Aditya Birla Capital offers you personal loan for almost any reason under the sun starting from Rs. 25,000 to as high as Rs. 15 Lacs. No need to stuck in tiresome procedures as you can get funds within 30 minutes of approval. The Processing Fee charged by financial institution is 2% of the loan amount. You are required to pay your loan amount within 6 months to up to 36 months which is quite a short period of time.
If you are rid of paying unnecessary prepayment fee charged by banks then take a look on Aditya birla Capital as this financial institution does not charge any Prepayment fees. The interest rate charged by financial institution is ranging from 14% to up to maximum of 26% per annum. The penal fee charged by financial institution is 24% per annum or 2% per month on the overdue amount, Rs. 750 per instance for EMI Bounce Charges and Rs. 750 per instance for swap charges. The NOC issuance charges are Rs. 500. If you have any financial difficulty or want to reschedule the loan, then you have to pay a certain fee as a loan rescheduling charges which is 0.50% or as mutually agreed with the lender.
|Aditya Birla Capital Personal Loan|
|Annual Interest Rate||14% - 26%|
|Loan Term||6 Months - 36 Months|
|Loan Amount||Rs. 25,000 - Rs. 15 Lacs|
|Time of Funding||Within 30 minutes|
|Personal Loan Type||Applicable Interest Rate|
|Aditya Birla Capital Personal Loan||14% - 26% per annum|
Are you a salaried employee who wants to avail small amount of money? Then this could be a good alternative for you as no pre-closure fee is charged by Aditya Birla Capital on Personal loan. So if you have planned to repay the loan before the due date, then this could be the best option for you.
Are you rid of paying unnecessary fee charged by banks? Have a look on Aditya Birla Capital. Unlike other banks or financial institutions charging unnecessary fee on pre-payment charges, like ICICI Bank which charges 5% per annum of principal outstanding or HDFC Bank which charges 2% to up to 4% per annum, Aditya Birla does not charge any fee on pre-payment. So you can take advantage of this and can apply for a loan at financial institution.
If you have an urgent requirement of loan, then no need to stuck in tiresome procedures as Aditya Birla Capital offers approval on online application as quickly as within 30 minutes of application. So do not waste your time on lengthy procedures and apply your personal loan from Aditya Birla for instant approval.
Almost every lenders needs your credit score to check whether you are good for personal loan or not. So if you want to apply for personal loan from Aditya Birla capital, then you must know that this financial institution offers personal loan to only those applicants who are having good credit score or a credit score of more than 750 points. So applying personal loan from Aditya Birla is not applicable for all borrowers.
The interest rate charged by Aditya Birla is ranging from 14% per annum to and goes as high as 26% per annum, which is quite high as compared to other competing banks or financial institutions such as Bajaj Finserv which charges interest rate of 12.99% to up to maximum of 18% per annum, while 15.5% per annum to 24% per annum in case of Axis Bank.
If you have financial problems or any other problem and you are unable to pay the amount within 36 months, then applying loan from Aditya Birla could not be a good fit for you as here, the tenure to repay your loan is ranging from 12 months to up to maximum of 36 months which is quite a short period of time as compared to other competing banks/financial institutions such as Bajaj Finserv and Capital First offering maximum tenure ranging from 60 months to long as 96 months or 5 years to as long as 8 years depending upon the borrowers profile.
|Bank Name||Aditya Birla||Bajaj Finserv||Capital First|
|Typical APR||14% - 26%||12.99% - 18%||12% - 18%|
|Loan Term||6 Months - 36 Months||12 Months - 96 Months||12 Months - 60 Months|
|Maximum Lending Amount||Rs. 15 Lacs||Rs. 35 Lacs||Rs. 25 Lacs|
|Processing Fee||2% of the loan amount||Up to 3% of the loan amount||Up to 1.50% of the loan amount|
|Time to Funding||Within 30 minutes||Within 24 hours of Approval||Within 24 hours of Approval|
|Pre-Closure||Nil||Zero to Upto 4%||5% of the Principal Outstanding|
It is good to compare the offers or fees charged by various banks/financial institutions before you settle on one. Starting from the maximum lending amount, Aditya Birla lends Personal loan of up to Rs. 15 Lacs while Bajaj Finserv can lend up to Rs. 35 Lacs and Rs. 25 Lacs in case of Capital First. Aditya Birla provides loan within 30 minutes as compared to other Banks/FIs such as Bajaj Finserv and Capital First which lend funds within 24 hours of approval. The tenure to repay the loan amount is 6 months to up to maximum of 36 months, 12 months to as long as 96 months in case of Bajaj Finserv and 12 months to up to 60 months in case of Capital First.
The Processing fees charged on personal loans varies from banks to banks. As Aditya birla charges a processing fee of 2% of the loan amount, while in case of Bajaj Finserv, it 3% of the loan amount and up to 1.50% of the loan amount in case of Capital First. The typical APR charged by Aditya Birla ranging from 14% to up to 26% per annum, while Bajaj Finserv charged 12.99% to up to 18% per annum and in case of Capital First, it charges 12% to up to 18%. The advantage of applying personal loan from Aditya Birla is that it does not charge any pre-closure fees as compared to other banks/FIs such as Bajaj Finance which charges zero to up to 4% and Capital First charging 5% of the principal outstanding.
Aditya Birla offers personal loan as high as Rs. 15 Lacs to salaried individuals only with a tenure to repay the loan amount within 6 months to up to 36 months. The processing fees charged by Aditya Birla Capital equals to 2% of the loan amount and the interest rate ranging between 14% to up to maximum of 26% per annum.
Through Online Tracking Page
Through Customer Care
|Type of Charges||Applicable Amount|
|Processing Charges||2% of the loan amount|
Allowed after 6 months
|Nil for Personal Loan
Rs. 1000 per instance for Personal Loan Balance Transfer
|Penal Charges||24% per annum (2% per month) on the overdue amount|
|EMI Bounce Charges||Rs. 750 per instance|
|Swap Charges||Rs. 750 per instance|
|NOC Issuance Charges||Rs. 500|
|ELoan Rescheduling||0.50% or as mutually agreed with the lender|
Aditya Birla charges a processing fee which is equal to 2% of the loan amount. There is no foreclosure fees charges on Pension loan but charges Rs. 1,000 per instance for personal loan balance transfer which is allowed after 6 months of approval. The penal charges charged by the financial institution is 24% per annum or 2% per month on the overdue amount.
The EMI bounce charges charged by Aditya Birla is Rs. 750 per instance and the swap charges are Rs. 750 per instance. This financial institution charges Rs. 500 as a NOC Issuance fee and if you have any financial difficulty or want to reschedule the loan, then you have to pay a certain fee as a loan rescheduling charges which is 0.50% or as mutually agreed with the lender.
Yes, co-applicant is allowed to enhance eligibility criteria.
The current applicable MCLR rate applicable on Aditya Birla Personal loan is 16.60% per annum for loan with maximum 12 months tenure and 17.35% per annum for up to loans more than 12 months tenure.