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Home LoanFind customised home loan solutions for your unique needs
Balance TransferFind a better interest rate for your existing home loan
Top up Home LoanGet a loan on your existing home loan to meet your needs
Personal LoanMeet all your dreams and needs with a collateral-free Personal Loan
Flexi LoanMake loan repayment flexible and hassle-free with Flexi Loans
Instant Personal LoanGet quick funds with Aditya Birla Capital Instant Personal Loan
Long Term Personal LoanEnjoy affordable repayments and a flexible tenure with Aditya Birla Capital
Personal Loan EligibilityCheck your Aditya Birla Capital Personal Loan eligibility
Personal Loan Interest RatesEnjoy low personal loan interest rates for affordable repayments
Loan for SalariedLoan for Salaried, you don’t have to. Get quick funds without collateral and a flexible repayment tenure.
Loan for Self-EmployedLoan for Self-employed. Get quick funds without collaterals and a flexible repayment tenure for affordable EMIs.
Are you eligible for a Personal Loan? Find out now!
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Secured Business LoanBoost your business with competitive rates & flexible terms
Line Of CreditGet anytime funds, quick approval, & ongoing support with Line of Credit
Working Capital LoanStrengthen your business cash flow with quick access to funds & flexible repayment options
Supply chain financing Solution - Invoice DiscountingImprove your cash flow & gain quick access to funds by discounting your invoices
Unsecured Business LoanFuel your business with fast approval & flexible terms
Machinery LoanEmpower your ambitions with customized Machinery Loans
Rooftop Solar LoanMaximize Your ROI with Strategic Energy Funding
Loan for EngineersNeed quick funds for your financial needs?
Loan for Self-employedShop to your heart’s content with Aditya Birla Capital’s Loan for Self-employed.
Loan for DoctorsNeed funds for your personal or business-related needs?
Loan for Government EmployeesSimple financing for government employees.
Loan for CANeed quick funds with simple documentation?
Loan for SalariedWaiting for your salary to be credited to meet your financial needs?
Loan for TeachersNeed quick funds without collateral security?
Construction FinanceOur solutions with Flexible funding, project requirements to drive construction forward.
Commercial Property PurchaseTurn your property vision into reality with flexible terms and competitive interest rates.
Lease Rental DiscountingSupporting real estate businesses in project completion
Loan Against SharesLeverage your investments with Loan Against Shares, while retaining ownership of your assets
Loan Against Mutual FundsUnlock the value of your investments while keeping your assets intact
Loan Against Life insurance PolicyGet loans for all your business needs at attractive rates
Promoter FundingEmpower your business growth with financial solutions to support expansion & ownership
Project FinanceTurn your ideas into reality with flexible funding to support your vision from start to finish
Structured FinanceUnlock customized financial solutions designed to meet the unique needs of complex business projects
Working Capital Demand LoanKeep your business running smoothly with quick access to funds for day-to-day operations
Term LoanAchieve your business goals with flexible repayment options & competitive rates for long-term growth
Debt FundsDiversify your portfolio and reduce risk with Debt Funds
Equity FundsInvest smartly in Equity Funds to aim for higher returns
Hybrid FundsDiversify your portfolio and reduce your risk with a mix of equity and debt
Retirement FundsGoal-oriented fund with a lock-in period to create a corpus for retirement
Children’s FundsSecure your child’s financial future with solutions-oriented children’s funds
Exchange Traded FundsUnlock a smart, hassle-free way to invest in various assets
Fund Of FundsChoose the smart way to diversify risks and grow investments
Index FundsFollow the benchmark of smart investors to grow your wealth
All FundsExplore, Compare, and Invest in Top Mutual Funds
Calculate wealth creation through lumpsum investment in Mutual Funds
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Equity TradingInvest or trade in equity for attractive returns and long-term capital growth
Margin Trading FacilityGet up to 5X leverage on leading stocks & increase your trading power
BondsGive your portfolio stability with attractive returns
Start trading in equities and other securities. Grow your wealth with our Demat account.
Attractive returns- Liquidity
- Diversification
- Ownership in a company
Term InsuranceBring security and peace to life’s unpredictability
Retirement PlansGet a guaranteed regular pension plus lump sum on plan maturity
Savings PlansGet a guaranteed regular pension plus lump sum on plan maturity
ULIP PlansGet the benefits of insurance & wealth creation in one convenient plan
Find out how much life insurance you need with our Human Life calculator
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Health & Wellness PlansMake quality health care affordable and accessible
Super Top-up PlansGet extra coverage when you need it most
Active One Max PlansA comprehensive Health Insurance plan for all your healthcare needs
Health Saver CardThe Health Saver Card helps reduce expenses while keeping you healthier
Eye InsuranceProtect your vision with comprehensive eye insurance.
Dental InsuranceProtect your smile with comprehensive dental insurance and coverage plans tailored for you.
Hospicash InsuranceGet financial support with our hospital cash insurance for unexpected medical expenses.
Mental Health & Nutrition InsuranceGet the best mental health insurance online with ABCD Aditya Birla Capital today!
Personal Accident InsuranceSecure your future with our affordable personal accident insurance plans.
Tele OPD ConsultationsAccess convenient teleconsultation and video doctor consultations for your health needs.
Aditya Birla Capital LimitedAditya Birla Capital Limited (‘ABCL’) is a listed systemically important, Upper Layer Non-Deposit taking Non-Banking Financial Company (NBFC-ICC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provide 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 66,500 employees, the businesses of ABCL have a nationwide reach with over 1,759 branches and more than 200,000 agents /channel partners along with several bank partners.
Nationwide Branches
1,759
No. of Employees
66,500
Agents/Channel Partners
2,00,000+
Aggregate Assets
INR 7.53 Lakh Cr
Consolidated Lending Book
INR 2.19 Lakh CrCorporate Governance Policies
- Policy for appointment of Statutory Auditors
- ABCL NRC Policy
- Corporate Social Responsibility
- Fair Practices Code
- Internal Guidelines on Corporate Governance
- Familiarization Programme for Independent Directors
- Disclaimers
- Ombudsman
- Privacy Policy
- Trademark Policy
- Vigil Mechanism / Whistle Blower Policy
- Regulatory Disclosure
Financial and Debt-Related Policies
Business and Partnership Policies
- Outsourcing FAQ’s
- Press Releases
- Our Digital Lending Platform Partners
- ABCL List of active CLA Partners
- List of Third parties
- Our Digital Referral Partners
- ABCL Collection and Recovery Agency List
- ABCL Terminated Collection and Recovery Agency List
- Importance of Following Repayment Schedule
- Scheme of Amalgamation
- SEBI Disclosures
- Interest Rates & Service Charges
- Discontinued Service provider list
- Terms & Conditions
- Fraud Awareness
- Active Service Providers List
- Archival Policy
Life Insurance
Health Insurance
Mutual Fund
Home Finance
Personal Finance
Stocks & Securities
Credit TrackCheck your credit score and get tips on how to improve it
Health TrackHealthy living made easy with ABCD’s Digital Health Evaluation
Portfolio TrackBring your assets and liabilities under one platform
Spend TrackManage your money effectively with Spend Track.
Vehicle TrackCheck Vehicle & Car Insurance Status/Validity Online
Digital WillA digital will is a legally valid document created through a secure online platform
Read About LoansMoney management made easy
Read About TaxationUnderstanding direct and indirect taxes
Read About Citizen ServicesKnow how to plan retirement well
Read about InsuranceInsurance and it's aspects for laymen
Read About Credit & Banking Investments and their jargon - simplified
Read about InvestingInvestments and their jargon - simplified
Read About Personal FinanceKnow all about loans and their management
Read About PaymentsKnow 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
BMI CalculatorIt measure your leanness or obesity basis your height and the weight.
Income Tax CalculatorCalculate the tax payable by you based on your income
SIP CalculatorEstimate the returns you can earn with your SIP investments
SWP CalculatorCalculate the Life Insurance cover you need to secure your family’s future
SSY Calculator Calculate Maturity Amount for your Recurring SSY
Personal Loan Eligibility Calculator Calculate the Personal Loan amount you are eligible for
Experience ConseQuest- A game where your decisions drive your future.
- Wisdom in Choices
- Life Optimised
- Simplifying Success
What is Personal Finance?
It is a range of financial solutions and strategies designed to help you meet expected and unexpected financial needs. These convenient financing solutions can cover a wide range of expenses, from consolidating debt and financing medical emergencies to pursuing educational goals and fulfilling lifestyle aspirations.
- Competitive interest rates
- Quick and transparent processing
- Convenient repayment options
Our Personal Finance Products
Spread repayments over an extended tenure to keep EMIs affordable and predictable. A practical choice for funding larger expenses without straining your monthly budget.
Get an instant line of credit with Aditya Birla Capital Flexi Loan and pay interest only on the amount borrowed.
Compare Our Personal Finance Products
| PRODUCT TYPE | PERSONAL LOAN | FLEXI LOAN |
|---|---|---|
Purpose 
Suggests who should get this loan. Remember, it’s only a suggestion. |
Consolidating debt, financing medical expenses, pursuing education, fulfilling lifestyle aspirations | To get funds instantly and repay the loan at your convenience. |
| Who Can Apply
Who can apply for this loan |
Salaried
Age: 21 to 60 years, Credit score: above 750+ Salary (Min/per month):
|
Salaried |
| Loan Amount
The duration for which the policy is in effect. |
Up to ₹50 lakhs |  |
| Tenure
The sum assured along with bonuses that are paid to you when you survive the policy period. |
Up to 7 years | Up to 7 years |
| Interest Rates
The option to decide how often you want to pay premium - monthly, quarterly, yearly etc. |
13% to 28% | 11% to 16% |
| Processing Fee
Indicates the investment-related risks of the plan. |
Up to 2.5% of the loan amount | Up to 2.5% of the loan amount |
| Additional Features
Indicates how easy it’ll be to access cash from your policy. |
No collateral needed | Interest charged only on the utilised amount |
| APPLY NOW | APPLY NOW |
Types of Personal Loan in India
Interest Rates Available
Loans up to 12 months
Loans more than 12 months
Explore All Personal Loan Options
Find the right personal loan for every financial needInstant Personal Loan
INSTANT PERSONAL LOAN SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN
Customer Satisfaction Stories
Aditya Birla Finance Customer
Aditya Birla Finance Customer
Aditya Birla Capital Limited
Aditya Birla Capital
Aditya Birla Finance Customer
FAQs on Personal Finance
You can reach us via:
• Helpline: 1-800-270-7000 — 9 am to 9 pm, Monday to Sunday (closed on national holidays)
• Service Branches: 9.30 am to 6 pm, Monday to Friday and alternative Saturdays (2nd, 4th and 5th Saturdays are working. Branch closed on Sundays and national holidays)
We always strive to offer you a hassle-free experience. To help you control your loan account, we are introducing a unique and completely secure service platform called ABCL Connect. You can access your loan account by using your login credentials - click here (https://finlogin.adityabirlacapital.com/Pages/Secured/OneABC/Login.aspx).
Features of ABCL Connect are:
• View your loan account whenever, wherever
• View and save your amortisation schedule for any future reference
• Make an online request for disbursement
• Change your ECS mandate
• Ask for a top-up loan
• Apply for a new loan
ABCL has a unique set of offerings as mentioned below:
• Customised solutions; hassle-free financing
• Complete transparency in charges and processes
• Quick approvals and minimum processing and disbursement time
• Easy online application process and instant eligibility
• Doorstep services with simplified documentation through service RM’s
• Choose between simple EMIs or structured repayments
• Attractive balance transfer option available to transfer your existing loan to us without any hassles
Any unbanked/unused cheques in the custody of ABCL or ABHFL, such as post-dated cheques, undated cheques, and security post-dated cheques, will be cancelled and destroyed without any intimation to the customer after the closure of the loan account.
This is done to protect the customer from fraud and to ensure that the cheques cannot be used once the loan account is closed.
Aditya Birla Capital offers a comprehensive suite of personal finance products to cater to diverse needs, including:
• Personal Loans: Access funds for a variety of purposes with flexible repayment options and competitive interest rates.
• Flexi Loan: Experience the flexibility to withdraw funds as per your needs and repay conveniently with interest charged only on the utilised amount.
The essential documents typically include
-
KYC Documents
-
Address Proof
-
Income proof (such as salary slips for salaried individuals or recently acknowledged ITR for the self-employed).
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Identity proof
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Loan Statements
Yes! Along with the interest on the principal amount, there is a non-refundable processing fee of up to 1.5% to 4% of the loan amount when applying for a personal loan.
A Flexi loan is a credit option that allows you to meet financial obligations without the need to provide security or collateral. It comes without an end-use restriction, thus it can be used for a variety of purposes, making it easy to manage. Also, you can withdraw funds as needed and pay interest only on the utilised amount.
A Flexi loan is versatile and can cover various expenses like home renovations, marriage expenses, education fees, vacations, debt consolidation, purchasing electronics and appliances, medical bills, business investments, car repairs, and more.
To qualify for a Flexi loan, you need a consistent income, whether you're a salaried employee, self-employed, or a professional. Your eligibility depends on factors like employer, credit history, residential location, and other criteria as per the eligibility criteria mentioned.
No! There's no restriction on the number of withdrawals you can make, allowing you to access funds as and when required. However, it's crucial to ensure that your withdrawals remain within the pre-approved credit limit sanctioned by Aditya Birla Finance. This ensures responsible borrowing and prevents you from overextending your finances.
No. There is no difference between a 'Flexi loan' and a 'personal line of credit'. The terms are often used interchangeably, as they essentially refer to the same type of revolving credit facility. Both options provide a flexible line of credit, allowing borrowers to withdraw funds up to a pre-approved limit and repay them as needed. The primary distinction between the two terms lies in their branding and usage, with "Flexi loan" being more commonly used by Aditya Birla Finance and "personal line of credit" being a general term used by various financial institutions.
In order to apply for a Flexi loan, make sure you have the following documents ready:
Identity proof: PAN Card / Voter ID Card / Aadhaar Card / Passport / Driving Licence
Address proof: Aadhaar Card / Utility Bill (up to 3 months old) / Lease or Property Purchase Agreement / Driving Licence / Bank Account Statement / Passport
Income proof: Salaried Individuals – Salary Slips / Bank Account Statement / Form 16. Self-employed Individuals – Bank Account Statement / P&L Statement and Balance Sheet / ITR of previous years
Business Proof (for self-employed individuals and professionals): Certificate of Practice / MOA & AOA / GST Registration and Filing Documents / Partnership Deed / Shop Act Licence
A Flexi loan provides numerous benefits, including:
• Financial Flexibility: Access to funds when you need them most, whether it's for debt consolidation, medical expenses, education, or pursuing lifestyle aspirations.
• Flexible Repayment Options: Choose a repayment plan that suits your financial situation and needs with repayment tenure options ranging up to 7 years.
• Varied Credit Line Options: Access to a range of credit line options, including Personal Loans (up to 7 years), Business Loans (up to 4 years), and Short Term Unsecured Loans (up to 5 years), to suit your specific needs.
• Multiple Withdrawals: Enjoy the freedom to withdraw funds as per your evolving requirements without the hassle of repeated loan applications.
• Predictable Monthly Payments: Fixed interest rates and predictable monthly payments can help you plan your budget and finances accordingly. Pay interest only on the utilised amount and pay the principal amount at your convenience.
• No Partial Repayment Charges: Make partial repayments without incurring any additional charges, providing you with the flexibility to manage your finances as desired.
• Streamlined Process: Experience a simplified application and documentation process for a hassle-free experience.
The interest rate for a Flexi loan depends on several factors, including your credit score, repayment capacity, type of employment, and existing financial liabilities. However, in general, Flexi loans are offered at competitive interest rates that are comparable to, or sometimes even lower than, regular personal loans.
Unlike traditional personal loans, where interest is charged on the entire loan amount from the date of disbursement, Flexi loans employ a day-based interest calculation method. This means interest is accrued only on the utilised portion of the credit limit, calculated daily.
To better understand the interest calculation process, consider this example:
Let's assume you have a Flexi loan with a sanctioned credit limit of ₹2,00,000. The interest rate is 12% p.a., and interest is calculated daily. You withdraw ₹50,000 from your Flexi loan account on Day 1 and repay it on Day 15.
In this case, the daily interest would be calculated as follows:
Daily Interest Rate = Interest Rate / (Days in Year X 100)
Daily Interest = Outstanding Balance X Daily Interest Rate
On Day 1, the daily interest would be:
Daily Interest Rate = 12 / (365 X 100) = 0.000328
Daily Interest = ₹50,000 X 0.000328 = ₹16.4
Since you repaid the entire amount on Day 15, you would only be charged interest for the 15 days you utilised the funds. The total interest paid for these 15 days would be:
Total Interest = Daily Interest X Number of Days
Total Interest = ₹16.4 X 15 = ₹246
This demonstrates the advantage of Flexi loans in terms of interest calculation. You only pay interest on the amount you utilise and for the duration you use it, leading to lower overall interest payments compared to traditional personal loans.
"Term Loans" and "Flexi Loans" are two different types of loans, each with its unique structure and flexibility in repayment. The other differences are highlighted below:
Basis - Nature:
(Term Loan) Disbursement of the approved loan amount
(Flexi Loan) Sanctioned credit limit with flexible withdrawals
Basis - Interest Calculation:
(Term Loan) Interest on the outstanding loan amount
(Flexi Loan) Interest on the utilised/withdrawn amount
Basis - Prepayment Charges:
(Term Loan) Prepayment fees may apply for fixed-rate loans
(Flexi Loan) No prepayment fees
Basis - Repayment Schedule:
(Term Loan) Fixed EMIs (Principal + Interest)
(Flexi Loan) Flexible principal repayments with fixed interest payments at predetermined intervals
You can download the ABCL Finance App by clicking on the link below or by scanning the QR code provided.
Download Link:
App Store: Aditya Birla Capital - Finance App - App Store
Google Play Store: Aditya Birla Capital – Finance - Apps on Google Play
| QR Code: |
 
|
 
|
Once the app is installed, you can register as a new user or log in using your registered mobile number to access your loan account.
Enter your PAN and registered mobile number, then verify your identity using the OTP sent to your registered mobile number.
Once verified, create your MPIN and enable biometric login (optional) to complete your registration.
Open the ABCL Finance App and log in using your MPIN or biometric authentication, if enabled.
Go to My Loans and select your Loan Account Number to view your loan details and account summary.
Go to your Loan Dashboard and click Request for Disbursement. Verify your available limit and bank account details, enter the disbursement amount, and authenticate the request using the OTP sent to your registered mobile number. Confirm your bank account details by selecting the checkbox and click Proceed to submit your request.
Go to your Loan Dashboard, click on Online Payment, enter the repayment amount, choose your preferred payment method, and complete the transaction. .
You can make a repayment using your Virtual Account Number (VAN) by transferring the amount via NEFT/RTGS. Your VAN details are available in the Online Payment section of the app and in your Welcome Letter. .
Go to the Important Documents section, select your Loan Account Number and choose the document you want to view or download. You can access documents such as your Statement of Account, Repayment Schedule, and Welcome Letter. .
Open the Slide-out Menu, go to Profile, and select the Mobile Number or Email ID you want to update. Follow the on-screen instructions to complete the update. .
Your disbursement request may be blocked due to one of the following reasons:
a. For Balance Transfer (BT) loans: If your No Due Certificate (NDC) is pending, please submit it to proceed with the disbursement.
b. If you have any overdue amount or bounced EMI: Please clear the overdue amount. Your disbursement request will be automatically unblocked after the applicable cooling-off period.
If you have any further queries, please contact our Customer Service team.
Toll free No: 1800 270 7000
Email ID:
care.finance@adityabirlacapital.com
For any query or transaction failure, please contact our Customer Service team for assistance.
Toll free No: 1800 270 7000
Email ID: care.finance@adityabirlacapital.com
ABC Of Personal Loans
