When it comes to availing a personal loan, it would not be wrong to say that it’s a long time commitment. It’s a big responsibility that you need to repay your loan till 5 or 7 years. Thus, it is important that you should have the best lender that can offer you the best deal. And, if we are talking about the best lender, how can Aditya Birla Finance be missed?
Yes, being a renowned and reputed name in the industry, this leading NBFC with its best of financial products and services caters the varied needs of one and all. And, offering the Aditya Birla Finance personal loan is one of them. But before you make that final choice, it is important that you should know the key parameters of the deal. So, go through the article below to know more about the same…
Interest Rates: Every loan journey begins from here. The moment you decide to apply for this credit facility, it is important that you should think about the personal loan interest rates offered by the lender. So, currently, the lender is offering the credit at a rate that ranges between 14%-26% per annum. Moreover, with lowest personal loan interest rates, you can also enjoy the affordable EMIs and Interest Outgo.
Fee & Charges: Well, there are certain fee and charges that you need to give away to the lender as far as availing a loan is concerned. Talking about the fee, there is a one-time non-refundable processing fee of 2% of the loan amount that an applicant needs to give away to the bank at the time of availing a credit. However, prepayment charges are concerned, they are currently NIL and would be permissible after 6 months of disbursement.
EMI: As far as your EMI is concerned, there is no denying the fact that it should be pocket-friendly enough to suit your wallet. Before you sign that dotted line, it is important that your monthly installments should be affordable so that you can easily repay the loan in the future. In fact, you can also use a personal loan EMI Calculator to ensure that whether your installments are going to be affordable or not?
Eligibility: Personal loan eligibility is no doubt one of the most crucial factors that play an essential role in your overall journey. Different lenders have different eligibility criteria that an applicant needs to check before availing the deal. There are many factors like age, income, job stability, work experience, employer type that an individual needs to match up before availing the credit from the lender.
Documents: Always keep your documents ready while availing an online personal loan. With a complete list of documents ready at your end, you would be able to enjoy a hassle-free and a smooth Aditya Birla Finance personal loan online journey. You can either submit the documents online or offline, as per your convenience in order to have an enjoyable loan buying experience.
Hope you will keep the above points in mind while going for another deal!