Aditya Birla Finance Limited Business Loan

Features and benefits offered by Aditya Birla Finance business loan

• It offers free and easy process for online loan application 
• There is no need to visit the brand under this bank process as it arranges for pickup of essential documents from the residential or official address given at the time of applying for the loan 
• It is a complete paperless form of applying online for the loan and get easy sanctioning of the same 
• There is no need for collateral for the loan 
• It allows ease of online approval for the loan 
• There is flexible loan extension possible under this category both under short and long term for 36 – 12 years respectively

Aditya Birla Finance Limited business loan – Overview

Eligibility criteria and factors affecting Aditya Birla Finance Limited business loan

There are certain Aditya Birla Finance Limited business loan requirements for eligibility criteria:

• Age limit – The age limit is from 23 years to 55 years to apply for this loan 
• Category of applicants – Trusts, partnership firm, sole proprietorship, societies, private limited companies, closely held public listed companies  
• Credit score – It should be minimum of 650 and more 
• Company financials – It should show company profit and loss balance sheet for minimum of two years along with tax and audit reports 
• Business profitability – Applicant should be in earning position for minimum of 3 years and more

Who is eligible to get the finance service under Aditya Birla?

The business loan under Aditya Birla Finance service can be availed by applicant of the following category:

What comes under other charges of Aditya Birla Finance Limited?

Aditya Birla Finance Business Loan Interest Rates

The interest rate of the loan varies from one source of lender to another. The interest rate would depend on various factors such as loan tenure, amount, eligibility of the person applied for loan. Other than this, it can vary depending on whether it is secured or unsecured loan and the type of business for which one would request for the loan. Before you apply for Aditya Birla Finance Limited business loan, it is important to get details of interest rates and others.

What factors affect Aditya Birla Finance business loan interest rates?

The Aditya Birla Finance Limited business loan interest rate is affected by various measures and these are as follows:

• Credit history – With less credit history, the lender would have less knowledge of repayment, with less risks and having a better payment history is considered to be a good rate. 
• Credit score – With higher rate, the lower is the rate of interest 
• Loan size – Depending on the amount of loan you ask for; the interest rate would vary and tends to be on higher side
• Type of employment and income – The applicant category of bonus-based payment, self-employment and hourly employment has high risk factor and there is a probability of how smoothly and routinely the person can repay the money
• Loan type – There are varying types of loan types and interest rate varies depending on the type. It may be lower with an adjustable rate than a fixed rate but there is the risk of increased rate afterwards

Document required for Aditya Birla Finance Limited business loan

The list of documents required for Aditya Birla Finance Limited business loan are as listed below:

Identification details – Any of following

Address proof – Cope of any of the below listed

Continuation proof 

One should show 5-year-old ITR or establishment details, sales tax certificate or trade license  

Bank statement details

Others

• Declaration Or any certified copy of the partnership deed of sole proprietorship 
• Certified copy of Memorandum that has been certified by Director and Board resolution

How to calculate EMI for Aditya Birla Finance Limited business loan?

It is mainly by use of instant calculator for monthly instalment. It helps compare the interest rate with what others charge including different banks or the financial institutes. This is how you can find whether the rates of Aditya Birla group are low or high than others. It is important to have knowledge on interest rate for short term loans as and when required. Depending on this, you can understand what kind of monthly EMI needs to be paid. Accordingly, you can plan for the monthly budget required to repay the loan. Aditya Birla has a loan calculator and lets one pay the EMI in quick time with the knowledge of the ultimate rate. This is how it becomes easy to manage the monthly loan amount with ease. Before you submit Aditya Birla Finance Limited business loan online application, it is important to calculate the details.

When using the calculator, it mainly depends on some factors and details of loan on the basic such as 

• Loan tenure 
• Loan amount 
• Interest rate

Aditya Birla Finance Limited Business Loan Customer Care Number

One can reach out to customer care at toll free number of 1-800-270-7000. The customer care is available most of the time from 10 AM to 6 PM expect for national holidays. Other than reaching out via phone number, you can email the team for any complaints or query at care.finance@adityabirlacapital.com. So, if you have mailed the team, you have to wait for some 3 working days to get the response or a call back response from the team and get the problem resolved. The customer support team would give its best to offer the best service to customers and solve the problem. For this, you can also reach out to the nearest branch other than telecommunication service or email them.