Download the ABCD app

Unlock Financial Tools, Investment Insights, And Expert Guidance – All In One Convenient App !

Visit Our ABCD Page

Reasons To Get a Loan for Salaried from Aditya Birla Capital

Collateral-free

There is no need to pledge any asset to secure the loan. The funds are sanctioned based on your eligibility parameters—that’s all!

Flexible Repayment Period

Choose a repayment tenure of 84 months to ensure affordable EMIs for easy repayments.

Predictable EMIs

With a fixed interest rate, you can figure out your EMIs and plan your budget for hassle-free repayments

Quick Sanctions

Get the funds transferred to your account within 24 hours of application.

Facility to add a co-applicant

Adding a co-applicant to the Personal Loan for Salaried can increase your eligibility. You can also get a higher loan amount for meeting different needs.

Interest Rates Available for
Loans for Salaried

Find out the interest payable on the Loan for Salaried to plan your repayments effectively.

image 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
image 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 Loan for Salaried?

Find out if you are eligible to apply for a Loan for Salaried

image

Salaried

image

Self-employed Professional

image

Self-employed Non - Professional

image

Get A Loan for Salaried In 5 Easy Steps

STEP
01

Check Eligibility

STEP
02

Fill the Application Form

STEP
03

Upload Required Documents

STEP
04

Loan Approval & Verification

STEP
05

Loan Disbursal

STEP
04

Loan Approval & Verification

STEP
05

Loan Disbursal

Eligibility Criteria for Loans for Salaried

Are you eligible for a Personal Loan for Salaried? Check whether you meet the criteria.

Documents Needed

  • Proof of identity and address Passport / Aadhaar Card/ Voter's ID / Driving License/ Job Card issued by NREGA / Registration certificate / PAN card (PAN Card only as identity proof)
  • Proof of incomeSalary slip for the last 3 months showing all deductions and Form 16
  • Bank statement where income is credited Last 6 months
  • Proof of other income Last 3 months' salary slips or Salary certificate. Last 6 months' bank statement where salary is credited directly. Latest Form 16


Disclaimer - All loans will be at the sole discretion of ABFL.

Eligibility criteria

Nationality
Minimum age
Maximum age
Credit Score
Employment
Indian citizen
21 years
60 years*
750+
Salaried

* A higher age limit is applicable at the time of loan maturity.

Note - This is an indicative list that may change based on your actual loan application.

Fees and Charges for Personal Loans for Salaried

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

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*

BALANCE TRANSFER LOAN

Transfer your existing loan to us for lower interest rates
  • Personal Loan
    Reduced Interest Rates.
  • Personal Loan
    Lower Monthly Payments.
sns

TOP UP LOAN

Secure additional funds at exceptional interest rates
  • Life Insurance
    Easy application process
  • Life Insurance
    Borrow up to 80% of property value
sns

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.

  • Life Insurance
    Range of loan options for different needs 
  • Life Insurance
    Quick sanctions and disbursals

Scan the QR code to download our Mobile App

image_1

Customer Satisfaction Stories

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

Hear What The Experts Have To Say

Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.

Hear What The Experts Have To Say
Mr. B. Narsimulu

Aditya Birla Housing Finance Customer

Hyderabad, India

Hear What The Experts Have To Say

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.

Hear What The Experts Have To Say
Mr. Vikram Balu Gavali

Aditya Birla Housing Finance Customer

Belapur, India

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.

image

FAQs on Personal Loan for Salaried

Yes, women can avail of the Loan for Salaried provided they fulfil all the eligibility parameters specified for the loan.

No, there are no specific companies whose employees can get the Loan for Salaried. You can get a loan if you are employed in any company.

NRIs are not allowed to get a personal loan for salaried employees. The loan is available only for resident individuals.

The income proof establishes your repayment capacity and proves that you have a steady source of income. As such, it is mandatory for the Loan for Salaried.

Part prepayment means paying off a part of the outstanding loan amount in a lump sum over and above the EMI. This helps reduce the due amount and brings down the interest expense. With Aditya Birla Capital Loan for Salaried, you can make a part prepayment after 6 months.

You can take a Personal Loan for Salaried for a maximum tenure of 84 months.

Some of the benefits of a Personal Loan for Salaried are as follows -

• You can get an instant loan
• The loan can be used for any financial need
• No collateral security is required
• The repayment tenure is flexible, allowing you affordable repayments
• You can get the loan online in some simple steps

The loan amount depends on your eligibility qualifications. Aditya Birla Capital offers an online eligibility calculator that you can use to check the loan amount that you can get as a salaried employee.

With Aditya Birla Capital, the Personal Loan for Salaried is processed and sanctioned within a short period of time.

When applying for the Personal Loan for Salaried Employees, you have to pay a processing fee, a one-time, non-refundable fee for processing your loan application.