Aditya Birla Finance Business Loan

Business Loan

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    What makes Aditya Birla Finance business loan unique is the fastest loan approval and a hassle-free process . The loan is available for the business entities who need funds either to upscale production or to purchase new machinery and buildings. Let’s know more about the bsuiness loan below.

    Aditya Birla Finance Business Loan Interest Rates

    Interest RatesStarting from 14.00%
    Loan Amount₹50,000-7,50,000
    TenureUp to 36 Months (3 Years)
    Processing Fee2% of the loan amount
    Foreclosure FeeForeclosure charges NIL after 6 months of disbursal

    Aditya Birla Finance Business Loan for Self Employed with No Income Proof

    If you are a self-employed individual who is not having an income proof, don’t be disheartened. Yes, there are a lot of reputed NBFCs which are ready to offer you the business loan without even asking for an income proof. What? Surprised to read that! Well, it is absolutely true. Aditya Birla Capital is one such NBFCs that offer the business loan of up to ₹7.5 Lakh to self-employed individuals within 5 minutes. Instead of an income proof, there are other KYC documents that a self-employed needs to submit to the lender. Curious to know about the documents ? Take a look at the table below.

    Documents Required ( For Self-employed with No Income Proof)

    • Passport-Photograph
    • PAN Card
    • Current Residence Proof
    • Office Address Proof
    • Business Registration Proo
      Note:Customer’s Bank Statement is not required

    Documents Required (For Self employed with Income Proof)

    • 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
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    Aditya Birla Business Loan EMI Calculator

    For effortless and swift EMI calculation use the Business Loan 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.

    Below is an example, showing the calculations of EMI and Interest Outgo for a Business Loan:

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 5,00,00017%1₹ 45,602₹ 47,229₹ 5,47,229
    ₹ 5,00,00017%2₹ 24,721₹ 93,307₹ 5,93,307
    ₹ 5,00,00017%3₹ 17,826₹ 1,41,749₹ 6,41,749

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 1,39,450₹ 74,465₹ 3,60,549
    2₹ 1,65,094₹ 48,822₹ 1,95,454
    3₹ 1,95,703₹ 18,462₹ 0

    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.

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    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

    Features And Benefits

    • Fastest Approval
    • Less Documentation
    • Flexible Tenure

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