Aditya Birla Capital Limited (ABCL) offers the UDYOG PLUS Business Loan to help small and medium-sized enterprises (SMEs) meet their financial needs. With loans of up to ₹10 Lakhs, UDYOG PLUS is designed to assist businesses in managing working capital, purchasing equipment, or expanding operations.
These loans come with interest rates starting from 22% p.a. and repayment tenures of up to 36 months.
Aditya Birla Capital UDYOG PLUS Business Loan also offers features like no collateral requirement and minimal documentation. The loan comes with flexible repayment terms, making it perfect for businesses that need convenience and flexibility in funding.
Aditya Birla Capital UDYOG PLUS Business Loan helps businesses get high loan amounts, flexible terms, and zero collateral requirements. It serves as a reliable financing option for business growth. Here are the key highlights of this loan:
Particulars |
Details |
Minimum Loan Amount |
₹1 Lakh |
Maximum Loan Amount |
₹10 Lakhs |
Minimum Tenure |
12 months |
Maximum Tenure |
36 months |
Disclaimer: The rates are subject to change at the lender's discretion.
Understanding the interest rates is crucial when planning to borrow for your business. ABCL UDYOG PLUS Business Loan offers competitive rates to match the needs of small and medium enterprises. These rates ensure affordable borrowing while supporting your business growth goals. Here are the maximum and minimum interest rates you need to know:
Particulars |
Details |
Minimum Interest Rate |
22.00% p.a. |
Maximum Interest Rate |
30.00% p.a. |
Disclaimer: The rates are subject to change at the lender's discretion.
Apart from the interest rate charges, the ABCL UDYOG PLUS Business Loan may come with additional costs. These can cover processing fees, late payment penalties, and foreclosure charges. Here are the details for these:
Particulars |
Details |
Processing Fee |
3% to 4% + GST |
Foreclosure Charges |
4% + GST (post 12 months) |
Late Payment Fee |
3% of the overdue amount per month |
Disclaimer: The rates are subject to change at the lender's discretion.
You can use this tool to estimate your monthly EMI based on loan amount, tenure, and interest rate. It helps you plan repayments and choose a loan option that fits your business budget.
Check out the Aditya Birla Capital Udyog Plus Business Loan eligibility requirements to ensure you qualify the loan. Here are the details:
Credit Score
You must have a CIBIL score of 700 or more
Age
Your age must fall within the bracket of 23 to 62 years
Residence
You must be residing in an area serviceable by ABCL
Business Turnover
Your business must have a turnover of at least ₹5 Lakhs in the previous 6 months
Alongside fulfilling these requirements, you may also be asked to furnish the following documents:
1. Udyam Certificate (mandatory)
2. Ownership proof:
Index copy
Sales deed
Electricity bill
Gas bill
3. KYC document:
PAN card
Aadhaar card
Selfie of the applicant and co-applicant
4. Business proof:
GST certificate
Shop Act (Form B is acceptable)
Trade licences
Income tax return
Food licences
Drug licences
Import and export trade certificate
ITEA certificate if engaged in the tour and travel industry
5. Business vintage proof:
Current account under the firm’s name
GST certificate
Shop Act (Form B is acceptable)
Trade licences
Income tax return
Food licences
Drug licences
Follow these steps to apply for the Aditya Birla Capital UDYOG PLUS Business Loan online on Bajaj Markets:
Click on the ‘CHECK LOAN ELIGIBILITY’ button
Fill in your personal and business details in the application form
Select ‘Aditya Birla Capital’ from the list of lenders available
Choose your preferred loan amount and repayment tenure
Submit the application form
Once the application is submitted, a representative from ABCL will contact you for further processing.
Opting for the Aditya Birla Capital UDYOG PLUS Business Loan through the marketplace gives you access to a digital application process with quick approvals. You can compare offers, get personalised loan options, and enjoy end-to-end support.
High Loan Amount
Access funds of up to ₹10 Lakhs to meet your business's financial requirements.
Flexible Repayment Tenures
Repay the loan conveniently with tenures ranging up to 36 months.
Low Interest Rates
Get competitive interest rates starting from 22% p.a.
Zero Collateral
Secure high loan amounts without pledging any personal or business assets.
Quick Disbursal
Receive the loan amount within 1 to 3 business days after approval.
Easy Documentation
Enjoy a hassle-free application process with minimal paperwork.
If you have queries related to your UDYOG PLUS Business Loan, you can contact the dedicated customer support team. You can reach out via call or email to get timely help from their support team with the details mentioned below:
Mode |
Details |
Call on Toll-free Number Within India |
1800-270-7000 |
care.finance@adityabirlacapital.com |
You can borrow up to ₹10 Lakhs with the Aditya Birla Capital UDYOG PLUS Business Loan, depending on your eligibility.
The interest rate ranges from 22% to 30% p.a., based on your eligibility and ABCL’s policies.
The loan can be used for various business purposes, such as working capital management, purchasing equipment, renovating office spaces, or meeting other operational expenses.
The loan amount is disbursed within 1 to 3 business days after the application is approved.