Aditya Birla Finance Business Loan – Eligibility & Interest Rate- 2017

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What makes Aditya Birla Finance business loan unique is the fast loan approval without any security. The loan is available for the business entities who need funds either to upscale production or to purchase new machinery and buildings. The loan is available up to Rs. 1 crore and for the maximum tenure of 48 months (4 years). The nominal processing fee of 1.50% of the loan amount is charged. The repayment has to be made in the form of EMIs which is to be paid through ECS/NACH .

Aditya Birla Finance Business Loan Details

ParticularsDetails
Interest Rates18.5% p.a – 22% p.a
Loan AmountUp to Rs. 1,00,00,000
Tenure12 months – 48 months
Processing Fee1.50% of the loan amount
Repayment OptionsThrough ECS/NACH
Type Of LoanUnsecured
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Aditya Birla Business Loan EMI Calculator

For effortless and swift EMI calculation use the EMI calculator. The calculator provides relief from the complicated calculations and reveals the accurate result in very less time. You can know the amount of instalment to be paid to amortise the loan. The user only needs to enter the details regarding the loan amount, tenor and rate of interest, and the calculator will compute the EMI amount.

For Example – If you avail a loan of Rs. 1 crore for the tenor of 4 years at the rate of interest ranging between 18.5% p.a – 22% p.a then your EMI will vary from Rs. 2,96,369 to Rs. 3,15,061 .

Table Showing EMI, Total Interest and Total Repayment Amount

Loan AmountLoan TenureInterest RateEMITotal Interest OutgoTotal Amount (EMI+Interest)
Rs. 1,00,00,0001 year18.5% p.a – 22% p.aRs. 9,19,181 - Rs. 9,35,944Rs. 10,30,174 - Rs. 12,31,326Rs. 1,10,30,174 - Rs. 1,12,31,326
Rs. 1,00,00,0002 years18.5% p.a – 22% p.aRs. 5,01,660 - Rs. 5,18,782Rs. 20,39,846 - Rs. 24,50,757Rs. 1,20,39,846 - Rs. 1,24,50,757
Rs. 1,00,00,0003 years18.5% p.a – 22% p.aRs. 3,64,037 - Rs. 3,81,905Rs. 31,05,337 - Rs. 37,48,563Rs. 1,31,05,337 - Rs. 1,37,48,563
Rs. 1,00,00,0004 years18.5% p.a – 22% p.aRs. 2,96,369 - Rs. 3,15,061Rs. 42,25,720 - Rs. 51,22,917Rs. 1,42,25,720 - Rs. 1,51,22,91

Amortization Table

YearPrincipal PaymentInterest OutgoBalance Amount
1Rs. 1,858,819- Rs. 1,750,278Rs. 1,697,609- Rs. 2,030,454Rs. 8,141,181- Rs. 8,249,722
2Rs. 2,233,412- Rs. 2,176,637Rs. 1,323,016- Rs. 1,604,095Rs. 5,907,769- Rs. 6,073,085
3Rs. 2,683,489- Rs. 2,706,860Rs. 872,939- Rs. 1,073,872Rs. 3,224,280- Rs. 3,366,225
4Rs. 3,228,780- Rs. 3,371,897Rs. 332,160- Rs. 414,490Rs. 0
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Features And Benefits

  • No collateral or security is required
  • Fast Approval
  • Less Documentation
  • Flexible tenure ranging from 12 months to 48 months

How To Apply

To apply for business loan visit the nearest Birla Finance Services branch. You can even call on 91 84259 66666 and inquire about the business loan. You can even drop a mail on the email id given on the official website.

Aditya Birla Business Loan Eligibility Criteria

The business loan provided by Aditya Birla Finance Services can be availed by candidates belonging to the following categories :

  • Non- Individual Entities
  • Individual Entities
  • Self – employed Entrepreneurs
  • Traders
  • Manufacturers
  • Companies

Aditya Birla Business Loan Application Form

The duly filled application form is to be submitted at the branch office along with the requisite documents. The form should be completed in all respect. Incomplete or wrong information may hamper your loan eligibility  and prevent the availability of loan.

Documents Required

  • Application form with a recent photograph
  • Proof of Identity (Passport Copy/ Voter ID card/ Driving License/ PAN Card)
  • Address Proof (Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License)
  • Age proof (PAN Card, Passport, any other certificate from a statutory authority)
  • Proof of business existence
  • Audited financials and Income Tax Returns filed for last two years from date of application
  • Bank statement for the last 6 months

Factors Affecting Business Loan Eligibility

  • Loan Repayment track
  • Credit Performance / Credit Bureau Update
  • Debt servicing ability of the customer
  • Business Vintage
  • Financial Ratios
  • Existing relationship

Aditya Birla Business Loan Interest Rate

Aditya Birla Finance Services provides business loans at the fixed rate of interest. The rate of interest remains unchanged during the tenor of the loan. The rate of interest charged on the business loan by the Aditya Birla Finance Services is affected by the following factors :

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  • CIBIL Score of the individual
  • Nature of business
  • Amount of Loan
  • Tenure
  • Past Record and repayment track

However, the current rate of interest ranges from 18.5% p.a – 22% p.a . To know your personalised rate of interest contact the dealers.