Aditya Birla Finance Limited, a subsidiary of Aditya Birla Capital Limited, offers a wide range of financial products and services to meet the diverse needs of individuals. Aditya Birla Personal Loan is one of the popular products offered by Aditya Birla Finance Limited. This personal loan is designed to meet the financial needs of individuals in times of emergency or to meet personal aspirations.
Aditya Birla Finance Personal Loan is a flexible loan that can be availed without any collateral or security. You can get an Aditya Birla Capital Personal Loan of up to 50 lakhs at an attractive interest rate starting at 13% per annum with flexible tenure of up to 7 years. This loan can be used for multiple purposes, such as medical emergencies, home renovation, wedding expenses, travel, or other personal expenses. Here, I will walk you through the features, benefits, and charges of Aditya Birla Personal Loan.
Aditya Birla Personal Loan Review
| Article Topic | Aditya Birla Capital Personal loan |
| Interest Rate | The interest rate starts at 13% per annum. |
| Loan Tenure | Flexible Tenure of up to 7 years |
| Loan Amount | 1 lakh to 50 lakhs |
| Age | 23 to 60 years |
| Processing Fee | 3% of the loan amount + GST |
| Aditya Birla Personal Loan Customer Care Number | 1800-270-7000 [email protected] |
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Aditya Birla Personal Loan Interest Rate
The interest rate for Personal Loan from Aditya Birla Finance Limited depends on several factors, such as your credit score, income, repayment capacity, loan amount, and market conditions. It is subject to change based on these factors and the policies of Aditya Birla Finance Limited.
| Type | Interest Rate (p.a.) |
| Minimum APR | 13.00% |
| Maximum APR | 28.00% |
How is the Aditya Birla Personal Loan interest rate determined?
The interest rate for a personal loan from Aditya Birla Finance Limited is determined based on several factors, which include:
Personal Information: Your information, such as age, income, employment status, and credit history, is considered when determining the interest rate.
Loan Amount: The loan amount you are applying for can affect the interest rate. Higher loan amounts may carry higher interest rates.
Repaying Capacity: Your repaying capacity, or ability to repay the loan on time, is also considered while determining the interest rate.
Market conditions: The interest rate can also be affected by prevailing market conditions, such as the inflation rate and the policy rate set by the central bank.
Credit Score: Your credit score, which reflects your credit history and borrowing behavior, is one of the most necessary factors in determining the interest rate. A higher credit score can result in a lower interest rate.
Features & Benefits of Aditya Birla Personal Loan
Aditya Birla Personal Loan offers several features and benefits to its customers, some of them are:
Doorstep Services: Aditya Birla offers doorstep services, which means the loan process can be completed in the comfort of your home.
Loan Sanction Period: The loan sanction period is quick and efficient, ensuring you receive the funds promptly.
Balance Transfer: The balance transfer facility allows you to transfer your existing high-interest personal loan to Aditya Birla and enjoy a lower Interest rate.
Loan Amount: Aditya Birla Finance Limited offers a personal loan of up to 50 lakhs to its customers at an attractive interest rate with flexible tenure.
Pre-closure Charges: Aditya Birla charges minimal pre-closure charges, making it easy for you to prepay your loan and save on interest.
Low Processing fees: The processing fees charged by Aditya Birla is low compared to other personal loan providers.
Digital Application Process: The digital application process is convenient, secure, and user-friendly, allowing you to apply for a personal loan from anywhere at any time.
Low Rate of Interest: Aditya Birla offers a competitive interest rate on personal loans, making it a cost-effective borrowing solution. Interest rates range between 13% to 28%.
No collateral Required: Personal loan offered by Aditya Birla Finance Limited is unsecured, which means you don’t have to provide any collateral to secure the loan.
Quick Approval & Disbursal: By opting for a personal loan from Aditya Birla Finance Limited, you can get instant approval in 5 minutes through the online facility and disbursement at your bank within 24 hours.
EMI Calculator: Aditya Birla provides an EMI calculator on its website, which allows you to calculate the EMI on your loan based on the loan amount, tenure, and interest rate.
Eligibility Criteria of Aditya Birla Personal Loan
If you want an instant personal loan from Aditya Birla Finance Limited, you must meet the following personal loan eligibility criteria:
- Age: The minimum age of the applicant should be 21 years, and the maximum age should not exceed 60 years.
- Residency: The applicant must be a resident of India.
- Employment: The applicant should be a salaried employee or self-employed professional.
- Income: Applicants must have a monthly source of income. The minimum income required for an Aditya Birla Personal Loan is ₹25,000 per month.
- Employment: The applicant should be a permanent employee with a minimum of two years of work experience.
- Credit Score: The applicant should have a good credit score to increase the chances of loan approval.
Documents Required for Aditya Birla Personal Loan
The following documents are required to apply for an Aditya Birla Personal Loan:
- Identity Proof: PAN card, Aadhar card, or passport.
- Address Proof: Aadhar card, passport, voter ID, or utility bills.
- Income Proof: Last three months’ salary slips, Form 16, and bank statements for the last six months.
- Signature Proof: Passport or PAN card.
Factors Affecting Your Eligibility for Personal Loan
Monthly Income: Monthly income is an essential factor in determining your eligibility for a personal loan. A higher income can increase your chances of loan approval and result in a higher loan amount.
Age: The minimum age required to apply for a personal loan is usually 21 years, and the maximum is between 60-65 years.
Monthly Expenses: Your monthly expenses, such as rent, food, transportation, and other living expenses, can impact your repayment capacity and affect your loan eligibility.
Any other loans: If you already have any loans, such as a home loan or car loan, your repayment capacity may get affected, which may affect your eligibility for a personal loan.
Credit History: Your credit history, which reflects your credit behavior and payment history, is one of the most necessary factors affecting your loan eligibility. A good credit history can increase your chances of loan approval, while a bad credit history can result in rejection or higher interest rates.
Job stability: Lenders prefer to lend to borrowers who have a stable job and steady income, as this gives them more confidence in their ability to repay the loan.
Relationship with the lender: Building a good relationship with the lender can increase your chances of loan approval and result in a lower interest rate.
Your employer’s category: Your employer’s category, such as public sector, private sector, or self-employed, can also affect your loan eligibility. Some lenders may prefer to lend to borrowers who work in a particular sector or who have a certain type of job.
How to get a Personal Loan from Aditya Birla Finance Limited?
Aditya Birla Finance Limited offers personal loans to individuals for multiple financial needs, such as home renovation, travel, medical expenses, wedding expenses, etc. To avail of a personal loan from Aditya Birla Finance Limited, you can follow these steps:
- Eligibility Check: Find out if you are eligible for a personal loan by visiting Aditya Birla Finance Limited’s website or contacting their customer care. The eligibility criteria include minimum age, minimum income, and employment status.
- Document Collection: Collect the required documents like ID proof, Address proof, Income proof, and Bank details.
- Application: You can apply for a personal loan online through the Aditya Birla Finance Limited website or by visiting the nearest branch.
- Processing: Aditya Birla Finance Limited will process your loan application and check your credit score, income, and other eligibility criteria.
- Sanction: If your loan application is approved, you will receive a loan offer with the loan amount, interest rate, and repayment tenure.
- Disbursement: Once you accept the loan proposal, the loan amount will be disbursed to your bank account.
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How to apply for an Aditya Birla Personal Loan?
To apply for Aditya Birla Personal Loan, you can follow the steps mentioned below:
Online Application:
- Visit the website of Aditya Birla Finance Limited and click on the “Apply Now” button for Personal Loan.
- Fill in your personal and financial details, such as your name, contact information, and employment details.
- Submit your application and wait for a response from Aditya Birla Finance Limited. If your application is approved, you will receive a call from the Aditya Birla loan team for further processing.
- Once the loan is approved, you need to submit the required documents for verification. You can either upload the documents online or send them through courier.
- After the completion of the verification process, the loan amount will be disbursed to your account.
Offline Application:
- Visit the nearest Aditya Birla Finance Limited branch and speak to a loan advisor.
- Fill out the personal loan application form and provide the required documents.
- The loan advisor will verify your details and process your application.
- Once the loan is approved, you will receive the loan amount in your account.
Aditya Birla Loan Customer Care Number
The customer care number for Aditya Birla Finance Limited is 1800-270-7000. This toll-free number is available 24/7 for customers to get assistance with their loans and other financial services offered by Aditya Birla Finance Limited.
You can also reach out to Aditya Birla Finance Limited through their customer service email at [email protected] for any queries or concerns.
You can visit their nearest branch for in-person assistance.
FAQ Related to Aditya Birla Personal Loan:
What is the loan amount I can get from Aditya Birla Finance Limited?
The loan amount for an Aditya Birla Personal Loan ranges from ₹1,00,000 to ₹50 lakhs. The loan tenure ranges from 12 to 84 months, providing the borrower with flexible repayment options. The loan amount and repayment tenure are determined based on the individual’s income, credit score, and repayment capacity.
What is the interest rate for Aditya Birla Personal Loans?
The interest rate for an Aditya Birla Personal Loan starts at 13% per annum. The interest rate is determined based on the individual’s credit score, income, and repayment capacity. Aditya Birla Finance Limited offers competitive interest rates compared to other financial institutions.
What is the repayment tenure for Aditya Birla Personal Loans?
The repayment of an Aditya Birla Personal Loan can be done through Equated Monthly Instalments (EMIs). The EMI amount is determined based on the loan amount, interest rate, and loan tenure. The borrower can choose a convenient repayment option that suits their financial situation.
What documents do I need to provide for an Aditya Birla Personal Loan?
You will need to provide ID proof, address proof, income proof, and bank statement as part of the documentation process for an Aditya Birla Personal Loan. The exact list of required documents may vary based on your circumstances.
Is there a processing fee for Aditya Birla Personal Loans?
Yes, there is a processing fee for Aditya Birla Personal Loans. The processing fee varies based on the loan amount and other factors. You can contact their customer service to know the exact processing fee for your loan.
How long does it take to get an Aditya Birla Personal Loan disbursed?
The disbursement time for the Aditya Birla Personal Loan may vary depending on the loan amount and other factors. By opting for a personal loan from Aditya Birla Finance Limited, you can get instant approval in 5 minutes through the online facility and disbursement at your bank within 24 hours.
What is Aditya Birla Personal Loan Customer Care Number, and How to Contact it?
The customer care number for Aditya Birla Finance Limited is 1800-270-7000. This toll-free number is available 24/7 for customers to get assistance with their loans and other financial services offered by Aditya Birla Finance Limited. You can also reach out to Aditya Birla Finance Limited through their customer service email at [email protected] for any queries or concerns.
