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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
- 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
- Our Digital Referral Partners
- ABCL Collection and Recovery Agency List
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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
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Experience ConseQuest- A game where your decisions drive your future.
Wisdom in Choices
Personal Loan of ₹20 Lakhs
- Attractive interest rates
- Easy & flexible repayment options
- Easy application process with quick sanctions
₹20 Lakh Personal Loan
A ₹20 lakh personal loan is a high-value financing option designed to help manage significant expenses, such as home renovation, medical emergencies, business expansion, or debt consolidation. With quick approvals, minimal documentation, and flexible repayment options, this loan provides financial assistance for large commitments. Alternatively, a ₹20 lakh personal loan is a collateral-free financing solution for substantial personal or professional expenses. Whether it is for a wedding, higher education, or an urgent financial requirement, this loan offers flexible EMIs and instant disbursal without the need for security.
Reasons To Get a Personal Loan of ₹20 Lakhs from Aditya Birla Capital
Collateral-free
There is no need to pledge any asset to secure a Personal Loan of ₹20 Lakhs. 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. This makes the ₹20 Lakhs Personal Loan pocket-friendly.
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 applying for the loan.
Facility to add a co-applicant
Adding a co-applicant to the ₹20 Lakhs Personal Loan can increase your eligibility. You can also get a higher loan amount to meet different needs.
Eligibility Criteria for a ₹20 Lakh Personal Loan
Documents Required for ₹20 Lakh Personal Loan
- Identity Proof: Aadhaar Card, PAN Card, Passport
- Address Proof: Voter ID, Utility Bill, Driving License
- Income Proof: Salary slips for the last three months
- Bank Statement: Last six months' statement for financial verification
For Salaried Individuals
- KYC Documents: PAN Card, Aadhaar Card, Passport
- Business Proof: GST certificate, Business registration proof
- Income Proof: Income Tax Returns (ITR) for the last two years
- Bank Statement: Last six months for financial verification
For Self-Employed Individuals
Eligibility Criteria for ₹20 Lakh Personal Loan
- Minimum Age: 21 years
- Maximum Age: 60 years
- Salaried: Minimum monthly salary of ₹50,000
- Self-Employed: Minimum annual turnover of ₹5 lakh with at least three years of business continuity
- Employment Type : Open to salaried professionals, self-employed individuals, and entrepreneurs
- Credit Score Requirement : A credit score of 750+ is recommended for better approval chances and loan terms
Age Requirement
Income Criteria
How to Apply ₹20 Lakh Personal Loan?
Apply Online
Visit the lender’s website and complete the loan application form
Upload Documents
Submit KYC, income proof, and bank statements digitally
Approval Process
The application is reviewed, and eligibility is assessed
Receive Funds
Upon approval, ₹20 lakh is directly credited to the bank account
Interest Rates Available for
Personal Loans of ₹20 Lakhs
Find out the interest payable on the Personal Loan of ₹20 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 |
Reasons To Get a Personal Loan of ₹20 Lakhs from Aditya Birla Capital
High Loan Amount
Avail up to ₹20 lakh for large expenses
Quick Approval
Faster processing with minimal paperwork
Flexible Tenure
Repayment tenure ranging from 12 to 84 months
No Collateral Required
100% unsecured loan
Competitive Interest Rates
Attractive rates based on the applicant’s credit profile
Instant Loan Disbursal
Funds are credited directly to the bank account
Flexible EMIs
Flexible repayment options tailored to individual budgets
No Hidden Charges
Transparent fees with clear terms
Multi-Purpose Use
Use funds for education, weddings, medical needs, or business expansion
Digital Process
Complete online application and approval process
Get A Personal Loan of ₹20 Lakhs In 5 Easy Steps
Who Can Apply For a Personal Loan of ₹20 Lakhs?
Find out if you are eligible to apply for a ₹20 Lakhs Personal Loan
Salaried
Self-employed Professional
Self-employed Non - Professional
Eligibility Criteria for Personal Loans of ₹20 Lakhs
Are you eligible for a ₹20 Lakhs Personal 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
* A higher age limit is applicable at the time of loan maturity.
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 ₹20 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. |
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
PLAY STORE
APP STORE
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 ₹20 Lakhs
Check the eligibility parameters of the ₹20 Lakhs Personal Loan to know whether you can apply for the loan. To determine whether you can get the loan amount, use the online eligibility calculator and find the maximum amount you qualify for based on your eligibility parameters.
You can use Aditya Birla Capital’s online EMI calculator to find the EMI of the loan. Enter your loan amount, interest rate, and the chosen repayment tenure, and the calculator will calculate the EMI instantly.
Yes, you can apply for the ₹20 Lakhs Personal Loan with your wife as a co-applicant, provided that she has a steady source of income and qualifies under the specified eligibility parameters.
Yes, you can take out a Personal Loan to fund your vacation expenses, such as travel ticket bookings, hotel accommodations, etc.
Your credit history is an important eligibility criterion for loan sanction. So, the lender will check your credit report and score before approving your loan application.
Wait for the loan to be approved to sanction the funds to your bank account. Aditya Birla Capital processes the loans within a few hours, so you can wait for approval. You can also check the status of your loan application online through the company’s website or mobile application.
There are no restrictions on using a ₹20 Lakhs Personal Loan. You can use the loan for any financial need.
You can apply for a ₹20 Lakhs Personal Loan offline through the nearest branch of Aditya Birla Capital. Visit the branch, fill out the application form, submit your documents and apply for the loan.
You can get a loan with existing loans. However, due to existing liabilities, the maximum loan you can get will be lowered.
If you have a credit score of 810, your loan will be sanctioned quickly. Moreover, you can enjoy lower interest rates on the loan.
The loan sanction does not require collateral security. You can receive funds based on your eligibility parameters.
Getting a ₹20 Lakhs Personal Loan without documents is impossible. Your documents are important to ensure you fulfil the eligibility parameters and establish your identity. So, you have to submit the relevant documents to get the loan sanctioned.
If you default on a ₹20 Lakhs Personal Loan, the interest on the loan will accumulate. You will also incur an additional late payment fee for delaying the EMI payments. Lastly, your credit score will also be negatively affected on missing loan repayments.
The income proof is an important document to get a ₹20 Lakhs Personal Loan. It establishes the source of income and also allows the lender to assess the maximum loan amount that you can get.
Aditya Birla Capital processes the loan quickly and sanctions the funds within hours of application.