Aditya Birla Finance personal loan is offered to salaried individuals to fulfil various personal needs like medical emergencies, purchase of electronics or household items, higher education, home renovation, vacation, wedding, etc. The personal loan offered by Aditya Birla Finance goes upto Rs. 50 lakh and can be availed online. The process to apply for this personal loan is convenient and consumes very less time.
Aditya Birla Personal Loan - Features and Benefits
Some of the special features of Aditya Birla Personal Loans provide ease for the applicant and hassle-free processes:
- Instantaneous Loan Application Process: The personal loan application is completely automated and online and hence is quicker than approaching a bank.
- Quick Approval of Loans: The loans applied online are approved quickly without any hassle, given that the documents provided are accurate. It can take a minimum of 30 minutes for the loan to be approved. Once approved, the loans are disbursed immediately to your savings bank account.
- Flexibility in the Repayment Period: The repayment tenure period varies from 6 months to 3 years, depending on the loan amount taken. This flexibility helps you finance and plan for the monthly instalments of the loans in a better way.
- Nominal Rate of Interests: The rate of interests offered by Aditya Birla Finance on a personal loan starts from 14%.
- No change in Interest Rates within the Repayment Tenure: The interest rate is a constant throughout repayment of the loan.
Aditya Birla Personal Loan Interest Rate and Other Fees
| Interest Rate | Minimum 14% to Maximum 26% per annum |
| Principal Loan Amount | Minimum INR 25,000 and maximum 15 lakhs, depending on the individuals Net Monthly Income and repayment tenure |
| Loan Repayment Duration | From a minimum of 6 months to 36 months |
| Loan Foreclosure Charge (Prepayment) | 3% (from the 12th month) |
| Processing Fee | Maximum 2% of the principal loan amount |
| Loan Cancellation Charge | 4% of the loan amount plus applicable taxes on the loan amount |
| Pre-closure Loan Charge | INR 1,000 |
Aditya Birla Personal Loan Eligibility
Those who want to avail a personal loan from Aditya Birla Finance shall check the eligibility criteria first. The criteria are as follows:
- The individuals applying for a loan should be salaried professionals.
- The minimum age of the individual loan applicant should be 23 years.
- The maximum age of an individual should be 55 years.
- The individual should be a part of a well-reputed company.
- The individual should have a work experience of at least two years.
- The individual should not be a defaulter in the past in terms of loans and should have a good and well-maintained CIBIL score.
Documents Required for Aditya Birla Personal Loan
For the online application process, you should keep the following documents handy to have a quicker approval and disbursal of your personal loan.
- Identity Proof: The proof of identity can be an Aadhaar Card/Passport/Driver’s Licence, etc.
- Address Proof: Any form of proof of your residential address is required like a Ration Card/PAN Card/Aadhaar Card. All can work in this respect.
- Bank Statements: The bank statements of prior months of your monthly salary are required. It can avail you the best loan, but one can also avail a loan without a bank statement.
How to Apply for Aditya Birla Personal Loan Online?
Applying for Aditya Birla Finance Limited Personal Loan Online involves simple steps if you apply through Paisabazaar.com. The process involves filling a simple form to process your personal loan application.
Alternatively, you can also apply for a personal loan by visiting the official website of Aditya Birla Finance Limited. It is a simple 3-step process:
- Submit your application with all details duly filled in online
- Documents should be submitted
- The loan is approved and disbursed in a minimum of 30 minutes
Aditya Birla Finance Personal Loan Customer Care
If you have any query regarding the application process of your personal loan, you can contact the customer care of Aditya Birla Finance through the following mediums:
- Call on toll free number at 1-800-270-7000
- Send an email to finance@adityabirlacapital.com.
- Visit the nearest branch.