Know about the Finance and Investments Terms

Banks have always dominated this sector since time immemorial until the rise of NBFCs (Non-Banking Financial Companies) . Since the last decade or so, NBFCs have gradually become a fierce competitor for banks.

Recent researches have however suggest that the credit growth of NBFCs has been more as compared to banks in the past few years. Some of the top factors which have led to the growth of NBFCs include lower demand from the manufacturing sector, increasing non-performing assets (NPAs), strict adherence to capital adequacy norms, etc.

 Some of the top loans why you should opt for loan for doctors from NBFCs include -

More Options

Not only do NBFCs offer loan for doctors, there are various categories in it to choose from. This helps the medical professionals choose the type of loan which is best suited for their needs. Some of the types of doctor loans provided are as follows - 

Personal loan for doctors

Business loan for doctors

Home loan for doctors

Loan against property for doctors

Quick Approval 

Another reason because of which NBFCs have become a sudden favorite for opting for doctor loans is because of their quick approvals. Most borrowers when they apply for any kind of loan want the same to be approved and disbursed at the earliest. NBFCs have the upper hand here because many of them approve the loan application within 24 hours.

Read Also: NBFC vs bank: Which one Should you Choose When Opting for a Loan for Doctors?