Top NBFCs Offering Personal Loans Without Collateral (2025 Updated List)

In 2025, Non-Banking Financial Companies (NBFCs) in India have become pivotal in providing unsecured personal loans. These loans, which don’t require any collateral, are ideal for salaried professionals, self-employed individuals, and those with limited credit history. NBFCs often offer faster approvals, flexible repayment options, and a more lenient approach to credit scores compared to traditional banks.

1. Tata Capital

Loan Amount: Up to ₹35 lakh
Interest Rate: 11.99% to 29.99% p.a.
Tenure: Up to 6 years
Key Features: Overdraft facility, no penalty on part-prepayment, minimal documentation, and instant approval. Investkraft+2Bankbazaar+2Bankbazaar+2 Buddy Loan

2. Bajaj Finserv

Loan Amount: Up to ₹40 lakh
Interest Rate: 11% to 38% p.a.
Tenure: Up to 7 years
Key Features: Quick disbursal, flexible repayment options, and a user-friendly online application process.

3. Aditya Birla Finance

Loan Amount: Up to ₹50 lakh
Interest Rate: 13% to 28% p.a.
Tenure: Up to 5 years
Key Features: High loan amounts suitable for various needs, including debt consolidation and large expenses. Buddy Loan mint+9Bankbazaar+9Moneyview+9 Reuters+1Investkraft+1

4. IIFL Finance

Loan Amount: ₹5,000 to ₹5 lakh
Interest Rate: 12.75% to 44% p.a.
Tenure: Up to 3 years
Key Features: Aadhaar-based eKYC, minimal documentation, and quick disbursal within 8 hours. Bankbazaar

5. HDB Financial Services

Loan Amount: Up to ₹20 lakh
Interest Rate: Varies based on profile
Tenure: Up to 5 years
Key Features: Doorstep service, special offers for employees of select companies, and no requirement for security or guarantor. mint Bankbazaar

6. Cholamandalam Investment and Finance Company

Loan Amount: Up to ₹5 lakh
Interest Rate: 15% p.a. (fixed)
Tenure: Up to 5 years
Key Features: Collateral-free loans with convenient repayment options and a wide presence across India. The Economic Times+3Bankbazaar+3mint+3 mint

7. Mahindra Finance

Loan Amount: ₹50,000 to ₹50 lakh
Interest Rate: Based on eligibility
Tenure: Up to 3 years
Key Features: Quick approval and disbursal, with repayment options through various channels. Paisabazaar+2Moneyview+2Bankbazaar+2 Bankbazaar

8. Muthoot Finance

Loan Amount: Starting from ₹5,000
Interest Rate: 14% to 22% p.a.
Tenure: Varies based on loan amount
Key Features: Extensive branch network, catering to small businesses and individuals with flexible loan options.

9. Navi

Loan Amount: Up to ₹20 lakh
Interest Rate: 9.9% to 45% p.a.
Tenure: Up to 6 years
Key Features: 100% digital process with instant approval and no processing fees. Buddy Loan

10. KreditBee

Loan Amount: Up to ₹5 lakh
Interest Rate: Up to 29.95% p.a.
Tenure: Up to 2 years
Key Features: Quick loan disbursal, minimal documentation, and suitable for young professionals. Buddy Loan+1Bankbazaar+1

Final Thoughts

NBFCs have revolutionized the personal loan landscape in India by offering unsecured loans that are accessible, flexible, and quick to process. Whether you’re a salaried individual, a self-employed professional, or someone with limited credit history, these NBFCs provide viable options to meet your financial needs without the hassle of collateral.The Economic Times