Aditya Birla Finance Udyog Plus Business Loan EMI Calculator

Yes, the ABFL Udyog Plus Business Loan EMI calculator provides reliable estimates based on loan parameters. However, actual EMI amounts may vary due to lender-specific charges, processing fees, or interest rate changes.

Calculating EMI in advance for any lender helps with financial planning by providing a clear repayment estimate. It ensures the loan remains within your budget, preventing financial strain and penalties for late payments.

Yes, you can lower your EMI and interest payments by:

• Opting for a longer tenure (reduces EMI but increases total interest paid)

• Negotiating a lower interest rate with a strong credit score

• Making prepayments to reduce the outstanding principal and future interest

Here are details for both the eligibility and documentation required for applying for a business loan from ABFL Udyog Plus:

Eligibility

• You should have a CIBIL score of 700 or higher

• Your age must be between 23 and 62 years

• Your residence should be in a location covered by ABFL's services

• Your business must have a minimum turnover of ₹5 Lakhs in the past 6 months

Documents Required

To apply, you will typically need the following documents:

KYC Documents

• PAN card

• Aadhaar card

• Selfie of applicant and co-applicant

Udyam Certificate (Mandatory)

Ownership Proof (Any one of the following)

• Electricity bill

• Index copy

• Sales deed

• Gas bill

Business Vintage Proof (Any applicable document)

• Current account in the firm’s name

• Shop Act (Form B is acceptable)

• Trade license

• Income tax return

• GST certificate

• Food license

• Drug license

Business Proof (Any applicable document)

• Food license

• Drug license

• Import and export trade certificate

• ITEA certificate (for tour and travel businesses)

• GST certificate

• Shop Act (Form B is acceptable)

• Trade license

• Income tax return