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Aditya Birla Finance Limited (ABFL)

Aditya Birla Finance Limited (ABFL)

Aditya Birla Finance Limited (ABFL) is one of India's most reputed non-banking financial companies (NBFC). Incorporated in 1991, the company was certified as ISO 9001:2008 across all its core functional processes in March 2013 by BSI, a leading global independent business services organization. It offers customized solutions in areas of Capital Market, Corporate Finance, Commercial Real Estate & Mortgages and Infrastructure Project & Structured Finance.

About Home Loan

Home is where you build memories with your loved ones. It’s your own little piece of heaven. ABHFL offers a variety of home loan, especially designed just for you. It offers Home Loan, Home Extension Loan, Home Improvement Loan, Plot and Home Construction Loan and Home Construction Loan.

Eligibility Criteria

    • Minimum age of applicant - 21 yrs

    • Maximum age of applicant at loan maturity - 60 years

    • Minimum loan amount - 25 lakhs for Delhi & Mumbai; 15 lakhs for all other locations

    • Loan to property value – Up to 20 Lakhs- 90% , 20 Lakhs to 75 Lakhs- 80%, More than 75 Lakhs- 75%

Documents Required

  • Signed Application form with photograph
  • Proof of Identity and Address
  • Last 6 Months Bank statements
  • Proof of Other Income-Rental receipts or documents showing receipt of income
  • Property Documents- Copy of Title documents and approved sanction plan
  • For Salaried Individual- 
  • Latest 3 months salary slips showing all deductions & Form 16
  • For Self Employed / Professional / Partnership / Company- IT Returns or financial documents for last 2 years and computation of income certified by a CA for last 2 years

Do’s and Dont’s

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
APPLY

About Loan against property

Discover the hidden potential of your commercial or residential property. It can help you fulfil your much desire goals. With Loan against Property you can get ready funds and you don't even have to sell your invaluable asset. This financing solution can give you the added financial ammunition when you require it the most. Be it for expansion of your business, additional capital requirement, planning a dream wedding, fund your child's education or any other financial need, your own property can help you fulfil it.

Eligibility Criteria

    • Minimum age of applicant - 21 yrs

    • Maximum age of applicant at loan maturity - 60 years

    • Minimum loan amount - 25 lakhs for Delhi & Mumbai; 15 lakhs for all other locations

    • Loan up to 70% of the residential property value or 60% for commercial property

Documents Required

  • Signed Application form with photograph
  • Proof of Identity and Address
  • Last 6 Months Bank statements
  • Proof of Other Income-Rental receipts or documents showing receipt of income
  • Property Documents- Copy of Title documents and approved sanction plan
  • For Salaried Individual-
  • Latest 3 months salary slips showing all deductions & Form 16
  • For Self Employed / Professional / Partnership / Company- 
  • IT Returns or financial documents for last 2 years and computation of income certified by a CA for last 2 years

Do’s and Dont’s

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
APPLY

About Personal Loan

Aditya Birla Finance offers customers and companies several hassle-free financing options to optimally leverage their securities with quick turnaround time and faster processing. If your heart is set on an international vacation, home renovation, wedding or child's education, ABFL will help you. So go on and fulfil your dreams with our special personal loan offer.

Eligibility Criteria

    • For eligibility on particular product please contact us or the respective bank

Documents Required

  • Know Your Customer (KYC) documents are required for initiating the process. Based on the product selected, the other requirements are communicated by a company executive during a personal visit. Other than this the basic documents as per RBI guidelines are required.

Do’s and Dont’s

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
APPLY

About Business Loan

On-time funding is very important especially when it comes to making the most of any business opportunity. That's why we offer Business Loans that allow you to meet all your enterprise needs. With our flexible borrowing options, you can choose the solution that's right for your business. If your business needs funds, reach out to us for timely service.

Eligibility Criteria

    • For eligibility on particular product please contact us or the respective bank

Documents Required

  • Know Your Customer (KYC) documents are required for initiating the process. Based on the product selected, the other requirements are communicated by a company executive during a personal visit. Other than this the basic documents as per RBI guidelines are required.

Do’s and Dont’s

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
APPLY