Aditya Birla Finance business loan is a valuable financial tool for businesses seeking to expand or address immediate financial needs. It offers a range of flexible financial options at competitive interest rates starting from 14% p.a. and customisable repayment tenure.
Finance your business journey and pave the way to success. Avail an Aditya Birla loan today and get it disbursed immediately.
Building a successful business has become easier than ever with Aditya Birla capital business loan. Enjoy quick disbursal of your Birla business loan with the best loan terms. Below are loan details offered by Aditya Birla:
|Loan Amount||Up to ₹25 Crores|
|Loan Tenure||12 months to 48 months|
|Interest Rates||14% to 21% per annum|
Aditya Birla finance business loan offers attractive interest rates. The interest rate you get is determined by various factors such as your credit score, credit history, and repayment capacity. Below is the Aditya Birla Finance business loan interest rate:
|Interest Rate||14% to 21% p.a.|
Not sure of your credit score? Check now for free!
Business loans often come with various fees and charges set by the lender. Similarly, there are several fees and charges that come with an Aditya Birla business loan, they are:
|Cheque Return Charges||₹1000|
|Additional/Penal Charge||3% of pending amount per month|
|Loan Cancellation Charge||4% of loan amount + taxes|
|CIBIL Report Retrieval Fee||₹100 + GST|
|Charges for Exchanging PDC/ECS||₹750 + GST|
|Loan Reschedule Charges||₹7500 + GST|
|Stamp Duty||As per actual if applicable.|
|Insurance Premium||As per actual if applicable.|
|Pre-closure Quote||₹2500 + GST|
|Part Prepayment||Nil - 4% + GST|
|Foreclosure||4% + GST|
|Annual Maintenance Charge||0.50% + GST|
The eligibility criteria is a crucial factor that must be met. These criteria determine your eligibility to get your business loan approved. Therefore, before applying for a loan, you need to check the eligibility criteria for a smooth application process. Below are the Aditya Birla business loan eligibility criteria:
The business must fall under one of these categories; sole proprietorship, partnership firm, private limited company, closely held publicly listed company, society or trusts.
The business must be earning for at least 3 consecutive years.
The applicant must have complete and authentic financial documents including balance sheets, profit and loss statements for the last two years along with tax audit reports.
To get Aditya Birla business loan, certain documents are required to be submitted. These documents are required for identification and repayment capability proof. Documents required to apply for Aditya Birla loan are:
Current bank statements of 1 year or more.
1 year old original and valid business proof.
Fully filled online application form with KYC documents.
When availing an Aditya Birla finance business loan, the repayment will be divided into equal monthly instalments. To make it easier for you, and plan your business’s monthly financial goals, determine your repayment capability here.
Calculate the EMI before taking a loan by using an online business loan EMI calculator. All you have to do is
- Visit the website,
- Enter the necessary information like loan amount, interest rate, and tenure.
You can use the calculator below to get your estimated EMI amount in seconds.
Another method of calculating the EMI is by manually doing so using the formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]
where P is the principal amount, R is the interest rate and N is the tenure.
Most NBFCs offer business loans at competitive interest rates. So, to find one that best suits your financial requirements you must compare and scrutinise the interest rates offered by different lenders. Below is a table of different NBFCs along with their interest rates:
|Top Business Loan NBFCs||Interest Rate (p.a.)|
|Aditya Birla Finance Limited||14.00% p.a. onwards|
|Bajaj Finserv||9.75% p.a. onwards|
|Lendingkart||12.00% p.a. onwards|
|Flexiloans||12.00% p.a. onwards|
|Tata Capital||12.00% p.a. onwards|
|KreditBee||15.00% p.a. onwards|
|Paisabazaar||16.00% p.a. onwards|
|Paysense||18.00% p.a. onwards|
Read Less*Note: The interest rates are dynamic and subject to change based on your credit history and credit worthiness.
The Aditya Birla capital business loan offers many features and benefits that makes it a unique and reliable lender. These features and benefits are:
Get a Business loan amount upto ₹1 Crore
Get your loan disbursed in a few days.
No hidden cost of charges applied for your loan.
Interest rates starting from 14.00%p.a.
Flexible tenure from 12 to 48 months.
No collateral required for business loans from ABFL.
Aditya Birla offers various types of business loans to cater to the needs of different types of business owners. Here are the different types of Aditya Birla Finance Limited loan:
If you need quick access to finance, you can opt for the Aditya Birla line of credit. With this, you can get a maximum loan balance amount that you can draw up to a certain limit.
Aditya Birla also offers unsecured business loans for businesses looking for financial aid to expand their business or buy equipment. For this type of loan, there is no need of presenting a collateral.
|Loan Amount||Up to ₹1 crore|
|Interest Rates||14.00% p.a. onwards|
|Loan Tenure||Up to 48 months|
A secured aditya birla finance business loan is a loan that requires collateral. It is perfect if you need a larger loan amount.
|Loan Amount||Up to ₹25 crores|
|Interest Rates||14.00% p.a. onwards|
|Loan Tenure||Up to 48 months|
You can also opt for a working capital demand loan from Aditya Birla to meet your various financial needs. This financing solution is offered to businesses with short-term requirements that have higher operational costs than their monthly revenue.
This is a financial solution that you can opt to discount the sales bills of your vendors or your purchase bills. This enables you to turn your receivables into cash, thereby ensuring a continuous cash flow for your business.
Applying for an Aditya Birla business loan with Buddy Loan is quick and easy. Just follow these few simple steps:
Step 2 - Fill out the application form, including the loan amount, the tenure in months, and contact details.
Step 3 - Fill out the following personal details where required:
Step 4 - Submit the details & wait for the loan confirmation.
Ready to take next step ?
Yes, Aditya Birla does provide business loans.
The interest rate for Aditya Birla business loans starts from 14% to 21% p.a.
The minimum CIBIL score that is required for an Aditya Birla business loan is 700.
Yes, you can get 1 crore unsecured business loan with Aditya Birla Capital.
The maximum loan amount of an Aditya Birla business loan is 1 crore to 25 crores, depending on the type of loan you take.
Sole proprietorship, partnership firm, private limited company, closely held publicly listed company, societies and trusts that have been earning for 3 consecutive years and having complete financial documents are eligible for an Aditya Birla business loan.
No, salary slip is required to get approved for a business loan as it determines your repayment capabilities.
Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.
Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.