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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
- Internal Guidelines on Corporate Governance
- Familiarization Programme for Independent Directors
- Disclaimers
- Ombudsman
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Financial and Debt-Related Policies
Business and Partnership Policies
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- Press Releases
- Our Digital Lending Platform Partners
- ABCL List of active CLA Partners
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- Interest Rates & Service Charges
- Discontinued Service provider list
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- Archival Policy
Life Insurance
Health Insurance
Mutual Fund
Home Finance
Personal Finance
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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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What is ₹10 Lakh Personal Loan
A ₹10 lakh personal loan is a high-value, unsecured loan designed for individuals who need financial assistance for major expenses such as home renovation, medical emergencies, business expansion, or wedding costs. With competitive interest rates, flexible tenure, and minimal documentation, this loan ensures quick and hassle-free access to funds. Whether you’re planning a significant life event or consolidating debt, this loan comes with no collateral requirement, easy EMI options, and instant disbursal, making it a reliable financial solution.
Features of a ₹10 Lakh Personal Loan
High Loan Amount
Avail up to ₹10 lakh without any collateral.
Flexible Repayment Tenure
Choose a repayment period between 12 to 60 months.
Instant Approval
Quick loan approval with minimal documentation.
No Collateral Required
An unsecured loan, eliminates the need for security.
Competitive Interest Rates
Affordable EMIs with attractive interest rates.
Quick Disbursal
Receive the loan amount within 24 hours after approval.
Fully Digital Process
Apply online with a seamless, paperless experience.
No Hidden Charges
Transparent fees and minimal additional costs.
Prepayment Option
Repay early to reduce your interest burden.
Eligibility Criteria for Personal Loans of ₹10 Lakh
Documents Required for Personal Loans of ₹10 Lakh
- 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).
For Salaried Individuals
- KYC Documents: PAN Card, Aadhaar Card, Passport.
- Income Proof: ITR (last 2 years), GST certificate, Business proof.
- Bank Statement: 6-month bank statement to verify income flow.
For Self-Employed Individuals
Eligibility Criteria for Personal Loans of ₹10 Lakh
- Age : 21 to 60 years
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Income Requirement
· Salaried: Minimum monthly income of ₹30,000
· Self-Employed: Annual turnover of ₹5 lakh or more -
Employment Type
· Salaried professionals with at least 6 months of experience
· Self-employed individuals with a business continuity of at least 2 years - Credit Score : A credit score of 700+ is preferred for easy approval and lower interest rates.
How to Apply for a ₹10 Lakh Personal Loan?
Apply Online
Visit the lender’s website and fill out the loan application form.
Upload Documents
Submit KYC and income-related documents online.
Get Instant Approval
Your application will be reviewed, and approval will be granted within minutes.
Receive Funds
The loan amount is credited to your bank account within 24 hours.
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 of ₹10 Lakhs
| 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. |
Tools
Interest Rates Available for
Personal Loans of ₹10 Lakhs
Find out the interest payable on the Personal Loan of ₹10 Lakhs 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 Personal Loan of ₹10 Lakhs?
Find out if you are eligible to apply for a ₹10 Lakhs Personal Loan
Salaried
Self-employed Professional
Self-employed Non - Professional
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.
-
Range of loan options for different needs -
Range of loan options for different needs
-
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.
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
FAQs on Personal Loans of ₹10 Lakhs
You can apply for a Personal Loan of ₹10 Lakhs provided you fulfil the eligibility parameters and submit the required documents.
No tax benefits are associated with repaying a ₹10 Lakhs Personal Loan. The repayment forms a part of your taxable income.
The maximum loan limit depends on your eligibility parameters. You can use the online eligibility calculator to find the maximum limit of loans you can avail of basis your eligibility qualifications.
The EMI is calculated based on the loan amount, the applicable interest rate, and the repayment tenure you choose. You can use the online EMI calculator to find the EMIs of the loan. Enter the details for EMI calculation, and the calculator will instantly calculate the results.
The interest rate would depend on your eligibility parameters and the Long-Term Reference Rate applicable at the time of loan application. You can connect with Aditya Birla Capital and find the interest rate payable for the loan.
You can apply for a ₹10 Lakhs Personal Loan online through the website or mobile application of Aditya Birla Capital.
Aditya Birla Capital processes and approves the Personal Loan application quickly. You can get the funds sanctioned within a few hours.
To use the Personal Loan calculator, enter the loan amount, the repayment tenure, and the applicable interest rate. The calculator will instantly calculate the expected EMI of the loan.
You can add any individual who fulfils the loan eligibility criteria and has a stable source of income. Common co-applicant examples include your spouse, parents, children, siblings, etc.
Yes, you can repay the loan before the chosen tenure. If you repay the loan partially, it is called part prepayment, and it is allowed 6 months after the loan is disbursed. On the other hand, if you repay the outstanding amount of the loan entirely, it is called foreclosure. Foreclosure of the loan is allowed 12 months after the disbursement date.
Part prepayment and foreclosure are different terms, though both mean repaying the loan before the stipulated tenure. Under part prepayment, you repay a part of the outstanding loan amount in a lump sum. This reduces your outstanding dues. On the other hand, under foreclosure, you repay the entire outstanding balance of the loan before time.
Aditya Birla Capital Personal Loans allow part prepayment after the first 6 months, while foreclosure is allowed after the first 12 months of loan disbursement.
You can get a ₹10 Lakhs Personal Loan on an Aadhaar or PAN Card. However, other documents would also be required for loan application. So, submit all the relevant documents, with the PAN or Aadhaar Card, to get the loan sanctioned.
You can get a Personal Loan of ₹10 Lakhs without collateral since it is an unsecured loan.
You need to furnish valid income proof to get the Personal Loan of ₹10 Lakhs sanctioned. If you don’t have a salary slip, you can submit other acceptable proofs like Form 16, bank statement, etc.