Nbfc

Don't borrow from them.

Management of NBFCs are allowed to determine the interest rates to be charged (though it shouldn't be less than the prevailing base rate).

You can negotiate with them for the interest rates if you have a good credit track record or search for some other lender.

RBI reducing rates five times last year & once current year the cost of funds must have gone down. But my ROI remains unchanged. l have taken (LAP ) from nbfc. what to do to get it reduced from them?

I have borrowed it on floating rate.

Please communicate with the NBFC officials then. You can also get your loan account transferred to another NBFC offering better interest rate by paying a small processing fee.

I am talking to them for last one year, but I have not received any response from them. Secondly if I transfer my loan from them now I have to pay them more because of increased ROI. I was given loan at9.99%& now they're charging13.71%.

I don't understand what's the issue then?

9.99% is very cheap.