How to Apply for Airtel Personal Loan in 3 Steps

Airtel company has launched the facility of giving personal loan for its customers. If you are customer of Airtel and you have Airtel Payment Bank account, then you can apply for Airtel personal loan.

Well, if you don’t how you can take personal loan from Airtel Payment Bank? And what are eligibility criteria? then don’t worry we’ll discuss everything in detailed.

Airtel Personal Loan Eligibility Criteria

Airtel Payment Bank has fixed some eligibility criteria for its customer to apply for Airtel loan.

• Your age should be above 18.
• Active savings account in Airtel payment bank.
• You should have good monthly income source.

Documents for Airtel loan

Before doing anything you should always complete your documents because it is very important whenever you apply for loan the bank or lending partner ask for documents to verify you. So you must have at least these documents –

• PAN card
• Aadhaar Card for address
• Bank statement

How to Apply for Airtel Personal Loan

Well if you want to take personal loan from Airtel then you can follow these steps-

1. Airtel Thanks App

First, open Airtel Thanks App in your smartphone

2. Navigate Get Loan

Now navigate to “Get loan” option from the services and click on it

3. Enter details

Next, you have to enter details like loan amount, pin code and loan tenure and click on “Proceed”.

4. Select loan provider

Now, choose any of these loan provider according to your need and click on “Apply”. For example we have selected “krazybee”

5. Accept terms and conditions

Now you have to accept terms and conditions to “Proceed”

6. Login with your number

Now you’ll be redirected to Kreditbee website for further process.

7. Enter your details

Next complete registration and wait for loan approval

8. Get amount

Once your loan approved the amount will be credited to your Airtel Payment Bank.

Also read

• How to take personal loan in easiest way?

Conclusion

That’s it for this post, well Airtel payment bank is a digital bank which provide personal loan with third party loan provider like kreditbee, Cashe. In this post we have discussed everything related to Airtel loan.

Frequently Asked Questions (FAQ) for Applying for an Airtel Personal Loan

General Questions

1. What is an Airtel Personal Loan?

• Answer: An Airtel Personal Loan is a financial product offered by Airtel that provides individuals with funds for personal use, such as home improvement, medical expenses, or debt consolidation. It comes with competitive interest rates and flexible repayment options.

2. Who is eligible to apply for an Airtel Personal Loan?

• Answer: Eligibility typically includes being an Indian resident, aged between 21 and 58 years, having a regular source of income, and meeting the credit score requirements set by Airtel. Specific criteria may vary.

3. How can I apply for an Airtel Personal Loan?

• Answer: You can apply for an Airtel Personal Loan through Airtel’s official website, mobile app, or by visiting an Airtel store. The application process involves filling out an online form and submitting the necessary documents.

Application Process

4. What documents are required to apply for an Airtel Personal Loan?

• Answer: Commonly required documents include:
  • A valid government-issued ID (e.g., Aadhar card, passport)
  • Proof of address (e.g., utility bill, rental agreement)
  • Proof of income (e.g., salary slips, bank statements)
  • Recent passport-sized photographs

5. How long does it take to process an Airtel Personal Loan application?

• Answer: The processing time for an Airtel Personal Loan application typically ranges from a few hours to a few days, depending on the completeness of the application and the verification process.

6. How will I know if my loan application is approved?

• Answer: You will be notified of your loan approval status via email, SMS, or phone call. If approved, you will receive details about the loan amount, interest rate, and repayment terms.

Loan Terms and Conditions

7. What is the maximum loan amount I can apply for?

• Answer: The maximum loan amount varies based on your eligibility, income, and credit profile. Typically, Airtel offers personal loans ranging from a few thousand to several lakhs.

8. What is the interest rate for Airtel Personal Loans?

• Answer: Interest rates for Airtel Personal Loans are competitive and vary based on your credit profile and loan amount. Exact rates will be provided during the application process or upon approval.

9. What is the repayment tenure for an Airtel Personal Loan?

• Answer: Repayment tenures for Airtel Personal Loans generally range from 12 to 60 months, depending on the loan amount and your repayment capacity.

Repayment and Management

10. How can I repay my Airtel Personal Loan?

• Answer: Repayments can be made through various methods such as direct bank transfers, automatic debits from your bank account, or through Airtel’s payment channels, including their mobile app or website.

11. Can I prepay or foreclose my Airtel Personal Loan?

• Answer: Yes, you can prepay or foreclose your loan. However, prepayment or foreclosure charges may apply as per the terms and conditions of the loan agreement. It is advisable to check with Airtel for specific details.

12. What should I do if I miss a loan repayment?

• Answer: If you miss a repayment, contact Airtel’s customer service immediately to discuss options. Delayed payments may attract penalties and affect your credit score, so it’s important to address missed payments promptly.

Customer Support

13. How can I contact customer support for my Airtel Personal Loan?

• Answer: You can contact customer support via Airtel’s helpline number, email, or through their online chat support. Contact details are available on the Airtel website and in your loan documentation.

14. How can I track my loan application status?

• Answer: You can track the status of your loan application through the Airtel mobile app or website by logging into your account. Alternatively, you can contact customer support for status updates.

Security and Privacy

15. How is my personal information protected during the loan application process?

• Answer: Airtel uses advanced encryption and security protocols to protect your personal and financial information. All data shared during the loan application process is confidential and used solely for processing your application.

16. What privacy policies does Airtel follow?

Answer: Airtel adheres to strict privacy policies in compliance with data protection regulations. Their privacy policy details how your information is collected, used, and protected.