--- title: "Everything You need Know Before Applying Aditya Birla Finance Personal Loan" description: "A personal loan is the best option for individuals to fulfill financial emergency they may experience in buying a house, vehicle, small home renovatio" author: "sourav kumar" published: 2019-10-15 updated: 2019-10-15 canonical: https://www.mindstick.com/articles/208937/everything-you-need-know-before-applying-aditya-birla-finance-personal-loan category: "finance" tags: ["personal loans", "personal loans online"] reading_time: 4 minutes --- # Everything You need Know Before Applying Aditya Birla Finance Personal Loan Aditya Birla Finance Limited (ABFL) is one of the leading well-diversified finance services companies in India. It caters to various needs of diverse customers, including retailers, HNI, ultra HNI, micro enterprises, SME, and large corporates through a variety of channels. ## Aditya Birla Personal Loan Aditya Birla offers a personal loan for salaried professionals with a good [credit score](https://answers.mindstick.com/qa/108603/what-are-the-top-tips-for-improving-credit-score) for the purchase of a house, vehicle, small home repair, miscellaneous bills, moving expenses, wedding expenses, vacations, children’s [higher education](https://answers.mindstick.com/qa/32067/which-indian-university-has-been-ranked-among-top-10-in-times-higher-education-the-s-2017-world-s-best-small-universities) etc. ABFL provides a personal loan online with minimal documentation. ### Features & benefits of Aditya Birla Personal Loan Aditya Birla Finance personal loan has a wide range of [features and benefits](https://answers.mindstick.com/qa/51733/what-is-html5-describe-about-the-features-and-benefits-using-html5-in-web-programming) [described as](https://answers.mindstick.com/qa/38444/who-will-head-the-3-member-committee-appointed-by-the-supreme-court-to-reform-the-medical-council-of-india-mci-which-the-supreme-court-described-as-unprofessional) under: - Aditya Birla [personal loans](https://www.mindstick.com/blog/94366/personal-loans) come with a flexible repayment option up to 60 months - You can get a personal starting from Rs. 25, 000 to Rs. up to Rs. 15 lakhs - ABFL personal loans have convenient repayment options through ECS/NACH - No security or collateral is required to get the personal loan - You can add the income of the co-applicant to [improve your](https://yourviews.mindstick.com/view/82588/4-ways-manufacturing-solutions-can-improve-your-organization-s-efficiency) loan eligibility - You can use the loan amount for any purpose whatsoever - Existing customers of the Aditya Birla [Financial Services](https://answers.mindstick.com/qa/35628/which-of-the-following-india-s-first-women-oriented-bank-aimed-at-providing-loans-and-financial-services-to-women) Group are exempt from processing fee - The loan [application process](https://answers.mindstick.com/qa/107304/how-does-the-life-insurance-application-process-work) is completely online and customers don’t need to visit ABFL office ### Aditya Birla Finance Personal Loan Eligibility Criteria: Resident Indians and Non Residents Indians (NRIs) with the following eligibility can get a personal loan from Aditya Birla Finance. - Salaried individuals aged between 23 to 60 years old when the loan is sanctioned can apply for the loan - The applicant should have a good credit score - The eligible loan amount and [interest rate](https://answers.mindstick.com/qa/114564/how-is-the-us-federal-reserve-s-interest-rate-policy-impacting-global-markets) will vary from applicant to applicant ### Documents required for Aditya Birla Finance Personal Loan You need to provide the following documents to get a **personal loan from Aditya Birla Finance**. - Filled up the loan application form with duly signed passport size photos - Identity proof: Voter ID/ Aadhaar Card/ Passport/ [Driving License](https://yourviews.mindstick.com/view/86575/maruti-suzuki-comes-up-with-innovative-automated-driving-license-tracks-in-up)/ PAN Card - Residential Address proof: Registered Rent Agreement/ Utility Bill (not more than3months old)/ Passport - Income proof: Salary slips for the past 3 months - Bank statement showing salary being credited for the past 6 months - You can provide additional income documents to improve your eligibility for a personal loan ### Aditya Birla Finance Personal Loan Interest Rate & Processing Fee ## Aditya Birla Personal Loan Interest Rate Aditya Birla offers a personal loan at an attractive interest rate starting from 14% p.a. to 26% p.a. Special Note: Rates are indicative and actual interest rate offered is subject to eligibility, verification and checks as per internal policy ## Processing fee Processing fee applicable is 1-2% of the loan amount plus GST. ## FAQs ## Query – Is there any discount for employees of Aditya Birla Group? **Ans-** Employees of Aditya Birla Financial Services Group are exempt from processing charges on a personal loan from Aditya Birla Finance. ## Query- How can I access my loan account information online? **Ans-** You access your loan account information online through ABFL Connect, a unique and secure platform. ## Query- Can I make a partial prepayment for a personal loan from Aditya Birla Finance? **Ans-** No prepayment or partial payments is allowed till the first 6 months of loan disbursal. **Query- Do I need to provide any collateral or guarantor to get a personal loan from Aditya Birla Finance?** **Ans-** Aditya Birla Finance offers an unsecured personal loan, hence you don’t need to provide any collateral or security to get a personal loan. --- Original Source: https://www.mindstick.com/articles/208937/everything-you-need-know-before-applying-aditya-birla-finance-personal-loan Copyright © MindStick Software Pvt. 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