the strict criteria of banks. With easier application processes and flexible loan options, NBFCs have become a preferred choice for borrowers looking for quick and convenient funding solutions.
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