Aditya Birla Business Loan
About Aditya Birla
Aditya Birla Finance Limited (ABFL) is one of the largest private diversified Non-Banking Financial Companies (NBFCs) in India. Being a leading financial services company that also ranks among the top 5 NBFCs in the country, ABFL offers end-to-end lending and wealth management solutions to a wide range of customers: retail, HNI, ultra HNI, micro enterprises, SME, mid and large Corporates. The subsidiary of Aditya Birla Financial Services Group (ABFSG), ABFL was incorporated in 1991. Today, ABFL offers diversified customised solutions including personal loans, business loans, mortgages, corporate finance, capital market-based lending, structured finance and wealth management.
What is Aditya Birla Business Loan
The ABFL Business Loan is available as an unsecured business loan for individuals as well as non-individual entities. Whether you are a self-employed entrepreneur, a trader, a manufacturer, and/or a firm/company, you can avail a customised business loan for a start-up and/or business expansion without pledging collateral. The Aditya Birla Finance business loans cater to all forms of financial needs of businesses ranging from Capital Requirement to Debt Consolidation to Asset Acquisition.
Why apply for Aditya Birla Business Loan
- Unsecured business loan available for start-ups as well as established entities, i.e. no loan security or collateral required
- Loans available up to 1 Crore
- Fixed rate of interest
- Flexible tenure from 1 to 4 years
- Automate repayments via ECS or NACH
- Customisable EMI options available
- Minimum documentation required
Aditya Birla Business Loan Eligibility Criteria
- Self-employed Entrepreneurs (Traders/ Non- Individual Entities/ Individual Entities/ Companies/ Manufacturers)
- Min. Age - 27 years at loan sanctioning; Max. Age - 65 years at loan maturity
- Minimum cash profit should be 10 Lakhs
- The business should have been in operation for a minimum period of 3 years.
- Clear repayment history in all the running or previously closed loans.
- Good credit score.
Documents Required for Aditya Birla Business Loan
The following are required for applying for Aditya Birla Business Loan:
|List of Documents|
Duly filled application form along with a photograph signed across
Audited financials for the last 2 years
Income Tax Returns filed for the last 2 years
Bank statement for the last 6 months
KYC documents (Identity and Address proof)
Income from other sources (If one plans to take a loan amount higher than his/her eligibility)
BEST BUSINESS LOAN OFFERS FROM OTHER BANKS
Total Interest Payable
Total of Payments
(Principal + Interest)