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Instant Personal LoanGet quick funds with Aditya Birla Capital Instant Personal Loan
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Personal Loan EligibilityCheck your Aditya Birla Capital Personal Loan eligibility
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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
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- Corporate Social Responsibility
- Fair Practices Code
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- Familiarization Programme for Independent Directors
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Financial and Debt-Related Policies
Business and Partnership Policies
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- Importance of Following Repayment Schedule
- Scheme of Amalgamation
- SEBI Disclosures
- Interest Rates & Service Charges
- Discontinued Service provider list
- Terms & Conditions
- Fraud Awareness
- Archival Policy
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Health Insurance
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Home Finance
Personal Finance
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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
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Personal Loan for iPhone
- Attractive interest rates
- Easy & flexible repayment options
- Easy application process with quick sanctions
What is Personal Loan for iPhone
Owning the latest iPhone is now easier than ever with a personal loan designed specifically for smartphone purchases. Whether upgrading to a flagship model or buying your first Apple device, this loan allows you to spread the cost into affordable EMIs.
With instant approval, zero collateral, and flexible repayment tenures, you can purchase your dream iPhone without financial strain. Even if you don’t have a credit card, this personal loan ensures a seamless buying experience.
Features of a Personal Loan for iPhone
Instant Approval
Get your loan approved within minutes.
100% Financing
Borrow up to the full cost of the iPhone.
Flexible Repayment Tenure
Choose from repayment periods between 12 to 36 months.
No Credit Card Required
Unlike EMI-based credit card purchases, this loan does not require a credit card.
Zero Collateral
Unsecured loan with no security deposit required.
Buy Now, Pay Later
Own your iPhone today and repay in easy EMIs.
Loan Amount up to ₹2 Lakh
Covers the cost of the latest iPhone models.
Low Interest Rates
More affordable compared to credit card EMI options.
Minimal Documentation
Apply easily with basic KYC and income proof.
Quick Disbursal
Funds are credited to your account within 24 hours of approval.
Personal Loan for iPhone
To qualify for a personal loan for iPhone, you must meet the following criteria:
Documents Required for a Personal Loan for iPhone
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For Salaried Individualsf:
- Identity Proof: Aadhaar Card, PAN Card, Passport.
- Address Proof: Utility bill, Rent agreement, Driving license.
- Income Proof: Salary slips (last 3 months), Bank statements (last 6 months).
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For Self-Employed Individuals:
- KYC Documents: Aadhaar Card, PAN Card, Passport.
- Income Proof: ITR (last 2 years), Business registration proof.
- Bank Statement: 6-month bank statement for income verification.
Eligibility Criteria for Personal Loan
- Age : You should be between 21 and 60 years old.
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Income Requirement:
- Salaried: Minimum monthly salary of ₹20,000.
- Self-Employed: Minimum annual turnover of ₹3 lakh.
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Employment Type :
- Salaried professionals, freelancers, and business owners with stable income.
- Credit Score: A credit score of 700+ is preferred for quick approval and better interest rates.
How to Apply for a Personal Loan for iPhone?
Apply Online
Visit the lender’s website and fill out the loan application form.
Upload Documents
Submit basic KYC and income-related documents.
Get Instant Approval
Your application will be reviewed, and approval will be granted within minutes.
Receive Funds
Once approved, the loan amount is transferred directly to your bank account.
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.
Fees and Charges for Personal Loans for iPhone
| 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. |
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 -
Range of loan options for different needs
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Quick sanctions and disbursals
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Scan the QR code to download our Mobile App
Call 1800 270 7000 OR write to us at care.finance@adityabirlacapital.com.
For more details, to know your personal loan eligibility, access the product brochure or to set a meeting with our relationship manager.
The information presented on this page is intended solely for general informational purposes and does not constitute financial, investment, or professional advice. This content has not been authored by, nor does it represent an official communication from, Aditya Birla Capital Digital Limited. It is compiled from publicly available secondary sources, which may be subject to change without prior notice. Readers are strongly advised to conduct their own independent research and seek guidance from licensed financial advisors before making any investment decisions. All investments carry inherent risks, including the potential loss of principal. Past performance is not indicative of future results.
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Customer Satisfaction Stories
Hear from our happy customers what they have to say about their experience with us.
Mr. Hiralkumar Ashokbhai Patel
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
Mr. Pramod Kumar Saini
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
Instant Personal Loan INSTANT PERSONAL LOAN SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN
FAQs on Personal Loans for iPhone
You can apply for a Personal Loan online or offline. The modes are discussed as follows -
• Online - Visit the Aditya Birla Capital website or download its mobile application. Apply online and get the funds quickly.
• Offline - Visit the nearest branch of the company and apply for the loan physically.
You need a credit score of 750+ to get a Personal Loan for iPhone. If your credit score is low, you will not be eligible for the loan.
You need a credit history to establish a credit score. Getting a Personal Loan for iPhone without any credit history is difficult.
Yes, you can pay off your Personal Loan early. This is called foreclosure and it is allowed 12 months after the loan disbursement date.
Here are some ways in which you can decrease the EMIs of your Personal Loan -
• Choose a longer repayment tenure
• Opt for a lower loan amount
• Have a good credit score to get a lower interest rate
The EMI will depend on the loan amount that you apply for, the repayment tenure, and the applicable interest rate. You can calculate the potential EMI of the loan using the EMI calculator available online. Enter the loan amount, tenure, and interest rate and find the EMI instantly.
Individuals under 18 are considered minors and are not eligible to apply for a Personal Loan for iPhone.
You can buy any iPhone Series with a Personal Loan. There’s no restriction on the loan’s usage; you can use the funds to buy any model.
You can use the Personal Loan to buy other Apple products or accessories with the phone, as the loan is a multipurpose source of funds with unrestricted usage.
Your spouse, parents, siblings or any individual meeting the eligibility criteria can act as a co-applicant for the Personal Loan.
You can buy any other mobile brand with the Personal Loan, as the loan has no restrictions on its usage.
You can take an iPhone on loan with a Personal Loan. Apply for the loan and use it to buy the iPhone of your choice.