Long Term Personal Loan
Enjoy affordable repayments and a flexible tenure with Aditya Birla Capital’s Long-Term Personal Loan. Get an unsecured loan for multiple uses and fulfil your needs.
- Attractive interest rates
- Easy & flexible repayment options
- Easy application process with quick sanctions
For more information
Please share the details
What is a
Long-term Personal Loan?
A long-term personal loan is a flexible financing option designed for individuals seeking substantial funds with extended repayment periods. Whether you need to consolidate debt, fund a wedding, cover medical expenses, or manage other big-ticket expenses, this loan provides an affordable solution with structured EMIs. The longer tenure ensures lower monthly payments, reducing financial strain while allowing borrowers to meet their needs without immediate repayment pressure. With minimal paperwork, quick disbursal, and competitive interest rates, a long-term personal loan helps you achieve your financial goals without disrupting your cash flow.
Features of Long-term Personal Loan
Flexible Repayment Tenure
Choose a repayment period that suits your financial planning, typically ranging from 12 months to 84 months.
High Loan Amounts
Avail higher loan amounts to meet significant financial needs without collateral (subject to eligibility).
Lower EMI Burden
Longer tenure results in lower monthly instalments, making repayments manageable.
Quick Processing & Disbursal
Enjoy a seamless application process with fast approvals and funds transferred directly to your bank.
Interest Rates Available for Long-Term Personal Loans
Find out the interest payable on the Long-Term Personal Loans to 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
Who Can Apply For a Long-Term Personal Loan?
Find out if you are eligible to apply for a Long-Term Personal Loan
Salaried
Self Employed Professional
Self Employed Non-Professional
Get A Long-Term Personal Loan In 5 Easy Steps
Eligibility Criteria for Long-Term Personal Loans
Are you eligible for a Long-Term Personal Loan? Check whether you meet the criteria.
Documents Needed
- 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 Salary slip for the last 3 months showing all deductions and Form 16
- Bank statement where income is credited Last 6 months
- Proof of other income Last 3 months' salary slips or Salary certificate. Last 6 months' bank statement where salary is credited directly. Latest Form 16
Note* – This is an indicative list that may change based on your actual loan application.
For Salaried/Self Employed Professional Nationality
Minimum age
Maximum age
Credit Score
Employment
Indian citizen
21 years
60 years*
750+
Salaried
* A higher age limit is applicable at the time of loan maturity.
Note* – This is an indicative list that may change based on your actual loan application.
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
Secured Business Loan
Secure business loans
for you
- Low interest, flexible payments
- One app, quick dispersals
Reach us on WhatsApp