|Loan amount||Up to Rs. 50 Lakhs|
|Rate of interest||14% onwards|
|Tenure||Up to 7 years|
|Lowest EMI possible||Rs. 1,874 Per Lakh|
|Processing fee||Up to 2% of the loan amount|
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Following are the features of Aditya Birla Personal Loan:
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The benefits of availing Aditya Birla Personal Loan are:
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The following are the personal loan eligibility criteria of Aditya Birla:
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The following documents are required for Aditya Birla Personal Loan:
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Following are the personal loan processing fees and charges associated with the Aditya Birla Personal Loan:
|Name of the Charge||Amount|
|Processing fee||2% of the loan amount|
|Part prepayment charges|
|Charges for cheque return||Rs. 500 + GST per instance|
|Penal charges for default||3% of the pending loan amount per month|
|Loan cancellation charges||4% of disbursed loan amount + applicable taxes|
|Fees for CIBIL report retrieval||Rs. 100 + GST per instance|
|Loan reschedule charges||Rs. 5,000 + GST per instance|
|Exchanging PDCs/ ECS charges||Rs. 750 + GST per instance|
|Preclosure quote||Rs. 1,000 + GST per instance|
|Stamp duty/ insurance premium/ any other charges||As per actual, if applicable|
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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.
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There is a unique service platform designed to access loan accounts and it is called the ABFL Connect. With this platform, you can:
Personal Loans are provided only for salaried persons drawing salary through a bank account.
Repayment of the Personal Loan can be made in up to 7 years.
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.
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.
No. Personal guarantee or collateral security need not be provided for Aditya Birla Personal Loan.