Aditya Birla Capital Business Loan

 

About Aditya Birla Capital Business Loans

ABCL or Aditya Birla Capital Ltd is a registered Nonbanking Financial Company (NBFC) which functions as the holding company for Aditya Birla Group’s various financial services businesses. Founded in the year 2007, with the name Aditya Birla Financial Services, ABCL has come a long way since its incorporation and presently employs 12,000+ people on its company rolls in India. It currently offers various wealth management, financing and end-to-end lending solutions to all kinds of customers in India, through its subsidiary Aditya Birla Finance Limited (ABFL).

On the business loans front, Aditya Birla Capital offers both unsecured and secured business loans to interested clients. While the unsecured business loans are categorized into two different products – Business Loans below ₹ 10 lakh and Business Loans above ₹ 10 lakh (max. ₹ 1 crore), the secured business loans can be anywhere from ₹ 1 crore to ₹ 25 crore. You can take these loans for various business purposes including starting a new business, machinery purchase, hiring skilled workforce, business expansion, debt consolidation, importing equipment, working capital requirement, purchasing new premises and more.

Business Loan Eligibility Criteria

Aditya Birla Capital business loan can be availed by both individual and non-individual entities who can be self-employed entrepreneurs, manufacturers, traders and/or companies. In addition, you should have been in the business for a minimum time period of one year. The company will ask you for your PAN card, current account statement for last one year, copy of Aadhaar card and audited financials and income tax returns for the last 2 years to establish your eligibility for the loan. More details on Aditya Birla Capital business loan eligibility criteria are provided below.

3

Years in currert business

₹ 50Lacs

Minimum Turnover

Aditya Birla Capital Business Loan Features / Details

Aditya Birla Capital secured business loan can be anywhere from ₹ 1 crore to ₹ 25 crore. It is granted after initial assessment which involves the customer’s repayment capability, nature of requirement and financial valuation. The average turnaround time is 7 days post the receipt of complete documents. Aditya Birla Capital unsecured business loan on the other hand can be a maximum of ₹ 1 crore, and is offered at a fixed interest rate. The tenure of this loan can be anywhere from 1 year to 4 years. The repayment can be done through easy EMIs. Specific details on various Aditya Birla Capital business loan features can be found below.

18.50%

Interest Rate (Min)

1 – 3 Years.

Loan Tenure

₹ 7Lacs – 1Cr

Loan Amount (Min – Max)

Aditya Birla Capital Business Loan Fees / Charges

Aditya Birla Capital business loan normally involves a processing fees of 2% of the loan amount and there are no foreclosure charges, as long as you close the loan after six months of disbursal. Apart from that, various other charges might come into application, for instance, late payment charges, loan cancellation charges, ECS dishonor charges, cheque bounce charges, no dues certificate charges, amortisation schedule charges and more. Below provided are specific details related to all such Aditya Birla Capital business loan charges.

2.00% of Loan Amount.

Processing Fees

0% of amount prepaid.

Pre-payment Charges

No

Part Payment Facility

0%

Part Payment Processing Fees