Personal Finance How advisable is it to take loans from NBFCs? Updated : September 22, 2020 11:08 PM IST Borrowers can take loan from both banks and non-banking financial companies (NBFCs). While both of these have their own set of pros and cons, an applicant should make an informed choice after analyzing several factors. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.