Unlock Financial Tools, Investment Insights, And Expert Guidance – All In One Convenient App !
Visit Our ABCD PageHealth Insurance
Housing Finance
Life Insurance
Mutual Funds
Personal Insurance
SME Finance
Stock & Securities
Find out the interest payable on Aditya Birla Capital Personal Loan to plan your repayments effectively.
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 |
There are ways in which you can reduce the interest rates on your Personal Loan. These ways are as follows -
For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.
Scan the QR code to download our Mobile App
Hear from our happy customers what they have to say about their experience with us.
You cannot get a Personal Loan with a zero interest rate. An interest rate applies to all types of loans.
You can get a lower interest rate on a Personal Loan if you have a good credit score and when you compare and choose a lender offering the lowest rates.
Different lenders offer different interest rates on loans. If you find a lender offering a lower interest rate and switch, you can reduce the loan's interest outgo.
The interest rates determine your loan EMIs. If the interest rates are high, the EMIs will be higher and vice versa.
Some factors that influence the interest rate on Personal Loans are as follows -
• The lender’s pricing policies
• Your credit score
• The macro interest rates