Who can apply for the loans?

Proprietorship, Partnership, Public and Private Limited Companies

How soon will I get the loan?

A loan is generally disbursed within 7-10 working days after the submission of complete and correct documents.

What are my loan tenure options?

ABFL provides both short term and long term loans based on the business requirement of the client. This may range from 3 months to 12 years.

How much processing fee would I have to pay?

Processing fee will vary from customer to customer upto 2%.

What are my various loan repayment options?

You can repay through RTGS, NACH or through a cheque favouring Aditya Birla Finance Limited.

Can I directly deposit / withdraw cash from the loan account?

No, you cannot directly deposit / withdraw cash from the loan account. All transactions can be carried out only through cheque / ECS / NEFT / RTGS.

Can I apply for an overdraft facility ?

ABFL can help the customer avail Overdraft facility through its partner banks.

Can I prepay my loan? If yes, what are the charges involved?

Yes, the loan can be prepaid. Please note that prepayment charges may be applicable.

Do I receive a tax benefit from the loan?

Interest paid on the loan is a tax deductible expense.

Can I use the loan for any other purpose?

Loans can be used only for the purpose mentioned in the offer document.

How can I pay the processing fee?

You can pay the processing fee through cheque / NEFT / RTGS facility.

Disclaimer: The following questions and answers are provided for general information only and may not be completely accurate in every circumstance, do not purport to be legal/ commercial advice, and are not intended to be binding on ABFL. ABFL shall have right to change them from time to time. Each case would be reviewed independently, and the FAQs will have no binding effect on ABFL.

 
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Important Notice

Note : We would like to inform you that we do not accept cash for any transaction.

It has come to our notice that unknown third parties, who are not affiliated with Aditya Birla Finance Limited are forging/mis-selling loan products using our name, brand or logo (explicitly and/or implicitly). Aditya Birla Finance Limited may not have any control over such any third party use of our name and therefore cannot be held responsible for any unauthorised offer, products or services which is made by forging/misusing/faking our brand name. Anyone relying on any such information without verifying and confirming the same with Aditya Birla Finance Limited shall do so at their own risk and liability as to cost and consequences thereof. We also recommend that you do not disclose your personal or financial details to anyone approaching you and claiming to be on behalf of us, unless identity of the person is established or the communication is verified with one of the branches or telephone numbers stated herein.

If you receive a product/ loan proposal from anybody with a name similar to Aditya Birla Finance Limited or claiming to be from Aditya Birla Finance Limited or Birla Global Finance Limited or Birla Finance Limited or any other name which exhibits any connection with Aditya Birla Group or if you have any doubts about such proposal, please feel free to contact Aditya Birla Finance Ltd. immediately on +91 84259 66666. Aditya Birla Finance Limited highly recommends that you ignore any suspicious product/ loan proposals. On no account should you transfer any money without properly verifying and establishing the identity of the entity involved. We once again request you to examine product/loan proposals cautiously and carefully before entering into any transaction with such entities.

 

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