Frequently Asked Questions (FAQs)

A Non-Banking Financial Company (NBFC) is a financial institution registered under the Companies Act, 1956/2013, that provides banking-related services—such as loans, investments, and asset financing—without holding a full banking license. Regulated primarily by the Reserve Bank of India (RBI), they cannot accept demand deposits (like savings accounts) or issue checks.

1. NBFCs cannot accept demand deposits.

2. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on themselves.

3. The deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in the case of banks.

BharatLoan is a digital lending platform that helps salaried individuals apply for personal loans online.

BharatLoan allows users to apply for short-term personal loans ranging from ₹5,000 to ₹1,50,000 to manage urgent or planned expenses.

Salaried professionals with a stable income can apply for a personal loan. Applicants upload PAN card, salary slips, bank statements, and address proof for verification and eligibility assessment.

Your loan amount is calculated after evaluating factors like monthly salary, employment stability, and repayment capacity. This helps ensure the offered loan amount remains manageable.

Yes, BharatLoan lets you track your loan application status directly through the website and mobile app. After submitting documents, you receive updates such as verification, approval, and final disbursal.

Yes, BharatLoan uses secure systems and strong data protection measures to keep your personal and financial information safe.

OVER

1 Million +

App Downloads

OVER

₹6000 Crores

Total Loans Given

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"Beware of fraud! Always use our secure Repayment Website Link for loan payments. Do not make direct bank payments. BharatLoan is not responsible for payments made to other accounts."
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