100% digital process
Submit all your details and documents online.
Get Flexi Credit up to ₹9 lakhs ✔️Instant disbursal ✔️100% online process
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You can apply for a personal loan of ₹5 Lakh with Airtel Flexi Credit. The loan application process is fairly simple. There is no paperwork and no hidden costs or fees. Get quick credit approval and credit disbursement to your connected bank account within 24 hours! Airtel Finance provides cheap interest rates, flexible EMI terms, and much more.
Get a loan on your terms. Choose from flexible EMI and tenure options.
Submit all your details and documents online.
Get your Loan application approved!!
Choose the loan tenure and EMI amount as per your need.
Follow the simple steps mentioned below
Find Shop > Airtel Finance
Fill in your basic details
Basis profile verification
Link your bank account
The EMI calculator is essential for managing your financial position with a ₹5 lakh personal loan. Use the personal loan EMI calculator to plan your budget now!
Personal loan amount
Enter the loan amount
Tenure plan
Choose your tenure plan
Rate of interest
Adjust your interest rate
Principal
Interest
With Airtel Flexi Credit, you get
₹10,000 to ₹9,00,000
Starting from 12% p.a.
03 to 60 months
Within 24 hours
No paperwork
2% to 4% + GST
To be eligible for an instant loan, borrowers need to meet some criteria:
The borrower must be at least 18 years old to be eligible for an instant loan.
The borrower must have a stable source of income, such as a salary or business income.
The borrower should have a decent credit score to be eligible for an instant loan.
The interest rate for any personal loan offer with Airtel Flexi Credit starts at 12%.
The repayment tenure varies from 3 to 5 years for ₹5 lakh personal loan.
To apply for a ₹5 lakh personal loan online, use the Airtel Thanks App or go to the Airtel personal loan website. To acquire a ₹5 lakh loan, you must complete a few steps on the Thanks App
A strong credit score and a consistent income record are required to be eligible for ₹5 lakh personal loan. You must be an Indian citizen between the age of 21 and 60.
With personal loans from Airtel Flexi Credit, you may acquire ₹5 lakh personal loan immediately.
You will need to provide your basic information, such as name and address, PAN card number and employment type to get the ₹5 lakh personal loan. You will also need to complete the digital KYC process.
Usually, collateral is not required for ₹5 lakh personal loan.
To calculate your monthly EMI for ₹5 lakh personal loan. You can use the EMI Calculator on the Airtel Thanks App or the Airtel personal loan website.
If you choose to prepay or foreclose your ₹5 lakh personal loan, banks might charge a foreclosure fee usually between 1%-4%.
Presently, there are no special discounts or offers available for ₹5 lakh personal loan.
A strong credit score enhances your chance of getting ₹5 lakh personal loan easily.
Self-employed individuals can apply for ₹5 lakh personal loan. They need to provide bank statements from the last 3-6 months, proof of income, and Income Tax Returns.
The difference in the personal loan application process for people is that salaried individuals need to provide salary slips for the previous three months, whereas self-employed individuals need to provide bank statements for the previous 3-6 months, evidence of income, and Income Tax returns.
If you fail to make an EMI payment, the borrower will charge you a penalty. If you want to pay off your loan early, banks often charge a foreclosure fee ranging from 1% to 4%. It is best to resolve these issues before signing your loan agreement.
Yes, the ₹5 lakh personal loan can be utilised for any purposes, but not on illegal terms.
The lender needs to know that the person borrowing money will be able to repay it. To ensure this, they may recommend purchasing an insurance policy in addition to a personal loan. This helps to guarantee that the borrower will be able to repay the loan.
With Airtel personal loans, there are no hidden fees or charges associated. However, a low processing fee between 2-5% will be charged of the principal amount + GST.
At present, there is no option to negotiate the personal loan interest rate for ₹5 lakh.
If you’re not able to clear the EMI’s on time, then your CIBIL score will be negatively impacted, you could appear in the list of defaulters and also experience legal hassles.
You can choose a tenure of up to 5 years or 60 months for a ₹5 lakh personal loan. However, the tenure could vary from one person to the other.
If you need ₹5 lakh personal loan, use the Airtel Thanks App for a hassle-free application procedure. You may start your loan request with a few taps on your smartphone. A personal loan is a comprehensive answer to your financial problems. Remember that the maximum loan amount you may obtain is determined by your eligibility.
Simply submit your details to receive many loan offers to check for your eligibility. Once you’ve found the best loan offer, you can pick your loan amount and payback time. Your eligibility will determine the maximum loan payback period.
