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Start Your Journey

Take the first step towards an urgent Personal Loan today.

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Reasons To Get a Instant Personal Loan from Aditya Birla Capital

Collateral-free

There is no need to pledge any asset to secure an urgent 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. This makes the urgent Personal Loan pocket-friendly.

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 Instant Personal Loan can increase your eligibility. You can also get a higher loan amount to meet different needs.

Interest Rates Available for
Instant Personal Loans

Find out the interest payable on the urgent Personal Loan to plan your repayments effectively.

image 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
image 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

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Salaried

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Self-employed Professional

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Self-employed Non - Professional

Get A Instant Personal Loan In 5 Easy Steps

STEP
01

Determine your financial needs

STEP
02

Check loan eligibility

STEP
03

Calculate monthly installment

STEP
04

Submit the relevant documents

STEP
05

Apply for a loan

STEP

04

Submit the relevant documents

STEP

05

Apply for a loan

Eligibility Criteria for Instant Personal Loans

Are you eligible for an urgent 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


Disclaimer - All loans will be at the sole discretion of ABFL.

Eligibility criteria

Nationality
Minimum age
Maximum age
Credit Score
Employment
Indian citizen
21 years
60 years*
750+
Salaried

* A higher age limit is applicable at the time of loan maturity.

Note - This is an indicative list that may change based on your actual loan application.

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
BALANCE TRANSFER LOAN

Transfer your existing loan to us for lower interest rates

  • Personal Loan
    Reduced Interest Rates.
  • Personal Loan
    Lower Monthly Payments.
sns
TOP UP LOAN

Secure additional funds at exceptional interest rates

  • Life Insurance
    Easy application process
  • Life Insurance
    Borrow up to 80% of property value
sns

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.

  • Life Insurance
    Range of loan options for different needs
  • Life Insurance
    Range of loan options for different needs
  • Life Insurance
    Quick sanctions and disbursals

Scan the QR code to download our Mobile App

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Customer Satisfaction Stories

Hear from our happy customers what they have to say about their experience with us.

Hear What The Experts Have To Say
Hear What The Experts Have To Say
Mr. Hiralkumar Ashokbhai Patel

Aditya Birla Finance Customer

1 Jan 1
Hear What The Experts Have To Say

Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.

Hear What The Experts Have To Say
Mr. B. Narsimulu

Aditya Birla Housing Finance Customer

Hyderabad, India

Hear What The Experts Have To Say
Hear What The Experts Have To Say
Mr. Pramod Kumar Saini

Aditya Birla Finance Customer

1 Jan 1
Hear What The Experts Have To Say

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.

Hear What The Experts Have To Say
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.

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