Aditya Birla Car Loan

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Aditya Birla Car Loan Key Features

Aditya Birla Car Loan Interest Rate 7.35% per annum
Min Loan Amount ₹ 1,00,000
Max Loan Amount
(Loan to Value)
Loan up to 90%-100% of Pn Road Price
Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 1,517
Minimum Net Monthly Income  ₹ 20,000
Minimum ITR for Self Employed ₹ 300,000
Age Criteria Salaried: 18 years to 75 years
Self Employed: 18 years to 75 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs), Compact Car, Premium Cars and Super Premium Cars.
Processing Fee Starts from 0.23% of the loan amount
Foreclosure Charges NIL
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation

About Aditya Birla Car Loan

Aditya Birla Finance Limited is the major well-diversified non-banking financial services company in India. It has 850+ branches over India. Aditya Birla has 2 lakh operators and various bank partners.

Aditya Birla offers Car Loans at affordable rate of interest to the consumer for buying their dream car either new or second hand. It is an easily available loan which can be acquired by anyone who has less credit/CIBIL score.

Advantages of Aditya Birla Car Loan

Aditya Birla Car Loan

Aditya Birla Car Loan Eligibility

Salaried Individual
  • Age – 18-75 years of age
  • Net Monthly Income – should be minimum ₹ 20,000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 18-75 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

Aditya Birla Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate 7.35% p.a.  10% -15% p.a.
Processing fee Starts from 0.23% of the loan amount Starts from 0.23% of the loan amount
Issuance of Duplicate Repayment Schedule Charges Rs.250 per instance Rs.250 per instance
Foreclosure Charges NIL NIL
Penal Interest 2% per month 2% per month
Part Payment charges 2% of the paid amount 2% of the paid amount
Cheque/Instrument Swap Charge Rs.750 per instance Rs.750 per instance
Documentation Charge Rs. 500 per instance Rs.500 per instance
Issuance of Duplicate No Dues Certificate Charges Rs.500 per instance Rs.500 per instance
Registration Certification Collection Charge Rs.250 per instance Rs.250 per instance
Cheque Bounce/Instrument Return Charges Rs.750 per instance Rs.750 per instance
Issuance of Duplicate Statement Charges Rs.250 per instance Rs.250 per instance
Loan Cancellation/Re-booking Charges NA NA
Issuance of Credit Report Rs.50 per instance Rs.50 per instance

Aditya Birla Car Loan Documents Required

Salaried Individual

Category Documents Required
Identity Proof

 

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof

 

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof

 

(Any 1)

Birth Certificate
Passport
Driving Licence
PAN
Signature Proof

 

(Any 1)

Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date
Appointment Letter
Letter of Relieving

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Business Proof Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents
List of Directors and Shareholding Partners
PAN Card
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

Aditya Birla Car Loan EMI Calculator

The applicant has the option to check the EMI’s before getting a Car Loan from Aditya Birla. So, you can easily check out through the link below:

Car Loan EMI Calculator

Aditya Birla Car Loan Types

Aditya Birla provides different types of car loans to its customers. You have the option of selecting the offer which suits your need the best. Aditya Birla offers the following types of Car Loans:

  1. New Car Loan – Those who want to purchase a new car, this is the proposal for you. You can take a Car Loan from Aditya Birla for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
  2. Used Car Loan – If you wish to buy a used car from Aditya Birla then you can select this proposal which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
  3. Loan Against Car – You can choose for this proposal if you are in need of urgent funds from Aditya Birla where you can keep your cars as security with the bank 90% – 100% of your car’s value.

Aditya Birla Car Loan Pre Calculated EMI

How to Apply for Aditya Birla Car Loan?

  1. Visit Dialabank and fill a form.aditya birla car loan
  2. Our Relationship Manager will contact you and assist you throughout the process.
  3. You can compare different offers from banks and pick the one which suits you.
  4. So, you can easily apply for a Car Loan through Dialabank and enjoy offers.

Aditya Birla Car Loan for Top Selling Cars

Other Available Products from Aditya Birla

Aditya Birla Personal Loan Aditya Birla Gold Loan Aditya Birla Home Loan
Aditya Birla Credit Card Aditya Birla Two Wheeler Loan Aditya Birla Education Loan

FAQs for Aditya Birla Car Loan

✅ What is Aditya Birla Car Loan?

Aditya Birla Car Loan is a financial product provided to you to buy a car, it can be new or used.

✅ How can I get Car Loan from Aditya Birla?

You can get a car loan from Aditya Birla by visiting the nearest Aditya Birla branch. You will get satisfaction to apply from anywhere with Aditya Birla.

✅ How does Aditya Birla Bank Car Loan work?

Aditya Birla works on providing the funding to its customers for a car loan at attractive interest rates. You can avail a car loan easily and quickly. Aditya Birla provides flexible loan tenure period up to 7 years.

✅ What is the Car Loan Interest Rate in Aditya Birla?

The interest rate in Aditya Birla for a car loan starts at 7.35%.

✅ How to Check Car Loan status in Aditya Birla?

You must visit the branch of Aditya Birla to check your car loan status. Also, you can use the net-banking services of Aditya Birla to check your car loan status.

✅ How to Calculate Car Loan interest in Aditya Birla?

To calculate your car loan interest in Aditya Birla, the following information is required:

  • Loan tenure period
  • Loan amount
  • Rate of Interest 

You can calculate your car loan interest and EMI of Aditya Birla through the EMI calculator.

✅ What is the maximum loan amount I can avail on Car Loan from Aditya Birla?

The maximum loan amount for a car loan from Aditya Birla provides 90%-100% funding of on road Price.

✅ What is the loan tenure of Aditya Birla Car Loan?

The loan tenure of Aditya Birla for a car loan is up to 7 years.

✅ Can I get 100% Car Loan from Aditya Birla?

Yes, you can get loan up to 100% funding of your car price for availing a car loan from Aditya Birla.

✅ How much processing fee is applicable on Aditya Birla Car Loan?

The processing fee is 0.23% of the loan amount on Aditya Birla for availing a car loan.

✅ What are the EMI options available on Aditya Birla Car Loan?

The EMI options available on Aditya Birla car loan are:

  • Electronic Clearance System 
  • Standing Instruction 
  • Post Dated Cheques 

✅ What are the charges for Prepayment in Aditya Birla Car Loan?

The prepayment charges in Aditya Birla is according to the loan amount for availing a car loan.

✅ Can I get a top-up loan on my existing Aditya Birla Car Loan?

Yes, you can get a top-up loan on your existing Aditya Birla car loan. Also, get a top-up car loan by visiting the online platform of Dialabank.

✅ Do I need to provide a guarantor to avail a car loan from Aditya Birla?

No, you do not need to provide a guarantor to avail a car loan from Aditya Birla. 

✅ How to get  Aditya Birla Car Loan Statement?

To get a car loan statement of Aditya Birla, you can utilize Aditya Birla’s mobile banking app. Also, visit the nearest Aditya Birla branch and get your car loan statement.

✅ How to pay Aditya Birla Car Loan interest online?

You can pay your car loan interest through the net-banking services of Aditya Birla. If you are searching for a low-interest car loan, you must visit Dialabank online.

✅ What if I can’t pay the interest on Aditya Birla Car Loan for 3 months?

If you can’t pay the interest on Aditya Birla Car Loan for 3 months, then it will be added to the outstanding loan amount and repayment charges will redraft.

✅ How can I apply for EMI Moratorium on Aditya Birla Car Loan?

You can apply for EMI Moratorium on Aditya Birla through visiting the nearby Aditya Birla branch or you can submit a request through an email. Also, if you want relief for the balance duration, you must apply through Dialabank.

✅ What is the number for Aditya Birla Car Loan agent?

The number for Aditya Birla Car Loan agent is 1800 270 7000.

✅ Can I close Aditya Birla car loan online?

You can close your car loan from Aditya Birla by using the net-banking page of Aditya Birla. You have to log in with your details on the net -banking page and pay your car loan.

✅ What is Aditya Birla Car Loan Customer Care Number?

The customer care number of Aditya Birla for car loan queries is 1800 270 7000.

✅ How can I get NOC from Aditya Birla for a car loan?

You can get a car loan NOC from Aditya Birla after the payment of your car loan amount.

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