Everything You need Know Before Applying Aditya Birla Finance Personal Loan

Aditya Birla Finance Limited (ABFL) is one of the leading well-diversified finance services companies in India. It caters to various needs of diverse customers, including retailers, HNI, ultra HNI, micro enterprises, SME, and large corporates through a variety of channels.

Aditya Birla Personal Loan

Aditya Birla offers a personal loan for salaried professionals with a good credit score for the purchase of a house, vehicle, small home repair, miscellaneous bills, moving expenses, wedding expenses, vacations, children’s higher education etc. ABFL provides a personal loan online with minimal documentation.

Features & benefits of Aditya Birla Personal Loan

Aditya Birla Finance personal loan has a wide range of features and benefits described as under:

  • Aditya Birla personal loans come with a flexible repayment option up to 60 months
  • You can get a personal starting from Rs. 25, 000 to Rs. up to Rs. 15 lakhs
  • ABFL personal loans have convenient repayment options through ECS/NACH
  • No security or collateral is required to get the personal loan
  • You can add the income of the co-applicant to improve your loan eligibility
  • You can use the loan amount for any purpose whatsoever
  • Existing customers of the Aditya Birla Financial Services Group are exempt from processing fee
  • The loan application process is completely online and customers don’t need to visit ABFL office

Aditya Birla Finance Personal Loan Eligibility Criteria:

Resident Indians and Non Residents Indians (NRIs) with the following eligibility can get a personal loan from Aditya Birla Finance.

  • Salaried individuals aged between 23 to 60 years old when the loan is sanctioned can apply for the loan
  • The applicant should have a good credit score
  • The eligible loan amount and interest rate will vary from applicant to applicant

Documents required for Aditya Birla Finance Personal Loan

You need to provide the following documents to get a personal loan from Aditya Birla Finance.

  • Filled up the loan application form with duly signed passport size photos
  • Identity proof: Voter ID/ Aadhaar Card/ Passport/ Driving License/ PAN Card
  • Residential Address proof: Registered Rent Agreement/ Utility Bill (not more than3months old)/ Passport
  • Income proof: Salary slips for the past 3 months
  • Bank statement showing salary being credited for the past 6 months
  • You can provide additional income documents to improve your eligibility for a personal loan

Aditya Birla Finance Personal Loan Interest Rate & Processing Fee

Aditya Birla Personal Loan Interest Rate

Aditya Birla offers a personal loan at an attractive interest rate starting from 14% p.a. to 26% p.a.

Special Note: Rates are indicative and actual interest rate offered is subject to eligibility, verification and checks as per internal policy

Processing fee

Processing fee applicable is 1–2% of the loan amount plus GST.

FAQs Query — Is there any discount for employees of Aditya Birla Group?

Ans- Employees of Aditya Birla Financial Services Group are exempt from processing charges on a personal loan from Aditya Birla Finance.

Query- How can I access my loan account information online?

Ans- You access your loan account information online through ABFL Connect, a unique and secure platform.

Query- Can I make a partial prepayment for a personal loan from Aditya Birla Finance?

Ans- No prepayment or partial payments is allowed till the first 6 months of loan disbursal.

Query- Do I need to provide any collateral or guarantor to get a personal loan from Aditya Birla Finance?

Ans- Aditya Birla Finance offers an unsecured personal loan, hence you don’t need to provide any collateral or security to get a personal loan.

Originally published at https://www.mindstick.com on March 13, 2017.

I am a diligent and motivated self-worker with 3+ years of experience working in credit review and loan processing within the financial tech industry.

I am a diligent and motivated self-worker with 3+ years of experience working in credit review and loan processing within the financial tech industry.