# Aditya Birla business loans

> Aditya Birla is on Recur Club's lender panel, writing cashflow financing, distributor financing, loan against property and 7 other products. Observed tickets run ₹50 lakh to ₹20 cr, priced between 11.5% and 18%. Median turnaround from application to disbursal is about 19 days.

Source: https://www.recurclub.com/lenders/aditya-birla
Last updated: 2026-09-29

## Products and indicative terms

Observed on live transactions. Not an offer or a quote.

| Product | Ticket | Rate | Tenure |
|---|---|---|---|
| Cashflow Financing | ₹0.5–3 cr | 15.5–18% | 6–18 mo |
| Purchase Invoice Discounting | ₹1–10 cr | 11.5–15% | 12 mo |
| Secured Term Loan | ₹20 cr | 13–14% | 36 mo |

Also offered, with no terms observed yet: Distributor Financing, Loan Against Property, Overdraft / Cash Credit, Sales Invoice Discounting, Unsecured Business Loan, Working Capital Demand Loan, Loan Against Securities.

## Eligibility - ADITYA BIRLA CAPITAL LIMITED

### Will not fund

- Industry must not be in the Negative Industry list - Agri, farm-to-retail, services and other low-churn, high-risk segments excluded
- Industry: all sectors funded except Agri, Farm to retail, services and other low-churn/high-risk segments; must not be a negative industry
- Not for purchase invoice discounting
- Brickworks ratings are not considered at all
- no loss making cos
- Factoring not available for services companies
- Restricted industries excluded from purchase invoice discounting: EPC/Real Estate/Infrastructure/Construction, New Age Cos, Gems & Jewellery, NBFCs/money lenders, chit funds/stock broking, tobacco, arms & ammunition, liquor, gambling/casino, scrap dealers with turnover <Rs3 Cr, and other listed negative-list businesses (Dairy & Agri-Commodity excluded only for purchase invoice discounting but explorable under Vendor/Dealer Finance)
- Brickworks-rated borrowers are excluded from the purchase invoice discounting Rs5-10 Cr bucket
- Wilful defaulters not allowed under Factoring; borrower must have no write-off/suit-filed or NPA history in last 36 months
- Restricted industries not funded: EPC/Real Estate/Infrastructure/Construction, New Age Cos, Gems & Jewellery, NBFCs/money lenders, chit funds/stock broking, arms & ammunition dealers, narcotics, wildlife products, tobacco, liquor business, gambling/casino, weapons/radioactive materials, scrap dealers with turnover <Rs3Cr, and various negative-list professions (astrologers, stock brokers, private financiers, recovery agents, etc.)
- Same restricted-industries negative list applies across purchase invoice discounting/Factoring products: EPC/Real Estate/Construction, Gems & Jewellery, NBFCs, arms dealers, narcotics, gambling, liquor, etc.
- Brickworks-rated borrowers are excluded from the purchase invoice discounting 3-10 Cr product
- Factoring: wilful defaulters not allowed; borrowers with write-off/suit filed or NPA history in last 36 months are excluded
- Negative list industries not funded: tobacco, animal husbandry/poultry/livestock, liquor/alcoholic beverages, security guard services, cable TV operators, non-qualified medical practitioners, cyber cafés/CD-DVD rentals, YouTube influencers/content creators, houses of worship, standalone liquor shops, stock brokers, private financiers, arms & ammunition dealers, astrologers, STD booth owners, chit funds/NBFCs, gym owners, recovery agents, gambling/lottery/field investigators/MLM companies, butcher & meat shops, DSA/sub-DSA agents, lawyers & legal professionals, press & media journalists, security agencies supplying armed guards, home boutiques, RTO agents, non-IATA travel agents, marine food/fishery/aquaculture, human hair traders, milk producers, mobile phone shops, poultry & meat products, video game parlours, tobacco/gutkha manufacturing, and food trucks without OHP/FSSAI
- This is an existing sanctioned client and hence we can't move forward with this
- Client already availed a ₹50 lakh purchase invoice discounting limit from ABF through a Finac (different) partner, so lender cannot move this case with
- Discontinued the Jocata-based programme
- TR Enterprises was rejected under STUL: applicant not justifying business activity, low standard of living, no business activity seen during verification
- ABFL dropped the deal as they cannot go over 5 cr in group level exposure
- Gorakhpur is not a serviceable location
- Will not do purchase invoice discounting (purchase invoice discounting) where sourcing is from farmers
- Company not okay with a revolving line facility
- Industry must not be in the Negative Industry list - Agri, farm-to-retail, services and other low-churn, high-risk segments excluded (×1 · latest )
- Industry: all sectors funded except Agri, Farm to retail, services and other low-churn/high-risk segments; must not be a negative industry (×1 · latest )

### Prefers

- Open to fee sharing on insurance once volumes reach 20-25cr
- CIBIL should be okay
- Super Caution and Caution list industries (e.g. agri-commodity/APMC traders, construction material suppliers, travel/ticketing agents, scrap dealers, labour contractors, textiles, 2/3-wheeler dealers, film industry, beauty/massage parlours, FMCG dealers/distributors) are funded but at higher risk margins versus Normal list industries
- ABFL restricts the purchase invoice discounting facility to goods-only customers, seen as too many restrictions
- ABFL hesitant to commit new borrower names into the program
- …more in playbook
- Open to fee sharing on insurance once volumes reach 20-25cr
- CIBIL should be okay
- Super Caution and Caution list industries (e.g. agri-commodity/APMC traders, construction material suppliers, travel/ticketing agents, scrap dealers, labour contractors, textiles, 2/3-wheeler dealers, film industry, beauty/massage parlours, FMCG dealers/distributors) are funded but at higher risk margins versus Normal list industries
- Last 2 Year Audited Financials
- Last 12 month GST
- Last 6 month Banking

### Screening gates and observed behaviour

- Borrower: CIBIL ≥650 (cohort ≈708) · age ≥2y (purchase invoice discounting) · age ≥3y (unsecured business loan) · age ≥5y (distributor financing, domestic factoring, vendor financing) · minimum bankingturnover: 1 (unsecured business loan only) · max usl90 plus dpd l6 m: 0 (unsecured business loan only) · max director current overdue usl l3 m: 0.002 (unsecured business loan only) · max nach cheque bounces l6 m: 0 (unsecured business loan only) · max usl enquiries l3 m: 5 (unsecured business loan only) · max ongoing ubl count: 10 (unsecured business loan only) · avg bank balance: 0.0035 (unsecured business loan only) · max nach cheque bounces l3 m: 0 (unsecured business loan only) · avoid: Gems and Jewellery, Explosives, Arms and Ammunitions, Financial Services (varies by product) · Chandigarh, Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Ladakh, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand (varies by product) · Private Limited, Public (varies by product) · positive sector: Financial Services (varies by product)
- Financials: rev ≥₹15cr (cohort ≈112) (purchase invoice discounting) · rev ≥₹50cr (unsecured business loan) · rev ≥₹100cr (dropline overdraft, loan against property, loan against securities, sales invoice discounting) · rev ≥₹500cr (distributor financing, domestic factoring, vendor financing) · TOL/adjusted tangible net worth ≤5 (varies by product) · debt/EBITDA ≤4 (cohort ≈3.3×) (varies by product) · debt/networth ≤4 (cohort ≈0.8×) (varies by product) · DSCR ≥1 (cohort ≈2.5×) (purchase invoice discounting) · DSCR ≥1.2 (unsecured business loan) · DSCR ≥1 (distributor financing, domestic factoring, dropline overdraft, loan against property, loan against securities, overdraft / cash credit, sales invoice discounting, secured term loan, vendor financing, working capital demand loan)
- Deal: rate 9–19% (range across products — see matrix) · ticket ₹0–500cr (range across products — see matrix) · tenure 12–240mo (range across products — see matrix) · no PEP
- Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%) · FD margin 10–15% (73%)
- median ticket ₹3cr
- median rate 15%
- median turnaround 19d
- Security asked in : Personal Guarantee Of Promoters/Directors (×16), FD margin 5–10% (×7), FD margin 10–15% (×6), Personal Guarantee Of Promoters / Directors / Property Owner (×4)
- Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×55), FD margin 10–15% (×40), No Security (×13), FD margin 15–20% (×9)
- share → in-principle approval (initial interest): ≈14d
- in-principle approval → sanction (underwriting): ≈12d
- sanction → disburse (closing): ≈6d

## Eligibility - ADITYA BIRLA FINANCE LIMITED

### Will not fund

- Financial Services listed as a negative/excluded sector
- End use is not acceptable to lender
- Needs 100% security coverage. Pass
- Dropped the deal citing weak security structure
- Financial Services listed as a negative/excluded sector (×1 · latest )

### Prefers

- OK with end-use of funds for share buyback
- Prefers Private Limited or Public company types, high importance
- Wants more concrete collateral and cash flows
- Concerned company has not scaled much over 17 years
- Flagged small scale of company as a concern
- …more in playbook
- OK with end-use of funds for share buyback
- Prefers Private Limited or Public company types, high importance

### Screening gates and observed behaviour

- Borrower: CIBIL ≥650 · avoid: Gems and Jewellery, Explosives, Arms and Ammunitions, Financial Services (varies by product) · Goa, Gujarat, Maharashtra, Madhya Pradesh, Dadra and Nagar Haveli and Daman and Diu · Private Limited, Public (varies by product)
- Financials: rev ≥₹100cr · TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · maximum annualrevenue: 2000 · debt/networth ≤4 · DSCR ≥1 · networth ≥₹10cr (loan against property, secured term loan only)
- Deal: rate 10–18% (range across products — see matrix) · ticket ₹10–500cr (range across products — see matrix) · tenure 12–120mo (range across products — see matrix) · no PEP
- Security (observed): 1st/pari-passu charge on current assets (100%) · FD margin 10–15% (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (100%) · share pledge ≤51% (50%) · Fixed Deposit <5% (50%) · FD margin 5–10% (50%) · FD margin 15–20% (50%) · FD margin 20–30% (50%) · Personal Guarantee Of Promoters/Directors (50%) · 1st charge on immovable assets (50%) · Escrow Of Cashflows (50%) · 1st charge on P&M (50%)
- median ticket ₹20cr
- median rate 13%
- median turnaround 597d
- Security asked in : Personal Guarantee Of Promoters/Directors (×7), 1st/pari-passu charge on current assets (×6), Fixed Deposit <5% (×6), FD margin 5–10% (×6)
- Security asked in : Personal Guarantee Of Promoters/Directors (×7), 1st/pari-passu charge on current assets (×5), Escrow Of Cashflows (×3), 1st charge on immovable assets (×3)
- Security asked in 2026: 1st/pari-passu charge on current assets (×2), FD margin 10–15% (×2), Personal Guarantee Of Promoters / Directors / Property Owner (×2), share pledge ≤51% (×1)
- share → in-principle approval (initial interest): ≈11d

## Sanctioned terms (from 110 real sanction letters)

### Sanctioned amount: median ₹1 cr (₹2L–₹50 cr) · NEW ×27 · RENEWAL ×1

- median ₹1 cr (₹2L–₹50 cr) · NEW ×27 · RENEWAL ×1

### Typical security: Post-dated cheques / auto-debit mandate ×7, Cheques ×5, Goods, debts and assets ×4, Immovable Property / Real Estate Units ×2, Receivables (Hypothecation) ×2, Current Assets / Receivables ×2

- Post-dated cheques / auto-debit mandate ×7, Cheques ×5, Goods, debts and assets ×4, Immovable Property / Real Estate Units ×2, Receivables (Hypothecation) ×2, Current Assets / Receivables ×2

### Typical covenants: - Other standing covenants — 39% of letters (e.g. "Whether the loan is, or in future may be, subject to transfer to other REs or securitisation: No.")

- Other standing covenants — 39% of letters (e.g. "Whether the loan is, or in future may be, subject to transfer to other REs or securitisation: No.")

### Term sheet by ticket size: (facilities, largest first)

- (facilities, largest first)

## Sanctioned terms (from 100 real sanction letters)

### Sanctioned amount: median ₹1 cr (₹2L–₹50 cr) · NEW ×27 · RENEWAL ×1

- median ₹1 cr (₹2L–₹50 cr) · NEW ×27 · RENEWAL ×1

### Typical security: Post-dated cheques / auto-debit mandate ×7, Goods, debts and assets ×4, Cheques ×3, Receivables (Hypothecation) ×2, Immovable Property / Real Estate Units ×2, Current Assets / Receivables ×2

- Post-dated cheques / auto-debit mandate ×7, Goods, debts and assets ×4, Cheques ×3, Receivables (Hypothecation) ×2, Immovable Property / Real Estate Units ×2, Current Assets / Receivables ×2

### Typical covenants: - Other standing covenants — 41% of letters (e.g. "Whether the loan is, or in future may be, subject to transfer to other REs or securitisation: No.")

- Other standing covenants — 41% of letters (e.g. "Whether the loan is, or in future may be, subject to transfer to other REs or securitisation: No.")

### Term sheet by ticket size: (facilities, largest first)

- (facilities, largest first)

## Common questions

### What does Aditya Birla lend?

Aditya Birla writes cashflow financing, distributor financing, loan against property, loan against securities, overdraft / cash credit, purchase invoice discounting and 4 further products. Across those, observed facilities run ₹50 lakh to ₹20 cr.

### What ticket size does Aditya Birla offer?

Facilities observed on live transactions run from ₹50 lakh to ₹20 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for.

### What rate does Aditya Birla charge?

Rates observed on live transactions fall between 11.5% and 18% a year. Tenures run 6 to 36 months. These are observed figures, not a quote, and the rate you are offered depends on your file.

### How long does Aditya Birla take to disburse?

About 19 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it.

### What are Aditya Birla's eligibility criteria?

The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.

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Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Aditya Birla's current policy.