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Here are a few factors

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Location 50Km from Branch
CIBIL Score 700+
Processing Online
Business Vintage 1 Year
Minimum Turnover Turnover not required
Loan Amount & Tenure 1 Lac-10 Lac
(12 month to 60 month)
Loan Product Term Loan & OD Product
Rate of Interest & Type Term Loan-23% to 29%
OD-24% to 29% (Reducing)
TAT Sanction-2 Days
Disbursement-7 Days
Processing Fees 2.50% to 2.75%
Foreclosure Charges 4%
Applicant Type Any Self Employed Person
Whether Co-Applicant Mandatory No
Proprietor Age/Co-Applicant Age 24 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-10 Lac
2. Income-10 Lac
Product for Professionals COP Base Product for MBBS Doctors & Chartered Accountant
Negative Profile Both Side Rented, School, Advocates, Share Traders, Gym, Liquor Business, Travel, Real Estate, SPA
USP No minimum Turnover requirement for Loan
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. Individual File process if in last 6 month Banking 4 credit & 40% churning
Right Documents - Easy Process

Required Documents to Apply for Aditya Birla Business Loans

Documents Required

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • 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

1. KYC Means
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
For Co-Applicant
  • 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
2. If applicant is professional, then his professional degree is required
Share & Apply

About Aditya Birla (Small Segment) Business Loan

Don't be discouraged if you are a self-employed person without income documentation. Yes, there are many reputable NBFCs willing to provide you with a business loan without even requesting verification of your income. What? You were shocked to read this! It is undoubtedly true. An example of an NBFC is Aditya Birla Capital, which provides self-employed people with a business loan of up to 7.5 lakh.

The quickest loan approval and straightforward procedure are what set apart Aditya Birla Finance business loans from other options. Business organizations might apply for a loan if they require funds to upgrade their production or buy new equipment and structures.

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.
Work Process

Save Your Time with a Simple Loan Process

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

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