Get Flexi Credit up to ₹9 lakhs
✔️Instant disbursal ✔️100% online process
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Instant Personal Loan Online
Say goodbye to strict EMI schedules and non-flexible loan repayment plans with Airtel Finance. No need to wait for days to get your application approved or put effort into producing multiple documents. Just complete your application online for Airtel Personal Loan and get the amount disbursed instantly! Withdraw big or small, choose the EMI amount, and the loan tenure as per your need.
Benefits of Instant Personal Loan
Get a loan on your terms. Choose from flexible EMI and tenure options.
100% digital process
Submit all your details and documents online.Instant Loan approval
Get your Loan application approved!Flexible EMIs and tenure
Choose the loan amount, tenure, and EMI amount as per your need
Apply for an Insta Personal Loan Online
Follow simple steps as mentioned below
Open Airtel Thanks app
Find Shop > Airtel FinanceSelect Flexi Credit
Fill in your basic detailsGet best offer
Basis profile verificationComplete the KYC
Link your bank account
Instant Personal Loan EMI Calculator
Calculate your instant Loan EMIs and interest rate easily using the Instant Loan EMI calculator..
Adjust the tenure and loan amount to know the average interest amount.
Personal loan amount
Enter the loan amount
Tenure plan
Choose your tenure plan
Rate of interest
Adjust your interest rate
Principal
Interest
Instant Loan
Eligibility Criteria
To be eligible for an instant loan, borrowers need to meet some criterion
Age must be above 18
The borrower must be at least 18 years old to be eligible for an instant loan.Stable Income Source
The borrower must have a stable source of income, such as a salary or business income.Minimum Credit Score: 720
The borrower should have a decent credit score to be eligible for an instant loan.
Features of Personal Loan
With Airtel Flexi Credit you get below
FAQs on Instant Loan -
Airtel Personal Loan
What is an Instant Loan?
What are the eligibility criteria for getting an instant loan?
- Stable employment
- Minimum monthly income of ₹15,000 and more (may vary for different lenders)
- Minimum age – 21 years
- Applicant should be salaried or self-employed
There can be additional factors related to credit score, payment history, etc. These differ for every lender.
Can I get an instant loan without a credit score?
What is the maximum amount that I can borrow through an instant loan?
What are the benefits of an instant loan?
What are the features of an Instant Loan?
- Quick approval
- Online Process
- No Collateral required
- Simple Process
- Flexible loan tenure
- Competitive Interest Rates
How long does it take to get an instant loan approved and disbursed?
What are the documents required for applying for an instant loan?
Are instant loans available for self-employed individuals or only for salaried employees?
What is the interest rate for an instant loan?
Is collateral required for getting an instant loan?
Can I prepay my instant loan without any additional charges?
What happens if I am unable to repay my instant loan on time?
- Constant reminders on multiple channels by the lender for payments. If these reminders are avoided, legal action can be taken from the lender’s side.
- Additional Interest is charged on the loan amount increasing your debt burden.
- The credit score will drop, and this will create problems for you in the future if you are planning to take a home loan or a car loan, or even a personal loan.
How can I increase the chances of my loan application getting approved?
- Keep your credit score on the higher side and payments on time.
- Credit Utilization should be under 30% of the total credit approved.
- Debt-to-Income ratio should be balanced.
- Updated address and limited credit inquiries.
Can a businessman opt for an Instant loan?
Can people working as freelancers get Instant loans?
How early can a person get an Instant loan?
Do government employees get special low-interest rates on instant loans?
Check with the financial partner to know more about such case-specific queries about instant loans.
What are the instant Loan Eligibility Criteria for ₹1 lakh?
What are the instant Loan Eligibility Criteria for ₹3 lakhs?
What are the instant Loan Eligibility Criteria for ₹5 lakhs?
What are the instant Loan Eligibility Criteria for ₹8 lakhs?
What is Airtel Flexi Credit Instant Loan?
The Airtel Instant Personal Loan is an unsecured personal loan for short/long terms by Airtel Finance. It is an instant loan that follows a quick application and approval process. It is 100% digital and gets approved within 24 hours. It is ideal for emergencies and personal spends and comes with a flexible repayment tenure.
Eligibility Criteria for Instant Loan
The eligibility criteria for an instant loan are kept simple to fast-track the application process and offer instant approval and disbursal. Since Airtel Personal Loan is offered by multiple financial partners, the eligibility criteria differ for each of them. Here are a few common eligibility parameters:
- Minimum age of the applicant should be 18+ years.
- Maximum age of the applicant should be between 55 to 65 years. (Depends on the lender)
- Type of Employment – The applicant should be salaried or self-employed.
- The minimum monthly income should be above ₹13, 500 or ₹15,000 per month.
If you fulfil the above pointers and produce the relevant documents, your loan will be processed instantly. There can be a few extra parameters set by the lenders.
Key Features and Benefits of Instant Personal Loans
Here are a few features and benefits of Instant Personal Loans:
- Flexible repayment options including prepayment or foreclosure.
- 100% Digital process with zero paperwork.
- Instant approvals are followed by instant disbursals.
- Both long (up to 60 months) and short-term loan tenure is available.
- Option to decide the monthly EMI amount as per monthly financial commitments.
- Multiple loan offers from various financial partners.
- Minimal documentation and easy process.
- Pre-qualified loan offers for Airtel customers.
- Loan offers available up to 9 Lacs.
Fees and charges of Instant Personal Loan
Processing Fees: This fee is levied by the bank or the lender for all the administrative charges incurred by them.
Verification Charges: Many lenders hire third party agencies for the verification of documents and credit score. This cost is known as a verification charge levied by the lenders to the borrowers.
Penalty on Late Payment: This penalty is for those borrowers who don’t pay on the due date. The bank levies penalty charges on such borrowers.
Prepayment Charges: As we all know, the interest rates are what helps lenders make money so if the borrower pays the entire amount of loan before the tenure is over then the bank levies a charge for prepayment.
GST and Other Taxes: These taxes are compulsory and have been levied by the government. Bounce Charges: These charges are levied when an EMI bounces.
Things to consider while applying for Instant Loan
If you have decided to apply for an instant loan, you should keep the following pointers in mind:
- Go for a trusted brand like Airtel Finance for taking an instant loan.
- Compare loan interest rates offered by various financial partners.
- Understand more about processing and penalty fees.
- Learn about foreclosure or prepayment policies and charges from the lender.
- Choose a personal loan EMI amount that doesn’t hamper your monthly budget.
- Keep your documents ready and payments on time for instant loan approval.
Things to Avoid while applying for Instant Loan
Here are a few things you should avoid while applying for an instant loan:
- Don’t take a hasty decision for taking out the loan.
- Apply for a loan only when you definitely need it.
- If it is pre-decided to take out a loan, keep your credit score and payment history in check.
- Don’t apply for a loan from lesser-known financial startups or companies.