Disclaimer….before you read ahead!
The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updation, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.
Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this article.
About this scheme…
Unsecured Business Loan is an unsecured loan offering by Aditya Birla Capital Limited (ABCL), a listed non-deposit taking, systemically important Non-Banking Finance Company (NBFC-ND-SI) registered with Reserve Bank of India (RBI), custom designed to meet the needs of MSMEs.
How is it being implemented?
Under this Scheme, direct loans are provided to,
- MSMEs in manufacturing, services or trading
What’s on offer?
I. Product
- Term Loan
- Ticket Size: above ₹10 Lakhs to ₹1 Crore
- For unsecured business loans of up to ₹10 Lakhs, please refer to ABCL’s Udyog Plus Scheme here
II. Purpose:
- Acquisition of or investment in fixed assets
- Working capital requirements
III. Borrower Type:
- Sole Proprietorship, Partnership Firm, Limited Liability Partnership (LLP), Private Limited Company, Public Limited Company
IV. Security or Collateral or Guarantee or Insurance
- Primary Security: There may be primary charge on assets financed under this Scheme
- Collateral Security: Nil
- Guarantee: Nil
- Insurance: For more information around this, please contact ABCL via means mentioned below
V. Interest Rate
- May range between 15% – 21% per annum
- For more information around this, please contact ABCL via means mentioned below
VI. Processing Fee
- Up to 3% + GST
VII. Margin Money Requirement
- For more information around this, please contact ABCL via means mentioned below
VIII. Tenure, Repayments & Pre-Closures
- Tenure: 48 to 60 months
- Repayments: EMIs. You may refer to the EMI Calculator here or here
- Pre-payment & Foreclosure Charges
- Foreclosure Charges: 4% + GST on loan outstanding
- Pre-payment Charges: For more information around this, please contact ABCL via means mentioned below
IX. Turnaround Time
- Loan processing typically requires 1 to 2 working days, assuming all necessary documentation is in order and readily available
Interested? Read ahead to check your eligibility….
I. No particular eligibility criteria has been specified under this Scheme. You may directly apply for loan under this Scheme or contact ABCL via means mentioned below
So…how big is this scheme and what has been done so far?
I. As of March 31, 2025, there were loan outstanding worth ₹12,066 Crores under this Scheme
So, now, how should you go about it?
I. For submitting application:
- Apply online here
- Post that you will get assistance from a dedicated support team 12X5 days from 8am to 8pm
II. For indicative list of documentation required, please scroll here to get to Aditya Birla Capital Business Loan Process section
III. For any queries, please contact ABCL via:
- Call: 18002707000 – 8 AM to 7 PM, Monday to Sunday
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Go on then…and do spread the word!
Best
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