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
There is no need to pledge any asset to secure a Long-Term Personal Loan. The funds are sanctioned based on your eligibility parameters—that’s all!
Choose a repayment tenure of up to 84 months to ensure affordable EMIs for easy repayments.
With a fixed interest rate, you can figure out your EMIs and plan your budget for hassle-free repayments
Get the funds transferred to your account within 24 hours of applying for the loan.
Adding a co-applicant to the Long-Term Personal Loan can increase your eligibility. You can also get a higher loan amount to meet different needs.
Find out the interest payable on the Long-Term Personal Loans to plan your repayments effectively.
Find out if you are eligible to apply for a Long-Term Personal Loan
Are you eligible for a Long-Term Personal Loan? Check whether you meet the criteria.
* A higher age limit is applicable at the time of loan maturity.
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 |
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.
A Long-Term Personal Loan offers longer repayment tenures for affordable EMIs.
The maximum repayment tenure that Aditya Birla Capital offers is limited to 84 months or 7 years. As such, you cannot get a 10-year Personal Loan.
You can use the Long-Term Personal Loan to consolidate other debts. This will help limit the interest expense on multiple loans and make it easier to service one loan instead of several.
Aditya Birla Capital offers Long-Term Personal Loans to self-employed individuals provided they fulfil the eligibility parameters of the loan.
You can negotiate the lender's interest rate and get a lower rate on the Long-Term Personal Loan. Moreover, you can choose a suitable repayment tenure to afford the loan.