Airtel Payments Bank Personal Loan
Airtel Payments Bank offers a personal loan of up to Rs.9 lakhs to its customers at an affordable interest rate of 11.5% p.a. The loan procedure involves zero-paperwork and instant disbursal of loan amount, making the overall process convenient during emergencies. The loan offered by the bank can be used for various purposes, like weddings, education, maternity, debt consolidation, and any other unexpected events. Read on to know more about the features, benefits, eligibility criteria, application process and other details related to Airtel Payments Bank personal loan.
Features and Benefits of Airtel Payments Bank Personal Loan
The features and benefits of Airtel Payments Bank personal loan are as follows:
- Digital Processing: The loan application process at Airtel Payments Bank is completely digital and involves zero paperwork.
- Instant Disbursal: If you are an eligible applicant with complete application form, your loan will get approved quickly and loan amount will get disbursed instantly.
- Flexible Repayment Option: You can choose your repayment tenure based on your need and financial capacity.
- Low Processing Fee: The Airtel Payments Bank charges a low processing fee of 2% up to 4% of the loan amount, which makes borrowing the loan affordable.
Eligibility to Apply for a Personal Loan at Airtel Payments Bank
The eligibility criteria to apply for Airtel Payments Bank personal loan are as follows:
- The applicant should have completed at least 18 years of age.
- The applicant should have a good credit score.
- The applicant should have a stable income source.
Documents Required to Apply for a Personal Loan at Airtel Payments Bank
The documents required to apply for Airtel Payments Bank personal loan are as follows:
- Identity Proof: PAN card, Aadhaar card, Voter ID, etc.
- Address Proof: Water Bill, Electricity bill, Aadhaar card, PAN card, Ration card, etc.
- Income Proof: Income Tax Return, Salary slips (last six months), bank passbook, etc.
- Multiple copies of passport-sized photographs.
Note: The documents mentioned above are in general, and you may be requested to submit additional documents based on internal policies.
How to Apply for Airtel Payments Bank Personal Loan Online?
Follow the steps given below to apply for a personal loan at Airtel Payments Bank:
Step 1: You will have to visit the bank’s official website and navigate to the personal loan section.
Step 2: Click on ‘Apply Now’ tab present on the personal loan page.
Step 3: You will be redirected to a new page, where you need to provide the required details, such as name, mobile number, address, email ID, etc.
Step 4: Click on the ‘Submit’ button to complete the process.
How to Apply for Airtel Payments Bank Personal Loan Offline?
You need to visit the nearest branch of Airtel Payments Bank to submit an offline application for a personal loan. You need to submit an application form along with the required documents at the branch to complete your loan application process.
FAQs on Airtel Payments Bank Personal Loan
- What is the maximum amount of personal loan offered by Airtel Payments Bank?
The maximum amount of personal loan offered by Airtel Payments Bank is Rs.9 lakhs.
- How much is the maximum repayment tenure of personal loan offered by Airtel Payments Bank?
The maximum repayment tenure of personal loan offered by Airtel Payments Bank is 60 months.
- What are the documents required to apply for a personal loan at Airtel Payments Bank?
You need to submit documents like Aadhaar card, PAN card, salary slips, passport-sized photographs, etc. to apply for a personal loan at Airtel Payments Bank.
- For what purposes can a personal loan be used?
A personal loan can be used for various purposes, like medical emergencies, weddings, family events, travel, or any other unforeseen circumstances.
- How much is the processing fee for Airtel Payment Bank personal loan?
The Airtel Payment Bank charges a processing fee of 2% up to 4% of the loan amount plus taxes.
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