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YEARS OF EXCELLENCE
ACTIVE CUSTOMER BASE
BRANCHES ACROSS INDIA
AUM AS OF JUNE, 2023
What is an Instant Loan?
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.
Custom Loan Amounts
Borrow as per your needs, from small-ticket loans to higher amounts.
24/7 Online Application
Apply anytime, anywhere through 100% digital processing.
Interest Rates Available for Instant Personal Loans
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?
Visit Our Website or App
Go to Aditya Birla Capital’s official website.
Check Eligibility
Use the online calculator to check your loan eligibility.
Fill Out the Online Form
Enter your personal, employment, and financial details.
Upload Required Documents
Submit scanned copies of the necessary documents.
Verification & Approval
We will verify your application and notify you of approval.
Disbursal
Upon approval, the loan amount is credited to your account within 24–48 hours.
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
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₹ 0*EMI @ 9% Interest Rate
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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,
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
Aditya Birla Finance Customer
Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.
Aditya Birla Housing Finance Customer
Hyderabad, India
Aditya Birla Finance Customer
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
ABC Of Personal Loan