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Personal LoanMeet all your dreams and needs with a collateral-free Personal Loan
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Instant Personal LoanGet quick funds with Aditya Birla Capital Instant Personal Loan
Long Term Personal LoanEnjoy affordable repayments and a flexible tenure with Aditya Birla Capital
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Personal Loan Interest RatesEnjoy low personal loan interest rates for affordable repayments
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Aditya Birla Capital LimitedAditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 66,000 employees, the businesses of ABCL have a nationwide reach with over 1,742 branches and more than 200,000 agents/channel partners along with several bank partners.
Nationwide Branches
1,742
No. of Employees
66,000
Agents/Channel Partners
2,00,000+
Aggregate Assets
INR 6 Lakh Cr
Consolidated Lending Book
INR 1.90 Lakh CrCorporate Governance Policies
- Policy for appointment of Statutory Auditors
- ABCL NRC Policy
- Corporate Social Responsibility
- Fair Practices Code
- Internal Guidelines on Corporate Governance
- Familiarization Programme for Independent Directors
- Disclaimers
- Ombudsman
- Privacy Policy
- Trademark Policy
- Vigil Mechanism / Whistle Blower Policy
- Regulatory Disclosure
Financial and Debt-Related Policies
Business and Partnership Policies
- Outsourcing FAQ’s
- Press Releases
- Our Digital Lending Platform Partners
- ABCL List of active CLA Partners
- List of Third parties
- Our Digital Referral Partners
- ABCL Collection and Recovery Agency List
- ABCL Terminated Collection and Recovery Agency List
- Importance of Following Repayment Schedule
- Scheme of Amalgamation
- SEBI Disclosures
- Interest Rates & Service Charges
- Discontinued Service provider list
- Terms & Conditions
- Fraud Awareness
- Archival Policy
Life Insurance
Health Insurance
Mutual Fund
Home Finance
Personal Finance
Stocks & Securities
Credit TrackCheck your credit score and get tips on how to improve it
Health TrackHealthy living made easy with ABCD’s Digital Health Evaluation
Portfolio TrackBring your assets and liabilities under one platform
Spend TrackManage your money effectively with Spend Track.
Vehicle TrackCheck Vehicle & Car Insurance Status/Validity Online
Digital WillA digital will is a legally valid document created through a secure online platform
Read about MoneyMoney management made easy
Read about TaxUnderstanding direct and indirect taxes
Read about Retirement PlanKnow how to plan retirement well
Read about InsuranceInsurance and it's aspects for laymen
Read about InvestingInvestments and their jargon - simplified
Read about Loans and FinancingKnow all about loans and their management
Personal Loan EMI CalculatorEstimate your monthly loan repayments with Personal Loan EMI Calculator
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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.
- Competitive interest rates
- Quick and transparent processing
- Convenient repayment options
Our Personal Finance Products
Find a wide range of solutions for all your financing needs.
Enjoy low personal loan interest rates for affordable repayments. Choose Aditya Birla Capital Personal Loans and instantly find your loan's expected EMI.
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 
Suggests who should get this loan. Remember, it’s only a suggestion. |
Consolidating debt, financing medical expenses, pursuing education, fulfilling lifestyle aspirations | To get funds instantly and repay the loan at your convenience. |
| Who Can Apply
Who can apply for this loan |
Salaried
Age: 21 to 60 years, Credit score: above 750+ Salary (Min/per month):
|
Salaried |
| Loan Amount
The duration for which the policy is in effect. |
Up to ₹50 lakhs |  |
| Tenure
The sum assured along with bonuses that are paid to you when you survive the policy period. |
Up to 7 years | Up to 7 years |
| Interest Rates
The option to decide how often you want to pay premium - monthly, quarterly, yearly etc. |
13% to 28% | 11% to 16% |
| Processing Fee
Indicates the investment-related risks of the plan. |
Up to 2.5% of the loan amount | Up to 2.5% of the loan amount |
| Additional Features
Indicates how easy it’ll be to access cash from your policy. |
No collateral needed | Interest charged only on the utilised amount |
| APPLY NOW | APPLY NOW |
Revision of Reference Rates for determining Interest Rates on loans given
ABCL has increased its Long-Term Reference Rate (LTRR) by 20 bps to 20.45% p.a. with effect from March 1, 2024. The interest rate on the floating rate loans of tenor greater than 12 months that are linked to the LTRR will be revised upwards by 20 bps. The spread / margin on the said loans will remain unchanged.
ABCL has increased its Short-Term Reference Rate (STRR) by 20 bps to 19.45% p.a. with effect from March 1, 2024. The interest rate on the floating rate loans of tenor up to 12 months that are linked to the STRR will be revised upwards by 20 bps. The spread / margin on the said loans will remain unchanged.
Interest Rates
Available
Loans up to 12 months
Loans more than 12 monthsFees & 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 |
Instant Personal Loan INSTANT PERSONAL LOAN SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN
Customer Satisfaction Stories
Hear from our customers what they have to say about their experience.
Mr. Hiralkumar Ashokbhai Patel
Aditya Birla Finance Customer
Mr. Pramod Kumar Saini
Aditya Birla Finance Customer
Ashesh Shah
Aditya Birla Capital Limited
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.
A Flexi loan is a credit option that allows you to meet financial obligations without the need to provide security or collateral. It comes without an end-use restriction, thus it can be used for a variety of purposes, making it easy to manage. Also, you can withdraw funds as needed and pay interest only on the utilised amount.
A Flexi loan is versatile and can cover various expenses like home renovations, marriage expenses, education fees, vacations, debt consolidation, purchasing electronics and appliances, medical bills, business investments, car repairs, and more.
To qualify for a Flexi loan, you need a consistent income, whether you're a salaried employee, self-employed, or a professional. Your eligibility depends on factors like employer, credit history, residential location, and other criteria as per the eligibility criteria mentioned.
No! There's no restriction on the number of withdrawals you can make, allowing you to access funds as and when required. However, it's crucial to ensure that your withdrawals remain within the pre-approved credit limit sanctioned by Aditya Birla Finance. This ensures responsible borrowing and prevents you from overextending your finances.
No. There is no difference between a 'Flexi loan' and a 'personal line of credit'. The terms are often used interchangeably, as they essentially refer to the same type of revolving credit facility. Both options provide a flexible line of credit, allowing borrowers to withdraw funds up to a pre-approved limit and repay them as needed. The primary distinction between the two terms lies in their branding and usage, with "Flexi loan" being more commonly used by Aditya Birla Finance and "personal line of credit" being a general term used by various financial institutions.
In order to apply for a Flexi loan, make sure you have the following documents ready:
Identity proof: PAN Card / Voter ID Card / Aadhaar Card / Passport / Driving Licence
Address proof: Aadhaar Card / Utility Bill (up to 3 months old) / Lease or Property Purchase Agreement / Driving Licence / Bank Account Statement / Passport
Income proof: Salaried Individuals – Salary Slips / Bank Account Statement / Form 16. Self-employed Individuals – Bank Account Statement / P&L Statement and Balance Sheet / ITR of previous years
Business Proof (for self-employed individuals and professionals): Certificate of Practice / MOA & AOA / GST Registration and Filing Documents / Partnership Deed / Shop Act Licence
A Flexi loan provides numerous benefits, including:
• Financial Flexibility: Access to funds when you need them most, whether it's for debt consolidation, medical expenses, education, or pursuing lifestyle aspirations.
• Flexible Repayment Options: Choose a repayment plan that suits your financial situation and needs with repayment tenure options ranging up to 7 years.
• Varied Credit Line Options: Access to a range of credit line options, including Personal Loans (up to 7 years), Business Loans (up to 4 years), and Short Term Unsecured Loans (up to 5 years), to suit your specific needs.
• Multiple Withdrawals: Enjoy the freedom to withdraw funds as per your evolving requirements without the hassle of repeated loan applications.
• Predictable Monthly Payments: Fixed interest rates and predictable monthly payments can help you plan your budget and finances accordingly. Pay interest only on the utilised amount and pay the principal amount at your convenience.
• No Partial Repayment Charges: Make partial repayments without incurring any additional charges, providing you with the flexibility to manage your finances as desired.
• Streamlined Process: Experience a simplified application and documentation process for a hassle-free experience.
The interest rate for a Flexi loan depends on several factors, including your credit score, repayment capacity, type of employment, and existing financial liabilities. However, in general, Flexi loans are offered at competitive interest rates that are comparable to, or sometimes even lower than, regular personal loans.
Unlike traditional personal loans, where interest is charged on the entire loan amount from the date of disbursement, Flexi loans employ a day-based interest calculation method. This means interest is accrued only on the utilised portion of the credit limit, calculated daily.
To better understand the interest calculation process, consider this example:
Let's assume you have a Flexi loan with a sanctioned credit limit of ₹2,00,000. The interest rate is 12% p.a., and interest is calculated daily. You withdraw ₹50,000 from your Flexi loan account on Day 1 and repay it on Day 15.
In this case, the daily interest would be calculated as follows:
Daily Interest Rate = Interest Rate / (Days in Year X 100)
Daily Interest = Outstanding Balance X Daily Interest Rate
On Day 1, the daily interest would be:
Daily Interest Rate = 12 / (365 X 100) = 0.000328
Daily Interest = ₹50,000 X 0.000328 = ₹16.4
Since you repaid the entire amount on Day 15, you would only be charged interest for the 15 days you utilised the funds. The total interest paid for these 15 days would be:
Total Interest = Daily Interest X Number of Days
Total Interest = ₹16.4 X 15 = ₹246
This demonstrates the advantage of Flexi loans in terms of interest calculation. You only pay interest on the amount you utilise and for the duration you use it, leading to lower overall interest payments compared to traditional personal loans.
"Term Loans" and "Flexi Loans" are two different types of loans, each with its unique structure and flexibility in repayment. The other differences are highlighted below:
Basis - Nature:
(Term Loan) Disbursement of the approved loan amount
(Flexi Loan) Sanctioned credit limit with flexible withdrawals
Basis - Interest Calculation:
(Term Loan) Interest on the outstanding loan amount
(Flexi Loan) Interest on the utilised/withdrawn amount
Basis - Prepayment Charges:
(Term Loan) Prepayment fees may apply for fixed-rate loans
(Flexi Loan) No prepayment fees
Basis - Repayment Schedule:
(Term Loan) Fixed EMIs (Principal + Interest)
(Flexi Loan) Flexible principal repayments with fixed interest payments at predetermined intervals