Airtel Personal Loan
Get an instant online personal loan up to ₹9 Lakhs through Airtel Finance in a 100% digital process with zero paperwork. This multipurpose Airtel loan caters to your wide range of financial needs, including a dream wedding, travel adventure, urgent medical expenses, higher education, or any other personal requirement. The loan is offered at attractive interest rates as low as 12.75% p.a. for a flexible tenure between 3 and 60 months.
Airtel Finance Loan Details
The key details of the Airtel personal loan are as follows:
| Loan amount | ₹10,000 to ₹9 Lakhs |
|---|---|
| Tenure | 3 to 60 months |
| Interest rate | 12.75% p.a. onwards |
| Processing fee | 2% to 5% + GST |
| Minimum net monthly income | At least ₹25,000 |
| Credit score | At least 650 and above |
| Disbursal TAT | Within 24 hours |
Features & Benefits of Airtel Loan
The key features and benefits of the Airtel Finance loan are mentioned below:
- Online personal loan of ₹10,000 to ₹9 Lakhs.
- Loan tenure as per your needs, between 3 to 60 months.
- Get the loan amount credited to your bank account within just 24 hours.
- If you want an Airtel personal loan apply online in a 100% digital process with zero paperwork.
- This multipurpose loan caters to a wide range of your financial needs, including planning a dream wedding, going on an exciting travel adventure, meeting urgent medical expenses, funding higher education, or any other personal requirement.
- Estimate your monthly EMI Airtel personal loan with the Airtel Finance EMI calculator by providing the loan amount, tenure, and interest rate.
- Repay your personal loan amount from the Airtel Thanks app.
Airtel Personal Loan Interest Rates & Charges
Below are the applicable interest rates and charges on a personal loan availed through the Airtel loan app:
| Interest rate | 12.75% p.a. onwards |
| Processing fee | 2% to 5% of the loan amount + GST |
| Prepayment charges | 1% to 4% of the outstanding loan amount |
| Bounce charges | Up to ₹1,200 |
| Repayment charges | ₹250 to ₹500 |
| Duplicate certificate charges | ₹250 to ₹500 |
| Loan cancellation charges | ₹2,500 to ₹3,000 (applicable after the cooling-off period) |
| Other charges | Late payment, verification, and account closure charges (as applicable) |
Compare Airtel Loan App with Other Loan Apps
Below is the comparison of the Airtel instant loan with other app-based personal loans:
| App | Loan Amount | Rate of Interest | Tenure |
|---|---|---|---|
| Airtel Finance | ₹10,000 - ₹9,00,000 | 12.75% p.a. onwards | 3 months - 5 years |
| Olyv | ₹1,000 - ₹5,00,000 | 1.5% p.m. onwards | 2 months - 2 years |
| TrueBalance | ₹5,000 - ₹2,00,000 | 2.4% p.m. onwards | 6 months - 1 year |
| Anytime Rupee | ₹2,000 - ₹30,000 | 0.1% - 1% per day | 62 - 90 days |
| PayMe | ₹500 - ₹5,00,000 | 1.5% p.m. onwards | 3 - 2 years |
| CASHe | ₹45,000 - ₹3,00,000 | 2.79% - 3% p.m. | 9 months - 1.5 years |
| PayRupik | ₹1,000 - ₹1,00,000 | Up to 36% p.a. | 91 - 365 days |
| PhonePe | ₹5,000 - ₹5,00,000 | 13% - 20% p.a. | Up to 5 years |
| FatakPay | ₹30,000 - ₹5,00,000 | 12% to 35.95% p.a. | 3 months - 3 years |
| Kamakshi Money | ₹1,000 - ₹2,00,000 | 18% p.a. onwards | Up to 3 months |
Airtel Finance Loan Eligibility Criteria
Meeting the following eligibility criteria can get your Airtel personal loan approved easily:
- Minimum age: Applicants must be at least 21 years old at the time of loan application.
- Maximum age: The maximum age of applicants should not exceed 60 years or retirement age (whichever is earlier) on loan maturity.
- Minimum income: The minimum Net Monthly Income of applicants must be at least ₹25,000 for the online application.
- Employment duration: Applicants must have at least 2 years of employment with at least 1 year with the current employer.
- Residential stability: If applicants are living in a rented house, they must have resided there for at least 1 year.
- Credit Score: Applicants must have a credit score of 650 or higher.
Documents Required for Airtel Instant Loan
Below are the personal loan documents required to get a loan from Airtel Finance:
- Selfie
- PAN Card Number
- Aadhaar Card Number
- KYC documents like Passport, Voter ID Card, etc.
- Bank statements from the last 3 months
- Salary slips of the last 3 months
How to Apply for an Airtel Personal Loan Online
If you want an Airtel loan apply from Airtel Finance, simply apply through their app.
- Download the Airtel Thanks app.
- Register yourself on the app.
- Go to the financial services section.
- Apply for your loan from there.
- Provide your personal information, PAN card, and employment details.
- Complete the KYC.
- Get your loan transferred to you in a few minutes.
Airtel Finance Loan Customer Care Details
- Contact: 8800688006
- Email: wecare.financialservices@airtel.in
FAQs
The interest rate of Airtel personal loan starts from 12.75% p.a.
You can get anywhere between ₹10,000 to ₹9 Lakhs from Airten Finance as a personal loan.
Yes, you can apply for an Airtel Personal Loan using the Airtel Thanks app.
The repayment tenure for the Airtel Personal Loan ranges from 3 to 60 months.
You must have a good credit score of 650 and above to be eligible for an Airtel Personal Loan.
Yes, Airtel Personal Loan is available for Airtel as well as non-Airtel customers through the Airtel Thanks app.
Airtel Finance personal loan is disbursed within 24 hours of approval.
Reshma Rawat is a passionate writer, with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra, and writes blogs & webpages on financial products (loans, credit cards, insurance, financial policies by government, mutual funds, etc.
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