Aditya Birla Finance Business Loan

1. Easy and hassle-free steps to apply for a loan online.
2. No requirement of visiting a branch office of ABFL. ABFL will arrange for a pickup of the required documents from your official or residential address.
3. Completely paperless and online process of application and sanction of loan amount.
4. No requirement for collateral.
5. Quick online approval process.
6. Flexible loan repayment tenure which can be extended from 12 months to 36 months (short-term) and up to 12 years (long-term).

Documents Required to Apply

1. PAN card of the applicant.
2. Aadhaar card of the applicant.
3. Current account statement of the applicant for 1 year.
4. Proof of business which should have been active for at least 1 year.

Types of loans ABFL for Business Loan

Aditya Birla Finance Limited offers business loans for small or medium enterprises under SME Finance. The lender offers 5 loan products under the SME Finance category. These products are as follows:

• Secured Business Loans
• Unsecured Business Loans
• Line of Credit
• Working Capital Demand Loan
• Supply Chain Financing Solutions - Invoice Discounting

1) Secured Business Loans

The Aditya Birla Finance Limited Secured Business Loans are for borrowers who are looking for affordable credit within a short period. The features of the Secured Business Loans are as follows:

1. Minimum loan amount - Rs.1 crore
2. Maximum loan amount - Rs.25 crore
3. Average time for turnaround - 7 days from the date of receipt of all required documents

2) Unsecured Business Loans

The Aditya Birla Finance Limited Unsecured Business Loans are meant for borrowers who are looking for a loan to expand their business without the requirement of any collateral. The features of the Unsecured Business Loans can be summed up as follows:

1. Maximum loan amount of up to Rs.1 crore
2. Flexibility in loan repayment tenure - From 12 months to 48 months
3. Fixed rate of interest throughout the loan repayment tenure
4. No requirement of collateral or security
5. Easy repayment method through ECS or NACH
6. Loan can be paid via easy EMI.

3) Working Capital Demand Loans

The Aditya Birla Finance Limited Working Capital Demand Loans are for businesses which are looking for short-term funds for day-to-day operations. The features of the Working Capital Demand Loans can be summed up as follows:

1. ABDL offers working capital loans for short-term business requirements.
2. The loan is offered to businesses whose monthly revenues are lower than their operational costs.
3. The loan amount can be used for operational purpose.

4) Line of Credit

The line of credit is a process through which a lender offers credit to a borrower for day-to-day business activities. The main feature of the line of credit is that the borrower will be required to pay interest only on the loan amount that is actually drawn or used.

5) Supply Chain Financing Solutions

Invoice Discounting: The Invoice Discounting offered by Aditya Birla Finance Limited allows a business to encash their receivables. The features of invoice discounting are as follows:

1. Convert the receivables into cash immediately.
2. Simple process and quick Turnaround Time (TAT).
3. Helps build a relationship between the vendors and the partner channels.
4. Helps increase the sales by increasing the purchasing power of the partner channels.
5. Assurance of the availability of working capital for partner channels at competitive rates.
6. Faster payment options which lead to companies offering cash discounts.