Are you in quest of funds for fulfilling your personal goals? Well, in such case look for personal loans that aim to provide you meeting all your immediate expenses. Whether it is related to conducting a marriage in the family, getting funds for costly medical expenses or funding your child’s education or whatsoever reason .
Do search for a lender that makes your requirements fulfilled instantly. If you look at Aditya Birla Personal loan, a financial institution worth considering in order to accommodate your every possible need at different interest rates.
Now by choosing your Aditya Birla Personal loan at the lowest interest rate allows you to easily convert your needs into reality as soon as possible. This loan is offered to you from all salaried class individuals within the age group from 23 to 60 years at a fixed rate of interest.
Aditya Birla Personal Loan Eligibility
- Salaried employees are eligible to avail Aditya Birla Personal Loan
- The applicants applying for personal loans should be in the age group of 23 to 60 years
- Minimum net monthly income should be ₹25,000.
Factors Affecting Personal Loan Eligibility Criteria
The following factors indicate your worthiness for availing Personal loans from Aditya Birla:
- Monthly Income
- Monthly Expenses
- Any Other Loan
- Credit History
- Job Stability
- Relationship with the Bank
- Category of Your Employer
Aditya Birla Personal Loan Interest Rates
The company offers personal loan at 14% per annum for 5 years.
Features and Benefits of Aditya Birla Personal Loan
- Quick Availability of Personal loans
- Minimal paperwork formalities
- Competitive Rates of Interest
- Simplest repayment service
- No requirement of any security or a guarantor
Aditya Birla Personal Loan EMI Calculator
Aditya Birla Personal Loan EMI Calculator helps you to estimate your budgeted amount which you are required to keep aside in the form of monthly instalments. Since EMI entails components such as both the interest and principal amount each month for a particular period of time which in turn gives you a rough assessment of total amount you will be paying towards your personal loan.
Just enter the following values in your Aditya Birla Personal Loan EMI Calculator for arriving a final value for a fixed time period:
- Loan Amount
- Rate of Interest
The formula for calculating the EMI are as follows:
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
where, EMI-Equated Monthly Instalment
P – Principal Loan Amount
R – rate of interest calculated on a monthly basis
N – tenure/duration of the loan
For example : Sunita requires the funding of ₹ 10 lakhs for her immediate medical expenses. She is about to undergo an operation in the coming month. She wishes to determine the amount of her equated monthly installment which would go towards operation. On assessing her eligibility criteria along with her submitted documentation formalities, Aditya Birla sanctions the loan of ₹ 10 lakhs at 14% p.a. for 5-years time period. The calculation of EMI along with interest outgo and the total amount of the year will go like this way;
Total Interest Amount =₹ 3,96,095
Total Amount(Principal+Interest)=₹ 13,96,095
Aditya Birla Personal Loan Apply
- Apply Offline – Fill an application form
Mention the below details in your application form as herewith:
- Your Name
- Co-applicant’s name
- Employment details of both applicant and co-applicant
- Current loan details
- Bank details
- Reference details
- Apply Online
Log into the website of Aditya Birla Personal loan. Fill the application form by creating your log-in account and password.
Aditya Birla Personal Loan Details for Documentation
To apply for Aditya Birla Personal loan, submit the following documents as required:
- Duly filled application form with a passport size photograph
- Bank statement of previous 3 months (Passbook of previous 6 months)
- Identity proof : Copy of passport/PAN card or voter ID card/driving license/Aadhaar
- Address proof : Copy of passport/voter ID card/driving license/Aadhaar
- Signature Proof : Passport/PAN Card
Aditya Birla Finance Customer Care Number
Do you have any queries, doubts or confusion in mind? Speak to your immediate customer care representative of Aditya Birla Personal Loan by dialing customer care number on : 91 84259 66666