Aditya Birla Business Loan

The following are the key details of Aditya Birla business loan:

Aditya Birla business loan interest rates are fixed. The interest rates remain unchanged throughout the tenure of the loan. The interest charged depends on various factors, such as the type of business loan, the borrower's CIBIL score, and the loan amount, among others. Currently, Aditya Birla offers business loans at interest rates ranging from 14.00% to 21.00% p.a.

Apart from the Aditya Birla business loan rate of interest, borrowers need to pay the following charges:

• Processing fee: It varies from one customer to another and can range up to 3% of the sanctioned loan amount plus applicable GST
• Foreclosure charges: 4% on principal outstanding plus applicable GST.

1. Instant Business Loan: Aditya Birla provides its customers with an instant Business Loan, which can be applied for online in 3 simple steps. Customers can avail of a business loan online for up to 15 lakh without the need to visit 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 the right product for anyone who wants funding to expand or start a new business or needs 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 a Working Capital Demand Loan only to businesses that have a good credit score. The business can use the funds according to its 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 increase its liquidity.
6. The line of credit: It is an easy cash facility where in the applicant and the lender agree 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 they feel that the business can do well without a line of credit. The interest is charged only on the amount that is borrowed and not on the limit that was decided.

• Age
  • Minimum- 23 years
  • Maximum- 55 years
• Who can apply
  • Sole Proprietorships
  • Partnership Firm
  • Private Limited Companies
  • Closely Held Public Listed Companies
  • Societies
  • Trusts
• Business Profitability: Businesses should be in an earning position to earn 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)

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:

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

Bank Statements

• Bank Statement of the last 6 months
• Latest ITR Forms
• Balance Sheet and P & L Statement for the previous 2 years, audited bya  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)

Customer service 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 email seeking assistance or regarding any query or complaint. Mail to: care.finance@adityabirlacapital.com

If you have sent an email 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.