Personal loan amount
₹10,000 to ₹9,00,000
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When navigating the Airtel Loans plan, get all the information about the additional fees and charges crucial for informed financial decisions from our website/ Thanks App. From processing fees to penalty charges, being aware of the various costs associated with personal loans is essential.
With Airtel Loans, high-interest rates are a story from the past!
|
Fee/Charge |
Description |
|---|---|
|
Late Payment Fee |
A penalty imposed for failing to remit payment by the specified due date on a loan or credit account. |
|
Loan Origination Fee |
A charge by lenders for processing a new loan application, typically expressed as a percentage of the loan amount. |
|
Prepayment Penalty |
A fee incurred for settling a loan prior to the agreed-upon term, intended to recover lost interest for the lender. |
|
Returned Payment Fee |
A charge for a payment that cannot be processed due to insufficient funds or other reasons. |
|
Account Closure Fee |
A fee applied when closing an account, particularly if done within a specified time frame after opening. |
|
Interest Rate |
The percentage charged on borrowed funds, representing the cost of borrowing over time. |
|
Processing Fees |
Charges associated with the administrative costs of processing a loan application. |
|
Verification Charges |
Fees related to the verification of personal information or documentation as part of the loan approval process. |
|
Bounce Charges |
Fees incurred when a payment (such as a check) is returned due to insufficient funds. |
|
Penalty Charges/Defaulting Fees |
Fees levied when a borrower fails to meet their payment obligations or defaults on a loan. |
|
Prepayment Charges |
Fees applied for settling a loan before the established term, which may be imposed by some lenders. |
|
Repayment Charges |
Fees associated with making a payment on a loan, which may apply to certain repayment methods. |
|
Loan Cancellation Charges |
Fees imposed if a borrower cancels a loan after approval but prior to disbursement. |
Follow the simple steps mentioned below:
Find Shop > Airtel Finance
Fill in your basic details
Basis profile verification
Link your bank account
With Airtel Loans, you get
₹10,000 to ₹9,00,000
Starting from 11.5% p.a.
03 to 60 months
Within 24 hours
No paperwork
2% to 5% + GST
Processing fees for Airtel Personal Loans from Airtel Finance typically range between 0.25% to 3% of the loan amount, varying among lenders. These may include application fees and administrative costs incurred by the lenders.
Throughout our lives, many of us encounter situations where securing a loan becomes essential, whether it’s to pursue personal aspirations or professional endeavours. From acquiring a student loan for further education, to obtaining a personal loan for significant life events such as weddings, home renovations, purchasing a car, or unforeseen medical emergencies, the need for financial assistance is diverse and ever-present. But it is important to know all the loan charges and fees included with the fund so that you may make a sound and knowledgeable decision.
Types of Personal Loan Fees |
Applicable Charges |
| Interest Rate | Between 11.5% – 38% |
| Processing Fees | Between 2% – 5% |
| Verification Charges | Levied as per third-party firm charges |
| Bounce Charges | Up to ₹ 1200 |
| Penalty Charges/Defaulting Fees | Between 2%-8% (May differ from bank to bank) |
| Prepayment Charges | Different types of loans have different charges (4-5% approximately) |
| Repayment Charges | ₹ 250- 500 |
| Loan Cancellation Charges | 0 charges before cooling-off period, ₹ 2500-3000 after the cooling of-period |
| Duplicate Certificate Charges | ₹ 250- 500 |
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