Aditya Birla Personal Loan

Aditya Birla Finance Limited, a subsidiary of Aditya Birla Capital Limited, offers personal loans at affordable interest rates exclusively for salaried employees for a host of financial needs such as the purchase of a car, big-ticket products, credit card consolidation, moving expenses, dream wedding, and exotic vacation etc. Borrowers can avail Aditya Birla personal loan online up to Rs. 15 lakh online with minimal documentation. 

Features & benefits of Aditya Birla Personal Loan 2020

Avail Aditya Birla Finance personal loan online to enjoy a wide range of benefits:

• Aditya Birla personal loan can be availed for a flexible repayment tenure from 6 months to up to 60 months. Borrowers can use Aditya Birla personal loan EMI calculator 2020 to find out their monthly instalment based on their repayment capacity, for a certain repayment tenure.
• Customized loans for the specific needs of different customers starting from Rs. 25, 000 to Rs. up to Rs. 15 lakhs. 
• Avail Aditya Birla personal loan online and repay it through convenient repayment options like ECS/NACH. Aditya Birla personal loan EMI calculator 2020 can be used to compute monthly instalments.  
• Aditya Birla personal loans are available without any security; no security or asset is required to get a personal loan. 
• While applying for a personal loan from Aditya Birla personal loan, borrowers can add a co-applicant to improve their eligibility.  
• Full freedom to use the loan amount for whatever legal purpose you want to use it like the repair of the home, wedding related expenses. 
• Existing customers of the Aditya Birla Financial Services Group will not need to pay the processing fee to avail Aditya Birla Financial personal loan online. 
• Fast online application and quick disbursal 

Aditya Birla Finance Personal Loan Eligibility Criteria:

Any resident Indian and NRI (Non-Resident Indian) who fulfils the following criteria are eligible to avail Aditya Birla personal loan online. 

Aditya Birla personal loan eligibility criteria

Aditya Birla offers personal loans to all salaried individuals to help them tackle the cash crunch they may face in daily life, such as medical bills, home repairs, wedding related expenses, big-ticket purchase, holiday, and a lot more. Salaried employees with a good credit score can get a personal loan up to Rs. 15 lakh at attractive interest rates with quick approval. 

Aditya Birla personal loan eligibility criteria for salaried employees:

Age	1. The minimum age of an applicant at the time of loan application should be 23 years 2. The maximum age of an individual should be 55 years
Credit score	Applicant has to have a good credit score to avail a personal loan from Aditya Birla Finance
Total work experience	Salaried professionals with a regular income and at least two years of work experience with a reputed company
Loan amount	Up to 15 lakh
Loan tenure	From 6 months to 36 months
Residential status	Indian
Interest rate	14% p.a. to 26% p.a.

Documents required for Aditya Birla Personal Loan

Here is the checklist of the documents required to avail of Aditya Birla personal loan:

• Complete personal loan application form with duly signed passport size photographs
• Proof of identity: Voter ID / Driving License/ PAN Card/ Aadhaar Card/ Passport
• Residential Address proof: Registered Rent Agreement / Passport / Utility Bill (not more than3months old)/ Ration Card
• Income proof: Salary slips for the past 3 months
• Bank statement for the past 6 months
• Credit score information
• Borrowers can improve their eligibility by showing the documents of additional income

Aditya Birla Finance Personal Loan Interest Rate & Processing Fee

Interest rate	Between 14% p.a. to 26% p.a.
Processing charges	1. 1 – 2% of the loan amount plus GST 2. Employees of Aditya Birla Financial Services Group will not have to pay processing charges
Loan cancellation charges	4% + applicable taxes
Pre-closure charges	Rs. 1000
Foreclosure charge	3% (12th moth onwards)

Special Note: Rates are indicative and actual interest rates are subject to eligibility, verifications and checks as per the internal policy of the lender

Aditya Birla Personal Loan EMI Calculator

When you get a personal loan from Aditya Birla Finance, the loan amount should be repaid along with interest incurred over the loan tenure agreed by you. Because it is difficult to repay the loan at once, you can pay back the loan in equated monthly instalments, popularly known as EMI, over the agreed loan tenure. By making payment in EMIs, you can enjoy the benefits of easy, comfortable and stress-free repayment. 

When you get a personal loan for your financial requirements, you should use Aditya Birla personal loan EMI calculator 2020 to compute the best suited monthly instalment, making sure it fits into your monthly budget. Personal loan EMI calculator will help you figure out your monthly outgo and plan your finance with ease. 

How to use Aditya Birla EMI calculator 2020

Your monthly instalment (EMI) depends on factors like the loan amount you avail of, rate of interest applicable and the loan tenure. Provide the following details in the respective fields to arrive at your monthly instalment on the Aditya Birla personal loan you avail:

• Personal loan amount you wish to get
• For how long you want to get a personal loan
• Interest rate applicable on your personal loan

After you fill in the above figures, Aditya Birla EMI calculator 2020 will display the EMI.

The formula used by personal loan EMI calculator is as under:

E MI= P * R * (1+R)^N/((1+R)^N – 1)

Where:

P is the principal of the personal loan borrowed

R is the personal loan interest rate applicable

N is the tenure (loan terms in a number of years)

EMIs of Aditya Birla Finance personal loan for different tenures

Here is the demonstration of the EMIs on Aditya Birla personal loan of Rs. 5,00,000 with 14% interest rate for 1 year, 3 years and 5 years respectively.