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    Aditya Birla Finance Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    14.00% - 16.25% Fixed
    1.25% to 1.75% 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

    Customer Service

    Responsiveness

    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 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.


    You’re probably eligible for an Aditya Birla Finance Personal Loan if you are

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    Aditya Birla Finance Personal Loan Minimum Age

    At least 23 years old

    Aditya Birla Finance Personal Loan Maximum Age

    Less than 60 years old

    Aditya Birla Finance Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Aditya Birla Finance Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Aditya Birla Finance Personal Loan amount eligibility is based on these factors

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    Aditya Birla Finance Personal Loan Minimum Salary

    Minimum income required
    Rs.45,000 per month

    Aditya Birla Finance Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 30 lakhs

    Aditya Birla Finance Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Aditya Birla Finance Personal Loan amount by these steps

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    Aditya Birla Finance Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Aditya Birla Finance Personal Loan Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Aditya Birla Finance Personal Loan

    • 1. Signed application form with photograph
    • 2. Copy of passport/voter ID card/driving license
    • 3. Processing fee cheque
    • 4. Salaried
      • Latest 3 months Bank Statement (where salary/income is credited)
      Self Employed
      • Latest 6 months Bank statement
    • 5. Documentation for salaried applicants:

      Salary slips for last 3 months

    • 6. Documentation for self-employed applicants:

      Income proof (audited financials for the last two years)


    Aditya Birla Finance Personal Loan Interest RatesUpdated on 30 Sep 2016

    Aditya Birla Finance Personal Loan Details
    Interest Rate (Monthly reducing balance) 14.00% to 16.25%
    Processing Fees 1.25% to 1.75% 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. This criteria is:

    • The applicant will have to be a permanent employees of Aditya Birla Financial Services Group.
    • They will also have to be at least 23 years old and no older than 57 years old.
    • The will also have to have a minimum net monthly income that is not less than 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.

    • The minimum amount that can be borrowed will be Rs. 2 lakhs, while the maximum amount is 20 lakhs.
    • The tenure of the loan can range from 12 months to 3 years.
    • 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.
    • 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.

    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.

    • The first and foremost document will be the application form with a photograph.
    • KYC documents relating to a proof of identity and address will be needed too.
    • You will also have to provide your bank statements for the last 6 months.
    • You 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 document about 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 but it does come with high loan amounts that can be an essential when the sum needed as a loan is big too.

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