Instant Personal Loan
Get quick funds with Aditya Birla Capital Instant Personal Loan. No need for collateral security, and the repayments are affordable with flexible tenure options.
- Attractive interest rates
- Easy & flexible repayment options
- Easy application process with quick sanctions
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Reasons to get a Instant Personal Loan with HENOX
Flexible Repayment Period
- Flexible Repayment Period
Choose from multiple repayment options you are eligible for such as Step-up, Step-down, and Extended tenure.
Long-term Appreciating Asset
- Long-term Appreciating Asset
Invest in your future since your home isn’t just a place to live but also an appreciating asset.
Transparent Processing
- Transparent Processing
Enjoy quick and transparent loan application and disbursal process from ABHFL. No surprises, no hidden charges.
No Pre-payment Charges
- No Pre-payment Charges
Reduce debt proactively with our floating-rate home loans. Make early payments without penalties and become debt-free on your terms.
Get Instant Digital Sanction
- Get Instant Digital Sanction
Get Instant Digital Sanction for your top-up home loan applying at your convenience anytime anywhere on ABCD app.
Tax Benefit
- Tax Benefit
Save taxes on both the principal amount as well as the interest paid every year under sections 80C, 24(b) and 80EEA of the Income Tax Act.
Who Can Apply For a Instant Personal Loan?
Find out if you are eligible to apply for an Instant Personal Loan
Salaried
Self Employed Professional
Self Employed Non-Professional
Interest Rates Available for Instant Personal Loans
Find out the interest payable on the home loan so that you can plan your repayments effectively.
Loans up to 12 months
Loan Type
Interest
The Short Term Reference Rate (STRR)
19.45% p.a. w.e.f.from March 1, 2024
Loans more than 12 months
Loan Type
Interest
The Long Term Reference Rate (LTRR)
20.45% p.a. w.e.f. from March 1, 2024
Features of Instant Loans
Quick Disbursal
Get funds credited to your account within minutes of approval.
Minimal Documentation
Apply with just basic documents like ID proof, address proof, and income details.
Flexible Repayment Tenure
Choose a repayment period that fits your financial situation.
No Collateral Required
Instant loans are unsecured, meaning you don’t need to pledge any assets.
How to Apply for an Instant Loan?
Eligibility Criteria for Instant Personal Loans
Are you eligible for a Instant Personal Loan? Check whether you meet the criteria.
Eligibility criteria
To qualify for an instant loan, applicants must meet the following criteria:
- Nationality | Indian citizen
- Minimum age for applying | 21 years
- Employment Type | Salaried or self-employed with a stable income source
- Minimum Monthly Income | ₹15,000 (varies by lender)
- Credit Score | A minimum CIBIL score of 650 is preferred for higher chances of approval
- Bank Account | Must have an active salary or savings account for loan disbursal
Note* – This is an indicative list that may change based on your actual loan application.
Documents Required for Instant Loans
The following documents are typically required to process an instant loan application:
- Identity Proof : Aadhaar Card, PAN Card, Passport, or Voter ID
- Address Proof : Utility bill, rental agreement, or Aadhaar Card
- Income Proof : Latest salary slip (for salaried) or bank statements & ITR (for self-employed)
- Bank Account Details : Cancelled cheque or bank statement for verification
Note* – This is an indicative list that may change based on your actual loan application.
Fees and Charges for Instant Personal Loans
Fees and Charges
Charge Type
Amount
Processing fees
Up to 4% of the loan sanctioned amount
Cheque Return charges
₹1000 + GST per instance
Penal charges (charges levied for non-payment of overdue amount)
3% p.m. (36% p.a.) on the overdue amount for the delayed period
Penal charges for non-compliance with material terms and conditions (covenants / stipulated conditions) mentioned in the Sanction Letter / Loan Agreement, wherever applicable
2% p.a. on the outstanding loan amount till the date of compliance
Charges for cancellation of Loan
4% of loan amount disbursed + applicable taxes
CIBIL report retrieval fees
Rs. 50 per instance for Consumer and Rs. 500 per instance for commercial CIBIL/Credit Report
Charge for Exchanging PDCs / ECS
₹750 + GST per instance
Loan re – schedule charges
₹5000 + GST per instance
Stamp Duty
As per Actual if applicable
Insurance Premium
As per Actual if applicable
Pre – closure Quote
₹1000 + GST per instance
Any other charges
As per Actual if applicable
Duplicate No Due Certificate issuance charges
Rs. 500 per instance
Foreclosure Charges
- For Term Loan :
- Up-To 1% Of The Loan Amount
- For Flexi Loan: :
- Upto 4% of the total withdrawable amount
- Conditions: :Foreclosure is allowed only after 12 months from the date of disbursal of loan.
Part Pre-payment charges
- For Term Loan :
- a) NIL charges – if part pre-payment is equal to 20% of principal outstanding amount
- b) Upto 4% on remaining loan amount – if part pre-payment is greater than 20% of principal outstanding amount
- Conditions: :
- a) No pre-payment is allowed in first 12 months from the date of disbursement
- b) Part pre-payment amount should be equal to OR greater than total of 3 EMIs
- For Flexi Loan:
- a) No charges for payments through mobile app/portal.
- b) Part pre-payment of loan facility toward limit reduction is not available
Documents Needed
Salaried**
- Proof of Identity and Address
Passport/ Aadhaar Card/ Voter’s ID/ Driving License/ Job Card issued by NREGA/ Registration certificate/ PAN card (PAN Card only as identity proof)
- Proof of Income
Latest 3 months salary slip showing all deductions and Form 16
- Bank statement showing salary
Latest 6 months
- Proof of Other Income:
Rental receipts or documents showing receipt of income
Self-Employed**
- Proof of Identity and Address
Passport/ Aadhaar Card/ Voter’s ID/ Driving License/ Job Card issued by NREGA/ Registration certificate/ PAN card (PAN Card only as identity proof)
- Proof of Income
IT Returns or financial documents for the last 2 years and computation of income certified by a CA for the last 2 years
- Bank statement showing salary
Latest 6 months
- Proof of Other Income:
Rental receipts or documents showing receipt of income
- Property Documents:
Copy of Title documents and approved sanction plan
Tax Planning
Save Tax, invest more,
reach goals
- Tax-saving options, one click
- Save tax under different sections
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