Flexi loan

Interest Savings Pay interest only on the amount you use, not the full sanctioned limit, helping you save significantly.

Flexible WithdrawalsWithdraw funds as and when required without reapplying or waiting for approvals

Tailored Repayment OptionsChoose to pay just the interest as EMI initially, reducing financial stress, with the option to repay the principal later.

Zero Prepayment ChargesPay off your loan early without worrying about additional fees.

Revolving Credit AccessRepay and reuse the loan limit as often as needed during the tenure, offering ongoing financial support.

Approval Process: Once your loan application is approved, a credit limit is sanctioned.

Withdrawal Facility: You can withdraw any amount up to your sanctioned limit.

Interest Calculation: Interest is charged only on the amount withdrawn, not the entire limit.

Repayment Flexibility: Repay principal and interest at your convenience, or pay only interest initially.

Personalized Borrowing Experience Flexi loans adapt to your lifestyle, offering greater control over your finances.

Reduced Financial Burden With interest-only payments and zero prepayment charges, managing monthly cash flow becomes effortless.

Digital Convenience Apply, withdraw, and repay through easy-to-use digital platforms, ensuring a seamless experience.

Versatility for Varied Needs From personal expenses to business requirements, flexi loans cater to diverse financial scenarios.

Competitive Interest Rates Enjoy attractive interest rates that make borrowing affordable.

Salaried Individuals: For handling medical emergencies, planning vacations, or funding special occasions.

Business Owners: For managing cash flow, purchasing inventory, or expanding operations.

Freelancers: For navigating irregular income cycles and covering personal or professional expenses.

How is a flexi loan different from a personal loan?

Unlike personal loans, flexi loans allow multiple withdrawals within a credit limit, with interest charged only on the utilized amount.

Can I prepay my flexi loan without charges?

Yes, most lenders allow you to prepay flexi loans without incurring penalties.

What is the typical tenure of a flexi loan?

Flexi loans usually have a tenure ranging from 12 to 60 months, depending on the lender’s terms.

Are there any additional fees for withdrawals?

Some lenders may charge a nominal fee for each withdrawal. It’s best to confirm this with your provider

Can I increase my credit limit during the tenure?

Many lenders offer the option to reassess and increase your credit limit based on your repayment history and financial needs

How do I apply for a flexi loan?

Applications are typically online, requiring minimal documentation and quick approvals.

Is there a fixed interest rate for flexi loans?

Interest rates may vary based on the lender, but they’re often competitive compared to traditional loans.

Sanctioned Limit: The maximum amount approved by the lender.

Interest-Only EMI: Paying only the interest component initially, with the principal due later.

Revolving Credit: The ability to borrow and repay multiple times within a set limit.

Prepayment Penalty: A fee charged for paying off the loan early (usually not applicable for flexi loans).

Tenure: The total time period within which the loan needs to be repaid.