There are different stages in life when you need money to take advantage of sudden opportunities or to tackle contingencies. Whether it is a new market trend to cash on for your business, or an extended vacation for your family members, a sustained channel of funding goes a long way in addressing these issues.   

An innovative product, Flexi Loans address such situations. With these loans, you no longer have to hold back your dreams due to lack of cash. Read on to find out how you can use these loans to your maximum advantage, both professionally and personally

  • Secure a large credit line

With Flexi Loans, you secure a credit line. As a business owner, you can use it in different areas of operations. The benefit of this loan is that you need to pay interest only on the amount used. Suppose you have a credit line of Rs. 15 lakh. Out of this amount, you only use Rs. 5 lakh in a certain aspect of your business. Then you need to pay interest on Rs. 5 lakh only and not on the entire credit line of Rs. 15 lakh. 

Thus, you secure a large source of sustained funding for your business at less cost, because you are paying interest only on the funds utilised at a given point in time.  

Bajaj Finserv's Flexi Loan offers a credit line up to Rs. 30 lakh. The limit of credit line approved is directly proportional to your credit score. Once we approve your application and disburse the funds, you can transfer the same to your account within 2 hours.

  • Utilise funds only when required

True to its name, Flexi Loan offers flexibility in borrowing and part-prepayment. With this, you enjoy the freedom to use the borrowed funds as and when required, as per your needs. You can withdraw funds from your credit line as many times as you need, too. 

  • Pre-Pay When You Have Extra Cash

Flexi Loans give you the ability to transact by withdrawing and part-prepaying as per your cash flow requirements. Like a running account with a supplier or a customer with which most of the business owners are familiar, Flexi Loan is more of a continuous financial exchange, rather than a one-time borrowing event. When you have extra cash, you can part-prepay and reset the available limit of the credit line, that you can use again later.   

  • Flexible EMIs

Flexible EMIs are one of the hallmarks of these loans. You need to pay interest only on the amount used and not on the entire credit line.

For example, if you use only Rs. 2 lakh from the loan amount of Rs. 5 lakh secured from the credit line, you need to pay interest only on Rs. 2 lakh. As a business owner, you can make significant savings on the EMIs that you can use in other areas of operation.

The same principle applies to Flexi Loans for personal use. You can use the amount saved on EMIs for managing your day-to-day expenses.

These loans also give you the option to pay only the interest component as EMIs. This brings down the EMI amount almost by half. By this arrangement, you can opt to repay the principal amount at the end of the tenor.

Flexi Loans are your best bet to overcome financial hurdles without losing your sleep over high EMIs and loan repayment. Get in touch with us to know more about our Flexi Loan offering.

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