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Short Term Loans

Airtel Personal Loans also offers short-tenure loans to users who are looking for a quick and flexible way to get financial assistance. Choose your own credit amount and EMI repayment options so that paying back your short-term loan is effortless. Now get credit with low interest rates approved in an instant, with Airtel Personal Loan.

Benefits of Short-Term Personal Loan

Get a loan on your terms. Choose from flexible EMI and tenure options.

  • 100% digital process Submit details online

  • Instant Loan approval Get approval in mins!

  • Flexible EMIs and tenure Choose your tenure & EMI

How to apply for a Short term 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

Short Term Loan EMI Calculator

Calculate your Short Term Loan EMIs and interest rate easily using the Short Term Loan EMI calculator. Adjust the tenure and loan amount to know the average interest amount.

Short Term Loan amount
Enter the loan amount


Tenure plan
Choose your tenure plan


Rate of interest
Adjust your interest rate






Features of Short term Loan

With Airtel Flexi credit you get below

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  • 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
    100% online
  • Low processing fee
    2% to 4% + GST

Short term Loan Eligibility Criteria

One must be between 21 to 65 years of age to be eligible for a short term loan.

  • Flexible employment type

    Short term personal loans from Airtel Personal Loan are available for salaried and self-employed individuals
  • Monthly income criteria

    Anyone with a monthly income of ₹13,500 or more can apply
  • Short term loan limit

    If you are looking for a loan between ₹10,000 to ₹9,00,000, then Airtel Personal Loan is perfect for you!

Short Term Loan- FAQs

What are short term loans?

Short term loan is a type of loan that is borrowed for a short period of time, usually less than a year. In India, short term loans are often used by individuals and businesses to cover unexpected expenses or cash flow gaps. However, it is majorly opted by businesses for temporary finance business requirements. With Airtel Personal Loan, you can apply for a short term loan in a few seconds and get it in a few minutes after approval. The process is completely online and hassle-free via the Airtel Thanks app.

What is the loan amount that is given for short term loans?

The loan amount for short term loan can vary depending on the lender and the borrower's creditworthiness. Normally, short term loans are offered for smaller loan amounts compared to long-term loans. For individuals, short term loans in India may range from a few thousand rupees to a few lakhs depending on the borrower's income, credit score, and purpose of the loan. However, for businesses, short term loans in India may range from a few lakhs to several crores, depending on the size and type of business.

How do I repay my Airtel Personal loan amount?

The repayment process for short term loans varies depending on the lender, the money borrowed and the loan agreement. However, majorly, short term loans are repaid through EMIs, which consist of both principal and interest payments. In many cases, the borrower may be required to provide post-dated cheques or authorise the lender to deduct the EMI amount from their bank account on a specific date each month. Airtel Personal Loan provides you with a flexible plan of repayment, which adds to your convenience.

Is there any collateral needed for a short term loan?

No, short term loans are unsecured loans, thus, they don’t require any collateral. However, in some exceptional cases, the lender may consider this option.

What is the tenure for a short term loan?

The tenure for a short term loan can vary depending on the lender and the money borrowed. However, as the name suggests, short term loans are provided for a shorter period of time, ranging from a few months up to 18 months.

What are the interest rates offered by Airtel Personal Loan for short term Loans?

The interest rates for short term loans vary depending on the lender, the borrower's creditworthiness, the loan amount and the repayment period. However, majorly, short term loans come with higher interest rates as they have shorter repayment period and increased risk for the lender. The interest rate for Airtel Personal Loan starts from 11.5%. Before applying, read the terms carefully.

How to apply for a short term loan?

With Airtel, you can apply for short term online in a few simple steps:

Step 1: Download the Airtel Thanks app and login using your mobile number.
Step 2: On the app, go to the loans section and apply for one.
Step 3: Enter PAN details to get the best offer.
Step 4: Now, enter bank details to receive the loan amount.

What are the eligibility criteria to avail of a short term loan?

The eligibility criteria to apply for a short term loan may differ from lender to lender, however, the standard one is as follows:

. The applicant should be an Indian citizen.
. The applicant’s age must be between 21 to 60 years.
. The applicant should be employed or salaried in a reputed firm.
. The applicant should be earning a minimum salary amount that is different for each state and lender

What are the pros of short term loans?

There are several pros of short term loans, let us count some:

Quick approval and disbursal: Short term loans are typically approved faster sometimes within a few hours. This can be helpful in case of emergency expenses or unexpected cash flow issues.
No collateral required: The majority of short term loans do not require any collateral, which makes it easy to get for most individuals and businesses.
Improve credit score: Timely repayment of short term loans can help improve the borrower's credit score.
Flexible repayment options: Short term loans may offer more flexible repayment options compared to other types of loans, which allows borrowers to repay the loan in smaller instalments or in lump sum amounts as per their financial situation.

What is the penalty for delay in clearing short term loans?

The penalty condition can differ from lender to lender depending on several factors. However, many banks charge early repayment penalties of up to 2-3% of the principal amount outstanding and the penalty for late payment is usually between 1% and 2% of the EMI.

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Airtel Flexi Credit

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What is a short term loan?

It is a type of loan that is designed to be repaid in a relatively short period of time, typically within a few months to a year. The loan provides the borrower with quick access to funds to meet urgent or unexpected financial needs. Short term loans can be useful for individuals or businesses that need to cover unexpected expenses or manage cash flow issues, and they are often used for things like paying bills, covering payroll, or purchasing inventory.

Eligibility Criteria for a short-term loan

In order to apply for an Airtel short tenure loan online, you need to fulfil the eligibility criteria mentioned below:

  • The age of the applicant must be between 21 to 60 (for some cases the upper age can be 65) years.
  • The indiviudal should be either salaried or self-employed.
  • Minimum monthly income should be more than ₹13,500 or ₹15,000 depending on the lender.

Advantages of Short Term Loan

Quick Disbursal of Funds: Short term loans typically get approved quickly, providing borrowers with an immediate access to the funds they need.

Temporary Financial Relief: These loans are ideal for taking care of temporary financial gaps or emergencies, offering immediate relief until you get your paycheck.

Minimal Documentation: Compared to long-term loans, short term loans often require less paperwork and documentation, streamlining the application process.

Flexibility: Borrowers have the flexibility to choose the loan amount and repayment period that best suits their needs, allowing for customised financial solutions.

No Long-Term Commitment: Short term loans do not bind borrowers to long-term repayment schedules, allowing them to repay the loan quickly.

Improves Credit Score: Successfully repaying a short term loan on time can positively impact a borrower's credit score, demonstrating responsible financial behaviour to lenders.

Lower Interest Rates: In some cases, short term loans may have lower interest rates compared to long-term loans, resulting in less overall interest paid over the loan term.

Types of Short Term Loan

Payday Loans: You can get cash advances based on your upcoming pay check/salary and are typically repaid on the borrower's next payday.

Cash Advances: Similar to payday loans, you get cash advances that offer quick access to cash, often through credit cards or lines of credit, with repayment expected within a short period.

Installment Loans: These loans allow you to repay the loan amount in fixed installments over a short term, typically ranging from a few months to a year.

Lines of Credit: You can access funds up to a predetermined credit limit and repay the borrowed amount with interest over a short period, similar to a credit card.

Invoice Financing: Businesses can obtain short term financing by selling outstanding invoices to a lender at a discount, providing immediate cash flow while waiting for invoice payments.

Merchant Cash Advances: Ideal for businesses, these advances provide a lump sum of cash in exchange for a percentage of future credit card sales, with repayment based on daily or weekly sales volume.

Factors affecting short term loans

There are several factors that can impact an individual's eligibility for a short term loan. Here are some of the most common factors:

Credit Score: A good credit score can increase the chances of being approved for a short term loan. We at Airtel, use credit scores to assess a borrower's creditworthiness and ability to repay the loan.

Income: The lender may consider an individual's income to determine if they can repay the loan. Debt-to-income ratio: An individual's debt-to-income ratio which is the amount of debt owed compared to income earned, to determine if they have the ability to repay the loan is considered.

Loan purpose: The purpose of the loan may also impact eligibility. The lender may require a specific loan purpose, such as for business expenses or education.>

Features of short term loan

Convenient: Airtel short tenure loans are accessible through the Airtel Thanks app and mobile browser. This makes it easy and convenient for borrowers to apply for short tenure loans and manage their loans. Fast disbursal: Airtel short tenure loans are disbursed quickly, often within a few minutes of approval, providing borrowers with the funds they need.

Flexible repayment options: Airtel short tenure loans offer flexible repayment options, allowing borrowers to choose a repayment plan that suits their financial situation.

Competitive interest rates: Airtel short tenure loans offer competitive interest rates, which can be lower than other short term loan options.

Eligibility criteria: Airtel short tenure loans have relatively simple eligibility criteria, which make it easy for borrowers to qualify for the loan.

Why choose Airtel Personal Loan?

You can choose Airtel Personal Loan for its quick and hassle-free application process, low-interest rates, flexible repayment options, and no hidden charges. With instant approvals, it's a convenient way to meet your financial needs.

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