When it comes to financial firms in the country, it would not be wrong to say that there are plenty of renowned companies. But, the task is how to know which financial firm offers the best products. That’s right! Knowing which financial firm is trustworthy is something which is not everyone’s cup of tea.
Today, you have plenty of Non Banking Financial Companies available in front of your eyes, which in itself makes it a tedious as well as a confusing task to choose the best lender. But, if you are someone who is in urgent need of finance/funds, reading this article is worth for you. Talking about one of the best NBFCs, how can Aditya Birla Finance be missed?
That’s right! One of the reputed names of the financial world, there is no denying the fact that this company with its enormous range of products caters the different needs of one and all. Among its diverse range of products, the Company with its best of personal loan satisfies the financial purposes of all the borrowers.
Yes, in this article, we are going to talk about personal loan, one such type of credit facility that can be availed by an individual falling short of funds/cash to meet his/her personal financial needs. It comes handy to fulfill any financial need be it marriage, credit card debt, medical expenses, travelling and so on.
So, let’s just start from the beginning and enlighten you more about this topic in the article below:
- Interest Rates:14%-16.25% p.a.
- Loan Amount:₹30 Lakh
- Tenure: Upto 60 Months
- Processing Fee:1.25%-1.75% of the loan amount
- Collateral: Not Required
Now, knowing these basic essentials would be easier for you as all you need to do is just read this article and get the details at one place. Knowing Rates, Loan Amount and Tenure is no doubt of the most crucial things as it is the first and foremost step towards your loan journey.
Whenever a borrower wants to avail a loan, an interest rate is the first essential that grabs the attention of all. And, why not because your overall loan journey is dependent upon the same.
Yes, the lower the rates are, the better it is for a borrower as it ultimately lowers the EMIs burden. Actually, not only your monthly installment amount will be reduced, in fact, the Interest Outgo and Total Amount Payable towards your loan also be lowered, which ultimately leads you towards a huge saving. While on the other hand, the reverse will happen, if the offered rates are higher. The higher the rates are, the more burden will be on your shoulders to repay the loan with higher EMIs and Interest Outgo.
Moving on with the topic, if we talk about other key essentials of this credit facility, there is no denying the fact that eligibility criteria come next in line. It is important for an individual to know about it as without meeting the same, it is not possible to avail a loan. Though different banks and NBFCs have different norms regarding the same, so for your reference, we have mentioned the norms of the firm in the article below.
- An individual should be an Indian Resident.
- One should be a Salaried Applicant with a Good Credit Score & Verified Source of Income.
An applicant should be aged between 23-60 Years.
- An individual can also club the income of a co-applicant to enhance eligibility.
Moreover, talking more about this product, documentation is also there, which needs to be taken care while availing the loan. One should keep the documents ready for a hassle-free and smooth loan journey. So, take a look below to know about the documents required to avail the credit.
- KYC Documents
- Last Three Months Salary Slips from the Date of Application
- Last Six Months Bank Statement
Now that you know about the documentation, next in line should be knowing the customer care number. That’s right! Whenever you are in doubt or looking for a solution of any query, all you need to do is just dial 84259 66666 to clear all your doubts. The customer care executives of Aditya Birla finance personal loan with their in-depth knowledge and expertise are always there for your help and proper assistance.
I hope the above information will be useful for you while availing the loan in the future.