FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Aditya Birla Personal Finance is a subsidiary of Aditya Birla Capital Limited and registered as NBFC with RBI. It offers multiple ranges of end-to-end lending, financing and wealth management solutions. ABFL also offers personal loan at an interest rate starting @14% p.a. The term of personal loan starting from 6 months to 36 months.
Aditya Birla Finance Limited offers multiple diverse set of products to customers ranging across retail, HNI, ultra HNI, micro enterprises, SME, mid and large corporates. Its personal loan is one of the best options for multiple purposes such as buying a house, vehicle, small home renovations, miscellaneous bills, moving expenses, wedding expenses, vacations, children’s higher education etc. It offers loan up to ₹15 Lakh for maximum tenure up to 36 months.
The loan is available for the applicants aged from 23 years and should be below 60 years at the time of maturity of the loan.
Aditya Birla Personal Loan provides easy loan within 24 hours with interest 14% p.a. onwards. Below table gives the complete details of Personal Loan.
Aditya Birla Personal Loan | Details |
---|---|
Loan Category: | Personal Loan |
Tagline: | FINANCING your needs and desires are easy now |
Loans Offering: | Personal Loan, Marriage Loan, Holiday Loan, Medical Loan, Home Renovation Loan |
Loan Type: | Unsecured personal loan |
Interest Rate: | 14% p.a. onwards |
Processing Fee: | Up to 2% + GST |
Approval Process: | Both online and offline |
Minimum Income Requirement: | ₹25,000 |
Loan Approval Timing: | 24 hours |
Minimum Loan Amount: | ₹25,000 |
Maximum Loan Amount: | ₹15 Lakh |
Minimum Loan Period: | 6 months |
Maximum Loan Period: | 36 months/3 years |
Type of Interest Rate: | Fixed Interest Rate |
Interest Charging Method: | Reducing balance method |
There are eligibility criteria set by Aditya Birla Finance Limited for their personal loan:
Aditya Birla Personal Loan | Details |
---|---|
Salaried Employees | No |
Salaried Doctors | No |
Employees of public and private limited companies | No |
Government sector employees including Public Sector Undertakings, Central and Local bodies | No |
Loan for Pensioners | No |
Loan for Existing Customers | No |
Self-Employed | No |
Selected Corporate | No |
Other Criteria | Applicant must be a resident at the current place of living for a minimum of 2 years |
Minimum Age | 23 years |
Maximum Age | 60 years at the time of maturity of the Personal Loan |
Minimum Income Requirement | ₹25,000 |
ABFL offers the following products and services under personal loan head:
Home renovating and refurnishing is an expensive affair and therefore, ABFL offers its home renovation loan, where you can renovate your loan without worrying about the shortage of finances.
We all have a dream vacation which we wanted to take with our friends or family. For this, we need to arrange extra money and therefore, ABFL holiday loan provides you enough finances to make lifetime memories.
A debt consolidation personal loan allows a borrower to roll multiple debts into a single window and therefore, ABFL lends debt consolidation loan so you can pay other loans and have to pay single EMI.
Either you or your child, everyone’s education is important. Therefore, Aditya Birla Finance Ltd education loan is available for everyone who wants to study in India or abroad.
Marriage loans can be taken to fund the expenses related to the wedding such as venue booking, shopping to gifts to relatives. ABFL marriage loan provides you with enough money that you can enjoy your wedding in a lavish manner.
With this miscellaneous loan amount, you can buy any electronic gadget or pay any other loans, so that you have to pay only for a single loan.
Aditya Birla Personal Loan offer various services, please find below the list of features offered by the vendor.
Aditya Birla Personal Loan | Details |
---|---|
Personal Loan | Yes |
Wedding Loan | Yes |
Education Loan | Yes |
Home Renovation Loan | Yes |
Two Wheeler Loan | No |
New Car Loan | No |
Used Car Loan | No |
Travel Loan | Yes |
Medical Loan | Yes |
Top Up Loan | No |
Here is the detail charge list for Aditya Birla Personal Loan process. We have covered all possible charges for your loan requirements for clear visibility on Aditya Birla Personal Loan processing.
Aditya Birla Personal Loan | Details |
---|---|
Co-Applicant Allow | Yes |
Income Criteria | Yes |
Collateral Requirement | No |
Pre Approved Credit Limit | ₹1 Lakh |
Foreclouser Charges | 4% of the outstanding amount |
Loan Foreclouser Conditions | Permissible only after 6 months |
Bounce Charges | ₹750 at every bounce cheque |
Bounce Charges Self Employed | ₹750 |
Late Payment Penalty | 2% per month |
Duplicate NOC Charges | At actual |
Stamp Duty Charges | As per laws |
Instrument Swapping Charges | ₹750 |
Loan Cancellation Charges | NA |
Stamp Duty Charges | As per laws |
Loan Rebooking Charges | NA |
Statement Of Account Charges | Nil |
Duplicate Repayment Schedule | Nil |
EMI Payment Mode | Standing Instruction (SI), Electronic Clearing Service, Post-dated cheque |
Overdue Payment Mode | NA |
Hidden Charges | NA |
In this section we have listed all important links related to Aditya Birla Personal Loan.
Aditya Birla Personal Loan | Details |
---|---|
Banks | NA |
Charges Information | Link |
Personal Loan Eligibility Calculator Link | Personal Loan Calculator Link |
Personal Loan EMI Calculator Link | NA |
Education Loan EMI Calculator Link | NA |
Car Loan EMI Calculator Link | NA |
Product Demo Link | NA |
Website Link | Website Link |
Android App Downlaod Link | NA |
iOS App Downlaod Link | NA |
For new customers:
Please find below the list of documents required to avail personal loan. Aadhar, PAN and Income Proof are the most important documents, other documents are optional. The complete list of documents you can keep ready for your loan application.
Aditya Birla Personal Loan | Details |
---|---|
Age Proof | Copy of Passport/Driving License/Aadhar Card |
Address Proof | Copy of Passport/Driving License/Aadhar Card/Voter ID/Ration Card |
Identity Proof | Registered Rent Agreement/Utility Bills last 3 months/Copy of Passport/Copy of Ration card |
Income Proof for Salaried Emp | Salary slip of last 3-6 months, ITR or Form 16, 6 month bank statement |
Income Proof for Self Emp | IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years |
Last Updated on 2020-06-04T10:39:10+00:00