Aditya Birla Finance Personal Loan Keeps Pace with Competition!

-


Aditya Birla Finance is one of the notable names doing the rounds in the areas of providing suitable personal loans to help people meet their aspirations. Be it enabling a grand wedding ceremony or giving financial support during the emergency times, the non-banking finance company has proven its prowess on all fronts. By virtue of that, it’s commanding quite a bit of customer loyalty even as competition in the market remains intense with many players looking to get onboard customers. You can take a glance at Aditya Birla Finance Personal Loan before deciding to avail the option.

How Much Can You Get to Fulfill Your Goals?

You can get a maximum loan of up to ₹50 lakhs, with the minimum being ₹25,000. At the same time, you can repay the debt over a period ranging up to 5 years. You can avail the loan easily without submitting any collateral and repay via ECS or NACH.

What About Interest Rates on Aditya Birla Finance Personal Loan?

The loan comes with an interest rate ranging from 14%-26% per annum, based on the income, credit score and repayment capability of an applicant. Mostly, loans are offered on a fixed rate basis, means the rate of interest would remain the same throughout the course of a loan. However, it also keeps open the option of floating rates to customers. You must know the interest rate changes with the floating rate as per the prevailing market conditions.

At Aditya Birla Finance, the floating rate loans are based on Long Term Reference Rate (LTRR) and Short Term Reference Rate (STRR). While the LTRR is applicable to loans with a tenure of more than 12 months, STRR is given on a loan of up to 12 months. The benchmark LTRR has recently been increased by 50 basis points to 17.85%. On the other hand, the STRR is raised by 25 basis points to 16.85% per annum. There will also be a spread or margin on the loan.

Can You Calculate Aditya Birla Finance Personal Loan EMI in Advance?

Yes, you can, with the help of personal loan EMI calculator. It is available online for use. You just need to enter three variables - loan amount, the rate of interest and tenure - in the calculator to compute the estimated repayment in terms of the Equated Monthly Installment (EMI) and interest over the course of a loan. You should know that the EMI constitutes a portion of both principal and interest towards a loan. You can even check the outflow of principal and interest over the years by virtue of the calculator. So, it’s worthwhile having a look at the calculator before availing a loan. The calculator can help make changes in your spending pattern to meet the EMI repayment smoothly.

Documents Needed to Procure Aditya Birla Finance Personal Loan

You should submit the following list of documents while applying for a personal loan.
  • PAN Card
  • Aadhaar Card
  • Salary slip for the last 3 months
  • Bank statement for the last 6 months
With both fixed and floating rate loans, aided by an enhanced quantum of finance and easy documentation, Aditya Birla calls the shot in personal loan segment.

Comments

Post a Comment

Popular posts from this blog

Do Gold Loan Interest Rates Secure My Asset & Loan?

-
Canara Bank provides gold loans for customers to help them find the right price and security for their gold ornament or item. And you will be satisfied with Canara Bank gold loan interest rates, as they remain fixed during the tenure. The bank provides loans to those customers who have maintained their savings bank account in Canara Bank or new to the bank services. Every creditworthy applicant can apply for the gold loan. The loan amount ranges from INR 10,000 to INR 20 lakh. Your loan is decided on the gold value and income, if you have a repayment capacity to pay the borrowed amount, then you can borrow the desired amount. There are various features of gold loans that help the customers to meet their financial needs in a crisis. You can use the following items to get a gold loan from Canara Bank. Bank gold minted coins Gold Necklace  Gold Jewelry items  Gold Chain Read and know about the features of the Canara Bank gold loan, and find out how to apply for the loan.  Bene
Read more

Dhani Instant Personal Loan For Customers!

-
You can download the Dhani app and apply for a personal loan. You can insert your KYC and income details and get a loan in 24 hours from the Dhani app. Indiabulls provides loans to customers from INR 1,000 to 15 lakh for personal financial requirements. With no collateral security, you can apply for the loan online and get the benefit of instant personal loan sanction. Read and know about the details and features of Indiabulls personal loan. Lowest interest rate for fund requirements! Indiabulls gives the lowest interest rate to your loan that is starting from 13.99% per annum. And you can pay the loan and interest rate of your instant personal loan in equated monthly installments. The maximum duration of 3 years if offered to the customers to pay the entire loan in EMI. You aren’t liable for any repayment on your loan, if you borrowed a loan less than or equal to INR 20,000. You can compute the EMI of your personal loan using the online calculator. Just insert your details of t
Read more

Why ICICI Mutual Fund Schemes Are So Popular Among Common People?

-
People have started to understand the importance of investing as compared to saving from the past few years. And thanks to the monumental efforts to make people aware of the advantages they can get by investing in mutual funds and how they can trust it. You must have heard the latest advertisement for the mutual funds with the saying ‘Mutual Funds Sahi Hai’. Nowadays, there are a number of asset management companies that are providing you the opportunity of investing in a range of mutual fund schemes. ICICI mutual fund schemes are considered to be the best to invest in when it comes to the suitability of financial goals and risk appetite because these are two most important things that one should look before investing in any kind of mutual fund schemes. These funds are managed by the ICICI Prudential Asset Management Company Ltd. which is the leading AMC of our country with the investor base of over 4 million satisfied customers. In this article, we will be telling you about the
Read more