articles

Home / DeveloperSection / Articles / Everything You need Know Before Applying Aditya Birla Finance Personal Loan

Everything You need Know Before Applying Aditya Birla Finance Personal Loan

Everything You need Know Before Applying Aditya Birla Finance Personal Loan

sourav kumar1092 15-Oct-2019

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 for the purchase of a house, vehicle, small home repair, miscellaneous bills, moving expenses, wedding expenses, vacations, children’s higher education 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 described as under:

  • Aditya Birla 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 loan eligibility
  • You can use the loan amount for any purpose whatsoever
  • Existing customers of the Aditya Birla Financial Services Group are exempt from processing fee
  • The loan application process 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 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/ 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.


sourav kumar is passionate blogger. he has 2 year experience in seo. currently working with afinoz as a seo lead.

Leave Comment

Comments

Liked By