FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Aditya Birla Personal Loan

Rated 4.7/5 by Team InvestorGain

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 Personal Loan Details

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 Information

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

Aditya Birla Personal Loan Special Feature Details

    Aditya Birla Finance Limited offers loan without any processing fees to the employees of Aditya Birla Group.

Aditya Birla Personal Loan Eligibility Criteria

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

Aditya Birla Personal Loan Strengths/Advantages

  • No processing fees for Aditya Birla Corp. employees
  • Collateral-free loan
  • Free quotations and no third party agent.

Aditya Birla Personal Loan Weaknesses/Disadvantages

  • Small amount of loan
  • Short loan tenure

Request call back from Aditya Birla Personal Loan

Aditya Birla Personal Loan Products & Services

ABFL offers the following products and services under personal loan head:

  • Home renovation loan

  • 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.

  • Holiday loan

  • 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.

  • Debt consolidation loan

  • 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.

  • Education loan

  • 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 loan

  • 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.

  • Miscellaneous expenses loan

  • 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 Feature

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

Aditya Birla Personal Loan Charges

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

Aditya Birla Personal Loan Customer Care Details

  • Customer Support Email - [email protected]
  • Customer Support Toll Free No - 1800 270 7000
  • Customer Support Chat Facility - Yes
  • Customer Support Whatsapp Number - NA

Aditya Birla Personal Loan Calculator and Download Links

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

Aditya Birla Personal Loan Application Process Details

    For new customers:

    • Head to the official link from your web browser: Link or signup into your Aditya Birla Personal Loan > Apply Online
    • Fill your mobile number & DOB or PAN Card details registered with Aditya Birla Finance Limited and you will get an OTP.
    • After logging in to the account with OTP, enter the desired loan amount.
    • You have to upload the required documents, such as PAN Card and address proof.
    • As you get loan approval, the funds will be disbursed to your account.

Aditya Birla Personal Loan Documents Requirements

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


User Reviews