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Aditya Birla Business Loan
The Aditya Birla Finance business loan is unique as it is the only unsecured business loan offered in India. To support businesses by giving them a financial advantage in a market.
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Aditya Birla Business Loan
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Aditya Birla Business LoanHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 700+ |
| Processing | Offline |
| Business Vintage | 3 Year |
| Minimum Turnover | 2 Cr+ |
| Loan Amount & Tenure | 5
Lac-50 Lac (12 month to 36 month) |
| Loan Product | Term Loan & OD Product |
| Rate of Interest & Type | Normal:17% to 20% IF DSCR>1-15.75%-20% (Reducing) |
| TAT | Sanction-3
Days Disbursement-7 Days |
| Processing Fees | 2% to 3% |
| Foreclosure Charges | 4% |
| Applicant Type | Any Self Employed Person |
| Whether Co-Applicant Mandatory | Yes |
| Proprietor Age/Co-Applicant Age | 23 Year- 65 Year(at the time of maturity) |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | Yes, either office or residence one should be owned within Lending Branch Location |
| Business Registration Proof Mandatory | Yes |
| Program | 1.
Banking-25 Lac. 2. GST-35 Lac 3. Income-50 Lac |
| Product for Professionals | 1.
MBBS & MD- 50 lac (ROI -14%-16%) COP Base 2. Chartered Accountant-50 Lac (ROI 15% to 17%)-COP Base |
| Negative Profile | Both Side Rented, School, Advocates, Share Traders, Gym, Liquor Business, Travel, Real Estate, SPA |
| USP | COP Base Product for Professionals |
| Additional | 1
.Minimum 51% Shareholding required on Loan if applicant is LLP/Partnership
firm/Company 2. Civil Contractors, Man Power Industry, Iron & Steel Industry is catious profile 3. Funding to textile Industry if turnover>5 Cr |
Aditya Birla Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 15 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,026 |
| Total Interest | ₹ 8,310 |
| Loan Amount + Interest | ₹ 108,310 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,621 | ₹ 3,457 | ₹ 27,078 | ₹ 76,379 | 23.62 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,381 | ₹ 4,853 | ₹ 81,234 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are a few factors about Aditya Birla Business Loans
Aditya Birla Finance Limited (“ABFL”), a subsidiary of Aditya Birla Capital Limited is among the leading well-diversified non-banking financial services company in India. ABFL offers end-to-end lending, financing and wealth management solutions to a diversified range of customers across the country. ABFL is registered with RBI as a systemically important non-deposit accepting non-banking finance company (“NBFC”) and is amongst the top five largest private diversified NBFCs in India based on AUM. The Aditya Birla Finance business loan is unique as it is the only unsecured business loan offered in India. It supports businesses by giving them a financial advantage in a market where competition is on the rise. Businesses can use loans for equipment purchases, business expansion, or even to launch a new venture. They give businesses the chance to achieve their objectives by taking care of various financial demands, such as those for working capital, debt consolidation, and asset acquisition. The product has been created for both individual and non-person entities, such as companies, traders, manufacturers, or independent contractors.Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Required Documents to Apply for Aditya Birla Business Loans
Documents Required
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Note : Aditya Bank Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
FREQUENTLY ASKED QUESTIONS
Yes, a self-employed individual can easily get a business loan from Aditya Birla.
The maximum repayment tenure for the business loan is 60 months.
No collateral is required when you apply for a business loan with Aditya Birla.
You can access the business loan information on its official website.
Aditya Birla usually takes around 7 to 10 working days to process a loan after submitting all the necessary documents.
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