Personal Loan for Non-Listed Companies

Anyone can apply for a personal loan purely on the basis of their CIBIL score, past credit history track record, and income. However, the rate of interest may vary as it will entirely depend on your credit history. It is easier for a salaried individual working in public or a private company to avail a loan. For individuals working in a non-listed company, there is a good chance that the rate of interest offered on the personal loan will be comparatively higher than it is for those working in public companies. So, it is best to apply for a loan at a Non-Banking Financial Company (NBFC) that offers loans for employees working for non-listed companies.

Why Non-listed companies should choose NBFCs?

The best way to avail a personal loan for Non-Listed Companies is by approaching NBFCs for the same. The loan amount offered by banks is comparatively low and it is subject to certain conditions which makes opting for an NBFC quite convenient. These public sector banks may deny loans for individuals working in a non-listed company. By applying for a loan at an NBFC you can evaluate the repayment capacity based on your monthly income and also your relationship with the firm. Also, there is a set of rules to determine the loan eligibility criteria, which includes background verification, credit history, and the length of employment in your present company.

Eligibility Criteria

The following are the loan eligibility criteria for a personal loan:


23 years to 58 years


Salaried (MNC, Private company, Public company)



Documents required

The following are the documents required to avail a personal loan for Non listed companies:

  • KYC documents such as Aadhaar card, voter ID card and driving license.

  • Your last 2 months salary slips from the current employer

  • Bank account statement of the last 3 months

  • Your employee ID card as a proof of employment

CIBIL score

Your CIBIL score is a reflection of the information mentioned in your CIBIL credit report. Maintaining a good CIBIL score is quite important in order to get a loan with ease. Banks and NBFCs rely on the credit report to determine the potential risks associated with the loan they offer to a borrower. Therefore, it is important to maintain a decent credit score in case you are employed in small to medium range companies. If your score is low, the lender will see you as someone who is not creditworthy and indisciplined with their payments. To maintain a good CIBIL score you need to make all your loan repayments and credit card outstanding paid on time.

For more insights on loans for employees of non-listed companies, you can visit the concerned NBFC and inquire about the offers and discounts. Even if you are working for a non-listed firm it does not imply that you should opt for any of the easily available loans. Always keep in mind that loan negotiations are based on your monthly income and the credibility of the information you provide at the time of the loan application.

How to apply for a personal loan at Finserv MARKETS

Online loan application

To apply for a personal loan, you must visit the website and fill in an online loan application form. Where you are required to provide your personal and employment details along with the relevant documents.

Fill in the loan details

You need to specify the loan amount you require and choose the loan repayment tenure. At Finserv MARKETS, you can avail a loan of up to Rs. 25 Lakhs. The repayment tenure for the loan ranges between 12 – 60 months.

Verification, approval, and disbursal of loan

Once you’ve successfully uploaded your documents and stated your loan requirements, the lender will run a check on your CIBIL score and verify the documents provided. After the loan application is approved and the sanctioned amount will get disbursed to your bank account. The loan could be approved in a day given that there’s not much documentation and collateral required on the loan.

Before applying for a loan you need to check whether you fulfill the basic eligibility criteria of a loan. You can take the help of a Personal Loan Eligibility Calculator to check and calculate your eligibility.

By applying for a Bajaj Finserv personal loan, you can also enjoy benefits such as online account access, pre-approved offers, and a flexible loan tenure. Your loan application can be approved within minutes and the loan amount can be disbursed in your bank account within 24 hours.

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