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What is Personal Finance?

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.

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    Competitive interest rates
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    Quick and transparent processing
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    Convenient repayment options

Features of Our Personal Loan

Explore the benefits of our Personal Loan

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Interest Rates

Enjoy low personal loan interest rates for affordable repayments.

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Eligibility Criteria

Check your Aditya Birla Capital Personal Loan eligibility and get a collateral-free financial solution.

Compare Our Personal Finance Products

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): 

  • Rs. 25K (for Mumbai and Delhi), 

  • Rs. 20K for Tier 1 cities and Rs. 18K for Tier 2,3 and 4 cities.

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

Personal Finance:
Interest Rates Available

image Loans up to 12 months
Loans up to 12 months - The Short Term Reference Rate (STRR) would be considered which is 19.25% p.a. w.e.f. March 23, 2023
image Loans more than 12 months
The Long Term Reference Rate (LTRR) would be considered which is 20.25% p.a. w.e.f. March 23, 2023

Personal Finance: Fees & Charges

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

ABC Of Calculators

PERSONAL LOAN AMOUNT
Tenure (1 to 30 Years)
Rate of Interest (7 to 11%)
I CAN PAY EMI OF
Tenure (1 to 30 Years)
Rate of Interest (7 to 11%)

Your estimated EMI amount

0

Total Interest

0

Total Payout

0
CURRENT AGE
MONTHLY INCOME
YOUR CURRENT MONTHLY OBLIGATIONS

You are eligible for a loan of

0*
For a tenure of0 years

EMI @ 9% Interest Rate

0*

Customer Satisfaction Stories

Hear from our happy customers what they have to say about their experience with us.

Different financial needs, different loans,
one app - ABCD

For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.

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    Range of loan options for different needs 
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    Quick sanctions and disbursals

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Portfolio Track

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    Consolidate assets, liabilities
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FAQs on Personal Finance

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.

Our Lending Partners

 

 

Aditya Birla Capital Limited


10th Floor, R-Tech Park, Nirlon Complex, Goregaon, Mumbai - 400063, CIN: L67120GJ2007PLC058890, GRO Details: Mr. Arijit Sen, 9820023959, grievance.finance@adityabirlacapital.com