|ALL ABOUT ADITYA BIRLA BUSINESS LOAN|
|Loan Turnaround Period|
|Who can apply?|
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|
Also Check: Commercial Cibil Report
|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|
Additional Reading: Check cibil score by pan card
Who can apply?
Business should be in earning position for at least 3 consecutive years.
Complete financials including Balance sheet and Profit & Loss Statement for the last 2 years as well as Tax audit reports.
Good Credit Score ( approx. 650 and above)
Documents Required for Aditya Birla Business Loan
A copy of any one of the following:
A copy of any of the following:
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.
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:
EMI calculator will give you an EMI amount on your screen, which you have to pay either monthly or quarterly.
Additional Reading: Top Credit rating agencies in India
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:
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.
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:
Also Check: CIBIL Defaulters List
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: firstname.lastname@example.org
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.
Know how good your score is
Get insights on how to improve it
Unlock offers as per your score
Get Kotak Mahindra Bank Business Loan up to Rs. 2 Crore online at interest rate starting from 16% p.a.
The Current Business Loan interest rate is 14 - 21%.