NBFC bonds are debt instruments issued by Non-Banking Financial Companies — lenders in gold loans, vehicle finance, microfinance, MSME and personal loans. They dominate India's retail bond market: roughly half the bonds listed on online bond platforms are NBFC issues, typically yielding 9–12% depending on credit rating.
Non-Banking Financial Companies (NBFCs) are RBI-regulated lenders that fund loan books — gold loans, vehicle finance, microfinance, MSME and personal loans — partly by issuing bonds and NCDs. They are the largest issuer category on India's online bond platforms: roughly half of listed bonds come from NBFC-sector issuers. This hub groups core NBFCs together with gold-loan, personal-loan, MSME, vehicle-finance, and microfinance lenders, since all are NBFC business models. Yields typically range 9–12% depending on credit rating, with the rating and the lender's loan-book quality being the key variables to understand.
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What are NBFC bonds?
NBFC bonds and NCDs are debt instruments issued by Non-Banking Financial Companies — RBI-regulated lenders that finance gold loans, vehicles, MSMEs, microfinance, and personal loans. Issuing bonds is one of their main funding sources alongside bank borrowings, which is why NBFCs dominate bond listings on online platforms.
Why do NBFC bonds offer higher yields than bank deposits?
NBFCs cannot accept low-cost retail deposits the way banks do, so they pay market rates for funding. Their bonds also carry issuer credit risk and are not covered by DICGC deposit insurance. The combination produces yields of roughly 9–12% depending on the issuer's credit rating.
How are NBFC bonds different from bank fixed deposits?
A fixed deposit is a bank liability insured by DICGC up to ₹5 lakh per depositor; an NBFC bond is a tradeable market instrument with no deposit insurance, where repayment depends on the issuer's creditworthiness. NBFC bonds typically pay more, and their credit rating, security structure, and the lender's loan-book quality are the key risk indicators.
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Data is for informational purposes only. BondDekho is not SEBI-registered and does not provide investment advice. Bond yields and ratings are subject to change. Verify details on respective platforms before investing. Sorted by Yield to Maturity. Not a recommendation.