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  • Aditya Birla Finance Personal Loan

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  • Aditya Birla Finance personal loan is offered at competitive interest rates subject to minimal documentation.

    • Interest rate starts from 11% p.a.
    • Loan repayment tenure up to 36 months 
    • Personal loans offered up to Rs.15 lakh
    • 1% processing fee
    More
    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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Features of Aditya Birla Personal Loan

    • Quick disbursal of loans.
    • Flexible repayment tenure from 6 months up to 36 months.
    • No collateral required.
    • Fast online approval of loans.
    • Nominal interest rates.
    • No documentation required for sanction of loans.
    • Application process is hassle-free.
    • No change in interest throughout the tenure of the loan.
    • Loan amount of up to Rs.15 lakh.

    Loan Overview

    Interest Rate Minimum: 11% p.a.
    Maximum: 13.75% p.a.
    Loan Amount Minimum: Rs.25,000
    Maximum: Rs.30 lakh
    Benefits Online approval within half an hour with minimal documentation

    Fees and charges

    The fees and charges which are applicable to Aditya Birla Finance Personal Loan are listed below:

    Processing Fee Up to 2% of the loan amount
    Cheque return charges Rs.750 + GST
    Loan cancellation charges 4% + applicable taxes on the loan amount
    Loan reschedule charges 0.50% + GST
    Pre-closure charges Rs.1,000
    Foreclosure charges 3% (12th month onwards)
    Part payment charges 20% of the principal amount in 1 year.
     

    Eligibility criteria

    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 professional with a regular source of income.
    • In case of self-employed professionals and businesses, business loans are offered.
    • The minimum age required to be eligible for Aditya Birla Finance Personal Loan is 23 years.
    • The maximum age up to which an applicant will be eligible for Aditya Birla Finance Personal Loan is 55 years.
     

    Documents required

    Some of the documents that will be required for applying for a personal loan are listed below:

    • Credit information: ABFL will require your PAN card to check the information in relation to your credit history.
    • Proof of Identity: You will be required to submit your proof of identity such as PAN card, Aadhaar card, passport, etc.
    • Proof of address: You will be required to submit your proof of residential address. For this purpose, you can submit your Aadhaar card, PAN card, ration card, and so on.
    • Bank statements: ABFL will require your bank statements to provide you with the best possible offer. ABFL also makes initial offers without a bank statement.

    In addition to the documents mentioned above, you might be required to submit a few more documents as per the requirement put forward by Aditya Birla Finance Limited.

     

    How the EMI calculation works for Aditya Birla Finance personal loans? 

    The EMI calculation for Aditya Birla Finance personal loan can be best explained with the help of an example. Consider a scenario where you take a personal loan of Rs.1 lakh from the company. The company charges you an interest rate of 14% for a loan tenure of one year. The loan repayment schedule and EMI details for this loan can be given as follows: 

    Months  Principal  Interest  EMI amount (principal + interest)  Balance amount  Percentage of loans paid to date 
    Apr  Rs.7,812  Rs.1,167  Rs.8,979  Rs.92,188  7.81% 
    May  Rs.7,903  Rs.1,076  Rs.8,979  Rs.84,285  15.72% 
    Jun  Rs.7,995  Rs.983  Rs.8,979  Rs.76,289  23.71% 
    Jul  Rs.8,089  Rs.890  Rs.8,979  Rs.68,201  31.80% 
    Aug  Rs.8,183  Rs.796  Rs.8,979  Rs.60,018  39.98% 
    Sep  Rs.8,279  Rs.700  Rs.8,979  Rs.51,739  48.26% 
    Oct  Rs.8,375  Rs.604  Rs.8,979  Rs.43,364  56.64% 
    Nov  Rs.8,473  Rs.506  Rs.8,979  Rs.34,891  65.11% 
    Dec  Rs.8,572  Rs.407  Rs.8,979  Rs.26,320  73.68% 
    Jan  Rs.8,672  Rs.307  Rs.8,979  Rs.17,648  82.35% 
    Feb  Rs.8,773  Rs.206  Rs.8,979  Rs.8,875  91.12% 
    Mar  Rs.8,875  Rs.104  Rs.8,979  Rs.0  100.00% 
     

    How Aditya Birla Finance compares with other lenders? 

    Fees and charges  Aditya Birla Capital  Bank of India Personal Loan  Kotak Mahindra Bank Personal Loan  HDFC Bank Personal Loan 
    Interest rate  11% p.a. onwards  12.90% p.a. onwards  10.50% p.a. onwards  11.25% p.a. onwards 
    Processing fee  2% + GST  2% + GST  2.5% + GST  2.5% + GST 
    Foreclosure charges  3% of the outstanding loan amount  N/A  Up to 5% of the principal outstanding  2% to 4% of the outstanding loan amount 
    Late payment fee  2% of the overdue amount per month  Contact the bank for details  3% of the overdue amount per month  2% of the overdue amount per month 

    Frequently Asked Questions (FAQs):

    How much time does it take to process a personal loan with ABFL?

    If you are applying for a loan online, the loan might be approved within 30 minutes.

    How do I know the status of my loan?

    You can know the status of your loan very easily by logging in to your profile with Aditya Birla Finance Limited. If you have applied for the loan through BankBazaar, you can check the status by logging in to your BankBazaar profile as well. In addition to these, you will also receive regular SMS and email alerts from BankBazaar to notify you about the status of the loan. You can also consider using the mobile phone application of BankBazaar for the same.

    How is the maximum loan amount decided for an applicant?

    The maximum loan amount for which an applicant will be eligible is decided by the lender. For this purpose, the lender takes a number of things under consideration such as the income of the applicant, his or credit score and history, and so on. The number of other active loans and the amount spent by the applicant towards EMIs on a monthly basis also play a major role in this case.

    What is a short-term personal loan?

    A short-term personal loan is usually offered for a short period of time. In most cases, a personal loan with a repayment tenure of 12 months is considered to be a short-term personal loan.

    What is a medium-term personal loan?

    A medium-term personal loan has a repayment tenure which is usually longer than that of a short-term loan. In general, a personal loan with a repayment tenure of around 12 to 36 months is considered to be a medium-term personal loan.

        

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    Aditya Birla Finance Personal Loan Reviews

    • Aditya Birla Finance Personal Loan
      "Too much interest "
      0.5 2.0/5 "Expected more"
      Aditya birla offered a personal loan and I have taken recently on 2 months ago but the interest rates are higher which is more than 20% and the processing fee was around 5%. I have paid the first month EMI as well. It took around 3 weeks to sanctioned the loan. The documentation process was fine.
      Was this review helpful? 4
      , chennai
      Reviewed on Nov 08, 2019
    • Aditya Birla Finance
      Aditya Birla Finance Personal Loan
      "Providing good facilities in Aditya"
      0.5 4.0/5 "Great!"
      They have a high interest rate on Aditya Finance when i taken the personal loan. For the first time i had apply the loan but banks are not ready to provide the loan because of my credit score hence i have gone through with Aditya Finance. I took the loan amount of Rs. 5 lakhs and they have given me the loan in 15 to 20 days.
      Was this review helpful? 5
      , bangalore
      Reviewed on Sep 14, 2019
    • Aditya Birla Finance Personal Loan
      "Good Loan service"
      0.5 5.0/5 "Blown Away!"
      Purchased the personal loan 1 month ago. Its zero documents process and i have uploaded the documents through online thats the reason i opted the loan through Aditya Birla. Loan amount is Rs. 1 lakh and the rate of interest is 13.75%. I am paying the EMI amount of Rs. 6750 for the loan amount of Rs. 1 lakh.
      Was this review helpful? 5
      , pune
      Reviewed on Aug 31, 2019
    • Aditya Birla Finance Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The interest rates are little bit higher but that is fine. I got the money within 5 days. There is no much procedure to get the loan which is good for us. They have offered me a interest rate of 12%. I have applied the loan through local guy who referred the loan to take from Aditya Birla Finance.
      Was this review helpful? 6
      , jaipur
      Reviewed on Aug 25, 2019
    • Aditya Birla Finance Personal Loan
      "Need improvemnet in customer service e"
      0.5 1.0/5 "Really Bad"
      I have selected personal aditya birla personal loan 1 lakhs tenure 3 years , EMI Rs 3000, one time is applicable, Rate of interested 21 percentage is very high , customer service is not responding There is delay disbursal loan amount, documents submitted through executive and on line.
      Was this review helpful? 2
      , new delhi
      Reviewed on Aug 17, 2019
    • Aditya Birla Finance Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      From ADITYA BIRLA FINANCE LIMITED I have taken a personal loan on 1 year before which was processed directly to them. The process was smooth and sanctioned the loan amount on time. The amount was sufficient for the tenure of 5 years. The rate of interest and fee are nominal.
      Was this review helpful? 4
      , mumbai
      Reviewed on Aug 05, 2019
    • Aditya Birla Finance Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan in ADITYA BIRLA FINANCE LIMITED on 1 year before which was processed directly to them. I have taken a loan for 60 thousands for the tenure of 6 months. They have sanctioned the loan on time. The rate of interest is nominal for this loan.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jul 31, 2019
    • Aditya Birla Finance Personal Loan
      "Average"
      0.5 1.0/5 "Really Bad"
      I had applied personal loan though aditya bank for emergency, i was gone with manual documentation process staff visited my office and collected the documents. My loan was sanctioned for 50 thousand with high rate of interest and for about 24 months.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 25, 2019
    • Aditya Birla Finance Personal Loan
      "Good esrvice"
      0.5 4.0/5 "Great!"
      I have taken my personal loan with ADITYA BIRLA . I have to go through a easy process while applying. There was not so much documentation work to be carried. Everything happened on-line and it was quick. Things were taken care as i was in need. The customer service works great, they respond to your query.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 09, 2019
    • Aditya Birla Finance Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan in ADITYA BIRLA FINANCE LIMITED on one month before which was processed directly to them. The process was smooth and on time loan got sanctioned. For the tenure of 5 years they have given the loan with sufficient amount. The rate of interest and fee are medium.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 08, 2019
    • Aditya Birla Finance Personal Loan
      "Need to improve customer service"
      0.5 1.0/5 "Really Bad"
      I have taken a personal loan in ADITYA BIRLA FINANCE LIMITED few months before which was processed directly to them. The amount was sufficient for this loan for the duration of 3 years. The rate of interest is a bit high. The customer support is not good in response. I use to get many calls for the same details from each executives.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jul 06, 2019
    • Aditya Birla Finance Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have been holding my personal loan with Aditya birla a year back, the loan amount which they have given me was not up to the requirement i asked for 1,00,000 they have given me less, their customer care service is not good, they do not resolve my issue ever, in on line no updation is made.
      Was this review helpful? 5
      , mumbai
      Reviewed on Jun 23, 2019
    • Aditya Birla Finance Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with ADHITYA BIRLA .They provide high rate of interest and it is nominal in the market .The processing fee is also nominal and tenure period is sufficient . So far it has been good experience with this bank . Loan amount is is very low . Process was delay .
      Was this review helpful? 10
      , jaipur
      Reviewed on Jun 12, 2019
    • Aditya Birla Finance Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I took a personal loan from the ADHITYA BIRLA , the tenure period is fine . I use to pay EMI every month .The interest rate was also comparatively nominal . Overall I am all happy with the loan experience with the adhiya birla was fine . Loan amount is satisfactory .
      Was this review helpful? 4
      , ghaziabad
      Reviewed on Jun 09, 2019
    • Aditya Birla Finance Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken personal loan through Aditya Birla Finance limited.The rate of interest and the processing fee was very high since had a requirement taken the loan .I have applied for the loan amount of 3lakhs for the tenure of 3 years.The loan got sanctioned on time and it was sufficient as well.The process was very smooth .
      Was this review helpful? 4
      , bangalore
      Reviewed on May 30, 2019
    • Aditya Birla Finance Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I had taken my personal loan from ADITYA BIRLA a while back and the process in getting the loan was pretty much simple. The loan amount was fine but the interest rate is around 22% which is high and the processing fee and charges where also high. Their customer support team was quite helpful at times.
      Was this review helpful? 3
      , hyderabad
      Reviewed on May 12, 2019
    • Aditya Birla Finance Personal Loan
      "Average"
      0.5 2.5/5 "Just OK"
      I was taken one personal loan from aditya birla last one years bank , my tenure is six month and last six month back I closed that loan , and my loan amount was 33k , and EMI amount was 5908k, and here 3k extra pay and closed that loan , and their customer service was good ,
      Was this review helpful? 8
      , new delhi
      Reviewed on May 06, 2019
    • Aditya Birla Finance Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had in getting my Personal loan from ADITYA BIRLA has been quite a good experience, where the process in getting the loan was simple. The loan amount has been sufficient and the interest rate which they where offering has been less. They did not made any sort of additional charges so far for this loan.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Apr 29, 2019
    • Aditya Birla Finance Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Recently i have been applied for my personal loan with Aditya birla bank , The loan amount they have given to me is good based on my requirement i got loan amount, the rate of interest they have charged me was nominal,the process in getting loan was simple and quick.
      Was this review helpful? 3
      , mumbai
      Reviewed on Apr 22, 2019
    • Aditya Birla Finance Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I got my personal loan with ADITYA BIRLA. I applied the loan online . I applied for 500000 and I got the same amount. The banking process is very quick within week i got my loan amount . The service is very good of this bank and i receive the loan amount on time .
      Was this review helpful? 3
      , mumbai
      Reviewed on Apr 19, 2019
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