👉અહીં ક્લીક કરો મજા આવશે

Aditya Birla Digital Business Loan

Friends, let’s talk about the Aditya Birla Digital Business Loan and look at the detailed information regarding this loan, along with how interest rates vary across different banks. Aditya Birla Finance Limited offers personal loans starting at an annual interest rate of 10.99%. Salaried individuals can avail loans up to ₹50 lakhs for a tenure of up to 7 years. These personal loans can be used for various personal needs, including medical emergencies, children’s education, weddings, travel, home improvements, and the purchase of electronics or household items.

Comparison of Interest Rates

Here’s a comparison of interest rates across different banks and lending institutions:

Bank/Loan InstitutionInterest Rates (Annual)
HDFC BankStarting from 10.50%
SBI11.15% – 15.30%
Punjab National Bank10.40% – 17.95%
ICICI BankStarting from 10.80%
Axis BankStarting from 10.49%
Kotak Mahindra BankStarting from 10.99%
IndusInd BankStarting from 10.49%
IDFC First BankStarting from 10.99%
Bajaj FinservStarting from 11.00%
Tata CapitalStarting from 10.99%
Money ViewStarting from 15.96%
Federal BankStarting from 11.49%
DMI Finance12.00% – 40.00%
L&T FinanceStarting from 12.00%
CreditBee16.00% – 29.95%
MoneyTapStarting from 13.00%
Piramal CapitalStarting from 12.99%
Aditya BirlaStarting from 13.00%
RupeekStarting from 27.00%

Types of Aditya Birla Personal Loans

Aditya Birla offers different types of personal loan products to cater to various needs:

1. Standard Personal Loan

  • Purpose: Designed for salaried individuals to cover personal expenses like home improvement, electronic purchases, education, weddings, and medical emergencies.
  • Loan Amount: Up to ₹50 lakhs
  • Tenure: Up to 7 years

2. Flexi Personal Loan

  • Purpose: This is a personal loan with an overdraft facility, allowing borrowers to withdraw funds based on their credit profile and repay according to their cash flow.
  • Tenure: Up to 7 years

Fees and Charges

Let’s look at some of the fees and charges associated with Aditya Birla Digital Business Loans:

  • Processing Fee: Up to 3% of the loan amount
  • Pre-closure Fee: ₹1,000 + GST
  • Loan Cancellation Fee: 4% of the loan amount + GST
  • Part Prepayment Fee:
  • For Term Loan: 0% for up to 20% of the loan amount; 3% + GST for amounts over 20%
  • No prepayment allowed in the first 12 months of disbursement
  • Foreclosure Fee:
  • For Term Loan: 4% + GST on the outstanding amount
  • For Flexi Personal Loan: 4% + GST on the withdrawn amount

Eligibility Criteria for Aditya Birla Personal Loan

Friends, let’s talk about the eligibility criteria for applying for an Aditya Birla Digital Business Loan:

  • Age: 23-60 years
  • Employment: Salaried individuals

Required Documents

The documentation required for this loan includes:

  1. Fully filled application form with a photograph
  2. Proof of identity, address, signature, office, and qualification
  3. Non-refundable fee cheque, copy of PAN card, repayment track record, and bank verification records
  4. Last 3 months’ salary slips or salary certificate, and last 6 months’ bank statements where the salary is credited, along with the latest Form 16
  5. Financial documents for the past 2 years, partnership deed/MOA/AOA, income calculation, balance sheet, profit and loss account with ITR, tax audit report, certified list of directors/shareholders by CA/CS, current VAT/sales tax return, and last 12 months’ bank statements (business and savings)

Friends, if you’re considering taking a loan from Aditya Birla, it’s important to review all the terms and conditions, as well as the interest rates from various banks, to ensure you make the best decision for your financial needs.

Leave a Comment