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    Personal Loan For Paying Off Debt

    Managing multiple debts with different interest rates, due dates, and EMIs can be overwhelming and expensive. A personal loan for paying off debt helps you consolidate all your existing loans—credit cards, personal loans, or other high-interest debts—into a single, manageable EMI.

    This debt consolidation strategy can potentially reduce your overall interest burden while simplifying your monthly financial commitments, giving you better control over your finances.

    Benefits of a 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.

    Information About a Personal Loan For Paying Off Debt


    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.

    How to Apply for a Personal Loan to Pay Off Debt


    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.

    Features of a Personal Loan For Paying Off Debt

    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.

    Eligibility for a Personal Loan For Paying Off Debt

    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.

    Documents Required for a Personal Loan For Paying Off Debt

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

    Document Type

    Required Documents

    Identity Proof

    PAN Card, Aadhaar Card, Voter ID, or Passport

    Address Proof

    Aadhaar Card, Utility Bill, Rent Agreement, or Passport

    Income Proof

    Latest 3 salary slips, Form 16, or IT Returns

    Bank Statements

    Last 3-6 months' bank statements

    Employment Proof

    Employment certificate or offer letter

    Photograph

    Recent passport-size colour photograph

    Get A Personal Loan In A Few Easy Steps

    Applying for a Airtel personal loan has never been easier. Follow these simple steps to quickly complete your application and get your loan disbursed directly into your bank account.

    Mobile screen showing the sign-up step.
    1
    Landing Page + Basic Details
    2
    Eligibility Check
    3
    Offer Selection
    4
    Additional Details, KYC & Selfie
    5
    Bank Details
    6
    KFS & Disbursal

    Landing Page + Basic Details

    Apply Now

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