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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
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- Corporate Social Responsibility
- Fair Practices Code
- Internal Guidelines on Corporate Governance
- Familiarization Programme for Independent Directors
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Financial and Debt-Related Policies
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- Archival Policy
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Health Insurance
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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 ₹5 Lakhs
- Attractive interest rates
- Easy & flexible repayment options
- Easy application process with quick sanctions
Interest Rates Available for
Personal Loans of ₹5 Lakhs
Find out the interest payable on the Personal Loan of ₹5 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 ₹5 Lakhs In 5 Easy Steps
Eligibility Criteria for a Personal Loan Worth ₹5 Lakh
Documents Required for Personal Loans of ₹5 Lakh
- Identity & Address Proof: Aadhaar card, PAN card, passport, or voter ID.
- Residential Proof : Utility bills, rental agreements, or passport
- Income Verification : Latest salary slips (for salaried applicants) or income tax returns (for self-employed applicants).
- Bank Transaction History : Bank statements from the last 6 months to assess income and repayment capability.
- Recent Photographs : Passport-sized photographs required for verification.
Eligibility Criteria for Personal Loans of ₹5 Lakh
- Age Requirement : Applicants must be between 21 and 60 years old.
- Employment Type : Both salaried professionals and self-employed individuals can apply.
- Income Stability : A steady and verifiable income is required to be eligible for a loan for ₹5 lakh
- Credit Score Consideration : A credit score of 700 or above increases your chances of getting approved at a lower interest rate.
- Work Experience Criteria : Salaried individuals should have at least 1 year of total work experience, with a minimum of 6 months in their current job.
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 ₹5 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
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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 ₹5 Lakhs
You can get a Personal Loan of ₹5 Lakhs if you fulfil the specified eligibility parameters and when you submit the relevant documents.
Your credit usage increases when you take a Personal Loan of ₹5 Lakhs. This reduces your credit score in the short-term. However, you can establish a good credit history if you repay the loam EMIs on time. This would increase your credit score in the long run.
The loan has no effect if you lose your job after it is sanctioned. However, if you lose your source of income, repaying the loan can become a concern. If you keep repaying the EMIs on time, your loan will continue unaffected. However, if you miss the EMIs, you will incur additional interest expenses, and your credit score will also fall.
You can decrease the interest rate of your ₹5 Lakhs Personal Loan in the following ways -
• By having a high credit score
• By negotiating the interest rates with the lender
• By adding a co-applicant to the loan and increasing your eligibility
A ₹5 Lakhs Personal Loan is an unsecured loan which does not need collaterals. So, you can get the loan without collateral security.
You can apply for a ₹5 Lakhs Personal Loan with a co-application. In fact, if you add a co-applicant, you can boost your loan eligibility and qualify for a higher loan amount.
There are no specified purposes for which you can use the Personal Loan of ₹5 Lakhs. The loan is multipurpose and can be used for personal or commercial needs.
Yes, the loan EMI will depend on your repayment tenure. The shorter the repayment tenure, the higher the EMI, and vice-versa.
You can check the eligibility parameters specified by Aditya Birla Capital to know whether you qualify for the loan. You can also use the online eligibility calculator to determine whether you can get a ₹5 Lakhs Personal Loan.
No charges are involved for using the online EMI calculator. The calculator is completely free of cost.
You need a minimum CIBIL score of 750+ to get the ₹5 Lakhs Personal Loan. You will not be eligible for the loan if your score is lower.
You cannot avail of a ₹5 Lakhs Personal Loan without documents. Documentation is an important step in loan processing and you should submit the required documents for speedy disbursements.
You can get the lowest interest rate on a ₹5 Lakhs Personal Loan if you have a good credit score and negotiate with the lender to offer you the most competitive rates.
Your Aadhaar or PAN Card serves as an important document for loan sanction. However, you need other documents, like valid income proof and bank statements, to get the loan sanctioned.
You can get a ₹5 Lakhs Personal Loan if you get your salary in cash provided you can show proof of your income and you qualify on the specified eligibility parameters.