Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Apply Now

Aditya Birla Finance Limited, an NBFC registered with the RBI, and a subsidiary of Aditya Birla Capital Limited. The Aditya Birla Personal Loan offers quick financing for urgent or unforeseen needs as well as planned expenses. 

 

It has numerous benefits and perks, such as competitive rates and a simple digital application. Read on to know more about the Aditya Birla Finance Personal Loan. 

Aditya Birla Finance Personal Loan Details

Loan Amount

₹25,000 to ₹15 Lakhs

Repayment Period

6 – 36 months

Interest Rate

14% - 26% 

Processing Fees

Up to 2% of loan amount + GST

Foreclosure Charges

4% on POS + GST

Disclaimer: The personal loan details mentioned above are subject to change at the discretion of the lender. Kindly check before you apply. 

Aditya Birla Finance Personal Loan Interest Rate

The Aditya Birla Personal Loan rate of interest starts at 14% and goes up to 26%. Knowing the personal loan interest rate before you apply for it is crucial as it impacts your repayment planning. 

 

To get the best Aditya Birla Personal Loan interest rate, ensure that you meet all the eligibility requirements and have a good credit history. This allows you to qualify for the loan quickly and helps boost your chances of getting an affordable loan.

Aditya Birla Finance Personal Loan Fees & Charges

Along with the interest rate, lenders levy other charges that can add to your borrowing costs. Knowing these charges beforehand is crucial to you getting the most affordable financing. 

 

Here are the Aditya Birla Finance Personal Loan charges:

Charges for Part-prepayment 

  • Up to 20% of the total amount: No charges
  • More than 20%: 4% + taxes

  Charges on Loan Cancellation

4% of the disbursed loan amount + taxes

  CIBIL Report Retrieval Fee 

₹100 + GST 

Disclaimer: The above details are subject to change at the lender’s discretion.

Aditya Birla Finance Personal Loan EMI Calculator

Loan Amount
Tenure
  • Months
  • Years
Rate of Interest
%

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount
Year Principal Interest Balance

A strong repayment plan before finalising your personal loan can save you from missing out on your EMIs or defaulting. Calculating the monthly instalments due on your Aditya Birla online personal loan is thus vital before you proceed. Planning your finances can help you avail marriage loans with ease.

 

One way to do this with ease is to use a personal loan EMI calculator. With the Aditya Birla Personal Loan calculator, you can estimate your EMI in seconds. All you need is the following information:

  • Loan amount 

  • Interest rate

  • Tenure

 

Use this Aditya Birla Personal Loan EMI calculator and optimise your loan’s terms to protect your future financial well-being. 

How is the Aditya Birla Personal Loan EMI Calculated?

For manual calculations of the AB Capital Personal Loan, use the following formula:

EMI = P x R x (1+R)^N / [(1+R^N-1]

Here,

 

P = the principal loan amount

N = the repayment tenure

R = the annual rate of interest

 

While manual calculations are doable, they come with the risk of errors and take a fair amount of time to complete. This is especially true if you are trying out multiple combinations. A quicker, simpler, and more convenient option is using the digital personal loan EMI calculator. 

 

Whatever you choose, consider the calculations to plan not only monthly payments, but also part-prepayment or foreclosure of your ABFL Direct Personal Loan. This will enable you to save more and become debt-free faster.  

Aditya Birla Finance Personal Loan: Features & Benefits

Here are the facilities you can enjoy when you get an Aditya Birla Personal Loan:

  • Flexible tenures to choose from, going up to 36 months 

  • Loan amounts ranging between ₹25,000 to ₹15 Lakhs to meet a range of needs

  • Collateral-free financing gives you funds without risking your assets

  • Stress-free process for online, paperless application 

  • Speedy access to funds with quick disbursal processes 

  • Fast online approval in just 30 minutes 

  • Competitive interest rates that make borrowing affordable 

Aditya Birla Finance Personal Loan Eligibility

Verifying your Aditya Birla Personal Loan eligibility can significantly increase your chances of approval and getting the terms of your choice. Here are the Aditya Birla Personal Loan eligibility criteria you need to meet:

  • Minimum Age: 23 years

  • Maximum Age: 55 years

  • Employment: Salaried with a stable income

 

  • Citizen: Must be a resident citizen

 

 

You can also use the Aditya Birla Personal Loan eligibility calculator to understand the loan amount you can qualify for. This simple tool gives you instant results, facilitating quick and informed decisions. The calculator uses your income, expenses, residential area, and age to give you an estimate of the amount you are eligible for. 

 

Keep in mind that although there is no specific credit score requirement, you should aim to apply for this loan with a good score. This can boost your personal loan eligibility, enabling you to get affordable financing. Also, a good CIBIL score can help you get a travel loan at an affordable rate.

Documents Required for Aditya Birla Finance Personal Loan

Documentation is an important step while taking a personal loan because it helps the lender verify your identity and other information. Given below are some of the Aditya Birla Personal Loan documents you need to submit:

  • Bank account statements for the previous three months

  • Salary slips for the previous three months

  • KYC documents such as PAN card and Aadhaar card 

 

Remember, the lender may require additional documents based on your application. 

How to Apply for the Aditya Birla Finance Personal Loan?

You can carry out the Aditya Birla Personal Loan process digitally from end to end. You can apply for an Aditya Birla personal loan online by following the steps outlined below:

  • Step 1: Visit the official website, navigate to the ‘Loan Products’ section and select ‘Personal Loan’
  • Step 2: Select your employment type and click ‘Apply’
  • Step 3: Fill your mobile number, enter the OTP and add other details 
  • Step 4: Choose the loan amount and submit your application 

 

A representative will then contact you and guide you further. Once you finalise the loan terms, the lender will disburse the amount in your bank account.

How Can I Get in touch With the Aditya Birla Finance Customer Care Team?

DISCLAIMER

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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Frequently Asked Questions on Aditya Birla Personal Loan

What is the turn-around time for Aditya Birla Capital's Personal Loan?

The turn-around time for online approval of the Aditya Birla Capital Personal Loan is 30 minutes.

Can I foreclose my personal loan taken from Aditya Birla Capital?

Yes, the ABFL Personal Loan offers the feature of foreclosing a personal loan after the completion of 6 months of the loan tenure. However, foreclosure may be subject to charges depending on your loan. Be sure to check these before proceeding. 

What is the minimum CIBIL score needed for a personal loan from Aditya Birla Finance?

There is no specific CIBIL score that you need to apply for an Aditya Birla Personal Loan. However, keeping your score above 750 is a good idea since it can boost your chances of getting affordable financing.

Is part-prepayment allowed on Aditya Birla's Personal Loan?

Yes, borrowers can prepay an Aditya Birla Personal Loan partially. However, this is subject to certain conditions and charges. The conditions include that prepayment should not be made in the first 12 months, and that amount should be equal to or more than 3 EMIs. The charges will depend on the amount you are prepaying.

How much maximum loan amount can I get for an Aditya Birla Personal Loan?

You can get up to ₹15 Lakhs via the ABFL Direct Personal Loan. However, the amount you can avail depends on your eligibility and repayment ability. 

 

Who can apply for Aditya Birla's Personal Loan?

Aditya Birla Personal Loan consists of a comparatively lenient criterion. You can apply for the loan if you are between the specified age, have a stable income source, and are a resident Indian citizen.

What is the repayment tenure for Aditya Birla's Personal Loan?

The repayment tenure of the Aditya Birla Personal Loan ranges from 6 months to 36 months. 

Does the Aditya Birla Personal Loan come with an option of floating and fixed interest rate?

No, you do not have the option to choose a floating rate of interest. The Aditya Birla Personal Loan comes with fixed interest rates.

Does the income of the co-applicant enhance the main applicant’s Aditya Birla Finance Personal Loan eligibility?

You can club the co-applicant’s income when applying for an Aditya Birla Finance Personal Loan to enhance your eligibility.

Can self-employed individuals get a personal loan from Aditya Birla Finance?

Yes, by fulfilling the set eligibility criteria, self-employed individuals can get an Aditya Birla Finance Personal Loan.

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