Aditya Birla Capital Personal Loan
Aditya Birla Finance offers personal loans to salaried individuals for consolidation, medical emergencies, children's education, home improvement, and other purposes of up to Rs. 50 Lakhs @ 13.25% onwards ROI, processing fee of up to 2%, and tenure of up to 7 years.
Details of Aditya Birla Personal Loan Online
| Loan amount | Up to Rs. 50 Lakhs |
| Rate of interest | 13.25% p.a onwards |
| Tenure | Up to 7 years |
| Lowest EMI possible | Rs. 1,874 Per Lakh |
| Processing fee | Up to 2% of the loan amount |
Aditya Birla Personal Loan Features
The 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 13.25%.
- 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 are available.
- Hassle-free personal loan balance transfer option
Aditya Birla Personal Loan Eligibility Criteria
The following are the personal loan eligibility criteria of Aditya Birla:
- The age of the applicant should be between 23 to 60 years.
- The applicant should be a salaried individual and draw 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: Aadhar Card, Voter's ID, Driving Licence, Utility bills, etc.
- Photo ID Proof: PAN Card, Aadhar Card, Passport, Voter's ID card, Driving Licence, etc.
- Income Proof: 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 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 |
|
| Foreclosure 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 |
How to Calculate Aditya Birla's 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's Loan:
1800-270-7000 or You can write to abc.secretarial@adityabirla.com
FAQs
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 any time
- 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
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 13.25% 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 its own source. If the loan is taken over, then a pre-closure charge of 4% of the outstanding amount in the loan will be collected.
No. Personal guarantee or collateral security need not be provided for Aditya Birla's Personal Loan.