Explore Your Options
Aditya Birla (Small Segment) Business Loan
The Aditya Birla (Small Segment) 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.
Powered By
_BUSINESS_LOAN_img.webp)
Aditya Birla (Small Segment) Business Loan
Apply Now
Aditya Birla (Small Segment) Business LoanHere are a few factors
| 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 |
Aditya Birla (Small Segment) Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 23 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,408 |
| Total Interest | ₹ 12,892 |
| Loan Amount + Interest | ₹ 112,892 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 22,907 | ₹ 5,317 | ₹ 28,224 | ₹ 77,093 | 22.91 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 77,096 | ₹ 7,576 | ₹ 84,672 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
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
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
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.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.
ReferLoan is a Marketplace which connect Financial institutes with prospective users through its integrated approach. ReferLoan helps users to increase their CIBIL Score and finding the best Financial Products from the available Financial Institutions. ReferLoan is the only Market Place which helps the users to explore the opportunities in Debt as well as in Equity.
Copyright 2023 © Referloan.in.