Are you planning to go to an exotic destination for a vacation?
Want to go abroad for studies? Have a dream for a big fat wedding? Do you want
to renovate the home? Or any other thing you are willing can achieve with
Aditya Birla's loan. It is offered to meet the varied financial needs of the
borrowers.
Aditya Birla's loan offers a diverse range of personal loans to
meet the varied financial requirements be it for a vacation, medical emergency,
wedding, travel, etc. The Aditya Birla’s loan application process facilitates
borrowers with simplified documentation and quick approvals.
Aditya
Birla Personal Loan Interest Rate
A borrower can get the competitive interest rate from the Aditya
Birla subject to the availed loan amount, salary, loan tenure, and others. Some
of the factors that determine Aditya Birla
personal loan interest rate in India
are given below:
●
Loan Amount- The borrowed loan
amount from the Aditya Birla.
●
Income- Salary defines the
borrower loan repayment capacity. Higher salary bracket borrowers may get loans
at lower interest rates. The interest rate of the Aditya Birla varies with the
net monthly income.
●
Loan Term – Aditya Birla offers
flexible repayment tenure maximum up to 60 months. A borrower can the loan term
as per his/her convenience.
Features
of Aditya Birla personal loan
Some of the major features of Aditya Birla Personal Loan are:
❖
A borrower can avail
Aditya Birla Personal Loan up to Rs. 50 Lakhs.
❖
Aditya Birla Personal Loan
processing fee is 2%.
❖
Aditya Birla Personal Loan
offers flexible repayment tenure up to 60 months as per the borrower’s
convenience.
❖
The online application
process of Personal Loan makes it easy to apply from the convenience of home.
❖
The entire Loan approval
process of Aditya Birla is hassle Free.
❖
Aditya Birla Personal Loan
fulfills the financial requirements of every range.
❖
It is an unsecured loan
that means no need for collateral or security.
❖
The minimum Personal Loan
tenure of Aditya Birla is 12 months.
A
large number of people are choosing to apply online for an Aditya Birla
personal loan counting on these advantages:
⮚
Fast Documentation: Aditya
Birla's loan is known for its fast and minimal documentation. Aditya Birla team
is so efficient that it includes a short period in the loan sanctioned
procedure.
⮚
High Loan Amount: A borrower
can avail of Aditya Birla's loan amount maximum of Rs. 50 lakhs.
⮚
Low-Interest Rate: Aditya
Birla's loan provides the borrower with a competitive rate of interest. Every
borrower can avail of a personal loan from the Aditya Birla whether he/she is a
salaried, working professional or self-employed individual. Aditya Birla's loan
interest rate ranges from 14% to 26%. The offered interest rate to the borrower
depends on his/her CIBIL and eligibility. The existing customers of Aditya
Birla can even get benefited from the best rates for a personal loan.
⮚
Flexible Repayment Tenure: A
borrower can enjoy the flexibility in loan repayment terms of personal loans.
He/she facilitate with the option of choosing the repayment tenure up to 60
months which suits them best.
⮚
Quick Approval: The online
loan application process has made loan processing faster than earlier times.
The quick loan approval and disbursal of the amount have made the Aditya Birla
personal loan one among the preferred choices of the borrowers. If a borrower
meets all the eligibility criteria and has accurate documents, then he/she can
even get the loan sanctioned within one business day. Getting a personal loan
from Aditya Birla is usually a matter of a few hours.
Tips
to manage the Personal Loan EMI
While availing a personal loan, it is equally important to manage
the EMIs well. Here are some ways which can help a borrower in managing the
personal loan EMI:
❖
Determine the repayment capability: A
borrower should always acquire only that much personal loan as much he/she can
afford the paying off every month. An online personal loan EMI calculator helps
to calculate the personal loan EMIs better. By doing this a borrower would know
in advance about the EMI and him/she can make a better and informed decision.
❖
Manage personal expenses: If
a borrower has an existing loan, and applying for another personal loan, he/she
should first check the amount he/she would require to pay as EMIs for all the
loans. The sum of the total requires amount should not be more than 50 % of the
monthly income. And also look for another source of income. As then only a
borrower can manage the expenses for daily necessities and other personal
expenses smoothly.
❖
Never miss on an EMI: The
regular payment of the EMI can help a borrower to have a good credit score. As
this would lead to getting personal loans at a comparatively lower rate of
interest. Therefore, always try to maintain a good credit score by paying off
all debts like credit card bills, existing loans, etc. on time so that one can
get a good personal loan deal. Timely payment of the EMIs is important.
❖
Go for a longer repayment tenure: The
loan repayment tenure has a direct impact on the EMI amount of the loan. Opting
for a longer repayment tenure will enable a borrower to repay the total amount
over a longer time, which will reduce the EMI amount.
