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    Aditya Birla Finance Personal Loan

    Aditya Birla Finance is one of the fastest growing financial institutions in India, offering personal loans at competitive interest rates and minimal documentation. Aditya Birla Finance personal loans can be availed for interest rates as low as 11%, and the processing fee applicable to it is just 1% of the amount borrowed. The maximum amount you can avail through an Aditya Birla Finance personal loan is Rs.30 lakh, and the repayment tenure is quite flexible.
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    We found 1 Aditya Birla Finance Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.00% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Aditya Birla Finance Personal Loan is Rated as "Pretty good" by 84 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    When it comes to personal loans, the most attractive thing about them is that they are loans that are not slaved to a specific purpose. They can be taken for anything ranging from paying off big bills to bearing the expenses of weddings and vacations and the Aditya Birla Finance Personal Loan is no exception to this. This is a loan that offers benefits ranging from attractive rates of interest to high loan amounts that makes it good for most purposes. The things that make these loans so attractive also includes certain features that cannot be availed using a personal loan from any other financial services company.

    Aditya Birla Finance Personal Loan Interest RatesUpdated on 17 Feb 2019

    Aditya Birla Finance Personal Loan Details
    Interest Rate (Monthly reducing balance) 11.75% to 13.75%
    Processing Fees 1% of the loan amount
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 4% of principal outstanding in the 1st year; 3% in the 2nd year and 2% thereafter Preclosure permitted after 6 months
    Guarantor Requirement No guarantor required

    Eligibility criteria for Aditya Birla Finance Personal Loan

    Before you can apply for this personal loan, there are certain eligibility criteria that you will need to conform to. These factors are:

    • The applicant will have to be a salaried employee of a reputed organisation with a regular source of income.
    • In order to avail this loan, the individual will also have to be within the age group of 23 to 60 years.
    • The borrower should also have a minimum net monthly income of Rs.25,000.

    Features and benefits of Aditya Birla Personal Loan

    If you prove to be eligible for this Aditya Birla Finance personal loan, here are some of the features you can expect to see as the defining points of the loan.

    • While there is no minimum amount for loan that can be borrowed under this scheme, the maximum amount is Rs.50 lakh.
    • Borrowers have the flexibility to choose a loan tenure that suits their repayment capacity subject to a maximum of 60 months.
    • The interest rates charged for this loan is 14% per annum, however, this can change from time to time and it’s best to confirm the interest applicable before applying.
    • The interest rate charged in case of violation of the terms and conditions of the loan will be 24% per annum.
    • Applicants can even apply for the loan online and don’t have to worry about dealing with complicated paperwork.
    • In case of online application, the loan application can be processed and approved in as less as 30 minutes.
    • If the applicant is a part of the Aditya Birla Financial Services Group then they won’t have to pay the processing fee.
    • This loan will require no guarantors or collateral to secure it.
    • The loan will also allow you to make partial prepayments without having to pay any prepayment penalties.
    • Prepayment or partial payments won’t be allowed for the first 6 months of the loan tenure.
    • If a partial payment is being made, then it cannot be an amount less than Rs. 25,000.
    • It can also be used to buy out any other existing loan.
    • If applicants go in for a cancellation of the loan once it has been disbursed then a charge of 4% of the amount disbursed will be charged.
    • Borrowers can use Electronic Clearance Service (ECS) and National Automated Clearing House (NACH) payment solution to repay the loan.
    • Under the Aditya Birla Personal Loan scheme, candidates have the flexibility to club the income of another co-applicant to improve the chances of their loan application getting approved.
    • Once a customer avails this loan, he or she can be assured that the rate of interest at which the loan is offered will not change throughout the entire loan tenure.

    Documents required for Aditya Birla Finance Personal Loan

    Approval of this loan will not only depend on you being able to meet the eligibility criteria set down, but also on your ability to provide the following documents.

    • Once you apply for a loan under this scheme, the first document that you will have to submit is a duly filled application form along with a passport-sized photograph.
    • KYC documents relating to your proof of identity and address will be needed too.
    • You will also have to provide your bank statements for the last 6 months.
    • Your salary slips for the last 3 months will also be needed.
    • In case you plan on taking a loan that is beyond the means of your monthly income, you can provide additional documents that demonstrate your extra income from other sources to prove your eligibility.

    While these are the standard documents that will be required to apply for the Aditya Birla Finance personal loan, there could be others that the company may ask for.

    As far as personal loans are considered, this loan is very convenient for those who are eligible for it since it does not come with the requirement of collateral. On the other hand, individuals can avail this loan when they require a huge amount in order to meet their temporary financial crisis.

    In case you have any queries regarding the scheme or your personal loan application, you can get in touch with the friendly and efficient customer care representatives of Aditya Birla Finance by calling the toll-free number at 1800-270-7000. You can also write to the helpful customer care team at care.finance@adityabirlacapital.com and get your questions answered and concerns addressed. For more information on the loan scheme, you can check out the company’s product brochure or set up a meeting with one of the relationship managers at Aditya Birla Finance.

    Aditya Birla Finance Personal Loan Reviews

    • Aditya Birla Finance Personal Loan
      "Higher interest rate in Aditya Birla"
      0.5 4.0/5 "Great!"
      My brother has recommended me to taken the personal loan from Aditya birla. 6 months before i bought the loan with the interest rate of 21% which is very high. I'm not sure about the processing fee. I have paid the EMI amount of Rs. 3000 with the tenure period for 3 years. I got the loan amount of Rs. 1 lakh and it took 20 days to sanctioned the loan.
      Was this review helpful? 1
      , chennai
      Reviewed on Feb 12, 2019
    • Aditya Birla Finance Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with ADITYA BRIRLA INSTITUTION , , they charge nominal rate of interest and tenure period was 60month . The loan amount is satisfactory with this bank . I ask pretty less loan amount but they gave high so i am happy with that . There has been a smooth banking experience .
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 07, 2019
    • Aditya Birla Finance Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with ADITYA BIRLA INSTITUTION , the tenure period is sufficient . The interest rate is very high with the market rate. , I got the loan amount soon . It has been a pleasant personal loan experience with the ADITYA BIRLA INSTITUTION . The follow up is very good with this bank .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 04, 2019
    • Aditya Birla Finance Personal Loan
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      The experience with this loan has not been good since the parameters which they are offering has not been suitable to the customers. Their customer support has also not been responsive and had not been helpful. The loan amount and the interest rate has been fine with them and the services of them should be improved.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2019
    • Aditya Birla Finance Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Aditya Birla and my experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good and tenure period for this loan is 2 years.
      Was this review helpful? 8
      , bangalore
      Reviewed on Jan 03, 2019
    • Aditya Birla Finance Personal Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      Aditya Birla Finance is good in the personal loan process. The customer support and response is fine. The rate of interest and processing charges is on the higher side, when compared to the other banks. The paper work was taken on time. Overall good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 22, 2018
    • Aditya Birla Finance Personal Loan
      "Online personal loan"
      0.5 0.5/5 "Unacceptable"
      This is the worst finance company. Do not take any loan from ABFL. Froud company. Everything we need to communicate through email. No yse of customer care. They dont even acknowledge on mail. My request to all people those who are applying for loan do not go for ABFL.
      Was this review helpful? 7
      , navi mumbai
      Reviewed on Dec 19, 2018
    • Aditya Birla Finance Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have purchased the loan from Aditya birla loan by today. I have bought the loan amount of Rs. 2 lakhs. They have offered me a interest rate of 24% and I'm okay with it. They have charged me a processing of Rs. 11222 including the insurance. Total tenure period of the loan is 36 months. I have received the loan easily and i got through online
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 17, 2018
    • Aditya Birla Finance Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      It has not been a up to the mark experience with Aditya Birla Finance LTD. I have taken a personal loan and the rate of interest was around 23%. They need to work on the services when compared to the other banking deals. I am not happy as I was looking for a rate of around 14%.
      Was this review helpful? 5
      , mumbai
      Reviewed on Dec 16, 2018
    • Aditya Birla Finance Personal Loan
      "Not satisfied with Customer Service"
      0.5 1.0/5 "Really Bad"
      Got my personal loan from adithya birla, as the rate of interest is very high one . Making the payments through Ecs . Got approved as instant approval process. There is high processing fees for the personal loan with good tenure period . But there is too many charges for the card . Their customer service and response is not good regarding personal loan.
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 13, 2018
    • Aditya Birla Finance Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from the adithya birla finance . Where the rate of interest is high of 24% , where they used to give the loan if its been confirmed as once , We can go for this finance only in emergency case if we really in need . The processing fees is high for the documentation and approval process .
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 12, 2018
    • Aditya Birla Finance Personal Loan
      "Good Experience"
      0.5 4.5/5 "Excellent!"
      There was no documents required to avail my loan from Aditya Birla, within 5 to 7 days entire process was completed even they sanctioned the amount. The loan interest rate is good they offered around Rs. 2 lakhs. This loan is running the customer support guided well.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 09, 2018
    • Aditya Birla Finance Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience with this loan has been awesome and the process in getting this loan has been excellent. They had given me with a loan amount of 1,00,000 and i am satisfied with it, even the interest rate with them has been nominal when compared with the market rate with no additional charges.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 07, 2018
    • Aditya Birla Finance Personal Loan
      "Good Banking Service"
      0.5 4.5/5 "Excellent!"
      Got my personal loan from Adithya birla, as the rate of interest is nominal one . Making the payments through Ecs . Got approved as instant approval process. There is no processing fees for the personal loan with tenure period . Their customer service and response is good regarding personal loan.
      Was this review helpful? 5
      , mumbai
      Reviewed on Nov 04, 2018
    • Aditya Birla Finance Personal Loan
      "Very Bad Experience with ABFL"
      0.5 0.5/5 "Unacceptable"
      1. Fake commitment of 30 min. disb. 2. Irritate by sending lots of sms and emails of remainder. 3. Breaks privacy by sending bank details in sms and email. 4. No reply from customer care email. 5. After regular payment we will get an overdue emi sms.
      Was this review helpful? 9
      , pune
      Reviewed on Sep 19, 2018
    • Aditya Birla Finance Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ADITYA BIRLA 2 months back. The loan amount was 5 lakhs and the interest rate was high than other bank but i had a very good service . The process was very quick and the documentation was very smooth too. The loan was approved on time.,
      Was this review helpful? 14
      , pune
      Reviewed on Aug 22, 2018
    • Aditya Birla Finance Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It had been a better experience i had with the services of them. The loan amount which they had provided had been satisfactory and the interest rate which they ahd been offering has been average or normal compared with the market rate. I had taken this loan for my personal purpose. There has not been any hassles with the process through them.
      Was this review helpful? 6
      , jaipur
      Reviewed on Jul 12, 2018
    • Aditya Birla Finance Personal Loan
      "Personal loan from ADITYA BIRLA"
      0.5 5.0/5 "Blown Away!"
      From ADITYA BIRLA FINANCE i have taken the loan amount of 3 lakhs. The rate of interest was 11.5% and the customer service and response with them was good. There was some processing fee with ADITYA BIRLA institution. Good finance for the personal loan.
      Was this review helpful? 7
      , mumbai
      Reviewed on May 25, 2018
    • Aditya Birla Finance Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The personal loan process took time with the ADITYA BIRLA FINANCE LIMITED . They have disbursed the loan amount within 2 weeks of time. The required loan amount has been given and I am satisfied with it. the rate of interest and the charges are average here.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 18, 2018
    • Aditya Birla Finance Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ADITYA BIRLA . The loan amount was 2 lakhs and the interest rate was 12% which is average . The customer service and responses was up to the mark. They sanctioned the loan with the committee time and the tenure period was 2 years .My overall experience was really good.
      Was this review helpful? 2
      , chennai
      Reviewed on Apr 24, 2018
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