Please Note: Aditya Birla Capital is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.
Aditya Birla Personal Loan Highlights – Jan 2022
|Interest rate||Min. APR- 13% p.a.|
Max. APR- 28% p.a.
|Loan Amount||Up to Rs 50 lakh|
|Tenure||Up to 7 years|
|Processing Fees||Up to 2% of the loan amount|
Aditya Birla Personal Loan Interest Rates
|Type||Interest Rate (p.a.)|
Comparison of Aditya Birla Capital Personal Loan v/s Other Lenders
The following table compares the personal loan offered by Aditya Birla Capital vs. that of other top lenders in India:
|Banks/NBFCs||Interest Rates (per annum)|
|HDFC Bank||10.25% – 21%|
|SBI||9.60% – 13.85%|
|PNB||7.90% – 14.50%|
|ICICI Bank||10.50% – 19%|
|Axis Bank||10.25% p.a. onwards|
|Kotak Mahindra Bank||10.25% onwards|
|IndusInd Bank||11.00% onwards|
|IDFC First Bank||10.49% – 23%|
|Bajaj Finserv||13.00% onwards|
|Tata Capital||10.99% onwards|
Aditya Birla Personal Loan Fees and Charges
|Processing Fee||Up to 2% of the loan amount|
|Pre-closure Charges||Rs 1,000 + GST|
|Cheque Return Charges||Rs 500 + GST|
|CIBIL Report Retrieval Charges||Rs 100 + GST|
|Stamp Duty||As per actuals|
|Loan Cancellation Charges||4% of loan amount + GST|
|Default penal charges||3% of pending amount per month|
|Insurance premium||As per actuals|
|CIBIL report retrieval charges||Rs 100 + GST|
|Part Pre-payment Charges||If part pre-payment is equal to 20% of the total amount disbursed- NIL|
|If part pre-payment is greater than 20% of the total amount disbursed- 3% + GST|
|Foreclosure Charges||4% of the principal outstanding + GST|
Check Your Free Credit Score to know personal loan eligibility Check Now
Eligibility Criteria for Aditya Birla Personal Loan
Aditya Birla Capital offers personal loans to salaried individuals falling in the age group of 23 to 60 years. Other key personal loan eligibility criteria for this NBFC include:
- Age: 23-60 years
- The loan applicant should be salaried individual
Aditya Birla Finance Limited also consider an applicant’s monthly income, credit score, employer’s income, job profile, loan repayment history, etc while evaluating his personal loan application.
Documents Required for Aditya Birla Personal Loan
Following is the list of the major documents required to avail a personal loan from Aditya Birla Capital:
- Completely filled application form with photographs of the applicants attached
- KYC documents such as ID proof, Address proof, signature proof, proof of office, qualification proof
- Last 3 months salary slips
- Last 3 months bank statement
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Aditya Birla Capital Customer Care
- Toll-free number: 1800-270-7000
- E-mail ID: email@example.com
- Visit the nearest Aditya Birla Capital branch office
Q. What is the turn-around-time for Aditya Birla Capital personal loan?
Ans. Generally, Aditya Birla Capital takes 2-3 working days for processing a personal loan application counted from the date of receipt of documents.
Q. Can I foreclose my personal loan taken from Aditya Birla Capital?
Ans. Yes, you can foreclose the personal loan taken from Aditya Birla Capital after completing loan tenure of 6 months. Currently the NBFC offers Nil foreclosure charge benefit to borrowers.
Q. How is the interest calculated on Aditya Birla Capital personal loan?
Ans. The interest for Aditya Birla personal loan is calculated using the monthly reducing balance method.
Q. Is part prepayment allowed on Aditya Birla personal loan?
Ans. Yes, part prepayment is allowed on Aditya Birla personal loan with the minimum part prepayment amount being equivalent to 3 EMIs.
Q. What is the interest rate for Aditya Birla Capital personal loan?
Ans. The interest rate for Aditya Birla Capital personal loan varies from applicant to applicant and is linked to the NBFC’s Short Term Reference Rate (STRR) or Long Term Reference Rate (LTRR) depending on the personal loan tenure opted for.
Q. Who can apply for Aditya Birla personal loan?
Ans. Only salaried individuals can apply for Aditya Birla personal loan, provided they meet the applicable eligibility criteria.
Q. What is the repayment tenure for Aditya Birla personal loan?
Ans. The personal loan offered by Aditya Birla Capital comes with a flexible tenure that varies from 12 months to 84 months.
Q. How much does Aditya Birla Capital charge as processing fees on personal loan?
Ans. Aditya Birla Capital charges up to 2% of the sanctioned loan amount as personal loan processing fees.