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Instant Personal LoanGet quick funds with Aditya Birla Capital Instant Personal Loan
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Personal Loan EligibilityCheck your Aditya Birla Capital Personal Loan eligibility
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CALCULATE NOWLoan Against SharesLeverage your investments with Loan Against Shares, while retaining ownership of your assets
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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
- Disclaimers
- Ombudsman
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Financial and Debt-Related Policies
Business and Partnership Policies
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- Discontinued Service provider list
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- Archival Policy
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Health Insurance
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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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Wisdom in Choices
What is a ₹60,000 Personal Loan?
A ₹60,000 personal loan is a convenient financing option designed to help you manage urgent expenses such as medical bills, home repairs, travel, or education costs. With instant approval, minimal documentation, and flexible repayment options, this loan provides quick access to funds, making it an ideal choice for short-term financial needs. What's more, you don’t need to pledge collateral, and the application process is completely digital, ensuring a hassle-free borrowing experience.
Features and Benefits of
₹60,000 Personal Loan
Instant Approval
Enjoy quick processing with minimal formalities.
Flexible Repayment Tenure
Choose a repayment period between 12 to 60 months to suit your financial needs.
No Collateral Required
This is an unsecured loan, meaning you don’t need to pledge any assets.
Quick Disbursal
Funds are credited directly to your bank account once approved.
Competitive Interest Rates
Affordable EMIs designed to fit your budget.
100% Digital Process
Apply online from anywhere, anytime.
Multipurpose Usage
Use the loan for any personal financial need, including medical emergencies, education, or rent payments.
Transparent Processing
No hidden fees or surprise charges—everything is upfront.
Eligibility Criteria for a ₹60,000 Personal Loan
Documents Required for a ₹60,000 Personal Loan
- Identity Proof: Aadhaar Card, PAN Card, Passport
- Address Proof: Voter ID, Utility bill, Driving license.
- Income Proof: Salary slips for the last 3 months
- Bank Statement: Last 3 months for financial verification
For Salaried Individuals
- KYC Documents: PAN Card, Aadhaar Card, Passport
- Business Proof: GST certificate, Business registration proof
- Income Proof: ITR for the last 2 years
- Bank Statement: Last 3 months for financial verification
For Self-Employed Individuals
Eligibility Criteria for a ₹60,000 Personal Loan
- Minimum Age: 21 years
- Maximum Age: 60 years
Age Requirement
- Salaried Individuals: Minimum monthly income of ₹15,000
- Self-Employed: Minimum annual turnover of ₹2 lakh with at least 2 years of business continuity
Income Criteria
- Available for salaried professionals, self-employed individuals, and freelancers.
Employment Type
- A credit score of 700+ increases approval chances and ensures better loan terms.
Credit Score Requirement
How to Apply for a ₹60,000 Personal Loan?
Apply Online
Visit the lender’s website and fill out the loan application form.
Upload Documents
Submit KYC, income proof, and other required documents digitally.
Quick Approval
Get a loan decision within minutes.
Receive Funds
Once approved, the ₹60,000 loan is credited directly to your bank account.
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 ₹60,000
| 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. |
Tools
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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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 ₹60,000
Yes, you can apply for a Personal Loan of ₹60,000 again. However, before doing so, ensure you fulfil the eligibility criteria and have the required documents for the application to get approved.
You need a high credit score to get lower interest rates. You can negotiate the rates with the lender and get lower rates.
Some of the benefits of a Personal Loan of ₹60,000 are as follows -
• It is issued quickly
• It is available online
• It is multipurpose
• It is collateral-free
• It is affordable with a flexible repayment tenure
Unemployed individuals without any source of income cannot apply for Personal Loans.
Some factors to consider when applying for a Personal Loan of ₹60,000 are as follows -
• Check the EMI. Ensure it is affordable
• Compare and get the lowest interest rates for affordable repayments
• Choose a tenure which gives affordable EMIs
To improve your chances of loan approval, here are some tips -
• Improve your credit score
• Add a co-applicant to increase your loan eligibility
• Check your eligibility before applying for the loan
Yes, you can use a ₹60,000 Personal Loan to finance a small business. The loan is multipurpose and does not restrict the usage of the funds.
To apply offline, visit the nearest Aditya Birla Capital branch. Fill out the application form manually and submit physical copies of your documents.
Yes, you can apply for a Personal Loan on behalf of your wife. However, you will be the borrower on the loan application and be responsible for loan repayment.
The maximum age to apply for the loan is 60 years. Since you are 59 years old, you can apply for the loan.
The EMI for a ₹60,000 loan depends on the repayment tenure chosen and the interest rate charged. Use the online EMI calculator to find the prospective EMI of the loan.
You need a credit score of 750+ for a ₹60,000 Personal Loan.
The ₹60,000 Personal Loan is an unsecured loan which does not need collateral security. So, you can get the loan without any collateral.
If you default on the ₹60,000 Personal Loan, your credit score will be degraded. You will also incur a late payment fee for delayed EMI payments and higher interest expenses on the outstanding debt.