Aditya Birla Capital Limited (ABCL) offers a variety of financial products and services, including personal loans. Here are some key details about Aditya Birla personal loans:
- Loan Amount: Aditya Birla personal loans typically range from ₹50,000 to ₹15 lakhs, depending on your eligibility criteria such as income, credit score, and repayment capacity.
- Interest Rates: The interest rates on Aditya Birla personal loans are competitive and vary based on factors like the loan amount, tenure, and your credit profile.
- Flexible Tenure: You can choose a repayment tenure that suits your financial situation, ranging generally from 6 months to 36 months.
- Quick Disbursement: Aditya Birla personal loans often offer quick processing and disbursal of funds once your application is approved, which can be convenient for urgent financial needs.
- Eligibility Criteria: Typically, to be eligible for an Aditya Birla personal loan, you need to meet certain criteria related to age, income, employment stability, and credit history.
- Application Process: You can apply for an Aditya Birla personal loan online through their official website or visit their branches. The application process usually involves submitting personal and financial details, along with supporting documents.
- Customer Service: Aditya Birla Capital is known for its customer service and may offer assistance throughout the loan application process and during the tenure of the loan.
Different financial needs, different loans,one app – ABCD
For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.
- Range of loan options for different needs
- Quick sanctions and disbursals
📄 No documentation required
⏱ Instant Disbursement
📱 Digital process in just 5-10 minutes
📃 Collateral free loan
Criteria For Eligibility👇🏻
Age- 23+
Cibil Score – 725+
Enquiry in 30 days- 2
Quick and easy loans for all your goals
- Medical emergency
- Wedding
- Debt consolidation
- Vacation
- Home renovation
Highlights of Personal Loan
✓ Loan Amount: Minimum of ₹50,000 to Maximum of ₹10 lakhs
✓ Repayment Tenure: Minimum of 12 months to Maximum of 36 months
✓ Rate of Interest: 10.99% to 30% p.a.
✓ Processing Fees: 2% + 18% GST (of processing fee)
✓ Flexible repayment option
✓ No collateral required
Reasons to Get Personal Loan from ABCD.
No Collateral Needed
Get a loan without requiring any collateral or security and with minimal documentation.
Predictable Monthly Payments
Enjoy fixed interest rates and predictable monthly payments that help you plan your budget and finances accordingly.
Quick Disbursal
Get the loan amount quickly, usually within 24 hours of approval, making it ideal for emergencies.
Flexible Repayment Tenure
Enjoy flexible repayment tenure options, ranging up to 7 years, allowing you to choose a repayment plan that suits your financial situation and needs.
Increase Eligibility
Combine your income with that of a co-applicant to increase your eligibility and secure a higher loan amount.
Personal Loan Eligibility
Before opting for a Personal Loan, ensure you qualify by checking your eligibility here.
Personal Loan for Salaried Individuals (Example):
◼ Loan Amount: ₹1,00,000
◼ Tenure: 18 months
◼ Rate of Interest (interest rate on reducing balance method): 18.5% per annum
◼ Processing Fee (2%): ₹2,000
◼ GST on Processing Fee (18%): ₹360
◼ Total Interest: ₹ 14,880
◼ APR (Annualized Percentage Rate): 21.72% per annum
◼ Amount Disbursed: ₹ 97,640
◼ EMI: ₹6,404
◼ Total Repayment Amount: ₹1,14,880
Am I eligible for a personal loan?
To qualify for a personal loan, you need a consistent income, whether you’re a salaried employee, self-employed, or a professional. Your eligibility depends on factors like employer, credit history, residential location, and other criteria as per the eligibility criteria mentioned
Is there a minimum personal loan amount that I can borrow?
Yes! The minimum personal amount that you can borrow is about Rs 50,000.
What are the documents required to apply for a personal loan?
The essential documents typically include
KYC Documents
Address Proof
Income proof (such as salary slips for salaried individuals or recently acknowledged ITR for the self-employed).
Identity proof
Loan Statements
How is the personal loan disbursed?
Upon approval of your Personal Loan, the funds are electronically deposited directly into your savings account.
Does a personal loan affect your credit score?
Yes, it affects your credit score either negatively or positively.
Applying for a Loan while you are already in debt can negatively affect your credit score. However, repaying on time can enhance your overall credit score.
Is insurance mandatory for Personal Loan?
Insurance is the subject matter of solicitation. So we recommend you to secure your loan obligations against unforeseen events to prevent your family from shouldering the repayment burden on your behalf.
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