In life, every interaction and every experience is a give and take. When it comes to managing your finances or availing loans, why should be it any different? This is where Flexi Personal Loans come into the picture.

A unique and innovative way of borrowing, a Flexi Personal Loan brings you the flexibility that a regular loan does not. It gives you access to a credit line from which you can withdraw and utilise the funds as per your need, and repay when you are left with some extra. This benefits you as the interest you pay is charged only on the amount utilised in a certain period, and not the whole credit line.

What does a Flexi Personal Loan entail?

A Flexi Personal Loan serves as a strategic financial instrument, helping you to better manage your finances and cash flow requirements. It is a pre-approved credit line offered to you, based on your credit score. You have the provision to withdraw money from your credit line multiple times, if you stay within your credit limit. You can also part-prepay this amount at no extra charge, and borrow it again when you need.

A Flexi Personal Loan also helps you save significantly on the interest. Unlike a regular term loan, the interest is charged on the amount you utilise in any given period. What’s more, you have the option to pay only the interest component in your EMIs and the principal amount at the end of the tenor. This can bring down your EMI amount by almost half.

On a term loan of Rs.1 lakh at 15% interest, your EMI is calculated at Rs.2489.

However, on a Flexi Personal Loan of Rs. 1 lakh at 15% interest, your EMI could be just Rs. 1292. Since you have the option of not paying back the principal immediately, it’s almost 50% less every month!

This way, you have significant monthly savings, while using your funds as and when you need.

Why should you choose a Flexi Personal Loan?

Given their very essence, Flexi Personal Loans help you in managing your cash flow more effectively and saving interest smartly. Following are their benefits to you:

  • Ready availability of liquid cash
  • Flexibility to transact, i.e. deposit and withdraw money, from your credit line as and when needed
  • Multiple withdrawals and part-prepayments, at no extra cost
  • Interest is charged only on the amount withdrawn from the credit line
  • Interest rate is usually charged daily on the amount utilised, and is payable every month, reducing your outgo in the long run
  • Convenience of transacting through your loan account through an integrated online platform
  • Minimal to zero documentation
  • Low renewal fees

We, at Bajaj Finserv, offer you Flexi Personal Loans at competitive rates, so that you take care of your expenses in the most efficient way. Be it planning a dream vacation abroad, getting your home a desired renovation, or a resplendent wedding, address your needs better with a Flexi Personal Loan.

Borrow when you need and repay when you can, and live the life you want without worrying about money!

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