Whether you are a seasoned entrepreneur looking to expand your business or a first-time businessman looking for the much-needed capital to start – up your business, business loans are a necessity. With multiple banks offering business loans at highly competitive rates, Aditya Birla is one such bank that stands out.
Aditya Birla Finance Limited (ABFL) is a powerful financial house that is a part of Aditya Birla group. A noteworthy player in the non-banking financial services area and ranks amongst the top five fund managers in India. With financial offerings such as housing, wealth management and business loans, amongst others; Aditya Birla Financial Services Group has over 14,000 employees and around 60 lakh clients.
With a motto ‘Our business is to finance yours’, Aditya Birla offers a variety of customized financial solutions and hassle free service that attracts entrepreneurs. Aditya Birla offers a variety of loans to its consumers at attractive rates and schemes.
Overview Of Aditya Birla Business Loan
Aditya Birla Business Loan offers super flexibility when it comes to business loan borrowings. From start-ups to mid-sized companies, Aditya Birla offers maximum loan amount and fixed interest rates that make borrowing as well as repayment easier. Their customized solutions for different businesses are designed for both individual and non-individual entities.
Why Pick Aditya Birla Business Loan?
Aditya Birla Business Loan are a first choice for a lot of businesses for a variety of reasons:
- Fixed interest rate – Aditya Birla is a preferred choice for many businessmen because of their fixed interest rates that remain the same for the entire loan tenure.
- Flexible Tenure –Aditya Birla Business Loans are available for a flexible tenure, ranging from one year to four years.
- Flexible Repayment Options – Aditya Birla Business Loans can be repaid via EMIs using Electronic Clearing Service (ECS) or National Automated Clearing House (NACH).
- There is no Security or any type of collateral required for an Aditya Birla business loan. You simply have to produce the required business documents to prove your business is in a profitable condition.
Features of Aditya Birla Business Loan
Aditya Birla Business Loans makes borrowing an ease with a fixed rate of interest, higher loan amount approval, no collateral or security to be deposited, flexible repayment structure and superior customer service.
Benefits of Applying Aditya Birla Business Loan on Letzbank
- Instant Quotes -Letzbank allows you to view loans offerings by different and get Instant Quotes all in one place. You not only get to compare different loans but also have the ease of applying the chosen loan on our website itself.
- Simple Online Application Process– Letzbank offers a simple and short online application process helps you to directly apply on our website without any hassle.
- Credit Score Information Online -Letzbank also lets its customers gain access to their Credit Scores online. By using our Credit Score service, one can have instant access to their credit score information easily. Letzbank has partnered with a leading credit information company called Experian that helps you to check your credit score information. Credit Score is vital piece of information to know before you apply for any kind of loan as it is an important factor in determining your eligibility by banks. To find your credit score information, all you need to do is click on Services located at the top of Letzbank website and you will see the option for Credit Score. The page will lead you to the Experian information and at the bottom of the page you will see the option “Get Credit Score”. Click on that and you will be directed to the Experian consumer page wherein you are required to enter your personal details to obtain the credit score information. Experian Credit Score and Report charges around Rs. 399 for this information and their customer support can be contacted at [email protected] for any further information.
- EFILE – IT Returns For Free–Letzbank provides its customers the ease of filing Income Tax Returns online that is completely free of charge. The electronic filing of Income Tax Returns is done in collaboration with ClearTax, an Indian company that helps Indians e-file their returns and take control of their financial well being. All you need to do is simply click on Services tab on Letzbank website and select Efile – IT Returns. It will take you to the ClearTax page on Letzbank website that describes the relevant information. Click on “Click Here for E-Filing” and you will be directed to the ClearTax website.
- Document Locker– Letzbank offers you a variety of tools to help you with your financial needs and one of the most unique offerings is a Document Locker Tool. Document Locker is an online tool that helps you save your important financial documents in a safe and secure manner. So whenever you submit any of your documents on Letzbank website, you have the option to save them for any future usage on the Letzbank website. Document Locker is a safe and secure tool that stores your personal and financial information without compromising on your identity.
Aditya Birla Business Loan Eligibility
Aditya Birla business loan eligibility process is disclosed at the time of application.
Aditya Birla Business Loan Documentation Process
Aditya Birla business loan’s documentation process can be checked here:
- CA approved and verified financials for the last two years.
- CA approved and verified Income Tax Returns for the last two years.
- Bank statement for the past six months.
- KYC documents as per Aditya Birla policy.
Aditya Birla Business Loan Interest Rates
Aditya Birla Business Loan rate of interest varies from case to case and depends on the loan value, tenure, pool of borrowers, amongst other factors determined by the financial company from time to time.