A line of credit, is an arrangement between a financial institutions, and a customer that establishes a maximum loan balance that the lender permits the borrower to access or maintain a customer may draw upon the available line of credit, provided that the amount does not exceed the limit. Money borrowed on the line of credit must be paid back within a specified timeframe, at a specified interest rate. Unlike a loan, however, only the money actually drawn (or used) on a line of credit is charged
For Business loan below 1 lakhs,
Why a loan for business from Aditya Birla Finance?
The Aditya Birla Finance business loan is a unique offering, in that it is a business loan provided in India without security. It helps businesses in an increasingly competitive environment by providing the edge through funding – companies can take loans for business expansion, machinery purchase, or to even start a new business. We offer businesses the opportunity to realize their goals by fulfilling various financial needs, from working capital requirement to debt consolidation, and asset acquisition. The product has been designed for individual and non-individual entities, either self-employed entrepreneurs, traders, manufacturers and/or companies.
Is a business loan for you?
Your business can profit from borrowing essential funds required to upscale operations, purchase new premises and machinery, acquire the latest technology and skilled manpower, operationalize new supply chain management systems and drive growth through optimum asset allocation. Taking a business loan at competitive interest rates will propel your goals towards rapid fruition.
Why opt for our loan for business?
- Maximum loan amount: Rs 1 Crore.
- Fixed rate of interest, interest rates remain unchanged throughout the tenure of the loan.
- Flexible tenure from 12 months to 48 months
- Repayment channels: ECS/NACH.
- No security or collateral required.
- Repayment via easy EMI
Aditya Birla Finance business loans process:
- Audited financials and Income Tax Returns filed for last two years from date of application.
- Bank statement for the last 6months.
- KYC documents as required.
Do you have questions?
Call 1800 270 7000 or write us at