Aditya Birla Capital Personal Loan Approval Time and EMI
A personal loan from Aditya Birla Capital has become so popular that it is one of the first finance companies where a person who is in need of urgent money applies. The flexible tenure option and higher loan amount facility are its strength through which it has won the hearts of many people who have an urgent need of higher funds.
Talking about two interest rates, the finance company has kept them low with added advantages. In this article, we have talked about the interest rate offered by Aditya Birla Capital on personal loans and what is its impact on monthly installments.
Personal Loan EMI Calculator
The calculator shows results on the basis of the loan amount, interest rate and tenure on the loan. Here is an example for your better understanding:
Loan amount-?5,00,000
Interest rate- 11.35% p.a.
Tenure- 5 years
The EMI, Total Interest Outgo, and Total Amount (Principal+Interest) will be as follows:
EMI-?10,959
Total Interest Outgo-?1,57,521
Total Amount-?6,57,521
Things required for Aditya Birla Capital Personal Loan
Your loan application form must be accompanied by:
Last three months' salary slips from the date of application.
Last six months' bank statement.
KYC documents as requested.
Is there any collateral required for the loan?
No, you do not need any collateral for the approval. The personal loan offered by Aditya Birla Capital is unsecured loan.
How much tenure do you get on the loan?
You can choose from the tenure from 12 months to 60 months on a personal loan from Aditya Birla Capital.
Features of Aditya Birla Capital Personal Loan
Flexible repayment options.
Flexible tenure options up to 60 months.
Maximum loan amount of Rs 50 lakh.
Repayment options: ECS/NACH.
No security or collateral required to avail of the loan.
Applicant can club income of co-applicant to enhance eligibility.
Interest rates remain unchanged throughout the loan tenure.
What is the minimum CIBIL score required for personal loan?
If you can manage to have a credit score of 650 or above, it will be easier for you to get approval from Aditya Birla Capital. Personal loans are unsecured loans here and details such as your CIBIL score helps lender track your past payment habits and accordingly offer you the product. If you have not yet checked your credit score, you can follow the below steps to do it.
How can you check CIBIL score online?
All you need to do is keep your PAN card handy and that’s it. You just have to follow the below steps:
Go to check CIBIL score page
Provide your full name as mentioned in the PAN card
Enter your Date of Birth
Choose the gender you belong to
Mention your PAN card number
Enter your contact address
Provide the email ID on which you want to get the credit report
Enter your mobile number
Submit the form
On the successful submission of the CIBIL score form, you will get a confirmation on your email ID. You will get the detailed credit report on the email ID you have provided.