The Aditya Birla Secured Business Loan is a specialized financial solution designed to meet the unique needs of small and medium-sized enterprises (SMEs). By providing collateral such as business assets or personal guarantees, companies can unlock higher borrowing limits and significantly more cost-effective credit options. Whether your goal is to manage working capital, invest in new technology, or scale production for future demand, these asset-backed loans offer the stability and strategic funding required to reach new heights. This plan is ideal for established businesses confident in their repayment capacity.
Aditya Birla Secured Business Loan Overview
The Secured Business Loan plan from Aditya Birla Capital is structured to provide substantial capital with an efficient processing timeline.
| Feature | Details |
|---|---|
| Best For | Cost-effective credit with a quick turnaround |
| Loan Amount | Up to ₹25 Crore |
| Tenure | Up to 12 years |
| Average Turnaround Time | 7 days from the receipt of all required documents |
Aditya Birla Secured Business Loan Features and Benefits
Empower your business ambitions with these key features and advantages offered by a secured loan facility:
- Substantial Funding: Access high loan amounts of up to ₹25 Crore to meet large-scale expansion or operational needs.
- Cost-Effective Credit: Benefit from lower interest rates compared to typical unsecured borrowing options.
- Flexible Repayment: Select repayment tenures that extend up to 12 years, providing financial comfort and better cash flow management over time.
- Quick Approvals: The streamlined process ensures a rapid response, with an average turnaround time of just 7 days following document submission.
- Versatile Fund Usage: Use the capital for a wide range of business requirements, including infrastructure, technology investments, setting up new units, or covering working capital.
- Enhanced Stability: Leverage existing assets to secure long-term strategic goals while meeting short-term finance needs.
Aditya Birla Secured Business Loan Interest Rate
Aditya Birla Capital offers competitive interest rates for secured business loans, which are determined based on the loan’s duration and the applicable reference rates.
| Loan Duration | Applicable Reference Rate | Interest Rate (p.a.) |
|---|---|---|
| Up to 12 months | Short Term Reference Rate (STRR) | 17.65% |
| More than 12 months | Long Term Reference Rate (LTRR) | 18.65% |
Note: Factors such as your credit score, existing debt obligations, income stability, and the loan amount/tenure can influence the final rate offered.
Also Read: MSME Loan
Aditya Birla Secured Business Loan Fees & Charges
In addition to interest, there are several service-related charges and fees associated with availing and maintaining a secured business loan.
| Charge Type | Amount / Rate |
|---|---|
| Processing Fees | Up to 3% + GST |
| Cheque Return Charges | ₹1000 + GST per instance |
| Default Penal Charges | 3% of pending amount per month |
| Loan Cancellation Charges | 4% of disbursed amount + taxes |
| Foreclosure Charges | 4% of Principal Outstanding (POS) + GST (Allowed after 12 months) |
| Part-Prepayment Charges | 4% + GST on the remaining loan amount |
| CIBIL Report Retrieval | ₹100 + GST per instance |
| Swap Charges (PDC to ECS / ECS to ECS) | ₹750 + GST per instance |
| Loan Re-schedule Charges | ₹7500 + GST per instance |
| Pre-closure Quote | ₹2500 + GST per instance |
Aditya Birla Secured Business Loan Eligibility Criteria
To qualify for an asset-backed business loan, applicants must meet specific professional and operational requirements to ensure financial stability.
- Nationality: The applicant must be an Indian citizen.
- Age Range: Minimum age at application is 21 years, and the maximum age at loan maturity is 70 years.
- Business Vintage: The business must have been operating for a minimum period of 3 years.
- Constitutional Type: Eligible entities include Self-employed Individuals, Proprietorships, Partnerships, and Private Limited Companies.
- Credit History: A good credit history is required for approval.
- Earning Stability: The business should demonstrate a consistent earning position for at least three consecutive years.
- Ineligible Entities: Charitable organizations, NGOs, and trusts are generally not qualified for these loans.
Also Read: Small Business Loan
Documents Required for Aditya Birla Secured Business Loan
Having the following documents ready ensures a smooth and faster application journey, with an average turnaround time of 7 days once all papers are received.
| Category | Required Documents |
|---|---|
| Identity & Address Proof | Aadhaar Card and PAN Card of the borrower and all co-borrowers |
| Business Proof | Valid business registration proof showing the business is at least 1 year old |
| Bank Statements | Current Account statements for the primary business account for the last 1 year |
| Financial Documents | Audited financial statements and Income Tax Returns (ITR) for the last 2 years |
| Other Requirements | Signed term loan agreement and KYC documents for all co-borrowers |
Aditya Birla Secured Business Loan EMI Calculator
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The Business Loan EMI calculator is a valuable financial tool that computes your monthly repayment amount, helping you foresee and manage repayments conveniently while ensuring the loan remains affordable within your chosen period.
- Go to the Business Loan EMI calculator on the official Aditya Birla Capital website or mobile application.
- Enter the total loan amount required for your business, which can be up to ₹25 Crore for secured facilities.
- Choose a repayment period that fits your business cash flow, with options extending up to 12 years.
- Provide the expected rate of interest to see how it impacts your monthly outgo.
- The calculator will immediately display your estimated EMI, total interest payable, and the total payout amount.
Also Read: Aditya Birla Business Loan
How to Apply for Aditya Birla Secured Business Loan Online
To apply for an Aditya Birla secured business loan or loan against property online, you can use the official Aditya Birla Capital website or the ABCD mobile app to initiate a streamlined digital application process.
Steps to Apply Online
- Visit the Official Website or App: Begin your journey by navigating to the Aditya Birla Capital site or downloading the ABCD app to access financial tools and loan applications.
- Select Your Loan Product: Navigate to the “SME & Business Loans” or “Loan Against Property” section to find the specific asset-backed finance solution that matches your business needs.
- Sign Up and Provide Basic Details: Register by entering your mobile number and basic information like your name and business profile. On platforms like Udyog Plus, you will be redirected to the relevant loan journey after signing up with your phone number.
- Fill Out the Digital Application: Provide comprehensive personal, business, and financial information as requested in the online form.
- Upload Required Documents: Scan and upload necessary supporting papers, including identity and address proof (Aadhaar/PAN), one-year current account statements, and audited financials/ITR for the last two years.
- Submit Collateral Details: For secured facilities, you must provide thorough details regarding the property or assets being pledged as collateral.
- Select Loan Amount and Tenure: Choose your required funding amount (up to ₹25 Crore for secured loans) and preferred repayment period (up to 12 years).
- Verification and Sanction: Submit the completed application for credit assessment; secured business loans generally have an average turnaround time of 7 days once all required documents are received.
- Once verified and approved, the sanctioned loan amount is typically disbursed directly to your bank account.
How to Check Aditya Birla Secured Business Loan Application Status
You can track the progress of your loan application and access updates digitally, ensuring full transparency throughout the approval process.
- Visit the Portal: Go to the official ABFL Connect or ABCL Connect platforms.
- Log In: Access your secure account using your registered credentials, such as your mobile number and PAN.
- Navigate to Tracking: Select the “My Track” or application status option to see real-time updates on your business loan.
- Check the Mobile App: Alternatively, download the Aditya Birla Capital app to monitor your application status and manage loan details in just a few clicks.
Also Read: PMEGP Loan
Factors Affecting Aditya Birla Secured Business Loan Approval
Several critical elements influence the approval of your loan application and the final interest rates offered for your business financing.
- Credit Score: A CIBIL score of 685 or higher is preferred to increase approval chances and secure competitive interest rates, though the minimum acceptable score is 675.
- Existing Debt Obligations: Lenders view high existing debt as an increased risk; a lower debt-to-income ratio helps in securing better terms.
- Business Stability: Demonstrating a consistent earning position for at least three consecutive years significantly improves your profile.
- Collateral Value: For a secured business loan, the provided collateral must be valued higher than or equal to the requested loan amount.
- Financial Documentation: Submission of thorough and verifiable financial documents, including Balance Sheets and P&L statements for the past two years, is mandatory for assessment.
- Business Vintage: While general business loans require a 2-year history, secured facilities often require the business to have been operational for a minimum of 3 years.
Also Read: Secured Loan
Aditya Birla Secured Business Loan Customer Care
For professional guidance, application tracking, or grievance redressal, you can reach out to the dedicated support team through multiple channels.
| Contact Method | Details |
|---|---|
| Toll-Free Number | 1800 270 7000 |
| Email ID | care.finance@adityabirlacapital.com |
| Helpline Hours | 9:00 AM to 9:00 PM, Monday to Sunday (Closed on National Holidays) |
| Service Branch Hours | 10:00 AM to 5:00 PM, Monday to Friday and Alternative Saturdays |
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