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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.
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Are you eligible for a Personal Loan? Find out now!
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CALCULATE NOWLoan Against SharesLeverage your investments with Loan Against Shares, while retaining ownership of your assets
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Start trading in equities and other securities. Grow your wealth with our Demat account.
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Aditya Birla Capital LimitedAditya Birla Capital Limited (“ABCL”) is a listed systemically important nondeposit 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 68,400 employees, the businesses of ABCL have a nationwide reach with over 1,740 branches and more than 200,000 agents/channel partners along with several bank partners.
Nationwide Branches
1,740
No. of Employees
68,400
Agents/Channel Partners
2,00,000+
Aggregate Assets
INR 5.91 Lakh Cr
Consolidated Lending Book
INR 2 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
- Regulatory Disclosure
Financial and Debt-Related Policies
Business and Partnership Policies
- Outsourcing FAQ’s
- Press Releases
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- ABCL List of active CLA Partners
- List of Third parties
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- 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
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- Archival Policy
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Health Insurance
Mutual Fund
Home Finance
Personal Finance
Stocks & Securities
Credit TrackCheck your credit score and get tips on how to improve it
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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
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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
Apply for ₹20 Lakh Personal Loan
A ₹20 lakh loan can help you fund a major expense without dipping into your savings. Whether you want to renovate your home, arrange a wedding or meet a medical emergency, a ₹20 lakh loan can give you the required funds. Aditya Birla Capital offers quick, collateral-free access to funds with minimal documentation and flexible repayment tenures of up to 7 years.
Whether you're looking for an instant loan for an urgent need or planning ahead, applying for a personal loan of ₹20 lakhs is now a 100% digital process with instant disbursal.
You can use Aditya Birla Capital’s online EMI calculator to check your ₹20 lakh personal loan EMI across different tenures, from a shorter repayment period to a longer one, and choose a plan that fits your budget. With competitive interest rates starting from 10.99% per annum and a hassle-free personal loan eligibility calculator, you can apply easily and meet all your financial needs.
Our Personal Finance Products
Get quick personal loans for any emergency. Enjoy a digital application and sanctioning process that delivers funds within minutes.
Get an instant line of credit with Aditya Birla Capital Flexi Loan and pay interest only on the amount borrowed.
Get all your EMI payments under one roof at an affordable monthly payment system.
Get quick access to funds to meet your urgent needs
Enjoy affordable repayments and a flexible tenure with Aditya Birla Capital
Features and Benefits of ₹20 Lakh Personal Loan
High Loan Amount
With a ₹20 lakh personal loan from Aditya Birla Capital, you can avail up to ₹20 lakh to cover large expenses such as home renovation, business expansion, or a wedding. This high loan amount makes it easier to fund major financial commitments without breaking them into smaller, harder-to-manage loans.
Quick Approval
Apply for your personal loan of ₹20 lakhs online and get approval in minutes, thanks to a streamlined digital process with minimal documentation. Whether you need an instant ₹20 lakh loan for an emergency or are planning, quick approval ensures you're never left waiting when funds matter most.
Flexible Tenure
Choose a repayment tenure of up to 6 years to keep your EMIs manageable and aligned with your monthly budget. Use the EMI calculator to compare tenure and pick the plan that works best for your finances.
No Collateral Required
You don’t have to pledge any collateral security to apply for a Personal Loan of ₹20 lakhs. Aditya Birla Capital offers collateral-free loans for easy accessibility.
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
₹20 Lakh Personal Loan Eligibility and Documents
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
Types of Personal Loan in India
How to Apply for a ₹20 Lakh Personal Loan?
Check Eligibility
Check if you meet the eligibility criteria for a ₹20 lakh personal loan, including age, income, and credit score requirements.
Apply Online
Visit the Aditya Birla Capital website or app and fill out the online application form to apply for an instant personal loan of ₹20 lakhs.
Upload Documents
Submit your KYC, income proof, and other required personal loan documents digitally to complete the verification process.
Quick Approval
Get a decision on your instant loan of ₹20 lakhs within minutes, thanks to a fast and hassle-free approval process.
Loan Sanction
Once approved, review and accept the loan terms, including interest rate, tenure, and EMI details for your personal loan of ₹20 lakhs.
Receive Funds
Once sanctioned, the ₹20 lakhs loan amount is credited directly to your bank account.
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. |
Interest Rate for a ₹20 Lakh Personal Loan
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 |
Customer Satisfaction Stories
Mr. Hiralkumar Ashokbhai Patel
Aditya Birla Finance Customer
Mr. Pramod Kumar Saini
Aditya Birla Finance Customer
Ashesh Shah
Aditya Birla Capital Limited
Mr. Baijnath Choudhary
Aditya Birla Capital
Mrs. Snehal Rajpure
Aditya Birla Finance Customer
Instant Personal Loan INSTANT PERSONAL LOAN SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN
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
ABC Of Personal Loans
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.