Aditya Birla Capital Limited mandates specific official documents to apply for a Business Loan, adhering to central government regulations. These necessary documents include:

• KYC documents – Identity proof and address proof of the borrower and all co-borrowers

• PAN Card for the borrower and all co-borrowers.

• Bank statements from the primary operational business account for the last (6-12 months).

• Signed agreement reflecting the standard terms (for term loan facilities).

• Additional document(s) might be necessary for assessing credit and processing the loan application.

• GST registration.

• Previous 12 months’ bank statements.

• Proof of business registration.

• PAN Card and Aadhar Card copies of the Proprietor(s).

• Copy of the deed and company PAN Card (for partnerships).

Business loans are available for a range of business structures, including Proprietorships, Partnerships, and both Public and Private Limited Companies.

While not mandatory, some lenders may recommend insurance to cover the business loan in case of unforeseen circumstances.

Missing EMIs may lead to late payment charges, penal interest, and a drop in your credit score or legal action if default continues.

An Unsecured Business Loan is a collateral-free loan offered to eligible businesses to meet various business requirements such as expansion, working capital management, inventory purchase, equipment acquisition, and other growth-related expenses

Customers whose CIBIL score start from 650 can avail unsecured business loans

MSMEs, sole proprietorships, partnership firms, LLPs, private limited companies, and other eligible business entities can apply for a business loan, subject to meeting the lender's eligibility criteria.

Yes, especially if you’ve offered a personal guarantee. Any missed payments can impact your credit score.

You can repay the loans through convenient and budget-friendly EMIs, utilising various repayment channels like ECS and NACH.

The processing fee will vary from one customer to another by up to 3% + GST. Foreclosure charges: 4% on POS + GST.

Typically, a loan is disbursed within 7-10 working days upon the submission of all required documents in complete and accurate form.

Access all your loan information and updates securely on ABCL Connect. Simply log in with your credentials by clicking here. The key features of ABCL Connect include effortless online disbursement requests, ECS mandate amendments, top-up loan requests, and applications for new loans.

Reach out to our customer care at 1800 270 7000, or you can email us at care.finance@adityabirlacapital.com.

Any unbanked/unused cheques, i.e., Post-dated Cheques/Undated Cheques/Security Post-dated cheques in the custody of ABCL or ABHFL will be cancelled and shredded/destroyed, without any intimation to the customer, after the closure of the loan account.

No. Part-payment is not allowed.

Yes, it does have an impact on the borrower’s credit score. Your credit score will be improved if you pay your EMIs on time. Paying your EMIs on time will make you a low-risk borrower and increase your borrowing capacity.

Yes. It is possible to increase the credit limit. 

To qualify for a business loan, you need to meet the following eligibility criteria:

• Your business entity should fall into one of the following categories: sole proprietorship, partnership firm, private limited company, closely held publicly listed company, or recognized and reliable societies and trusts.

• Your business must demonstrate a consistent earning position for at least three consecutive years.

• Submission of thorough and verifiable financial documents is mandatory. This includes balance sheets and profit and loss statements for the past two years, and the requisite tax audit reports.

Loan repayment can be conveniently managed through affordable EMIs, utilising various repayment channels such as ECS and NACH.

If you’re unsure about whether you need a Secured Business Loan or not, consider the following points:

• Immediate need for credit: In case you currently require accessible and affordable credit within a short timeframe.
• Project risks due to delayed payments: In case your business is experiencing challenges as larger corporations delay payments, posing a threat to the progress of your ongoing projects.
• Limited access: In case your business lacks access to organised financial resources, hindering financial stability and growth.
• Looking for financial solutions: If you need both long-term strategic goals and short-term finance needs.

Access all your loan information and updates securely on ABFL Connect. Simply log in with your credentials by clicking here. The key features of ABFL Connect include effortless online disbursement requests, ECS mandate amendments, top-up loan requests, and applications for new loans.