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    Personal Loan of ₹5 lakh

    You can apply for a personal loan of ₹5 Lakh with Airtel Flexi Credit. The loan application process is fairly simple. There is no paperwork and no hidden costs or fees. Get quick credit approval and credit disbursement to your connected bank account within 24 hours! Airtel Finance provides cheap interest rates, flexible EMI terms, and much more.

    Apply Now

    Benefits of 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 tenure and EMI amount as per your need.

    How to apply for ₹5 lakh Loan?

    Follow the simple steps mentioned below

    Open Airtel Thanks App

    Find Shop > Airtel Finance

    Select Flexi Credit

    Fill in your basic details

    Get best offer

    Basis profile verification

    Complete the KYC

    Link your bank account

    Apply Now

    ₹5 lakh Personal Loan EMI Calculator

    The EMI calculator is essential for managing your financial position with a ₹5 lakh personal loan. Use the personal loan EMI calculator to plan your budget now!

    Loan Amount ₹50,000
    ₹50,000
    ₹50K₹10L
    Interest Rate 10%
    10%
    5%20%
    Tenure 1 Year
    1 Year
    1Y5Y
    Get Instant Personal Loan in 30 Mins*!

    Features of ₹5 lakh Personal Loan

    With Airtel Flexi Credit, you get

    Personal loan amount

    ₹10,000 to ₹9,00,000

    Interest rates

    Starting from 12% p.a.

    Personal loan tenure

    03 to 60 months

    Credit disbursal

    Within 24 hours

    100% online

    No paperwork

    Low processing fee

    2% to 4% + GST

    ₹5 lakh Loan Eligibility Criteria

    To be eligible for an instant loan, borrowers need to meet some criteria:

    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

    The borrower should have a decent credit score to be eligible for an instant loan.

    Other related pages that you might be interested in

    Personal Loan Instant Personal Loan
    Personal Loan EMI Calculator Personal Loan Interest Rates
    Personal Loan Application Personal Loan Eligibility

    FAQs on 5 lakh Personal Loan

    View More

    Personal Loan Lending Partner - Airtel Flexi Credit

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    Get ₹5 lakh Personal Loan

    If you need ₹5 lakh personal loan, use the Airtel Thanks App for a hassle-free application procedure. You may start your loan request with a few taps on your smartphone. A personal loan is a comprehensive answer to your financial problems. Remember that the maximum loan amount you may obtain is determined by your eligibility.

    Simply submit your details to receive many loan offers to check for your eligibility. Once you’ve found the best loan offer, you can pick your loan amount and payback time. Your eligibility will determine the maximum loan payback period.

     

    H3 – Eligibility Criteria for ₹5 lakh Personal Loan


    The eligibility criteria for obtaining a ₹5 lakh personal loan are as follows:

    1. Minimum Age required: You need to be at least 21 years of age.

    2. Stable Income: A stable source of income is necessary. Salaried individuals should possess a decent work history whereas self-employed ones must have a steady flow of revenue.

    3. Earnings: You must secure your earnings as a guarantee that you will be able to repay the loan in time.

    4. A high credit score: A high credit score denotes that you are not a defaulter in terms of payments and increases your chances of securing a loan.

    5. Indian Origin: You must be a resident of India in order to be able to apply for ₹5 lakh personal loan.


     

    H3 – How to apply for ₹5 lakh personal loan?


    Get these steps done to apply for ₹5 lakh loan on the Airtel Thanks App-

    •     Step 1: Download the Airtel Thanks App on your smartphone.

    •     Step 2: Login using your mobile number.

    •     Step 3: Fill in your PAN number.

    •     Step 4: Fill in your bank details to receive your loan.

    •     Get your instant personal loan amount credited immediately.


    H3 – To apply for ₹5 lakh personal loan on the Airtel website follow these steps:

    •     Step 1: Navigate to the Airtel Personal Loan website.

    •     Step 2: Go down to find the QR code to initiate your loan application.

    •     Step 3: Scan the code.

    •     Step 4: Now QR code will take you to the Airtel Personal Loan page.

    •     Step 5: Start your application by filling in your personal information.

    •     Step 6: Enter your PAN and Aadhaar number.

    •     Step 7: Verify the details you have entered.

    •     Step 8: You will immediately see the loan offers you are eligible for. If not, your online personal loan application will be rejected.

    •     Step 9: Now pick one of the loan offers and proceed further.

    •     Step 10: Finish the KYC process.


    H3 – Key Features and Benefits of ₹5 lakh Personal Loans


    Now some of the key features of the ₹5 lakh personal loan:

    •     Receive flexi credit of ₹10,000 to ₹9,00,000.

    •     12% rate of interest.

    •     3 to 60 months personal loan tenure.

    •     Credit disbursal within 24 hours.

    •     The entire procedure is paperless.

    •     Low processing fee of 2% to 5% + GST.


    H3 – Benefits of the ₹5 lakh personal loan:

    •     Adjust your loan amount, term, and EMI to meet your needs.

    •     Easy money transfer directly to your account.

    •     Cashless transaction process.


    H3 – Key Documents Required to Apply for ₹5 lakh Personal Loan


    Let’s have a look at the key documents required to apply for ₹5 lakh personal loan:

    •        Your name, address, PAN card number, and Aadhar Card details.


    •        Information about jobs.


    •        Information about your bank account


    H3 – Fees and Charges for ₹5 lakh Personal Loan


    The processing charge for Airtel Flexi Credit’s ₹5 lakh personal loan ranges from 2% to 5%, including GST. Failure to pay monthly EMI results in a penalty, and if you want to pay off your loan early, banks may charge a foreclosure fee ranging from 1% to 4%. It is best to discuss these conditions before submitting a loan application.

    H3 – What is the Interest Rate of ₹5 lakh Personal Loan?


    Airtel Flexi Credit lending partners provide personal loans with interest rates as low as 12%. The Airtel Thanks app will calculate an interest rate for you based on your eligibility, credit score, and other factors. You may use the personal loan EMI calculator to calculate your monthly payment depending on the loan length and interest rate.

    H3 – Things to Avoid while Applying for ₹5 lakh Personal Loan



    •     Applying to several lenders: Applying for many loans in a short period may severely damage your credit score.

    •     Failure to pay credit card bills on time: If you have other short term loans or a credit card with a big debt, your loan application will most likely be declined. EMIs and credit card fees reduce your take-home earnings. To get approved for a personal loan, keep your credit use to a minimum.


    ·      Ignoring your ability to repay your loan: Check to see if the overall decrease in interest expenses outweighs any prepayment penalties imposed by your lender, if any.

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