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Aditya Birla Finance Personal Loan – Apply 2024
Enjoy the life to the fullest without worrying about the expenses. Get your happiness funded by Aditya Birla Finance personal loan. The company provides personal loan for the amount ranging from INR 50,000 up to the maximum amount of INR 5,00,000. The interest is charged at the rate of 14% p.a. Prepayment of loan is not allowed till 6 months from disbursement. No processing fee is charged and no collateral is required to avail the loan.
Features and Benefits
- Quick disbursal
- No Income Documents Required
- Competitive rate of interest
- Easy repayment service
- No security or guarantor required
Aditya Birla Finance Personal Loan Interest Rates 2024
| Particulars | Details |
|---|---|
| Interest Rates | 13.50% - 25% |
| Loan Amount | - INR 50,000 - INR 7,00,000 - INR 50,000 - INR 5,00,000 (No Income Documents Required only KYC Required) - 5 Lacs & above ( Six Month Bank Statement Required) |
| Maximum Tenure | Up to 48 months (4 Years) |
| Repayment Option | ECS/ NACH |
| Processing Fees | 2.5% of the loan amount + GST |
| Prepayment Charges | NIL, permissible after 6 months of disbursement |
| Security/ Collateral | Not required |
| Penal Charges | 2% per month |
| Cheque Return Charges / ECS Failure Charges | INR 750 per instance |
| Cancellation Charges | 4% of the amount disbursed |
| CIBIL Report Retrieval Fee | INR 50 per instance for consumer |
Aditya Birla Finance Personal Loan EMI Calculator
The simplest way to calculate the amount of EMI is by using a personal loan EMI calculator online. This device eases the calculation and computes the accurate amount of your monthly installments. You can even know the total repayment amount you are liable to pay at the end of tenure. This smart device with its simple algorithm and fastest process gives you the results in just a few seconds.
For your better understanding, below is a table showing the calculations of INR 2 Lakh loan amount, taken for a tenure of 5 years at an interest rate of 14% per annum.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
| LOAN AMOUNT | INTEREST RATE | TENURE | MONTHLY INSTALMENT | TOTAL INTEREST AMOUNT | TOTAL AMOUNT |
|---|---|---|---|---|---|
| ₹ 2,00,000 | 14% | 1 | ₹ 17,957 | ₹ 15,489 | ₹ 2,15,489 |
| ₹ 2,00,000 | 14% | 2 | ₹ 9603 | ₹ 30,462 | ₹ 2,30,462 |
| ₹ 2,00,000 | 14% | 3 | ₹ 6836 | ₹ 46,079 | ₹ 2,46,079 |
| ₹ 2,00,000 | 14% | 4 | ₹ 5465 | ₹ 62,334 | ₹ 2,62,334 |
| ₹ 2,00,000 | 14% | 5 | ₹ 4654 | ₹ 79,219 | ₹ 2,79,219 |
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
| YEAR | PRINCIPAL | INTEREST | BALANCE AMOUNT |
|---|
| 1 | ₹ 29,701 | ₹ 26,142 | ₹ 1,70,298 |
| 2 | ₹ 34,137 | ₹ 21,706 | ₹ 1,36,160 |
| 3 | ₹ 39,235 | ₹ 16,608 | ₹ 96,925 |
| 4 | ₹ 45,095 | ₹ 10,749 | ₹ 51,829 |
| 5 | ₹ 51,883 | ₹ 4014 | ₹ 0 |
Eligibility Criteria
The candidates fulfilling the following conditions are eligible to avail the loan:
- Minimum age at the time of application should be 23 years
- Maximum age at time of loan maturity should be 60 years (salaried) or 55 years (self-employed)
- The minimum net monthly income should be INR 25,000
Documents Required
Following documents are to be attached along with the application form:
- Selfie
- KYC documents
List of KYC documents:
| ID Proof | Address Proof |
|---|---|
| Passport | Passport |
| PAN Card/ Aadhaar Card | Telephone Bill |
| Driving License | Electricity Bill |
| Voter ID | ID Card Issued by Post Office |
| Government ID Card | Bank Statement with Cheque |
| Senior Citizen ID Card | Any other ID proof or address proof document can be submitted subject to lender's satisfaction |
How To Apply
You can apply for Aditya Birla Finance personal loan through a variety of channels :
- Apply Online
- Download the form from official website
- Call on 1800-270-7000
- Email at [email protected]
Aditya Birla Personal Loan Customer Care Number
In order to get in touch with the customer care executives of Aditya Birla Finance, you just need to dial 1800-270-7000 or write to us at [email protected]. With the help of dialing the same, all your complaints, queries or concerns will come to an end. These executives with their expert skills and highly supportive nature resolve all your problems in the least time frame.
Aditya Birla Personal Loan Status
Want to know the real-time status of your personal loan application in Aditya Birla? If yes, nothing to worry as knowing the same is no more a hassle. With the help of using an online facility, you can easily track the current status of your personal loan application. An applicant simply needs to login to the account and from over there, it would be easier for him/her to know the updated personal loan application status. With this online facility, just from the comfort of your home, office or no matter where you are, it is no more a hassle to know whether your loan application is approved, pending or rejected.
Factors Affecting Personal Loan Eligibility
The factors that affect Personal loan eligibility are:
- Monthly Income
- Age
- Monthly Expenses
- Any Other Loan
- Credit History
- Job Stability
- Relationship with the Bank
- Category of Your Employer
Aditya Bilra Capital Grievance
Mr. Arijit Sen
Tel.No - 080- 45860196
Email-ID - [email protected]
To Know More Details:- https://personalfinance.adityabirlacapital.com/
