FAQs

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

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

An SME, or Small and Medium-sized Enterprise, refers to a business that maintains revenues, assets, or a number of employees below a certain threshold. These thresholds vary by country. Generally, SMEs are characterized by their limited scale compared to larger corporations. They play a crucial role in most economies, particularly in developing countries, as they are major contributors to job creation and economic development. SMEs encompass a wide range of industries and sectors.

SMEs are crucial for economic growth and job creation, especially in developing countries. They drive innovation, contribute significantly to GDP, and support community development. With their flexibility, SMEs quickly adapt to market changes and enhance supply chain diversity, making them essential for a balanced and dynamic economic ecosystem.

You can repay your SME loan through several options, such as Postdated Cheques (PDCs), Electronic Clearing Service (ECS), Standing Instruction (SI), Direct Debit, and National Automated Clearing House (NACH).

Yes, you can obtain an SME loan without collateral at Aditya Birla Capital Limited. They offer Unsecured Business Loans, which don't necessitate any form of collateral or security, allowing easier access to funding for your business needs.

Under the 'Stand-Up India' scheme, women entrepreneurs are eligible for SME loans ranging from Rs. 10 lakhs to Rs. 1 crore to establish a greenfield project. This loan offers a repayment tenure of up to 7 years. Additionally, the scheme is accessible to individuals from Scheduled Castes and Scheduled Tribes.

SME credit risk refers to the potential risk of default on a loan taken by a Small and Medium-sized Enterprise (SME). This risk is an assessment of the likelihood that the SME will not be able to meet its loan obligations, such as repaying the principal and interest on time. Factors influencing this risk include the SME’s financial health, cash flow stability, market conditions, management quality, and industry-specific challenges. Financial institutions evaluate this risk before approving SME loans to determine the terms and interest rates.