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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
Are you eligible for a Personal Loan? Find out now!
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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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- Archival Policy
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Health Insurance
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Personal Finance
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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
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Wisdom in Choices
What is Personal Loan?
A personal loan is an unsecured credit option that helps individuals meet various financial needs without pledging any assets. It can be used for planned goals like travel or education, or unplanned expenses like medical emergencies. With quick disbursal and simple processing, it’s a smart way to access funds when you need them most.
Most lenders now offer instant personal loan online with minimal paperwork and flexible terms. You can choose a suitable personal loan interest rate, tenure, and repayment schedule as per your income. From salaried professionals to self-employed individuals, anyone can benefit from a personal loan.
No collateral required and 100% digital personal loan application
Fixed or flexible personal loan EMI options
Features and Benefits of
Personal Loan
Co-applicant Benefit
Applicant can club income of co-applicant to enhance eligibility.
Repayment options
Repayment options: ECS/NACH
100% Digital Application
You can now apply personal loan online through a simple, paperless process—no branch visit required.
Easy Eligibility
If you're salaried with a monthly income of ₹30,000 or a self-employed professional with ₹15 lakh turnover, you're eligible for a personal loan.
Multi-purpose Usage
Use your loan for travel, home renovation, education, medical needs, weddings, or any other financial requirement.
No Collateral Required
Get an unsecured personal loan without pledging any property, gold, or other security.
Instant Disbursal
Eligible applicants, especially with pre-approved offers, can enjoy instant personal loan online disbursal.
Minimal Documentation
Only basic documents like Aadhaar, PAN, and income proof are needed. Pre-approved customers may skip even this.
Digital KYC for New Customers
New users can complete their KYC online via video verification or Account Aggregator login.
Flexible Tenure Options
Choose repayment periods that suit you—anywhere between 12 to 72 months, with convenient personal loan EMI plans.
Attractive Interest Rates
Get competitive and fixed personal loan interest rates, ensuring stability in monthly repayments.
Personal Loan Eligibility
Before opting for a Personal Loan, ensure you qualify by checking your eligibility here.
Documents Required for Personal Loan
- Identity Proof: Aadhaar Card, PAN Card, Passport, Voter ID.
- Address Proof: Utility bills, Aadhaar card, passport, or rental agreement.
- Income Proof: The latest 3 months' salary slips.
- Bank Statements: Last 6 months' statements showing salary credits.
- Photograph: One recent passport-size photograph.
Eligibility Criteria for Personal Loan
- Age : You should be between 21 and 60 years old.
- Employment Type: You must be a salaried employee at a recognized organization.
- Monthly Income: A stable monthly income is essential for loan eligibility.
- Credit Score: A CIBIL score of 750 or more helps in quicker approval and better terms.
- Work Experience: At least 1 year of work experience, with 6 months at your current job.
How You Can Apply for a Personal Loan
Visit Our Website or App
Go to Aditya Birla Capital’s official website.
Check Eligibility
Use the online calculator to check your loan eligibility.
Fill Out the Online Form
Enter your personal, employment, and financial details.
Upload Required Documents
Submit scanned copies of the necessary documents.
Verification & Approval
We will verify your application and notify you of approval.
Disbursal
Upon approval, the loan amount is credited to your account within 24–48 hours.
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.
Personal Loan Fees & Charges
| Charge Type | Amount |
|---|---|
| Processing fees | Up to 4% of the loan sanctioned amount |
| Cheque Return charges | ₹1000 + GST per instance |
| Penal charges (charges levied for non-payment of overdue amount) | 3% p.m. (36% p.a.) on the overdue amount for the delayed period |
| Penal charges for non-compliance with material terms and conditions (covenants / stipulated conditions) mentioned in the Sanction Letter / Loan Agreement, wherever applicable | 2% p.a. on the outstanding loan amount till the date of compliance |
| Charges for cancellation of Loan |
4% of loan amount disbursed + applicable taxes |
| CIBIL report retrieval fees | Rs. 50 per instance for Consumer and Rs. 500 per instance for commercial CIBIL/Credit Report |
| Charge for Exchanging PDCs / ECS | ₹750 + GST per instance |
| Loan re – schedule 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 |
| Duplicate No Due Certificate issuance charges | Rs. 500 per instance |
| Foreclosure Charges |
For Term Loan:
Upto 4% of the principal outstanding amount For Flexi Loan: Upto 4% of the total withdrawable amount Conditions: Foreclosure is allowed only after 12 months from the date of disbursal of loan. |
| Part Pre-payment charges |
For Term Loan:
a) NIL charges – if part pre-payment is equal to 20% of principal outstanding amount b) Upto 4% on remaining loan amount – if part pre-payment is greater than 20% of principal outstanding amount Conditions: a) No pre-payment is allowed in first 12 months from the date of disbursement b) Part pre-payment amount should be equal to OR greater than total of 3 EMIs For Flexi Loan: a) No charges for payments through mobile app/portal. b) Part pre-payment of loan facility toward limit reduction is not available |
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Customer Satisfaction Stories
Hear from our customers what they have to say about their experience.
Mr. Hiralkumar Ashokbhai Patel
Aditya Birla Finance Customer
Mr. Pramod Kumar Saini
Aditya Birla Finance Customer
Ashesh Shah
Aditya Birla Capital Limited
Instant Personal Loan INSTANT PERSONAL LOAN SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN
FAQs on Personal Loan
A personal loan is a credit option that allows you to meet financial obligations without providing security or collateral. It comes without an end-use restriction thus it can be used for a variety of purposes making it easy to manage.
A personal loan is versatile and can cover various expenses like home renovations, marriage, vacations, debt consolidation, medical bills, business investments, car repairs, etc.
Yes! The minimum personal amount that you can borrow is about Rs 50,000.
Yes! You can apply for a Personal Loan individually or jointly with a family member, such as your spouse or parents. Applying with a co-borrower, especially with a higher income, increases the potential for a larger Loan amount. However, if the co-applicant has a poor credit history, it could negatively impact the Loan application's success.
The essential documents typically include
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KYC Documents
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Address Proof
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Income proof (such as salary slips for salaried individuals or recently acknowledged ITR for the self-employed).
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Identity proof
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Loan Statements
Yes! Along with the interest on the principal amount, there is a non-refundable processing fee of up to 1.5% to 4% of the loan amount when applying for a personal loan.
Maintaining a good credit score is vital because it increases the likelihood of securing a loan at a lower interest rate. A good credit score reflects your creditworthiness and repayment capacity. If you want to apply for a personal loan, maintain a credit score above 750.
Yes! You can prepay or foreclose your Personal Loan once the lock-in period of 12 months is over. Remember that charges (and taxes) apply for foreclosing a Personal Loan. No partial prepayment is allowed.
Upon approval of your Personal Loan, the funds are electronically deposited directly into your savings account.
Regular automated emails are shared throughout the Loan cycle. You can also connect with the assigned relationship manager for any updates on your Loan status.
No, self-employed individuals cannot apply for a personal loan.
You can reach us through:
Helpline: 1-800-270-7000 — 8 AM to 7 PM, Monday to Sunday
Service Branches: 10:00 AM to 5:00 PM, Monday to Friday and alternative Saturdays (Branches Remains Closed On 1st & 2nd Saturday & All Sundays)
Yes, the typical age limit for personal loan applicants is between 21 to 60 years, but this may vary.
Personal loan interest rates are usually fixed, meaning they remain constant throughout the loan tenure.
We always strive to offer you a hassle-free experience. To help you control your loan account, we are introducing a unique and completely secure service platform called ABCL Connect. You can access your loan account by using your login credentials click here.
Features of ABCL Connect are:
- View your loan account whenever, wherever
- View and save your amortisation schedule for any future reference
- Make an online request for disbursement
- Change your ECS mandate
- Ask for a top-up loan
- Apply for a new loan
Missing an EMI payment can result in late fees, penalties, a negative impact on your credit score, and additional interest on overdue amounts.
ABCL offers:
- Customised solutions; hassle-free financing
- Complete transparency in charges and processes
- Quick approvals and minimum processing and disbursement time
- Easy online application process and instant eligibility
- Doorstep services with simplified documentation through service RM’s
- Choose between simple EMIs or structured repayments
- Attractive balance transfer option available to transfer your existing loan to us without any hassles
Any unbanked/unused cheques, i.e., Post-dated Cheques/Undated Cheques/Security Post-dated cheques in the custody of ABCL or ABHFL will be cancelled and shredded/destroyed, without any intimation to the customer, after the closure of the loan account.
No, personal loans are unsecured and do not require any collateral. This makes it convenient and accessible for individuals without assets to pledge.
You’ll need identity proof, address proof, and income documents like salary slips or ITR. Additional documents may be requested based on your employment type or loan amount.
Factors include income, credit score, existing liabilities, and employer profile. Lenders may also assess your repayment history and monthly obligations.
Yes, you can avail of a personal loan for weddings, travel, education, and more. These loans offer flexible usage without any end-use restrictions.
Log in to the ABCD App or website to track your application in real time. You'll also receive regular SMS or email updates on your loan status.
Yes, timely repayments can improve your score, while missed EMIs may reduce it. Maintaining a good repayment record can help in future loan approvals.
Yes, if you meet the income and document criteria. Your income stability and business performance may also be evaluated.
Yes, you must be between 21 to 60 years of age. Some lenders may have specific age criteria based on employment status.
We offer both options. Fixed-rate loans keep your EMI consistent. Variable rates may change as per market conditions, affecting your EMI.
Late payment may lead to penalties and affect your credit score. It’s advisable to set auto-debit or reminders to avoid missing EMIs.
Designed for urgent healthcare costs, this personal loan ensures you can access timely treatment without financial delays. It offers quick disbursal with minimal documentation and zero collateral.
Ideal for financing wedding expenses, this personal loan helps you create memorable celebrations without financial pressure. You can avail of large loan amounts with a flexible tenure.
Specially crafted for educators, this personal loan helps meet financial requirements with ease. Enjoy quick approvals, attractive rates, and a completely collateral-free process.
Whether it’s a travel urgency or a last-minute expense, this instant personal loan helps you stay prepared. Pre-approved customers can benefit from fast disbursal and minimal paperwork.
Turn your renovation ideas into reality with this easy-to-access personal loan. It offers flexible EMIs, attractive rates, and a hassle-free documentation process.
Students can secure funds for academic or skill-building purposes through this versatile personal loan. It ensures smooth disbursal, flexible repayment, and no end-use restriction.
Created to support women’s financial independence, this loan comes with exclusive offers and quick processing. It helps fund personal growth, business, or lifestyle aspirations with ease.
Perfect for professionals looking to fund dreams or deal with emergencies, this personal loan offers fast access, low interest rates, and minimal documentation.
With simplified eligibility and easy processing, this loan helps government employees meet personal goals. It allows for flexible use and comes with convenient repayment options.
Loan Against Property
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High LTV ratio for loans - Low interest rates, easy repayments
Balance Transfer
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Reduced Interest Rates
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Lower Monthly Payments
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.