Aditya Birla Personal Loan Details:

Loan amountUp to Rs. 50 Lakhs
Rate of interest14% onwards
TenureUp to 7 years
Lowest EMI possibleRs. 1,874 Per Lakh
Processing feeUp to 2% of the loan amount

Aditya Birla Personal Loan Features:

Following are the features of Aditya Birla Personal Loan:

  • Purpose of the loan: The loan can be used for any purpose as the end-use for the loan is not defined. It can be used for consolidation of debt, renovation of your existing house, wedding expenses, travel expenses, purchasing high-value consumer durable articles, and so on.
  • Quantum of loan: The quantum of the loan is up to Rs. 50 Lakhs, depending upon the income, CIBIL score, and repayment capacity. 
  • Rate of interest: The interest charged for the loan starts from 14%.
  • Repayment: The loan has to be repaid within a maximum period of 7 years.
  • Security: No collateral security is required to acquire this loan
  • Processing fees: Up to 2% of the loan amount.

Aditya Birla Personal Loan Benefits:

The benefits of availing Aditya Birla Personal Loan are:

  • Flexible repayment options – ECS and NACH.
  • Applicants can club the income of co-applicants to enhance eligibility.
  • Customised personal loan solutions
  • Hassle-free processing
  • Transparent charges & processes
  • Quick approvals and minimum processing & disbursement time.
  • Easy online application process 
  • Doorstep services 
  • Simplified documentation through service RMs
  • Simple EMIs or structured repayment options available.
  • Hassle-free balance transfer option  

Aditya Birla Personal Loan Eligibility Criteria:

The following are the eligibility criteria for Aditya Birla Personal Loan:

  • The age of the applicant should be between 23 to 60 years.
  • The applicant should be a salaried individual and drawing the salary through a bank account.
  • The individuals should be employed in reputed companies.
  • Work experience of a minimum of 2 years is required to ensure income stability.
  • The applicant should not have defaulted on any loan repayments in the past and should have a good CIBIL score, preferably above 700.

Documents Required for Aditya Birla Personal Loan:

The following documents are required for Aditya Birla Personal Loan:

  • Address Proof, like the Aadhar Card, Voter's ID, Driving Licence, Utility bills, etc.
  • Photo ID Proof, like PAN Card, Aadhar Card, Passport, Voter's ID card, Driving Licence, etc.
  • Income Proof, like latest salary slips, ITR, etc.
  • Bank Statement for the last 6 months of the account where the salary is being credited.

Aditya Birla Personal Loan Charges:

Following are the processing fees and charges associated with the Aditya Birla Personal Loan:

Name of the ChargeAmount
Processing fee2% of the loan amount
Part prepayment charges
  • If part prepayment is equal to 20% of the total disbursed amount in a year: Nil.
  • If part payment is above 20% of the total disbursed amount in a year: 3% + applicable GST on the remaining loan amount.
  • Part prepayment is not allowed in the first 6 months from the disbursement date.
  • Part prepayment amount should be equal to or more than a total of 3 EMIs.
  • Part prepayment is allowed only once in the first year of the loan tenure.
Foreclosure charges
  • 4% of the principal outstanding + applicable GST
  • Foreclosure is permitted only after 12 months from the disbursement date of the loan.
Charges for cheque returnRs. 500 + GST per instance
Penal charges for default3% of the pending loan amount per month
Loan cancellation charges4% of disbursed loan amount + applicable taxes
Fees for CIBIL report retrievalRs. 100 + GST per instance
Loan reschedule chargesRs. 5,000 + GST per instance
Exchanging PDCs/ ECS chargesRs. 750 + GST per instance
Preclosure quoteRs. 1,000 + GST per instance
Stamp duty/ insurance premium/ any other chargesAs per actual, if applicable

How to Calculate Aditya Birla Personal Loan EMI?

You can use our online Personal Loan EMI Calculator to calculate your Aditya Birla Personal Loan EMI instantly. The tool is given under the Financial Tools tab on our website. All you have to do is enter some information like loan amount, interest rate, and tenure of repayment. Then hit the Enter button for an instant result.

Aditya Birla Personal Loan - Customer Care:

You can contact the following number for any queries regarding Aditya Birla Personal Loan:

1800-270-7000

OR

You can write to abc.secretarial@adityabirla.com

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Aditya Birla Personal Loan FAQs

✅ How to access the Aditya Birla Personal Loan Account online?

There is a unique service platform designed to access loan accounts and it is called the ABFL Connect. With this platform, you can:

  • Access your loan account from anywhere at anytime
  • The amortization can be downloaded and saved for future reference
  • Make a disbursement request online
  • The ECS mandate can be altered
  • A request for a top-up loan can be given
  • A request for a new loan can be given

✅ Does Aditya Birla Finance Limited provide Personal Loans to self-employed professionals/individuals?

Personal Loans are provided only for salaried persons drawing salary through a bank account.

✅ Whichever is the repayment option available for Aditya Birla Personal Loan?

Repayment of the Personal Loan can be made in up to 7 years.

✅ What is the rate of interest and is it negotiable?

The rate of interest starts from 14% p.a and will be on a case to case basis. It depends on the income, repayment capacity, and credit score. In brief, the interest rate applied will depend on the creditworthiness of the applicant. If you have all the factors in place, you can negotiate for the best rate.

✅ Are prepayment and foreclosure allowed for Aditya Birla Personal Loan?

The Personal Loan cannot be prepaid/foreclosed before 12 months from the date of the first disbursement of the loan. If closed before 12 months from the date of the first disbursement of the loan amount, interest for the lock-in period will be charged.

Since the loan is given only to salaried individuals and on a fixed rate, there will be no charges if the loan is closed out of own source. If the loan is taken over, then a pre-closure charge at 4% of the outstanding amount in the loan will be collected.

✅ Should collateral security or personal guarantee be provided for Aditya Birla Personal Loan?

No. Personal guarantee or collateral security need not be provided for Aditya Birla Personal Loan.