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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
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Personal Loan of ₹15 Lakhs
- Attractive interest rates
- Easy & flexible repayment options
- Easy application process with quick sanctions
How to Get a Personal Loan for ₹15 Lakh
Need a ₹15 lakh personal loan for a major financial requirement? Whether it’s for a home renovation, business expansion, wedding, or medical emergency, a personal loan offers a quick and hassle-free solution. With an easy online application process, you can secure a ₹15 lakh personal loan with flexible repayment options and competitive interest rates. At Aditya Birla Capital, we ensure a smooth borrowing experience with minimal documentation and instant processing. Here’s everything you need to know to apply for a ₹15 lakh personal loan.
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.
Eligibility Criteria for Personal Loans of ₹15 Lakh
Documents Needed for a ₹15 Lakh Personal Loan
- Identity Proof : Aadhaar card, PAN card, Job Card issued by NREGA, passport, or voter ID.
- Residential Proof : Utility bills, rental agreements, or passport.
- Income Verification : Latest salary slips (for salaried applicants) or income tax returns (for self-employed applicants).
- Bank Transaction History : Bank statements from the last 6 months to assess income and repayment capability.
- Recent Photographs : Passport-sized photographs required for verification.
Eligibility Criteria for a ₹15 Lakh Personal Loan?
- Age Requirement : Applicants must be between 21 and 60 years old.
- Employment Type : Both salaried professionals and self-employed individuals are eligible.
- Credit Score Requirement : A credit score of 700-750 or higher enhances your chances of approval.
- Stable Income Criteria : A verifiable and steady monthly income is necessary for loan approval.
- Work Experience Criteria : Salaried individuals should have at least 1 year of total work experience, with a minimum of 6 months in their current job.
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.
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 ₹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. |
Tools
Interest Rates Available for
Personal Loans of ₹15 Lakhs
Find out the interest payable on the Personal Loan of ₹15 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 ₹15 Lakhs?
Find out if you are eligible to apply for a ₹15 Lakhs Personal Loan
Salaried
Self-employed Professional
Self-employed Non - Professional
Balance Transfer
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Reduced Interest Rates -
Lower Monthly Payments
Top-Up
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Comprehensive coverage
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Affordable with low premiums
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
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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.
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 ₹15 Lakhs
You can apply for a Personal Loan of ₹15 Lakhs offline through Aditya Birla Capital’s branches. Locate the nearest branch, visit it and apply for the loan offline. You must complete an application form and submit the relevant documents to apply for the loan.
Aditya Birla Capital processes and disburses the loan within hours. So, you can get immediate funding for your needs through the company’s ₹15 Lakhs Personal Loan.
The maximum repayment tenure of a ₹15 Lakhs Personal Loan is 84 months.
To secure a higher loan amount, here are some tips -
• Have a good credit score
• If you have existing liabilities, pay them off before applying for them
• Add a co-applicant to your loan application
You can take a Personal Loan of ₹15 Lakhs to buy a car.
Adding a co-applicant to the loan enhances your overall eligibility. If you have a low credit score, you can become eligible for the loan if your co-applicant has a high score. Moreover, you can get a higher loan amount.
The EMI is calculated based on the loan amount, repayment tenure and the applicable interest rate. You can use the online EMI calculator to find the EMI payable for the ₹15 Lakhs Personal Loan.
The maximum loan amount will depend on your eligibility parameters. You can use the online eligibility calculator to find the maximum loan amount available.
You can make a lump sum payment to reduce your outstanding liability. This is called partial prepayment, and it is allowed after the first six months of loan disbursement.
The minimum age to apply for a Personal Loan of ₹15 Lakhs is 21. You cannot apply for a loan at 18.
Your credit score determines whether your loan application will be approved or not. Moreover, it affects the interest rate and the maximum loan amount you can get.
A ₹15 Lakhs Personal Loan is a multipurpose loan which can be used for any financial need. You can pay for a wedding, vacation, medical treatments, home renovation, buying gadgets or appliances or meet the expenses of your business with the loan.