Aditya Birla Business Loan

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About ADITYA BIRLA BUSINESS LOAN

Aditya Birla Finance Limited is one of the top 5 Non-Banking Financial Corporations (NBFCs) in India. With an unmatched quality of financial services to the customers, ABFL caters to a diverse group of customers, which include retail, HNI, ultra HNI, micro enterprises, SME, mid and large Corporates.

Since 1991, ABFL has been serving customers with a variety of products and services like secured and unsecured business loans, personal loans, a line of credit, working capital demand loan, supply chain financing solutions, invoice discounting, so on and so forth.

ABFL extends both secured and unsecured loans to businesses and individuals. A self-employed entrepreneur, a trader, a manufacturer, and/or a firm/company can take a secured or unsecured business loan to meet their working capital requirements or to expand their business or just to increase the liquidity of the company.

Why Aditya Birla Business Loan?

  • Flexible tenure: A business loan from ABFL provides the borrower with a flexible tenure to repay the loan. The loan tenure ranges from 12 months to 36 months.
  • No security is required: ABFL gives collateral-free loans to the borrowers.
  • Repayment mechanisms: A business loan taken from ABFL can be repaid either through ECS or through NACH.
  • Loan amount: ABFL extends a business loan up to 15 Lac to businesses or individuals to meet their working capital requirements.
  • The rate of interest: The most significant advantage of ABFL business loan is that the interest rate is fixed, which in turn makes the calculation of EMIs easy.

ALL ABOUT ADITYA BIRLA BUSINESS LOAN

 Loan Tenure

  • 1 Year to 3 years

 Loan Amount

  • Up to 15 Lac

 Loan Turnaround Period

  • 3 -7 days

 Who can apply?

  • MSME's engaged in manufacturing, services, retail or wholesale trade activities

 Processing fee

  • Up to 2% of the loan amount

Aditya Birla Business Loan Interest Rates, Charges and Fees

The rate of Interest varies greatly according to the credit profile of the business owner. Short Term Reference Rate (STRR) of ABFL is 16.60% p.a. while Long Term Reference Rate (LTRR) is 17.35% p.a. with effect from 10th August 2018. The floating interest rate on your loan is affected by the change in this rate.

 

Interest Rate

Loan Amount

Processing Fee/Administration Fees

Tenure

14 - 21%

Upto 15 Lacs

2%

3 Years

Other Charges

Prepayment Charge

2% of the amount prepaid

Default Penal Interest Rate

2% every month or 24 % p.a.

Cheque Return/ ECS Failure Charge

750

Swap Charges

3 % of loan outstanding

Accrued Interest

As per actual delayed status

Types of Aditya Birla Business Loan

  1. Instant Business Loan: Aditya Birla provides its customers with instant Business Loan which can be applied online in 3 simple steps. Customers can avail a business loan online for up to 15 lakh without the need of visiting any branch. The interest rate to avail such a loan starts from 14% p.a.
  2. Unsecured Business Loan: An Unsecured Business Loan is taken by a borrower without pledging any security or collateral. The unsecured Business Loan by Aditya Birla is a right product for anyone who wants funding to expand or start a new business or need cash to meet the working capital requirements.
  3. Secured Business Loan: As the name suggests, the borrower is required to deposit some collateral to back the Secured Business Loan from Aditya Group.
  4. Working Capital Demand Loan: Businesses don't always have cash at their disposal to meet the operational overheads, and sometimes the operational overheads may be more than the revenue. ABFL gives Working Capital Demand Loan only to businesses that have a good credit score. The business can use the funds according to their needs.
  5. Supply Chain Financing Solutions: All businesses have receivables and dues from other businesses or individuals. ABFL discounts those receivables to help the business to increase their liquidity.
  6. The line of credit: It is an easy cash facility where in the applicant and the lender come to an agreement to provide the borrower with a line of credit up to a certain limit agreed by both. Also, the borrower can stop the line of credit if he feels that the business can do well without a line of credit. The interest is charged only on the amount which is borrowed and not on the limit which was decided.

Aditya Birla Business Loan Eligibility Criteria

Age

 

  1. Minimum- 23 years
  2. Maximum- 55 years

Who can apply?

 

  1. Sole Proprietorship
  2. Partnership Firm
  3. Private Limited Companies
  4. Closely Held Public Listed Companies
  5. Societies
  6. Trusts

Business Profitability

Business should be in earning position for at least 3 consecutive years.

Company Financials

Complete financials including Balance sheet and Profit & Loss Statement for the last 2 years as well as Tax audit reports.

Credit Score

Good Credit Score ( approx. 650 and above)

  • Interest Rate 18% - 19%
  • Loan Amount 1L - 1Cr
  • Processing Fee 2%
  • Tenure4 Years

  • Quick Apply

Documents Required for Aditya Birla Business Loan

Documents Required for Aditya Birla Business Loan

 Identity Proof 

A copy of any one of the following:

  • Aadhar Card
  • Passport
  • Voter's ID Card
  • PAN Card
  • Driving License

 Address Proof

A copy of any of the following:

  • Aadhar card
  • Passport
  • Voter's ID card
  • Driving license
  • Ration card

 Bank Statements

  • Bank Statement of last 6 months
  • Latest ITR Forms
  • Balance Sheet and P & L Statement for previous 2 years audited by CA

 Continuation Proof

  • 5 year old ITR/ Trade License/ Establishment/ Sales Tax Certificate

 Other Documents

  • Sole Prop. Declaration Or Certified Copy of Partnership Deed;
  • Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)

Other products and services by Aditya Birla

Aditya Birla Finance Limited is one of the top financial institutions in India. Headquarters of the Aditya Birla group are situated in Mumbai, Maharashtra. The financial institution has branches across the length and breadth of the nation.

Other Aditya Birla Products and Services

Mutual Funds

Wealth Management

Portfolio Management Services

Pension Funds

Stocks and Securities

Real Estate Investment

Life Insurance

Health Insurance

Travel Insurance

Motor Insurance

Home Loan

Personal Loan

SME Finance

Real Estate Finance

Loan Against Securities

 

How to calculate Aditya Birla Business Loan EMI?

MyMoneyMantra offers the closely accurate EMI Calculator to its users so that they can instantly calculate the Equated Monthly Instalment (EMI). The online calculator also helps you to compare the interest rate and other charges offered by different banks or financial institutions. You can thus conveniently analyze whether Aditya Birla Business Loan rates are high or low in comparison to other financial institutions.

Let us check out the steps of calculating EMIs through MyMoneyMantra's EMI calculator:  

  • Open your preferred browser in your Smartphone, Desktop, PC or any other electronic device.
  • Go to MyMoneyMantra and select any loan for which you want to calculate EMI's or simply go to https://www.mymoneymantra.com/calculator.html.
  • The opened window shows a calculator, fill all the information asked there such as Loan amount, interest rate and tenure and click the calculate button.

EMI calculator will give you an EMI amount on your screen, which you have to pay either monthly or quarterly.

Why Apply for Aditya Birla Business Loan on MyMoneyMantra?

Borrowers looking for Aditya Birla Business Loan don't need to go anywhere other than MyMoneyMantra.com. MyMoneyMantra instantly checks your eligibility for a business loan. Also, you can mention the loan amount that you want, and MyMoneyMantra instantly shows you quotes from different banks customized just for you. From there you can choose Aditya Birla Business Loan. MyMoneyMantra brings a lot of other benefits as well:

  • Fast eligibility check: MyMoneyMantra checks your eligibility for Aditya Birla Business Loan based on your credit profile.
  • Customized Quotes: Applicants who qualify for a Business Loan enjoy customized quotes and cheaper loan rates on MyMoneyMantra.
  • Hassle Free Documentation: Documentation at MyMoneyMantra is minimal which in turn reduces the loan turnaround time.
  • Assured Privacy: All the information provided by the borrower about the business remains confidential and will never be leaked to any third party. Also, the loan application is forwarded straight to Aditya Birla Finance Limited's concerned department.
  • E-Approval Facility: Every Aditya Birla Business Loan applicant at MyMoneyMantra.com enjoys instant approval for loan.

MyMoneyMantra helps customers to avail loan facility quickly, and in doing so, it assures them of quality service and outstanding after sales services. MyMoneyMantra scans your profile deeply to measure your creditworthiness. Also, MyMoneyMantra follows all the rules and regulations laid down by RBI.

How to Apply for Aditya Birla Business Loan on MyMoneyMantra?

MyMoneyMantra makes it extremely easy for the user to apply for a business loan on MyMoneyMantra.com. Just follow the below mentioned steps to successfully apply for Aditya Birla Business Loan:

  • Open MyMoneyMantra on your device
  • Search business loan on the page and click on it
  • The new page opened will ask you to provide the type of employment which may be salaried, self-employed or self-employed professional.
  • The next step requires you to enter your first and last name
  • Enter your e-mail address
  • Select the city of your residence
  • Select the type of business which may be a private limited company, partnership or proprietorship
  • Carefully enter the annual income because it will affect your interest rate and the quantum of the loan as well
  • Put some thought into the loan amount that you want to borrow because you have to repay the loan as well. So enter that amount which you need.
  • Provide your mobile number. Here you will receive notifications regarding your loan application.
  • Accept the terms and conditions
  • Hit "show me the best offers" to browse through the various business loan offers
  • Mymoneymantra will send an OTP to your number
  • Enter the OTP, and you will be redirected to a new page where you will see business loan quotes from other financial institutions as well
  • From here choose Aditya Birla to avail a business loan

Aditya Birla Business Loan Customer Care

Customer servicing is an important part of any business, and Aditya Birla Finance Limited understands it very well. The customer care cell of ABFL is very competent, responsive, courteous and fluent in both English and Hindi.

Toll-Free Customer Care Number for Aditya Birla Finance Limited is 1-800-270-7000

The customer care cell is active on all working days from 10 am to 6 pm (Monday to Saturday, except national holidays). Apart from the toll-free number, you can also drop an e-mail seeking assistance or regarding any query or complaint. Mail to: care.finance@adityabirlacapital.com

If you have sent anemail regarding any complaint or query, you can expect a call or reply from them within 3 working days. These qualities make Aditya Birla Business Loan Customer Care one of the best in the business. If you still have any unanswered queries, you can always go to the nearest branch.

Latest News on Aditya Birla

Vakrangee Limited  ties with Aditya Birla Finance Limited for Personal and Business Loans Distribution

Vakrangee Limited has recently entered into an agreement with Aditya Birla Finance Limited for quality distribution of personal as well as a business loan to customers with its VakrangeeKendras.  


Acquisitive Indian billionaire says he is hungry for more deals

Chairperson of the Acquisitive Indian Conglomerate,Mr Kumar MangalamBirla says he needs more deals after creating India?s biggest Mobile operator. He continues to look at opportunities across Europe, the US, India, and many other countries. Mr. Birla owns a Company with a net worth 44 billiondollars, which offers everything such as insurance toSIM cards. He truly spearheads India's emergence as a mergers-and-acquisitions powerhouse.

 

Aditya Birla and Varde to jointly invest $1 billion in Indian Stressed Assets

 Varde Partners Inc and Aditya Birla Capital are going to soon invest 1 billion dollarsin Indian Stressed assets. According to a report, the US-based investment firm, which owns 14 billion dollars of net worth and the chairperson of Aditya Birla Group Mr. Kumar Mangalam Birla has decided to deploy the sum over three years.

Hindalco wants shareholders' approval for 6,000 crore NCDs

Aditya Birla Group flagship Hindalco industries are waiting for shareholder's approval to issue non-convertible debentures(NCDs) worth 6000 crores on the basis of private placement. The company has already prepaid long-term project loans worth 8,000 crore in India. As a result,consolidated net debt to EBITDA at has considerably improved at below 3 times at the end of month March 2018.

Frequently Asked Questions

What is the interest rate of Aditya Birla Business Loan?

Aditya Birla Finance Limited offers an interest rate between 14- 21%, where 14% is minimum and maximum is 21%.

 What are the minimum and maximum tenure of Aditya Birla Business loan?

Aditya Birla Finance Limited offers a minimum of 12 months and a maximum 48 months tenure to the borrowers to repay the business loan amount.

 How much time it generally takes to sanction a Business Loan?

The entire procedure takes around a week.This is so because, meanwhile, the company goes through your documents, credit history, etc.

 What is the processing fee charged by Aditya Birla Finance Limited?

Well, processing fee charged by Aditya Birla Finance Limited is 2% of Loan amount borrowed by the applicant.

 The maximum business loan offered by Aditya Birla Finance Limited?

Applicant is enabled to borrow a maximum of 1 crore as a Business Loan from Aditya Birla Finance Limited.

 Can I apply online for Aditya Birla Business Loan? 

Yes, an applicant can apply either online from the official website or go to the nearby branch. You can instantly apply through MyMoneyMantra.

 What is the procedure to apply for Aditya Birla Business Loan?

Aditya BirlaFinance Limited offers fast e-approval of a business loan for its users. The applicant can either submit their request online via the official website or visit registered branches of Aditya Birla Finance Limited. 

Is it necessary to deposit any security while borrowing Business Loan from Aditya Birla Finance Limited?

ABFL offers both secured and unsecured loans. However, the quantum of loan is low on unsecured loans.

 The credit limit for a business loan be increased or not?

Credit limit can be increased only at the discretion of the bank.

 How do I calculate EMIs on my Aditya Birla Business Loan?

For this purpose, you can use the EMI calculator at MyMoneyMantra because it provides accurate and reliable data and is very simple to use.

Other Available products from Aditya Birla

EMI CALCULATOR

EMI Calculator

EMI Calculator

Loan EMI

Total Interest Payable

Total of Payments
(Principal + Interest)