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How to Get a Personal Loan for ₹15 Lakh
Key Benefits of a ₹15 Lakh Personal Loan
Quick and Easy Approval
Apply online and get approval for a ₹15 lakh personal loan within minutes.
Fast Disbursal of Funds
Once approved, the loan amount is credited directly to your bank account within 24 to 48 hours.
No Collateral Required
A ₹15 lakh personal loan is unsecured, meaning no need to pledge any assets.
Flexible Repayment Options
Choose from repayment tenures ranging from 12 to 60 months to suit your financial situation.
Competitive Interest Rates
Enjoy attractive interest rates, making your EMI payments manageable.
Transparent Loan Process
No hidden charges just a straightforward, secure loan application process.
Facility to Add a Co-Applicant
Adding a co-applicant to the ₹15 lakh personal loan can improve your eligibility. It may also help you qualify for a higher loan amount based on combined income.
Reasons To Get a Personal Loan of ₹15 Lakhs from Aditya Birla Capital
Collateral-free
There is no need to pledge any asset to secure a Personal Loan of ₹15 Lakhs. 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. This makes the ₹15 Lakhs Personal Loan pocket-friendly.
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 applying for the loan.
Facility to add a co-applicant
Adding a co-applicant to the ₹15 Lakhs Personal Loan can increase your eligibility. You can also get a higher loan amount to meet different needs.
Interest Rates Available for Personal Loans of ₹15 Lakhs
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 ₹15 Lakhs?
Find out if you are eligible to apply for a ₹15 Lakhs Personal Loan
Salaried
Self-employed Professional
Self-employed Non - Professional
Steps to Apply for a ₹15 Lakh Personal Loan Online
Visit the Aditya Birla Capital Website or App
Access the official website or download the Aditya Birla Capital app to begin your application.
Check Your Loan Eligibility
Use our online loan calculator to determine your eligibility for a ₹15 lakh personal loan and estimate your EMI.
Submit the Online Loan Application
Fill out the application form with your personal details, employment information, and loan requirements.
Upload the Necessary Documents
Submit scanned copies of identity proof, income proof, and bank statements for verification.
Loan Processing and Approval
After verification, your ₹15 lakh personal loan application will be reviewed and approved if all criteria are met.
Receive Your Funds
Once approved, the loan amount will be credited to your bank account within 24 to 48 hours.
Eligibility Criteria for Personal Loans of ₹15 Lakhs
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
Eligibility criteria
* A higher age limit is applicable at the time of loan maturity.
Fees and Charges for Personal Loans of ₹15 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. |
ABC Of Calculators
Your estimated EMI amount
₹ 0Total Interest
₹ 0Total Payout
₹ 0You are eligible for a loan of
₹ 0*EMI @ 9% Interest Rate
₹ 0*
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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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