Personal Loan For Paying Off Debt

Consolidating your debts with an Airtel Finance Personal Loan brings several practical advantages:

• Lower interest rates

Enjoy lower rates compared to credit card debts, helping you save significantly on interest payments.

• Simplified repayments

Replace multiple payment dates with a single EMI, reducing the chances of missed payments and late fees.

• 100% digital process

Apply from the comfort of your home with instant approval and quick disbursal within 24 hours.

• Flexible tenure options

Choose repayment terms ranging from 3 to 60 months as per your budget and capacity.

• Quick disbursal

Funds are transferred to your account within 24 hours of approval.

Airtel Finance offers personal loans up to ₹9 lakh specifically designed to help you consolidate and pay off existing debts. With competitive interest rates starting at 12.75% , our personal loan for paying off debt often comes at significantly lower rates than credit cards (which typically charge 24-48% annually).

The completely digital application process ensures quick approval without lengthy paperwork, and funds are disbursed within 24 hours directly to your bank account, allowing you to immediately settle your high-interest debts.

You can apply for a personal loan instantly through the Airtel Thanks app by following these steps:

Step 1: Download the Airtel Thanks app

Open the Airtel Thanks app on your smartphone and navigate to the finance section.

Step 2: Select a personal loan

Choose the personal loan option and select the loan amount between ₹10,000 to ₹9,00,000.

Step 3: Fill out the application form

Enter your personal and income details accurately in the application form.

Step 4: Upload documents

Submit the required documents, such as ID proof, address proof, and income proof, through the app.

Step 5: Get instant approval

Receive instant approval and get the loan amount disbursed to your bank account within 24 hours.

Various key features of a personal loan for paying off debt are as follows:

• High loan amount
  Borrow up to ₹9,00,000 to consolidate multiple debts into one manageable loan.
• Competitive interest rates
  Interest rates start at 12.75% with transparent pricing and no hidden charges.
• Flexible tenure options
  Choose a repayment tenure from 3 to 60 months based on your financial comfort.
• 100% digital process
  Complete application, approval, and disbursal without visiting any branch.
• Instant approval
  Get loan approval within minutes through our automated assessment system.
• Quick disbursal
  Receive funds in your bank account within 24 hours of approval.

To qualify for a personal loan for paying off debt, you need to meet these simple personal loan eligibility criteria:

• Age: Between 21 to 60 years (should not exceed 60 at loan maturity).
• Income: Minimum net monthly income of ₹25,000 from all sources.
• Employment: At least 2 years of total work experience.
• Current Work: Minimum 1 year with current employer or consistent income source.
• Residence: At least 1 year at the current residential address.
• Credit Score: Minimum 650 credit score for better approval chances.
• Nationality: Indian resident with valid identity documents.

Here are the documents required for a personal loan for paying off debt: