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Personal Loan Interest Rates - Airtel Flexi Credit
Looking for a personal loan that will help you sail through all the obstacles? Then, look no further! Airtel Finance offers one of the best personal loan interest rates in the current market. Apply for our personal loan today and use Flexi Credit with easy EMIs. With personal loan interest rates from Airtel Finance starting at 11.5% per annum, it does not get any better.
Interest Rates on Personal Loans
With Airtel Flexi Credit, high interest rates are a story from the past!
Extremely flexibleAirtel Flexi Credit is quite flexible. You can easily choose the personal loan amount, loan tenure and EMI.
Get credit very easilyApply for the Airtel Flexi Credit through a simplified process.
Low interest for allStarting at just 11.5% per annum, Airtel Finance provides personal loans at the most competitive rates.
How to apply for a Personal 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
Features of Personal Loan
With Airtel Flexi Credit you get below
Personal loan amount
₹10,000 to ₹9,00,000
Starting from 11.5% p.a.
Personal loan tenure
03 to 60 months
- Personal loan amount
₹10,000 to ₹9,00,000
- Interest rates
Starting from 11.5% p.a.
- Personal loan tenure
03 to 60 months
- Credit disbursal
Within 24 hours
- No paperwork
- Low processing fee
2% to 4% + GST
FAQs on Personal Loan Interest Rate
What is the meaning of Personal Loan Interest Rate?
How can someone calculate their Personal Loan interest rates?
What is the average rate of interest on a personal loan?
What determines the interest rates on a personal loan?
What is the lowest interest rate available on personal loans? How can I get the lowest interest rate?
Does income play any role in determining the interest rates on a personal loan?
Can I get a low rate of interest even if my credit score is bad?
How do my employment history and experience play a role in determining the rate of interest?
How does my credit score affect my personal loan interest rate?
Are personal loan interest rates fixed or variable?
Can I negotiate for a lower personal loan interest rate?
How do I compare personal loan interest rates from different lenders?
How do I benefit if the interest is calculated on a daily/monthly reducing balance?
Is there any relationship discount on interest rates?
How does a balance transfer help you get a lower interest rate?
What is the difference between APR and interest rates for personal loans?
How does the lender determine my interest rate for a personal loan?
- Lender’s policy
- Credit Score
- Payment history
Does offering collateral help in getting a better interest rate?
A personal loan is an unsecured loan. The borrower doesn’t have to put in any collateral for getting a better interest rate. Maintain a good credit history and payments to ensure you can negotiate a lower interest rate.
Is it possible for banks to change the interest rate during the loan tenure?
Do government employees get special low-interest rates on personal loans?
What is a flat Personal Loan Interest Rate?
What is the interest rate on a personal loan of Rs. 1 lakh?
What is the interest rate on a personal loan of Rs. 3 lakh?
What is the interest rate on a personal loan of Rs. 5 lakh?
What is the interest rate on a personal loan of Rs. 8 lakh?
What are Airtel Finance personal loan interest rates?
Every Airtel Finance personal loan attracts interest rates on the principal loan amount. Similarly, Airtel personal loans also come with their own interest rates. Since Airtel personal loans have multiple lending partners, the interest rates also differ for each lender.
The interest rate is charged on the loan amount and is included in the monthly EMIs. Use the personal loan interest rate calculator to know the EMI amount according to the loan tenure.
How to get the lowest interest rates on a personal loan?
In order to get the lowest interest rates on a personal loan, keep in mind the following factors:
A good credit score and history can help you show the lender that you are worthy of an unsecured loan. A good score says a lot about your creditworthiness. Therefore, if you are planning to take a personal loan, make sure your credit report is clean, doesn’t have any defaults, and your bills are paid on time. A score above 700 is always good to get a personal loan.
Another factor to keep in mind is credit utilization. It basically means that you should use your credit responsibly. As per the experts, you should only use 20-30% of your credit. This factor has a high impact on your total credit score.
If these factors are taken care of, you can negotiate for a lower interest rate on a personal loan. Using payment methods like monthly reducing balance, partial payment, and balance loan transfer can also help you lower your interest amount during the loan tenure.
Factors affecting the rate of interest on personal loan
Personal Loans are unsecured loans. It means the borrower doesn’t have to show any collateral to get the loan. Therefore, these loans attract higher interest rates than secured loans like home or car loans. Other than this, there are many other factors that affect the rate of interest on a personal loan.
Every individual is charged different interest rates by the lender. Here are a few factors that impact the rate of interest:
Every lender has their own policy when it comes to the rate of interest for a personal loan. These policies include a set range of interest rates a lender can charge from the borrower. While some lenders may charge lower interest rates, some may charge comparatively higher rates. Make sure to compare multiple personal loan offers before deciding on one.
Borrower’s credit score
Your credit score helps the lender decide on an interest rate for your personal loan. A higher credit score can get you lower interest rates. Whereas a low credit score might make it difficult to even get a loan or attract comparatively high-interest rates.
The borrower’s income also influences the rate of interest that your personal loan will attract. If you have a high income, you will be considered a low-risk borrower. Therefore, the interest rate for you will be lower. In case, your repayment ability is not good due to low income, you might attract higher interest rates.
Other factors like the past relationship with the lender, economic situation, and employment stability also impact the rate of interest on a personal loan.
What is meant by Reducing Interest Rates on a personal loan?
Reducing interest rates on a personal loan method refers to an interest payment plan where the interest is calculated only on the outstanding amount every month.
- There are two types of interest rates – Flat and Reducing.
- Flat interest rates stay the same for the whole loan tenure. They are calculated on the total loan amount.
- Reducing interest rates every month as they are calculated on each month’s outstanding amount.
- Borrower spends less on interest with the reducing interest rate method.
- Every lender has their own specific policy for flat and reducing interest rates.
Talk to Airtel Finance personal loan lending partners to know their policy about interest rates and apply for an instant personal loan today!