PLAY STORE
APPSTORE
1800 270 7000
Home LoanFind customised home loan solutions for your unique needs
Balance TransferFind a better interest rate for your existing home loan
Top up Home LoanGet a loan on your existing home loan to meet your needs
Loan Against PropertyTurn your assets into a financial ally
Personal LoanMeet all your dreams and needs with a collateral-free Personal Loan
Flexi LoanMake loan repayment flexible and hassle-free with Flexi Loans
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
Are you eligible for a Personal Loan? Find out now!
Calculate Now
Secured Business LoanBoost your business with competitive rates & flexible terms
Line Of CreditGet anytime funds, quick approval, & ongoing support with Line of Credit
Working Capital LoanStrengthen your business cash flow with quick access to funds & flexible repayment options
Supply chain financing Solution - Invoice DiscountingImprove your cash flow & gain quick access to funds by discounting your invoices
Unsecured Business LoanFuel your business with fast approval & flexible terms
Construction FinanceOur solutions with Flexible funding, project requirements to drive construction forward.
Commercial Property PurchaseTurn your property vision into reality with flexible terms and competitive interest rates.
Lease Rental DiscountingSupporting real estate businesses in project completion
Mauris Porta Arcu Id Tortor Pulvinar Cursus. Mattis, Diam Id.
CALCULATE NOWLoan Against SharesLeverage your investments with Loan Against Shares, while retaining ownership of your assets
Loan Against Mutual FundsUnlock the value of your investments while keeping your assets intact
Loan Against Life insurance PolicyGet loans for all your business needs at attractive rates
Promoter FundingEmpower your business growth with financial solutions to support expansion & ownership
Project FinanceTurn your ideas into reality with flexible funding to support your vision from start to finish
Structured FinanceUnlock customized financial solutions designed to meet the unique needs of complex business projects
Working Capital Demand LoanKeep your business running smoothly with quick access to funds for day-to-day operations
Term LoanAchieve your business goals with flexible repayment options & competitive rates for long-term growth
Debt FundsDiversify your portfolio and reduce risk with Debt Funds
Equity FundsInvest smartly in Equity Funds to aim for higher returns
Hybrid FundsDiversify your portfolio and reduce your risk with a mix of equity and debt
Retirement FundsGoal-oriented fund with a lock-in period to create a corpus for retirement
Children’s FundsSecure your child’s financial future with solutions-oriented children’s funds
Exchange Traded FundsUnlock a smart, hassle-free way to invest in various assets
Fund Of FundsChoose the smart way to diversify risks and grow investments
Index FundsFollow the benchmark of smart investors to grow your wealth
All FundsExplore, Compare, and Invest in Top Mutual Funds
Calculate wealth creation through lumpsum investment in Mutual Funds
Calculate Now
Equity TradingInvest or trade in equity for attractive returns and long-term capital growth
Margin Trading FacilityGet up to 5X leverage on leading stocks & increase your trading power
BondsGive your portfolio stability with attractive returns
Start trading in equities and other securities. Grow your wealth with our Demat account.
Attractive returns
Term InsuranceBring security and peace to life’s unpredictability
Retirement PlansGet a guaranteed regular pension plus lump sum on plan maturity
Savings PlansGet a guaranteed regular pension plus lump sum on plan maturity
ULIP PlansGet the benefits of insurance & wealth creation in one convenient plan
Find out how much life insurance you need with our Human Life calculator
Calculate Now
Eye InsuranceProtect your vision with comprehensive eye insurance.
Dental InsuranceProtect your smile with comprehensive dental insurance and coverage plans tailored for you.
Hospicash InsuranceGet financial support with our hospital cash insurance for unexpected medical expenses.
Mental Health & Nutrition InsuranceGet the best mental health insurance online with ABCD Aditya Birla Capital today!
Personal Accident InsuranceSecure your future with our affordable personal accident insurance plans.
Tele OPD ConsultationsAccess convenient teleconsultation and video doctor consultations for your health needs.
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
- 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
- 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
BMI CalculatorIt measure your leanness or obesity basis your height and the weight.
Income Tax CalculatorCalculate the tax payable by you based on your income
SIP CalculatorEstimate the returns you can earn with your SIP investments
SWP CalculatorCalculate the Life Insurance cover you need to secure your family’s future
Experience ConseQuest- A game where your decisions drive your future.
Wisdom in Choices
What is a Long-term Personal Loan?
A long-term personal loan is a flexible financing option designed for individuals seeking substantial funds with extended repayment periods. Whether you need to consolidate debt, fund a wedding, cover medical expenses, or manage other big-ticket expenses, this loan provides an affordable solution with structured EMIs. The longer tenure ensures lower monthly payments, reducing financial strain while allowing borrowers to meet their needs without immediate repayment pressure. With minimal paperwork, quick disbursal, and competitive interest rates, a long-term personal loan helps you achieve your financial goals without disrupting your cash flow.
Features of Long-term Personal Loan
Flexible Repayment Tenure
Choose a repayment period that suits your financial planning, typically ranging from 12 months to 84 months.
High Loan Amounts
Avail higher loan amounts to meet significant financial needs without collateral (subject to eligibility).
Quick Processing & Disbursal
Enjoy a seamless application process with fast approvals and funds transferred directly to your bank.
Minimal Documentation
Hassle-free documentation ensures a smooth borrowing experience.
Lower EMI Burden
Longer tenure results in lower monthly instalments, making repayments manageable.
How to Apply for a Long-term Personal Loan
Check Eligibility
Visit the ABCD app or website and use the eligibility calculator.
Fill Out the Application
Provide personal, employment, and income details.
Upload Documents
Submit scanned copies of ID, income, and address proof.
Loan Assessment & Approval
Your application is reviewed and documents are verified.
Loan Disbursal
Upon approval, funds are credited directly to your bank account.
Eligibility Criteria for Personal Loans of ₹2 Lakh
Documents Required for Personal Loans of ₹2 Lakh
- Identity Proof: Aadhaar Card / PAN Card / Passport / Voter ID
- Address Proof: Utility Bill / Rental Agreement / Aadhaar Card
- Income Proof : Salary slips (last 3 months) for salaried individuals; ITR (last 2 years) for self-employed
- Bank Statements : Last 6 months’ bank account statements
- Employment/Business Proof : Offer letter, employment ID (for salaried); GST registration, business license (for self-employed)
Eligibility Criteria for Personal Loans of ₹2 Lakh
- Age :Between 21 and 60 years
- Employment Type : Salaried or self-employed with stable income
- Credit Score : 700+ recommended for better approval chances
- Minimum Income : ₹25,000 per month
- Job Stability (for salaried individuals) : Minimum 1 year of work experience, with at least 6 months in the current job
- Business Stability (for self-employed individuals): Minimum 2 years of business continuity with valid proof
Reasons to Get Personal Loan
from Aditya Birla
Collateral-free
There is no need to pledge any asset to secure a Long-Term Personal Loan. The funds are sanctioned based on your eligibility parameters—that’s all!
Flexible Repayment Period
Choose a repayment tenure of up to 84 months to ensure affordable EMIs for easy repayments.
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 Long-Term Personal Loan can increase your eligibility. You can also get a higher loan amount to meet different needs.
Interest Rates Available for
Long-Term Personal Loans
Find out the interest payable on the Long-Term Personal Loans 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 Long-Term Personal Loan In 5 Easy Steps
Who Can Apply For a Long-Term Personal Loan?
Find out if you are eligible to apply for a Long-Term Personal Loan
Salaried
Self-employed Professional
Self-employed Non - Professional
Eligibility Criteria for Long-Term Personal Loans
Are you eligible for a Long-Term 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 Long-Term Personal Loans
| 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. |
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.
-
Range of loan options for different needs -
Range of loan options for different needs
-
Quick sanctions and disbursals
PLAY STORE
APP STORE
Scan the QR code to download our Mobile App
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 Long-Term Personal Loans
A Long-Term Personal Loan offers longer repayment tenures for affordable EMIs.
The maximum repayment tenure that Aditya Birla Capital offers is limited to 84 months or 7 years. As such, you cannot get a 10-year Personal Loan.
You can use the Long-Term Personal Loan to consolidate other debts. This will help limit the interest expense on multiple loans and make it easier to service one loan instead of several.
Aditya Birla Capital offers Long-Term Personal Loans to self-employed individuals provided they fulfil the eligibility parameters of the loan.
You can negotiate the lender's interest rate and get a lower rate on the Long-Term Personal Loan. Moreover, you can choose a suitable repayment tenure to afford the loan.
The maximum amount will depend on your eligibility qualifications. You can use the loan eligibility calculator to find the maximum loan that you can borrow basis your eligibility.
The monthly payments can be calculated using the online EMI calculator. Enter the loan amount, repayment tenure, and the applicable interest rate, and the calculator will calculate the monthly payments instantly.
You need a steady source of income to get a Long-Term Personal Loan. Even if your income is not fixed, which can happen if you are self-employed, you can qualify for the loan if the income is steady.
A Long-Term Personal Loan does not require collateral security. It is an unsecured loan which is sanctioned based on your eligibility parameters.
There is no minimum income required to get the Long-Term Personal Loan. You can get a loan if you have a steady source of income from an employment or business.
A student who fulfils the eligibility parameters of the Long-Term Personal Loan and has a steady source of income can apply for the loan.
Long-Term Personal Loans are offered for a longer repayment tenure, while Short-Term Loans are offered for a short duration. This is the primary difference between the two.
The maximum repayment tenure for a Personal Loan is 7 years. As such, you cannot take the loan for 20 years.
Usually, home loans have longer repayment tenures because of a larger loan quantum.