Unlike different other types of loans, a personal loan is not bound for any specific purpose, and it is the best feature of it. It can be used for anything from paying for a vacation to paying for a wedding or even paying off bills, and Aditya Birla Finance Personal Loan is no exception. Personal loan by this bank is available on attractive rates of interest for the high loan amount, which is useful for most purposes. One of the unique features of this bank is that it has some distinct feature that every bank in India does not provide.
Why go for Aditya Birla Personal Loan
- The attractive interest rate on different types of personal loan.
- Fast approval of the loan.
- No major documentation required for the sanction of loan.
- No change in the interest rate during the tenure of the loan.
- Loan amount up to 15 Lakhs.
Eligibility for Aditya Birla Personal Loan
Salaried
Profession: The person should be working in a government, private or MNC Company.
Eligible Age: The Minimum age to apply for a Personal Loan is 21 years, and the maximum is 60 years.
Minimum income: The person should be getting a minimum of 18,000p.m. Salary.
Work Experience: The applicant should have at least three years of working experience, and more than three months of experience in the current company.
CIBIL score and EMI percentage: The minimum CIBIL score required for Personal Loan is 650 & maximum EMI should be not more than 65% of monthly income.
Self-Employed
Profession: The Person should be professionals like Doctors, CA, CS, Architects, Lawyer, or, doing his own business.
Eligible Age: The minimum age to apply for a personal loan is 23 years, and the maximum is 65 years.
Minimum income: The minimum revenue from business or the profession should be not less than 25,000p.m.
Work Experience: The person should have at least three years of his professional experience.
CIBIL score and EMI percentage: The minimum CIBIL score required for Personal Loan is 650 & maximum EMI should be not more than 65% of monthly income.
Aditya Birla Personal Loan Interest rate
The interest rate may vary from 14% to 26% per annum. The rate of interest offered by Aditya Birla is as per the prevailing market trends, yet competitive compared to most of the market players. The interest rates are indicative only, and the final rate offered would vary and calculated based on below-mentioned points.
- Profile of Customers
- Tenure of the Loan
- Geography of residence
- Nature of Collateral (If provided)
- Prior/existing relationship with the Bank.
Documents Required
Salaried
- Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
- Address proof: Ration card, Passport, Rent agreement, electricity/water bill.
- Last six months Bank statement & 3 months’ salary slip
- Latest form 16
- PAN card
Self-Employed
- Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
- Address proof: Ration card, Passport, rent agreement, electricity/water bill.
- Latest six months of Bank statement.
- Latest ITR along with computation of income along with P/L audited by certified CA for the previous two years.
Tenure
Tenure is the time period for which you get the loan; here it is for one to five years.
How to apply for Aditya Birla Personal Loan?
Visit lendingwale.com and fill all your required details like Name, age, income, etc.
Our relationship manager will contact you as soon as possible and help you get your loan approved.
About Aditya Birla
Aditya Birla Finance Limited provides diversified financial services in India. The company offers solutions in the areas of personal and business loans, corporate finance, mortgages, capital market-based lending, project loans, structured finance, wealth management and digital credit, debt capital markets, and syndication. It serves retail, HNI, ultra HNI, micro enterprises, SME, and mid and large corporates. The company was formerly known as Birla Global Finance Ltd. and changed its name to Aditya Birla Finance Limited in February 2010. Aditya Birla Finance Limited was incorporated in 1991 and is based in Mumbai, India. Aditya Birla Finance Limited is a subsidiary of Aditya Birla Capital Limited.
FAQs(Frequently Asked Questions)
Q1. Why should I take a personal loan from Aditya Birla?
Ans: Aditya Birla provides a Personal Loan at a shallow interest rate with the low EMI options. Furthermore, the bank processes the Loan very fast and without any hassle.
Q 2. What interest is charged by Aditya Birla on a personal loan?
Ans: Personal loan interest rates generally start from 14%. However, it changes from time. Besides that, it also depends on the profile of the applicant.
Q 3. What is the tenure of Personal Loan?
Ans: The loan tenure of the Personal Loan is One year to Five years.
Q 4. How much Personal Loan amount I can borrow from Aditya Birla?
Ans: The applicant can get a loan amount of Rs. One Lakh to a maximum amount of Rs.30Lakhs, depending on the professional background.
Q 5. How much does the Aditya Birla charge a processing fee on a personal loan?
Ans: The processing fee charged is about 1%.
Q 6. Is age an eligibility factor in getting a personal loan?
Ans: Yes, age is a factor to apply for a personal loan. The minimum age of the applicant should be 21 years, and it can be maximum 60years.
Q 7. Are there any prepayment charges on a personal loan from Aditya Birla?
Ans: Yes, the pre-closure charges are 4% of the outstanding amount.
Q8. How can I get a personal loan with low CIBIL score?
Ans: You cannot get a personal loan with low CIBIL score; however, you can go for a gold loan.
Q9. How to check Aditya Birla Personal Loan EMI?
Ans: You can check your monthly EMI by our EMI calculator.