Aditya Birla Capital Personal Loan

Aditya Birla Finance offers personal loans with easy paperwork and flexible options. The interest rate starting at 10.99%. You can get a loan of up to ₹15 lakh for things like travel, medical needs, or home repairs. You can choose to repay the loan over a period of up to 36 months, based on what suits you best.

Aditya Birla Capital Personal Loan
Zero Part-Payment Fee
100% Paperless Approval
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Loan Amount
Up to ₹50L
Interest Rate
10.99%
Tenure
7 Years
Processing Fee
3.00%
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Fees & Eligibility
Fees & Charges
  • Closing the loan early has a fee.
  • 4% charge if closed in the 1st year.
  • 3% charge if closed in the 2nd year.
  • 2% charge if closed after 2 years.
  • No charges on part payments.
Eligibility Criteria
  • You should be a full-time employee at Aditya Birla Financial Services Group.
  • Your age must be between 23 and 60 years.
  • Your monthly take-home salary should be ₹45,000 or more.
Documents
  • Submit PAN card, valid address proof, government ID, last 6 months bank statement, and last 3 months salary slips.
Features
What you'll love
  • No need for a guarantor
  • You can pay off the loan early, but only after 6 months
  • Option to make partial payments
Loan Benefits
- Borrow up to ₹15 lakh
- No paperwork required
- Fixed interest rate for the full loan period
- Get a loan fast
- No collateral or security needed
- Choose repayment time from 6 to 36 months
- Simple and smooth application process
- Low and affordable interest rates
- Quick online approval
Proof of identity
You’ll need to provide an ID, such as your PAN card, Aadhaar card, or passport.
Proof of address
You’ll need to show proof of where you live, like your Aadhaar card, PAN card, or ration card.
Other documents
- ABFL will use your PAN card to check your credit record.
- Your bank statements may be needed for a better offer, but an initial offer can be given without them.
- Aditya Birla Finance may ask for extra documents if required.

Eligibility for Aditya Birla Finance Personal Loan

Before you apply for a personal loan with Aditya Birla Finance, you need to meet certain eligibility requirements:

  • For salaried individuals: You must have a regular job with a steady income.
  • For self-employed professionals and businesses: Business loans are available instead of personal loans.
  • Minimum Age: You must be at least 23 years old to qualify.

How Aditya Birla Finance Compares with Other Lenders

LenderInterest RateProcessing FeeForeclosure ChargesLate Payment Fee
Aditya Birla CapitalFrom 10% p.a.Contact the lender for more detailsNot Applicable (NA)NA
Bank of IndiaFrom 10.85% p.a.Contact the lender for more detailsNot Applicable (NA)Contact the bank for details
Kotak Mahindra BankFrom 10.99% p.a.5% of the final loan amount + taxes2% to 4% of the outstanding amount3% of the overdue amount per month
HDFC BankFrom 10.85% p.a. to 24% p.a.Up to Rs.6,500 + GSTBetween 2% and 4% of the total outstanding loan balance.You’ll be charged 2% of the pending amount every month.
Frequently Asked Questions
How quickly can a personal loan be approved by ABFL?

If you apply online, approval can be received in as little as 30 minutes.

How can I know the current status of my personal loan application?

Log in to your account on Aditya Birla Finance Limited. You also get updates through SMS, email, and the mobile app.

How does ABFL decide my personal loan eligibility and amount?

The loan amount depends on your income, credit score, existing loans, and monthly EMI obligations.

What are short-term and medium-term personal loans?

Short-term loans usually have a tenure of up to 12 months, while medium-term loans range between 12 and 36 months.

Do I need to submit many documents for a personal loan?

Basic documents are required initially, but additional documents may be asked based on your profile.

Can I apply for an ABFL personal loan online?

Yes, you can apply online for a faster and more convenient loan process.