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Home LoanFind customised home loan solutions for your unique needs
Balance TransferFind a better interest rate for your existing home loan
Top up Home LoanGet a loan on your existing home loan to meet your needs
Loan Against PropertyTurn your assets into a financial ally
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
Personal Loan EligibilityCheck your Aditya Birla Capital Personal Loan eligibility
Personal Loan Interest RatesEnjoy low personal loan interest rates for affordable repayments
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CALCULATE NOWLoan Against SharesLeverage your investments with Loan Against Shares, while retaining ownership of your assets
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Term LoanAchieve your business goals with flexible repayment options & competitive rates for long-term growth
Debt FundsDiversify your portfolio and reduce risk with Debt Funds
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Attractive returns
Term InsuranceBring security and peace to life’s unpredictability
Retirement PlansGet a guaranteed regular pension plus lump sum on plan maturity
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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 61,600 employees, the businesses of ABCL have a nationwide reach with over 1,690 branches and more than 200,000 agents/channel partners along with several bank partners.
Nationwide Branches
1,690
No. of Employees
61,600+
Agents/Channel Partners
2,00,000+
Aggregate Assets
INR 5.53 Lakh Cr
Consolidated Lending Book
INR 1.65 Lakh CrCorporate Governance Policies
- Policy for appointment of Statutory Auditors
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- Corporate Social Responsibility
- Fair Practices Code
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- Familiarization Programme for Independent Directors
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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
Home Loan Eligibility CalculatorCalculate the expected EMI of your loan for easier repayments
BMI CalculatorIt measure your leanness or obesity basis your height and the weight.
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Instant Personal Loan
- Attractive interest rates
- Easy & flexible repayment options
- Easy application process with quick sanctions
What is an Instant Loan?
An instant loan is a type of personal loan that offers quick access to funds with minimal documentation and an easy application process. Designed to provide immediate financial support, instant loans cater to urgent needs like medical emergencies, travel expenses, home repairs, or any unexpected financial requirement. Unlike traditional loans, instant loans are disbursed within hours or even minutes after application approval. They are typically collateral-free, meaning borrowers don’t need to pledge assets. With flexible repayment options, competitive interest rates, and digital-first processing, instant loans provide a seamless borrowing experience for individuals in need of quick funds.
Features of Instant Loans
Quick Disbursal
Get funds credited to your account within minutes of approval.
Minimal Documentation
Apply with just basic documents like ID proof, address proof, and income details.
No Collateral Required
Instant loans are unsecured, meaning you don’t need to pledge any assets.
Flexible Repayment Tenure
Choose a repayment period that fits your financial situation.
24/7 Online Application
Apply anytime, anywhere through 100% digital processing.
Custom Loan Amounts
Borrow as per your needs, from small-ticket loans to higher amounts.
Interest Rates Available for
Instant Personal Loans
Find out the interest payable on the urgent Personal Loan to plan your repayments effectively.
Loans up to 12 months| Loan Type | Interest |
|---|---|
| The Short Term Reference Rate (STRR) | 19.45% p.a. w.e.f.from March 1, 2024 |
Loans more than 12 months| Loan Type | Interest |
|---|---|
| The Long Term Reference Rate (LTRR) | 20.45% p.a. w.e.f. from March 1, 2024 |
Who Can Apply For a Instant Personal Loan?
Find out if you are eligible to apply for an Instant Personal Loan
Salaried
Self-employed Professional
Self-employed Non - Professional
How to Apply for an Instant Loan?
Eligibility Criteria for Instant Personal Loans
Eligibility Criteria
To qualify for an instant loan, applicants must meet the following criteria:
- Minimum Age 21 years
- Maximum Age 60 years
- Employment Type Salaried or self-employed with a stable income source
- Minimum Monthly Income ₹15,000 (varies by lender)
- Credit Score A minimum CIBIL score of 650 is preferred for higher chances of approval
- Bank Account Must have an active salary or savings account for loan disbursal
Documents Required for Instant Loans
The following documents are typically required to process an instant loan application:
- Identity Proof : Aadhaar Card, PAN Card, Passport, or Voter ID
- Address Proof : Utility bill, rental agreement, or Aadhaar Card
- Income Proof : Latest salary slip (for salaried) or bank statements & ITR (for self-employed)
- Bank Account Details : Cancelled cheque or bank statement for verification
Fees and Charges for Instant Personal Loans
| Charge Type | Amount |
|---|---|
| Cheque Return charges | ₹500 + GST per instance |
| Default Penal charges | 3% of the pending amount per month |
| Charges for cancellation of Loan | 4% of loan amount disbursed + applicable taxes |
| CIBIL report retrieval fees | ₹100 + GST per instance |
| Charge for Exchanging PDCs / ECS | ₹750 + GST per instance |
| Loan reschedule 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 |
| Part - Pre-Payment Charges | Charges:
A) Nil Charges - If Part prepayment is equal to 20% of the total disbursed amount in a year B) 3% + GST on Remaining Loan amount - If part payment is greater than 20% of the total disbursed Conditions: A) No pre-payment is allowed in the first 6 months from the date of disbursement B) Part Pre-Payment amount should be equal to OR greater than a total of 3 EMIs. C) Part-prepayment is allowed only once in the first year of loan tenure. |
| Foreclosure Charges |
4% of the Principal outstanding amount + GST
Condition: Foreclosure is allowed only after 12 months from the date of loan disbursal. |
ABC Of Calculators
Your estimated EMI amount
₹ 0Total Interest
₹ 0Total Payout
₹ 0You are eligible for a loan of
₹ 0*EMI @ 9% Interest Rate
₹ 0*
BALANCE TRANSFER LOAN
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Reduced Interest Rates. -
Lower Monthly Payments.
TOP UP LOAN
- Easy application process
- Borrow up to 80% of property value
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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Instant Personal Loan SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN
Customer Satisfaction Stories
Hear from our happy customers what they have to say about their experience with us.
Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.
Aditya Birla Housing Finance Customer
Hyderabad, India
I appreciate the online documentation process which helped in ease of my loan process. I could get loan information through WhatsApp and other digital platforms.
Aditya Birla Housing Finance Customer
Belapur, India
FAQs on Instant Personal Loans
The things to look for when applying for an Instant Personal Loan are as follows -
• The loan amount that you need
• The repayment tenure over which you can comfortably pay off the loan
• The EMI which would be affordable
• The associated interest rates and charges
You can check your eligibility through the online eligibility calculator. The calculator helps you assess your eligibility for the loan and how much loan quantum you can get.
The disbursal of the Instant Personal Loan is quick and hassle-free. With Aditya Birla Capital, you can get the loan within a few hours of application.
The loan amount depends on your financial needs and eligibility. First, assess how much funds you need for your obligations. Then, check your savings and apply for a loan that fulfils the shortfall.
Also, use the eligibility calculator to determine the maximum loan amount you are eligible for.
Yes, you can get a top-up loan after you have availed of an Instant Personal Loan. The top-up loan is a supplemental source of funds on the existing loan and can help you fulfil additional financial needs.
You can enquire about the Instant Personal Loan on the phone. To apply, you can either visit the branch or apply through the website or mobile application of Aditya Birla Capital.
Instant Personal Loans are unsecured loans. As such, you do not require collateral security to get the loan.
You can get an Instant Personal Loan if you fulfil the eligibility criteria. If you are under 60 and have a steady source of income with a good credit score, you can apply for a loan even after retirement.
The risks of taking out an Instant Personal Loan include the following -
• There is an added interest expense payable for the loan
• If you miss the EMI payment, you incur an additional interest rate plus a late payment fee
• Missed repayments also affect your credit score badly
An Instant Personal Loan can be used for any financial need. Thus, if you are facing a medical emergency, you can apply for an Instant Personal Loan and get the funds needed to meet your financial requirements.
You can get an Instant Personal Loan immediately if you apply online and submit the relevant documents. Aditya Birla Capital processes and sanctions the loan quickly.
You can get ₹50,000 instantly with an Instant Personal Loan. Apply for the loan online and get the funds sanctioned to your bank account at the earliest.