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 paying for wedding or even vacations and the Aditya Birla Finance personal loan is no exception. This is a loan that offers benefits ranging from attractive rates of interest to high loan amounts that makes them good for most purposes. The things that make these loans so attractive also includes certain features that not always available with every establishment offering a loan.
At least 23 years old
Less than 60 years old
Salaried / Self – Employed
with regular income
Earn more than the minimum
Minimum income required
Rs.45,000 per month
Maximum allowed personal loan is Rs. 30 lakhs
EMIs of other loans lower
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Salary slips for last 3 months
Income proof (audited financials for the last two years)
|Interest Rate (Monthly reducing balance)||11.5% to 13.25%|
|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|
Before you can apply for this personal loan, there are certain eligibility criteria that you will need to conform to. This criteria is:
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.
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.
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 but it does come with high loan amounts that can be an essential when the sum needed as a loan is big too.
Festive season brings along huge bills apart from bringing truckload of happiness, fun, and goodies. Diwali is one such season when paying these bills can weigh heavy on your shoulders. This is when taking a personal loan may be a good idea. Aditya Birla Finance offers attractive personal loans at competitive interest rates. The interest rate charged on personal loans by Aditya Birla Finance is between 14% and 16.25% for a tenure range of 1 to 5 years. The financing institution provides a maximum loan amount of Rs.30 lakh to personal loan borrowers. BankBazaar is running a Diwali Sale from 6th October, 2016 to 30th October, 2016. If you take a personal loan from Aditya Birla Finance through BankBazaar online, you can get additional benefits such as an Amazon gift card and Gocash from Goibibo.
Additional Reading:Aditya Birla Personal Loan Diwali Offers