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A personal loan of ₹1 lakh is a quick and convenient financing solution designed to help individuals meet their urgent financial needs. Whether it's for medical emergencies, home renovations, education expenses, travel, or wedding costs, this loan provides the flexibility to use funds without restrictions. With a seamless application process, quick approvals, and collateral-free disbursal, Aditya Birla Capital ensures that you can access funds effortlessly. Enjoy competitive interest rates and repayment options tailored to your financial convenience.
There is no need to pledge any asset to secure a Personal Loan of ₹1 Lakh. The funds are sanctioned based on your eligibility parameters—that’s all!
Choose a repayment tenure of 84 months to ensure affordable EMIs for easy repayments. This makes the ₹1 Lakh Personal Loan pocket-friendly.
With a fixed interest rate, you can figure out your EMIs and plan your budget for hassle-free repayments.
Get the funds transferred to your account within 24 hours of applying for the loan.
Adding a co-applicant to the ₹1 Lakh Personal Loan can increase your eligibility. You can also get a higher loan amount to meet different needs.
Find out the interest payable on the Personal Loan of ₹1 Lakh to plan your repayments effectively.
Find out if you are eligible to apply for a ₹1 Lakh Personal Loan
Go to the official ABCD website and open the Personal Loan section.
Assess the amount and tenure that best fits your budget.
Use our online eligibility calculator to see if you qualify.
Plan your repayment with our EMI calculator.
Upload the necessary paperwork online.
Complete the online application or visit a nearby branch for offline submission.
Are you eligible for a ₹1 Lakh Personal Loan? Check whether you meet the criteria.
* A higher age limit is applicable at the time of loan maturity.
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. |
Your estimated EMI amount
₹ 0Total Interest
₹ 0Total Payout
₹ 0You are eligible for a loan of
₹ 0*EMI @ 9% Interest Rate
₹ 0*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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You can apply for a Personal Loan of ₹1 Lakh in two ways. They are as follows -
• Online - Apply online through the website or mobile application of Aditya Birla Capital
• Offline - Visit the nearest branch and apply offline
Yes, you can prepay the ₹1 Lakh Personal Loan after the first 6 months of getting the loan.
A prepayment charge of 3% + GST will apply if you prepay more than 20% of the disbursed amount. However, no prepayment charges will apply if you prepay less than 20% of the disbursed loan amount.
The EMI will also depend on the interest rate. You can use the online EMI calculator to find the EMI of a ₹1 Lakh Personal Loan with a repayment tenure of 2 years.
Yes, Personal Loans offered by Aditya Birla Capital have flexible repayment tenures of up to 84 months.
Once the loan is approved, the funds are transferred to your bank account directly.
The EMIs for the loan will be deducted from your account from the date the loan repayment starts and every month after that.
You can call Aditya Birla Capital’s toll-free number 1800 270 7000 for enquiries. You can also leave your queries on the company’s website or mobile application.
You can find the reason for rejection. If the application was rejected because you did not fulfil the eligibility criteria, you can improve your eligibility and apply again. On the other hand, if the loan was rejected because of a lack of documents, submit the required documents and get the loan sanctioned.
Yes, you can transfer your existing ₹1 Lakh Personal Loan to Aditya Birla Capital and enjoy competitive interest rates and a flexible repayment tenure.
Some of the advantages of a ₹1 Lakh Personal Loan are as follows -
• The loan is multipurpose and can be used for any financial need
• The funds are sanctioned at the earliest
• The repayment tenure is flexible
• The loan is affordable
• No collateral is required for loan sanctions
You cannot get a Personal Loan of ₹1 Lakh without the specified documents. The loan is sanctioned based on these documents.
Aditya Birla Capital quickly processes the ₹1 Lakh Personal Loan and sanctions the funds within hours.
The maximum repayment period for a ₹1 Lakh Personal Loan is 84 months.