DMI Finance Personal Loan

Interested? Download the Airtel Thanks app and head to the Shop > Airtel Finance section to start your application for a personal today. Just enter your details including your name, PAN number and get your loan approved within minutes!

Key features and benefits of DMI Finance Personal Loan

A personal loan from DMI Finance can benefit you in several ways. Let’s look at some of these features and benefits:

• Personalized Repayment plan – You can adjust your monthly EMI amount to fit your budget. This will help you to avoid defaulting on your payments.
• Long and Short term loan tenure – The tenure for a personal loan by DMI Finance ranges from 3 to 60 months. You can choose a tenure that fits your financial plans the best.
• Low interest rates – Personal loans usually attract high interest rates because they are unsecured in nature. However, DMI Finance offers personal loans at a comparatively low-interest rate to the applicants. The interest rates go as low as 15%.
  Other than this, you can also benefit from features like minimal documentation and instant approvals.
  Note: These features are best available when you apply for a DMI Finance Personal Loan via Airtel Flexi Credit.

A detailed process on how to apply for a personal loan

Follow the below steps to apply for a DMI Finance personal loan online:

• Download the Airtel Thanks app and launch it on your phone.
• Head to the Shop section and tap on Airtel Finance.
• Now tap on the Personal Loan banner to proceed. You can also check the credit card section to apply for an Airtel Axis Bank Credit Card.
• Enter your basic details in the form.
• A list of personal offers from Airtel lending partners will pop up on the screen. These offers are based on your credit score and previous history with credit.
• Once you see an offer from DMI Finance, tap on it to start the application.
• Fill out the form and hit submit.
• You will be able to see if your application is approved or rejected within minutes.
• If approved, the loan amount will be credited within 24 hours. You will have to complete your e-KYC before that.
• You might need to submit extra documents depending on your case.

How to check the eligibility criteria for a DMI Finance Personal Loan?

It is quite easy to check DMI Finance Personal Loan Eligibility. The below steps will guide you:

• Launch the Airtel Thanks app.
• Head to the Shop > Airtel Finance > Personal Loan section.
• Enter your basic details like name, phone number, and PAN details.
• If you are eligible for DMI Finance Personal Loan, the offer from the DMI with the loan amount and interest rates will pop up on the screen.
• Tap on it to proceed with the application. If you aren’t eligible for a DMI Finance loan, no offers from the lender will be displayed on the app screen.

You can also use the personal loan EMI Calculator to know more.

List of documents required for DMI Finance Personal Loan

The DMI Finance Personal Loan by Airtel Flexi Credit requires minimal documentation from the applicants. You just need to furnish the following two documents:

• PAN Card
• Aadhaar Card
• Bank Statement

Other documents related to income or employment might be asked depending on your case.

Fees and Charges of DMI Finance Personal Loan

The DMI Finance Personal Loan has zero hidden fees. The following fees and charges are charged by the applicant:

• Processing Fee + GST – This is a one-time fee and is deducted from the disbursal amount. If the amount is less than Rs.60,000, then 4% + GST or 600 + GST will be imposed. And, if the amount is higher than Rs.60,000, then 2.75% + GST will be applied.
• Late Payment Fee – If you miss your EMI payments, the lender will charge a late fee or penalty. Currently, the late fee is Rs. 650 + GST.

Contact the lender to know about the exact amount of fees for better clarity.

What is the Personal Loan Interest Rate of DMI Finance?

The Personal Loan Interest Rate of DMI Finance starts as low as 15%. A good credit score and payment history can help you negotiate a low-interest rate.

Why Personal Loan from DMI Finance is a better choice?

A personal loan from DMI Finance is affordable, flexible, and less time-consuming/complex. Users can get a personal loan within minutes from the comfort of their homes and on their own terms. Therefore, a loan from DMI Finance via Airtel Flexi Credit is the best decision to fulfill your financial terms.

Head to the Airtel Finance section in the Airtel Thanks app to explore more about Airtel Flexi Credit and Airtel Axis Bank Credit Card.