Took loan against property from an NBFC? Shift it to a bank to cut down EMI

If you have missed payments and need funds, approach online fintech platforms

Lenders have started tightening norms in the loan against property (LAP) segment, popular with entrepreneurs and small-and medium-enterprises (SMEs). The segment is witnessing higher defaults. In the third quarter of 2018, the delinquencies were 73 basis points higher than the year-ago period, according to a report by Transunion Cibil. 

The data is prior to the liquidity crisis the non-banking finance companies (NBFC) faced, after which these lenders raised rates, and stopped lending to a certain segment of borrowers. "The micro, small & medium enterprises (MSME) are facing stress as they don't have adequate business from their clients, which are large