Aditya Birla Finance Limited, also known as ABFL, is one of the top NBFCs in the country. It depends on your requirements and eligibility criteria to decide if you should get a personal loan from Aditya Birla Finance. You should know Aditya Birla personal loan interest rates and other important terms before you apply for a personal loan from Aditya Birla Finance.
Aditya Birla Personal Loan
ABFL offers personal loans exclusively for salaried professionals at affordable interest rates for several financial needs such as the purchase of a car, the home repairs, credit card consolidation, other moving expenses. You can get Aditya Birla personal loan online up to Rs. 15 lakh with minimal documentation.
Aditya Birla personal loan interest rates and other charges
Before applying for the loan, you should know Aditya Birla personal loan interest rates and charges.
| Loan amount | Up to 15 lakh |
| Loan tenure | From 6 months to 36 months |
| Interest rate | 14% p.a. to 26% p.a. |
| Processing fees | 1 – 2% of the loan amount + GSTEmployees of Aditya Birla Financial Services Group will be exempt from processing charges |
| Loan cancellation charge | 4% + applicable taxes |
| Pre-closure charges | Rs. 1000 |
| Foreclosure charge | 3% (12th moth onwards) |
Special Note: Rates are indicative and actual rates are subject to eligibility, verifications and checks as per the internal policy of Aditya Birla Finance Limited (ABFL)
Features & benefits of Aditya Birla Personal Loan
Here are the benefits of getting a personal loan from Aditya Birla Finance.
- Aditya Birla personal loan is available for a flexible repayment tenure from 6 months to up to 60 months.
- Customized loan amount for the specific needs of different customers, ranging from Rs. 25, 000 to Rs. up to Rs. 15 lakhs.
- Multiple repayment options are available to repay a personal loan from Aditya Birla Finance. Users can pay it through convenient repayment options like ECS/NACH.
- Aditya Birla personal loans can be availed without any security; no security or collateral is required to get a personal loan.
- Borrowers can add a co-applicant to improve their eligibility while applying for a personal loan from Aditya Birla.
- Full freedom to use the loan availed for whatever legal purpose the borrowers want to use it. They can use the loan for repair of the home, wedding related expenses.
- Existing customers of the Aditya Birla Financial Services Group will be exempt from processing fee.
- Online application and instant disbursal.
Aditya Birla personal loan eligibility criteria
Aditya Birla offers personal loans to all salaried individuals to help them tackle financial problems. Applicants with a good credit score can get a personal loan up to Rs. 15 lakh at attractive interest rates with quick approval. Resident Indian and NRI (Non-Resident Indian) need to fulfils the following criteria to be eligible to avail Aditya Birla personal loan.
Age limit: The applicant should be at least 23 years at the time of loan application. The maximum age of an individual should be 55 years.
Credit score: The applicant should have a good credit score, 750 or above, to get a personal loan from Aditya Birla Finance.
Work experience: Salaried employees with a regular income and work experience of at least 2 years with a reputed company can apply for the loan.
Documents required for Aditya Birla Personal Loan
Here is the checklist of the documents required to get a personal loan from Aditya Birla:
- Filled 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 than 3 months old)/ Ration Card
- Proof of income: Salary slips for the past 3 months
- Bank statement for the past 6 months
- Credit score information
- Borrowers can show the documents of additional income to improve their eligibility
If you think Aditya Birla Finance offers you enough loan amount at reasonable rates and you are eligible to get the loan from ABFL, you should apply for a personal loan with it.
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