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It is a range of financial solutions and strategies designed to help you meet expected and unexpected financial needs. These convenient financing solutions can cover a wide range of expenses, from consolidating debt and financing medical emergencies to pursuing educational goals and fulfilling lifestyle aspirations.
Explore the benefits of our Personal Loan
A quick glance at how personal finance solutions differ from each other
PRODUCT TYPE | PERSONAL LOAN | FLEXI LOAN |
---|---|---|
Purpose |
Consolidating debt, financing medical expenses, pursuing education, fulfilling lifestyle aspirations | To get funds instantly and repay the loan at your convenience. |
Who Can Apply |
Salaried
Age: 21 to 60 years, Credit score: above 750+ Salary (Min/per month):
|
Salaried |
Loan Amount |
Up to ₹50 lakhs | |
Tenure
|
Up to 7 years | Up to 7 years |
Interest Rates |
13% to 28% p.a. | 11% to 16% p.a. |
Processing Fee |
Up to 2.5% of the loan amount | Up to 2.5% of the loan amount |
Additional Features |
No collateral needed | Interest charged only on the utilised amount |
APPLY NOW | APPLY NOW |
Charge Type | Amount |
---|---|
Processing fees | Up to 4% of the loan sanctioned amount |
Cheque Return charges | ₹1000 + GST per instance |
Penal charges (charges levied for non-payment of overdue amount) | 3% p.m. (36% p.a.) on the overdue amount for the delayed period |
Penal charges for non-compliance with material terms and conditions (covenants / stipulated conditions) mentioned in the Sanction Letter / Loan Agreement, wherever applicable | 2% p.a. on the outstanding loan amount till the date of compliance |
Charges for cancellation of Loan |
4% of loan amount disbursed + applicable taxes |
CIBIL report retrieval fees | Rs. 50 per instance for Consumer and Rs. 500 per instance for commercial CIBIL/Credit Report |
Charge for Exchanging PDCs / ECS | ₹750 + GST per instance |
Loan re – schedule charges | ₹5000 + GST per instance |
Stamp Duty | As per Actual if applicable |
Insurance Premium | As per Actual if applicable |
Pre – closure Quote | ₹1000 + GST per instance |
Any other charges | As per Actual if applicable |
Duplicate No Due Certificate issuance charges | Rs. 500 per instance |
Foreclosure Charges |
For Term Loan:
Upto 4% of the principal outstanding amount For Flexi Loan: Upto 4% of the total withdrawable amount Conditions: Foreclosure is allowed only after 12 months from the date of disbursal of loan. |
Part Pre-payment charges |
For Term Loan:
a) NIL charges – if part pre-payment is equal to 20% of principal outstanding amount b) Upto 4% on remaining loan amount – if part pre-payment is greater than 20% of principal outstanding amount Conditions: a) No pre-payment is allowed in first 12 months from the date of disbursement b) Part pre-payment amount should be equal to OR greater than total of 3 EMIs For Flexi Loan: a) No charges for payments through mobile app/portal. b) Part pre-payment of loan facility toward limit reduction is not available |
Your estimated EMI amount
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₹ 0*EMI @ 9% Interest Rate
₹ 0*Hear from our happy customers what they have to say about their experience with us.
For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.
Scan the QR code to download our Mobile App
You can reach us via:
• Helpline: 1-800-270-7000 — 9 am to 9 pm, Monday to Sunday (closed on national holidays)
• Service Branches: 9.30 am to 6 pm, Monday to Friday and alternative Saturdays (2nd, 4th and 5th Saturdays are working. Branch closed on Sundays and national holidays)
We always strive to offer you a hassle-free experience. To help you control your loan account, we are introducing a unique and completely secure service platform called ABCL Connect. You can access your loan account by using your login credentials - click here (https://finlogin.adityabirlacapital.com/Pages/Secured/OneABC/Login.aspx).
Features of ABCL Connect are:
• View your loan account whenever, wherever
• View and save your amortisation schedule for any future reference
• Make an online request for disbursement
• Change your ECS mandate
• Ask for a top-up loan
• Apply for a new loan
ABCL has a unique set of offerings as mentioned below:
• Customised solutions; hassle-free financing
• Complete transparency in charges and processes
• Quick approvals and minimum processing and disbursement time
• Easy online application process and instant eligibility
• Doorstep services with simplified documentation through service RM’s
• Choose between simple EMIs or structured repayments
• Attractive balance transfer option available to transfer your existing loan to us without any hassles
Any unbanked/unused cheques in the custody of ABCL or ABHFL, such as post-dated cheques, undated cheques, and security post-dated cheques, will be cancelled and destroyed without any intimation to the customer after the closure of the loan account.
This is done to protect the customer from fraud and to ensure that the cheques cannot be used once the loan account is closed.
Aditya Birla Capital offers a comprehensive suite of personal finance products to cater to diverse needs, including:
• Personal Loans: Access funds for a variety of purposes with flexible repayment options and competitive interest rates.
• Flexi Loan: Experience the flexibility to withdraw funds as per your needs and repay conveniently with interest charged only on the utilised amount.
The essential documents typically include
KYC Documents
Address Proof
Income proof (such as salary slips for salaried individuals or recently acknowledged ITR for the self-employed).
Identity proof
Loan Statements
Yes! Along with the interest on the principal amount, there is a non-refundable processing fee of up to 1.5% to 4% of the loan amount when applying for a personal loan.
Aditya Birla Capital Limited