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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
- 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
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- Vigil Mechanism / Whistle Blower Policy
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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
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- Importance of Following Repayment Schedule
- Scheme of Amalgamation
- SEBI Disclosures
- Interest Rates & Service Charges
- Discontinued Service provider list
- Terms & Conditions
- Fraud Awareness
- 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 MoneyMoney management made easy
Read about TaxUnderstanding direct and indirect taxes
Read about Retirement PlanKnow how to plan retirement well
Read about InsuranceInsurance and it's aspects for laymen
Read about InvestingInvestments and their jargon - simplified
Read about Loans and FinancingKnow 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
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Experience ConseQuest- A game where your decisions drive your future.
Wisdom in Choices
Personal Loan of ₹2 Lakhs
- Attractive interest rates
- Easy & flexible repayment options
- Easy application process with quick sanctions
Interest Rates Available for
Personal Loans of ₹2 Lakh
Find out the interest payable on the Personal Loan of ₹2 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 |
Get A Personal Loan of ₹2 Lakh In 5 Easy Steps
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.
Eligibility Criteria for Personal Loans of ₹2 Lakh
Documents Required for Personal Loans of ₹2 Lakh
- Identity & Address Proof: Aadhaar Card, PAN Card, Passport, Voter ID, or Driving Licence.
- Income Proof : Last 3 months’ salary slips or Form 16 for salaried individuals.
- Bank Statements : Last 6 months’ bank statement where salary is credited.
- Other Income Proof : For self-employed, ITR filings and business registration documents.
Eligibility Criteria for Personal Loans of ₹2 Lakh
- Age : Minimum 21 years, Maximum 60 years (at loan maturity).
- Employment Type : Salaried individuals or self-employed professionals/non-professionals.
- Credit Score : Minimum 750 required for favourable loan terms.
- Income Requirement : Monthly income as per lender’s eligibility criteria.
Fees and Charges for Personal Loans of ₹2 Lakh
| 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. |
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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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 ₹2 Lakh
You can decrease the EMI of your Personal Loan of ₹2 Lakhs by increasing the repayment tenure. Moreover, if you have a high credit score, you can get a lower interest rate, reducing the EMIs. Partial prepayments also help in reducing the EMIs.
The factors affecting the EMI of your Personal Loan of ₹2 Lakhs include the following -
• The repayment tenure
• The interest rate
• Your credit score
If you are more than 60 years old when applying for the loan, your application will be rejected due to age because the maximum application age is 60 years.
If you need more funds, you can add a top-up if you are eligible. You can use the online eligibility calculator to find the maximum loan amount available. If the eligible amount is more than ₹2 lakhs, you can get an additional loan when you need more funds.
You can get a Personal Loan of ₹2 Lakhs to fund your father’s medical treatments. The loan is sanctioned quickly and will give you the necessary funds.
Aditya Birla Capital processes the loan applications quickly and sanctions the funds within a few hours.
You can use the eligibility calculator available online to find the maximum loan amount you can get with a salary of ₹25,000.
If your father is more than 60 years old, you cannot avail of a Personal Loan in his name as the maximum application age is limited to 60. You can, instead, get the loan in your name on your father’s behalf.
Yes, you can use the Personal Loan of ₹2 Lakhs to pay off other liabilities. The loan is a multipurpose financial solution that does not restrict funds' usage.
If you are eligible for a higher loan amount, you can simultaneously apply for multiple Personal Loans of ₹2 Lakhs. However, multiple applications would reduce your credit score and are best avoided.
Yes, you can add a co-applicant to the loan application. This will increase your eligibility and allow you to get the loan easily.
A minimum credit score of 750 is needed for a Personal Loan with Aditya Birla Capital. So, if your score is 690, you will not be eligible for the loan.
If the student has a steady source of income and qualifies on the eligibility parameters, he can get a Personal Loan of ₹2 Lakhs. However, students usually do not have a source of income and might not be eligible for the loan.
The EMI will depend on the interest rate which depends on your credit score and other eligibility parameters. You can use the online EMI calculator to find the EMI payable for the Personal Loan of ₹2 Lakhs.
Yes, you can get a Personal Loan of ₹2 Lakhs without collateral because the loan is unsecured.