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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 5.50 Lakh Cr
Consolidated Lending Book
INR 1.90 Lakh CrCorporate Governance Policies
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Experience ConseQuest- A game where your decisions drive your future.
Wisdom in Choices
Debt Consolidation Loan
- Attractive interest rates
- Easy & flexible repayment options
- Easy application process with quick sanctions
Reasons To Get a Debt Consolidation Loan from Aditya Birla Capital
Collateral-free
There is no need to pledge any asset to secure the loan. 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.
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 application.
Facility to add a co-applicant
Adding a co-applicant to the Personal Loan for Debt Consolidation can increase your eligibility. You can get a higher loan amount to pay off various small loans and debts.
Interest Rates Available for
Debt Consolidation Loans (2025 Update)
Plan your debt consolidation smarter with Aditya Birla Capital’s competitive rates, updated for 2025 based on RBI’s external benchmark lending rates.
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 |
Get A Debt Consolidation Loan In 5 Easy Steps
Who Can Apply For Debt Consolidation Loan?
Find out if you are eligible to apply for a Debt Consolidation Loan
Salaried
Self-employed Professional
Self-employed Non - Professional
Eligibility Criteria for Debt Consolidation Loans
Are you eligible for a Debt Consolidation Loan? Check whether you meet the criteria.
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
- Salaried Individuals Private or government employees with a regular monthly income and stable employment history.
- Self-Employed ProfessionalsQualified professionals such as doctors, chartered accountants, architects, consultants, and similar practitioners with consistent earnings.
- Self-Employed Non-ProfessionalsBusiness owners, traders, and entrepreneurs running proprietary or partnership businesses.
- Citizenship & Age Applicants must be Indian citizens aged between 21 and 60 years, with the upper age limit possibly extended at loan maturity.
- Credit ScoreA CIBIL score of 750 or above is preferred, as a higher score improves approval chances and helps secure better interest rates and terms.
- Income Requirement A minimum monthly income of ₹25,000 or more is required, subject to variation based on city, employer, and applicant profile.
- Existing Liabilities Outstanding debts such as credit card balances, personal loans, or similar borrowings that are eligible for debt consolidation under the loan.
Fees and Charges for
Debt Consolidation Loans
| 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. |
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.
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.
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Range of loan options for different needs
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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
Debt Consolidation Loans
Debt Consolidation Loans
Debt consolidation means paying off multiple existing debts by taking out one loan. With debt consolidation, you can get a new loan and close existing debts with it.
A Personal Loan is an unsecured funding solution that grants funds for any type of personal or commercial need.
A Personal Loan is a multipurpose loan that can be used for anything. If you have multiple debts and want to consolidate them into one to avoid multiple interest payments, you can opt for a Personal Loan and use the funds to pay off the existing debts.
Debt consolidation is beneficial for the following reasons -
• You just have to service one loan. You don't have to remember the installment dates of different loans and repay only one loan
• You can save on the interest outgo of different loans
• It also becomes easier to apply for another loan if you need funds
If you can save on the interest outgo and manage your debts effectively, debt consolidation can be a good reason to get a loan.
The loan amount would depend on your income and other eligibility parameters. You can use the online eligibility calculator to find out how much money you can borrow with the debt consolidation loan based on your eligibility.
Aditya Birla Capital processes and approves the debt consolidation loan quickly if your application and paperwork are in order.
Yes, you can consolidate all types of debts into one with a debt consolidation loan. Examples include personal loans, auto loans, credit card bills, etc.
Consolidating your debts includes taking out a fresh loan to repay the existing ones. When you get a new loan, your credit utilisation ratio is impacted, negatively impacting your credit score. However, this impact will be for the short term, and when you repay the loan timely, your credit score will improve.
Yes, self-employed individuals can also opt for a debt consolidation loan to consolidate their multiple debts.
Yes. Once approved, the loan amount is credited to your bank account within 24–48 hours. In some cases, the lender can also pay your existing creditors directly to ensure smooth and hassle-free debt consolidation.
Yes, the debt consolidation loan prepayment is allowed after the first 6 months. However, such prepayment would attract charges which you should check before prepaying the loan.
The impact is generally positive if you make timely repayments. Managing a single EMI is easier and improves payment discipline. While a hard credit inquiry may cause a small initial dip, closing multiple old accounts can strengthen your score over time.
No. This is an unsecured loan, so no collateral or asset is required. Approval depends on factors such as your credit score, income stability, and repayment capacity.
Typical charges include processing fees (usually built into the interest rate), prepayment charges of around 3–4% after the lock-in period, bounce charges of approximately ₹500, and foreclosure charges of about 4% after 12 months. All applicable fees are disclosed upfront, and there are no hidden charges.
You can borrow up to ₹25 lakhs or the total outstanding debt, whichever is lower, subject to your income and debt-to-income ratio. Salaried applicants with strong credit profiles may qualify for higher limits.
You can consolidate credit card dues, personal loans, overdrafts, and other unsecured debts. Home loans or mortgages are not eligible. This option works best for high-interest, revolving debt.