Do you want to know how to get a loan from Airtel? Airtel has launched Airtel Payments Bank for its customers. It provides banking facilities such as opening an account, depositing money, transferring money, and withdrawing cash. In addition to these services, you may also be able to access a personal loan through Airtel Payments Bank.
To apply for a loan through Airtel, you need to use the Airtel Thanks App. With this app, you can explore personal loans, credit cards, insurance, and gold loans. In this article, we explain the complete process for applying for a loan through Airtel.
If you trust reputed companies such as Google Pay, you may also be able to apply for a loan through it. PhonePe and BharatPe also provide online loan services. If you have a debit card, you can also learn about getting a loan against a debit card.
Documents Required for an Airtel Payments Bank Loan
You need the following documents to apply for a loan through Airtel:
- Aadhaar Card
- PAN Card
- Salary Slip
- Bank Passbook
- Six months of bank statements
- Email address and mobile number
- Passport-size photograph
Interest Rate on an Airtel Personal Loan
Interest rates are one of the most important things to check before taking any loan. If you apply for an Airtel personal loan, the interest rate may range from 17% to 59.99%. A ₹1,500 processing fee may also apply. Always confirm the applicable interest rate, fees, and repayment terms before accepting the loan. A high interest rate can make repayment difficult.
Airtel Loan Tenure
Loan tenure is the period provided to repay the borrowed amount. An Airtel personal loan may have a repayment period of up to three years, or 36 months. You must repay the loan with interest within the agreed period. Delayed repayment may result in penalties and can affect your credit profile.
Airtel Loan Eligibility Criteria
If you want to apply for a loan through Airtel Payments Bank, you must meet the lender’s eligibility requirements. The commonly listed criteria are:
- You must be a citizen of India.
- The applicant must be at least 21 years old.
- The applicant should have an account with Airtel Payments Bank, where required by the lending partner.
- The applicant should have a good CIBIL score.
- The applicant should have a source of income.
- For a higher loan amount, ITR documents and GST bills may be required.
Types of Loans Available Through Airtel Payments Bank
- Personal loan
- Gold loan
- Home loan
- Education loan
- Car loan
- Business loan
How to Get an Airtel Loan: Apply Online Step by Step
- First, download and install the Airtel Thanks App from the Google Play Store.
- After installing the app, enter your mobile number, verify it with the OTP, and create your account.
- Open the app after creating your account and tap the Shop option.
- After opening Shop, tap the Financial Services option.
- When the Financial Services section opens, you will see several services. Tap the Personal Loan option.
- Select the loan amount you want to apply for.
- Tap the Start Your Application button. Read the terms and conditions carefully, then tap Proceed.
- Airtel Payments Bank will redirect you to the official website of its lending partner. The partner company—not Airtel itself in every case—may provide the loan.
- An OTP will be sent to your mobile number. Enter it to verify your application.
- After verification, a form will open. Enter basic information such as your name, address, mobile number, parents’ names, gender, and other requested details.
- Submit the completed form. You will then be shown the approved loan amount, interest rate, and repayment schedule, subject to the lender’s decision.
- Enter the details of the Airtel Payments Bank account into which you want to receive the loan amount, if permitted by the lender.
- Your application will be reviewed. If it is approved, the amount may be credited to your account after the lender completes its checks.
Airtel Payments Bank Customer Care Number
If you face any problem while applying for an Airtel Payments Bank loan, you can contact customer care for assistance. Support may be available in Hindi and English.
- Call Center for Airtel customers: 400
- For other operators: 8800688006
- Email: wecare@airtelbank.com
FAQs: Frequently Asked Questions
Here are answers to some common questions about getting a loan through Airtel Payments Bank.
Q. Does Airtel Payments Bank provide loans?
Q. What is the interest rate on an Airtel loan?
Q. How can I get a loan through Airtel Payments Bank?
Conclusion
In this article, we explained how to apply for a loan through Airtel Payments Bank. Before applying with any bank or financial institution, verify the lender, interest rate, processing fee, repayment schedule, and other terms carefully. Apply only after assessing your repayment ability and making an informed decision.
Read Also 👇
- How to Get a Loan from BharatPe?
- How to Get a Personal Loan from Paytm?
- How to Get a Loan from True Balance?
- How to Get an Education Loan?
- How to Get a Loan from UCO Bank?
- How to Get a Loan from PhonePe?
- How to Get a Jio Data Loan?
This topic may also help: UCO Bank Loan
