Aditya Birla Finance Limited offers personal loans @ 13% PA Next Rs. Salary persons for loan amount of up to 50 lakhs and up to 7 years of tenure. Aditya Birla can be obtained to provide money to various individual requirements including personal loans, including medical emergency, child education, marriage, travel, home improvement, electronic and household goods, etc.
Aditya Birla Group is an Indian multinational organization. The group was founded in Mumbai in 1857 by Seth Shiva Narayan Birla. The group is interested in viscose staple fiber, metals, cement (largest in India), viscose filament yarn, branded apparel, carbon black, chemicals, fertilizers, insulators, financial services and telecoms.
Interest Rate
| Interest Rate | Minimum: 14% p.a. Maximum: 26% p.a. |
| Loan Amount | Minimum: Rs.25,000 Maximum: Rs.15 lakh |
| Benefits | Online approval within half an hour with minimal documentation |
Aditya Birla Personal Loan Interest rate
| Type | Interest Rate |
| Minimum APR | 13% |
| Maximum APR | 28% |
Features of Personal Loan
- Flexible repayment options.
- Flexible tenure options up to 7 years.
- Maximum loan amount of Rs 50 lakh.
- Repayment options: ECS/NACH.
- No security or collateral required to avail of the loan.
- Applicant can club income of co-applicant to enhance eligibility.
- Interest rates remain unchanged throughout the loan tenure.
- Quick disbursal of loans.
- Flexible repayment tenure from 6 months up to 36 months.
- Fast online approval of loans.
- Nominal interest rates.
- No documentation required for sanction of loans.
- No change in interest throughout the tenure of the loan.
- Application process is hassle-free.
- Loan amount of up to Rs.15 lakh.
Eligibility Criteria of Personal Loan
- The applicant will have to be a salaried professional with a regular source of income.
- In case of self-employed professionals and businesses, business loans are offered.
- The minimum age required to be eligible for Aditya Birla Finance Personal Loan is 23 years.
Documents required for personal loan
- Credit information: ABFL will require your PAN card to check the information in relation to your credit history.
- Proof of Identity: You will be required to submit your proof of identity such as PAN card, Aadhaar card, passport, etc.
- Proof of address: You will be required to submit your proof of residential address. For this purpose, you can submit your Aadhaar card, PAN card, ration card, and so on.
- Bank statements: ABFL will require your bank statements to provide you with the best possible offer. ABFL also makes initial offers without a bank statement.
The maximum loan amount for which the applicant character is determined by the lender. For this purpose, the under takes many things under consideration of the applicant’s income, his or credit score and history, and so on. The number of other active loans and the amount spent by the applicant towards EMIS on a monthly basis also plays a major role in this case.
