Aditya Birla Finance Business Loan
Aditya Birla Finance SME Business Loan is a customized financial solution for Small and Medium size enterprises. Aditya Birla is a preferred choice for many businessmen because of the fixed interest rates offered for the entire loan tenure.
Aditya Birla Finance SME Business Loan Interest Rate, Charges, Fees and Commissions
|Interest Rates||18.5% p.a – 22% p.a|
|Loan Amount||Up to Rs. 1,00,00,000|
|Tenure||12 months – 48 months|
|Processing Fee||1.50% of the loan amount|
|Repayment Options||Through ECS/NACH|
|Type Of Loan||Unsecured|
Aditya Birla Finance SME Business Loan Eligibility
- Self – employed Entrepreneurs
- Non- Individual Entities
- Individual Entities
- Age Criteria: Min - 27 years, Max - 65 years
- Minimum Cash profit of Rs.10 Lacs
- The business you are running, on which you want to take a business loan, should have been operating for a minimum period of 3 years.
- Clear repayment history in all the running or previously closed loans.
- Good CIBIL score
Aditya Birla Finance SME Business Loan Documents Required
- The first and foremost document will be the application form along with a photograph
- Audited financials and Income Tax Returns filed for the last 2 years
- Bank statement for the last 6 months
- KYC documents relating to proof of identity and address will be needed
- Income from other sources to prove your eligibility, in case you plan to take a loan that is beyond the means of your monthly income