Rs. 5 Lakh Personal Loan

The ₹5 lakh personal loan interest rate with Airtel Flexi Credit starts from 12% per annum. The ₹5 lakh personal loan charges include a processing fee ranging from 2% to 4% plus GST. Credit disbursal is completed within 24 hours after approval. 

For example, if you borrow ₹5 lakh at 12% annual interest for 36 months, your monthly EMI would be around ₹16,600, depending on the tenure and final rate. 

Additional costs such as late payment or foreclosure charges may apply, generally between 1% and 4%, as stated in the lender’s terms. All details related to interest, tenure, and charges are displayed transparently during the digital loan process, enabling applicants to choose repayment options suited to their profile before final confirmation.

To qualify for a ₹5 Lakh personal loan with Airtel Finance, applicants must meet the following ₹5 Lakh personal loan eligibility requirements:

• Age: Minimum 18 years at the time of application.
• Residency: Must be an Indian resident.
• Income: A stable source of income, either salaried or self-employed.
• Credit Score: A good credit record is required for approval.
• Employment Stability: Consistent job or business history supports eligibility.
• Documentation: Valid PAN, Aadhaar, and bank details are required for KYC verification.

Meeting these criteria helps applicants receive faster digital approval and loan disbursal within 24 hours.

The ₹5 Lakh personal loan EMI calculator helps applicants estimate their monthly repayment before applying. To use it, enter the loan amount, interest rate, and preferred tenure to view the EMI instantly. This tool helps applicants plan their budget by showing how changes in tenure or rate affect repayment. 

Using the EMI calculator promotes informed financial decisions, allowing applicants to select a repayment plan that matches their income and commitments. Airtel Finance’s digital EMI calculator provides clear results within seconds, helping applicants maintain financial discipline and manage their loan efficiently throughout the repayment period.

Applicants must submit the following documents required for a ₹5 Lakh loan to complete verification and processing with Airtel Flexi Credit:

• Identity Proof: PAN card and Aadhaar card for KYC verification.
• Address Proof: Aadhaar, passport, or utility bill showing current residence.
• Income Proof: Latest salary slips, bank statements, or income tax returns for self-employed individuals.
• Employment Details: Confirmation of employment or business ownership.
• Bank Account Information: Linked bank account for credit disbursal.

These documents support quick validation, helping applicants complete their personal loan process smoothly through Airtel’s 100% digital platform.

A personal loan amortisation schedule represents the full repayment structure of a loan, showing how each EMI is split between interest and principal over time. During the initial phase, a larger portion of the EMI goes towards interest, while the principal repayment gradually increases as the balance reduces. Reviewing the loan repayment schedule helps applicants track progress, plan early repayments, and manage finances effectively.

Below is an example for a ₹5 lakh personal loan at 12% interest per annum over 24 months:

This repayment pattern shows how interest costs decline and principal repayment increases over time. Understanding this structure helps applicants make better decisions regarding tenure selection or prepayment to reduce overall interest costs.

Airtel Flexi Credit provides convenient and fast access to funds with key benefits designed for diverse financial needs.

• Instant Approval and Disbursal: Loan credited within 24 hours after approval.
• 100% Digital Process: No physical paperwork or branch visits required.
• Flexible Tenure: Choose repayment from 3 to 60 months.
• Competitive Interest Rate: Starting from 12% per annum.
• Transparent Costs: Low processing fee between 2% and 4% plus GST.
• Convenient Budget Planning: The ₹5 Lakh EMI breakup helps applicants calculate repayment easily and manage monthly commitments efficiently.

A ₹5 lakh personal loan from Airtel Flexi Credit can be applied to a wide range of financial needs. Below are some of the most common personal loan uses:

• Medical Emergencies: Quick funds for hospital or healthcare expenses.
• Education: Cover tuition fees or professional course costs.
• Home Renovation: Upgrade, repair, or refurbish your home.
• Travel: Finance domestic or international trips with ease.
• Debt Consolidation: Combine multiple repayments into one manageable EMI.
• Weddings and Events: Manage large personal or family occasions smoothly.

The main reasons to take a personal loan include flexibility, fast approval, and no collateral requirement that makes it suitable for both urgent and planned financial goals.

Airtel Flexi Credit offers a quick and simple way to apply for a personal loan through its digital platform. Follow these steps to complete your personal loan application process:

1. Download the Airtel Thanks App.
2. Log in using your registered mobile number.
3. Go to Shop → Airtel Finance → Flexi Credit.
4. Enter your basic details, including PAN and bank information.
5. Submit KYC documents digitally for verification.
6. Review loan offers based on your profile and choose the suitable one.
7. Confirm and receive disbursal directly to your linked account within 24 hours.

This online personal loan application is completely paperless and convenient, allowing applicants to secure an instant loan online with minimal effort and quick approval.