Title: Check Aditya Birla Finance Limited Personal Loan Eligibility Criteria 2021
1Aditya Birla Finance Limited Personal Loan
Eligibility Criteria 2021
2Aditya Birla personal loan eligibility criteria
- Aditya Birla offers a personal loan to all
salaried individuals to help them tackle the cash
crunch they may face in daily life, such as
medical expenses, home renovation, wedding,
big-ticket purchase, holiday, and a lot more.
Salaried individuals with a good credit score can
get a personal loan up to Rs. 15 lakh at a
nominal interest rate with quick approval.
3Aditya Birla personal loan eligibility criteria
for salaried professionals
Age The minimum age of an applicant should be 23 years at the time of application The maximum age of an individual should be 55 years
Credit score Applicant needs to have a good credit score to get a personal loan from Aditya Birla Finance
Total work experience Salaried professional with a regular income and at least two years work experience in a well-reputed company
Loan amount Up to 15 lakhs
Loan tenure From 6 months to 36 months
Residential status Indian
Interest rate 14 p.a. to 26 p.a.
4What are the top factors that affect your Aditya
Birla personal loan eligibility?
- Age Lenders check your age to determine your
eligibility for a personal loan. Your age should
be between 23 years and 55 years to get a
personal loan from Aditya Birla Finance. Because
young borrowers have much time to earn money and
repay a personal loan, they can more easily
qualify for Aditya Birla personal loan than
individuals who are in their 50s or approaching
retirement. - Monthly salary A personal loan applicant should
have a regular income and a stable job in a
reputed company to get a personal loan from
Aditya Birla Finance. Your monthly income impacts
how much personal loan you can get at what
interest rate. Moreover, your monthly instalment
is also based on the salary you draw every
month. - Credit score Since a personal loan is an
unsecured loan, lenders check your credit score
to assess your payment behaviour. Your credit
score shows how responsible you are in handling
your debts. You need to have a good credit score
to get a personal loan from Aditya Birla
Finance. Generally, a credit score of 750 or
above is considered perfect for a personal loan. - Job and work stability Lenders also look into
job stability and the organisation you work with
before processing a personal loan application. It
gives a clear picture of a regular stream of
income. Generally, salaried individuals should
have at least 2 years of work experience and
should have worked for at least 1 year in their
job. While a self-employed person needs to have a
minimum of 2 years of experience in their current
business and the business should be
profit-making.
5Documents required for Aditya Birla personal loan
- Applicants need to submit the following documents
to get a personal loan from Aditya Birla
Finance. - For salaried employees
- Proof of identity Passport / Driving license /
Voters ID / PAN card /Aadhaar card - Address proof Leave License Agreement/ Ration
card /Utility bill (not more than 3 months old) /
Passport - provided the passport has the present
address mentioned in the loan application form - Credit information PAN card to check your credit
history - Income proof Salary slips for the last 3 months
along with salary certificate and latest Form 16 - Salary slips for the past 3 months
- Bank statement Bank statement showing salary
being credited for the last 3 months - You can also provide additional documents that
demonstrate your extra income from other sources
to enhance your eligibility
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