Introduction
Aditya Birla Finance offers personal loans with interest rates starting from 14% p.a., providing flexible loan tenures of up to 60 months and loan amounts of up to Rs. 50 lakh. These loans are designed to cater to various personal financial needs, including medical expenses, weddings, travel, or debt consolidation.
Aditya Birla personal loans come with quick approval, minimal documentation, and no collateral requirement. Additionally, the loans offer flexible repayment options, ensuring that borrowers can easily manage their finances while meeting immediate personal requirements.
Aditya Birla Personal Loan Highlights
| Interest Rate | 10.75% p.a. onwards |
| Loan Amount | Up to Rs 25 lakh |
| Tenure | Up to 5 years |
| Processing Fees | Up to 2% of loan amount |
| Minimum Monthly Income | For Corporate Borrowers: Rs 25,000For Non-corporate Salary Borrowers: Rs 30,000Employee of HDFC Bank: Rs 20,000 |
Types of Aditya Birla Personal Loans
| Type of Loan | Purpose | LTV Ratio | Tenure | Special Features |
| Personal Loan | General personal expenses | N/A | 5 years | Quick disbursal, minimal documentation |
| Wedding Loan | Cover wedding expenses | N/A | 5 years | Customizable repayment options |
| Travel Loan | Fund travel plans | N/A | 5 years | Competitive interest rates |
Aditya Birla Personal Loan Features & Benefits
- Zero Collateral: No need to mortgage property.
- Loan Amount & Tenure: Avail up to ₹25 lakhs for a tenure of 5 years.
- Interest Rates: Attractive rates starting at 10.75% p.a.
- Digital KYC: Easy documentation with video KYC using Aadhar Card.
- Flexible Repayment Options: Tailor the repayment schedule to fit your financial situation.
Aditya Birla Personal Loan Interest Rate
| Customer Type | Effective Rate Of Interest |
| For Salaried | 10.75% – 18% per annum |
| For Self-employed | 11.50% – 19% per annum |
Aditya Birla Personal Loan Processing Fees and Charges
| Fee Type | Details |
| Processing Charges | Up to 2% of loan amount |
| Stamping Charges | As per respective State’s Stamp Act |
| Overdue Interest | 2% per month |
| Credit Appraisal Charges | Up to ₹5000 + GST |
| Credit Administration Charges | Up to ₹3000 + GST |
| Collection Charges | 2% + GST of cheque/instrument dishonor charges + overdue interest |
| Dishonor Charges per instance | ₹500 + GST |
| Foreclosure Charges | 4% + GST |
| Part Pre-payment Charges | ₹2000 + GST per instance |
| No due | NIL |
| Duplicate Issue of NOC | NIL |
| Copy of CIBIL | ₹200 + GST |
| Copy of Records | ₹500 + GST |
Eligibility Criteria for Aditya Birla Personal Loan
| Requirements | Salaried | Self-Employed |
| Residency | Indian/NRI | Indian/NRI |
| Age | 21 – 58 years | 25 – 65 years |
| CIBIL Score | 750 and above | 750 and above |
| Minimum Net Income | ₹25,000 per month | ₹30,000 per month |
Documents Required for Aditya Birla Personal Loan
- ID Proofs: Passport, Aadhar card, driving license, voter ID, PAN card
- Residential Proofs: Passport, utility bill, leave and license agreement
- Bank Statement: Past 3 months
- Salary Slip: Last 3 months
- Photographs: 2-3 passport size
Aditya Birla Personal Loan EMI Calculator
Calculate your EMI using Aditya Birla’s online EMI calculator. Simply enter the loan amount, tenure, and interest rate to get an estimate of your monthly payments. [Link to EMI Calculator]
Tips to Improve Loan Approval Chances
- Improve Credit Score: Maintain a CIBIL score of 750 and above.
- Reduce Existing Debt: Lower your existing debt before applying.
- Stable Income: Ensure consistent and stable income to meet eligibility criteria.
How to Apply for a Personal Loan at Aditya Birla?
- Visit the Aditya Birla website or nearest branch.
- Click on ‘Apply Now’.
- Provide your personal and income details.
- Select ‘Aditya Birla’ from the list of lenders.
- Choose your preferred loan amount and repayment tenure.
- Submit the application.
- Following the verification of your application, a Aditya Birla executive will contact you for further proceedings.
Types of Aditya Birla Personal Loans
Reiterate the types of personal loans available with brief descriptions:
- Personal Loan: Quick funds for general expenses.
- Wedding Loan: Manage wedding expenses smoothly.
- Travel Loan: Fund your dream vacation with ease.
Practical Use Cases
- Personal Loan: Cover emergency expenses with quick processing.
- Wedding Loan: Manage wedding costs with customizable repayment options.
- Travel Loan: Get immediate financial assistance for your travel plans.
Why Apply for Personal Loans through Grow Associates?
- Offers from Top Lenders: 30+ partner Banks/NBFCs/Fintechs provide the best available loan at one place.
- Compare & Choose: Easily compare loan offers from top banks, NBFCs, and fintechs to choose the best option.
- Personalized Solutions & High Approval Chances: Personal loan offers are ranked according to your credit score and eligibility factors, maximizing your chances of approval.
- Pre-Approved Loans: Access pre-approved personal loan offers based on your credit health.
- End-to-end Assistance: From loan selection to fund disbursement, [Platform/Agency Name] assists you at every step.
Compare Aditya Birla Personal Loan with Other Banks
| Feature | Aditya Birla | HDFC Bank | Kotak Mahindra Bank | Yes Bank |
| Interest rate | 10.75% p.a. onwards | 10.50% p.a. onwards | 10.99% p.a. onwards | 20% p.a. onwards |
| Processing fee | Up to 2% + GST | Up to 2.5% + GST | Up to 3% + GST | 2% + GST |
| Foreclosure charges | 4% of the outstanding loan amount | 4% of the outstanding loan amount | 5% of the outstanding loan amount | 0% to 4% of the outstanding loan amount |
| Late payment fee | 2% of the overdue amount per month | 2% of the overdue amount per month | 3% of the overdue amount per month | 2% of the overdue amount per month |
Brief Summary
Aditya Birla’s personal loan is an ideal solution for anyone in need of quick funds to meet financial needs. With competitive interest rates, flexible repayment options, and a hassle-free application process, Aditya Birla ensures you have the financial support you need when you need it most.
FAQs
- What is the maximum loan amount I can avail of from Aditya Birla Personal Loan?
You can avail a maximum loan amount of up to ₹25 lakhs, depending on your eligibility and credit profile.
- What are the interest rates for Aditya Birla Personal Loans?
The interest rates for Aditya Birla Personal Loans start from 10.75% per annum. The exact rate may vary based on your credit score, loan amount, and tenure.
- How do I apply for an Aditya Birla Personal Loan?
You can apply for an Aditya Birla Personal Loan by visiting their official website or the nearest branch. Click on ‘Apply Now,’ fill in your personal and income details, choose your loan amount and tenure, and submit the application. An executive will contact you for further processing.
- What documents are required for an Aditya Birla Personal Loan?
The documents required include:
- ID Proofs: Passport, Aadhar card, driving license, voter ID, PAN card.
- Residential Proofs: Passport, utility bill, leave and license agreement.
- Bank Statement: Past 3 months.
- Salary Slip: Last 3 months.
- Photographs: 2-3 passport size.
- Can I foreclose my Aditya Birla Personal Loan?
Yes, you can foreclose your Aditya Birla Personal Loan. The foreclosure charges are 4% of the outstanding loan amount, plus applicable GST.
