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Instant Personal Loan

Get quick funds with Aditya Birla Capital Instant Personal Loan. No need for collateral security, and the repayments are affordable with flexible tenure options.

Attractive interest rates
Easy & flexible repayment options
Easy application process with quick sanctions

Step 1

Step 2

Step 3

Finish

165+

YEARS OF EXCELLENCE

3.8+ Cr.

ACTIVE CUSTOMER BASE

1300+

BRANCHES ACROSS INDIA

₹3.9 Lakh Cr.

AUM AS OF JUNE, 2023

What is an Instant Loan?

An instant loan is a type of personal loan that offers quick access to funds with minimal documentation and an easy application process. Designed to provide immediate financial support, instant loans cater to urgent needs like medical emergencies, travel expenses, home repairs, or any unexpected financial requirement. Unlike traditional loans, instant loans are disbursed within hours or even minutes after application approval. They are typically collateral-free, meaning borrowers don’t need to pledge assets. With flexible repayment options, competitive interest rates, and digital-first processing, instant loans provide a seamless borrowing experience for individuals in need of quick funds.

Features of Instant Loans

Quick Disbursal

Get funds credited to your account within minutes of approval.

Minimal Documentation

Apply with just basic documents like ID proof, address proof, and income details.

No Collateral Required

Instant loans are unsecured, meaning you don’t need to pledge any assets.

Flexible Repayment Tenure

Choose a repayment period that fits your financial situation.

24/7 Online Application

Apply anytime, anywhere through 100% digital processing.

Custom Loan Amounts

Borrow as per your needs, from small-ticket loans to higher amounts.

Interest Rates Available for
Instant Personal Loans

Find out the interest payable on the urgent Personal Loan 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

Who Can Apply For a Instant Personal Loan?

Find out if you are eligible to apply for an Instant Personal Loan

Salaried

Self-employed Professional

Self-employed Non - Professional

How to Apply for an Instant Loan?

STEP

Assess Your Financial Needs

STEP

Verify Your Eligibility

STEP

Estimate Your EMIs

STEP

Submit Your Application

STEP

Submit Your Application

Eligibility Criteria for Instant Personal Loans

Eligibility Criteria

To qualify for an instant loan, applicants must meet the following criteria:

Minimum Age 21 years
Maximum Age 60 years
Employment Type Salaried or self-employed with a stable income source
Minimum Monthly Income ₹15,000 (varies by lender)
Credit Score A minimum CIBIL score of 650 is preferred for higher chances of approval
Bank Account Must have an active salary or savings account for loan disbursal

Documents Required for Instant Loans

The following documents are typically required to process an instant loan application:

Identity Proof : Aadhaar Card, PAN Card, Passport, or Voter ID
Address Proof : Utility bill, rental agreement, or Aadhaar Card
Income Proof : Latest salary slip (for salaried) or bank statements & ITR (for self-employed)
Bank Account Details : Cancelled cheque or bank statement for verification

Fees and Charges for Instant Personal Loans

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

ABC Of Calculators

VIEW ALL CALCULATORS

PERSONAL LOAN AMOUNT

Tenure (1 to 30 Years)

Rate of Interest (7 to 11%)

I CAN PAY EMI OF

Tenure (1 to 30 Years)

Rate of Interest (7 to 11%)

Interest

Payout

Your estimated EMI amount

₹ 0

Total Interest

₹ 0

Total Payout

₹ 0

Salaried
Self Employed

CURRENT AGE

MONTHLY INCOME

YOUR CURRENT MONTHLY OBLIGATIONS

You are eligible for a loan of

₹ 0*

For a tenure of0 years

EMI @ 9% Interest Rate

₹ 0*

BALANCE TRANSFER LOAN

Transfer your existing loan to us for lower interest rates

Reduced Interest Rates.
Lower Monthly Payments.

Get a Call Back Know More

TOP UP LOAN

Secure additional funds at exceptional interest rates

Easy application process
Borrow up to 80% of property value

Get A Call Back Know More

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

Download our mobile app now

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Our Personal Finance Products Find a wide range of solutions for all your financing needs.

Instant Personal Loan SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN

Loans by Amount PERSONAL LOAN OF 5,000 PERSONAL LOAN OF 10,000 PERSONAL LOAN OF 15,000 PERSONAL LOAN OF 20,000 PERSONAL LOAN OF RS. 25,000 PERSONAL LOAN OF RS. 30,000 PERSONAL LOAN OF RS. 50,000 PERSONAL LOAN OF RS. 60,000 PERSONAL LOAN OF RS. 1 LAKH PERSONAL LOAN OF RS. 2 LAKH PERSONAL LOAN OF RS. 3 LAKH PERSONAL LOAN OF RS. 4 LAKH PERSONAL LOAN OF RS. 5 LAKH PERSONAL LOAN OF RS. 10 LAKH PERSONAL LOAN OF RS. 15 LAKH PERSONAL LOAN OF RS. 20 LAKH PERSONAL LOAN OF RS. 25 LAKH

Loan for Utility LOAN FOR IPHONE LOAN FOR LAPTOP LOAN FOR TV

Loans by Profession LOAN FOR SALARIED LOAN FOR SELF EMPLOYED LOAN FOR GOVERNMENT EMPLOYEES LOAN FOR DOCTORS LOAN FOR TEACHERS LOAN FOR CA LOAN FOR ENGINEERS

Loans by Needs MEDICAL EMERGENCY LOAN WEDDING LOAN VACATION LOAN HOME RENOVATION LOAN FOR EDUCATION DEBT CONSOLIDATION LOAN LOAN FOR EMERGENCY LOAN FOR SHOPPING LOAN FOR WOMEN

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.

Mr. B. Narsimulu

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.

Mr. Vikram Balu Gavali

Aditya Birla Housing Finance Customer

Belapur, India

FAQs on Instant Personal Loans

The things to look for when applying for an Instant Personal Loan are as follows -

• The loan amount that you need
• The repayment tenure over which you can comfortably pay off the loan
• The EMI which would be affordable
• The associated interest rates and charges

You can check your eligibility through the online eligibility calculator. The calculator helps you assess your eligibility for the loan and how much loan quantum you can get.

The disbursal of the Instant Personal Loan is quick and hassle-free. With Aditya Birla Capital, you can get the loan within a few hours of application.

The loan amount depends on your financial needs and eligibility. First, assess how much funds you need for your obligations. Then, check your savings and apply for a loan that fulfils the shortfall.

Also, use the eligibility calculator to determine the maximum loan amount you are eligible for.

Yes, you can get a top-up loan after you have availed of an Instant Personal Loan. The top-up loan is a supplemental source of funds on the existing loan and can help you fulfil additional financial needs.