Flexi Personal Loan: The Ideal Tool to Manage Your Expenses

Flexi Personal Loan: The Ideal Tool to Manage Your Expenses



A Personal loan is a useful tool to fund various expenses, including medical emergencies, higher education, weddings, travel and more. It is popular among individuals as it does not come with end usage restrictions.

However, there are a few factors like high interest rates and stringent rules from the lenders that make borrowers deter from opting for it. To address this condition, Bajaj Finserv introduced a flexi personal loan option for borrowers to avail credits without any hassle.

Borrowers can opt for Bajaj Finserv Flexi Personal Loan to avail a credit amount as per their eligibility and repay the loan as per their convenience.

What is a Flexi Personal Loan?

A flexi personal loan is a new age financial product that provides flexibility to the borrowers to use the approved loan amount according to their needs. They will be sanctioned a loan limit and they can borrow advances as many times they want without exceeding the threshold. They do not need to make multiple applications for every time they avail a credit.

Flexi loan vs personal loan- which is better?

Flexi loans are revolutionising lending in India with its plethora of benefits. It is better than personal loans on several factors. Here are a few points on which such loans are the best tool to manage your expenses.

  1. Borrow funds whenever needed

Flexi loans entitle a borrower to withdraw funds in parts whenever they need. They can withdraw funds as many times they like as long they do not exceed the approved credit limit. Also, they do not need to apply multiple times to avail the funds. They can withdraw the amount required and transfer it to their account.

Borrowers cannot avail this facility for personal loans. The flexi term loans help borrowers to avail advances in case of an emergency, which are not available in case of personal loans.

  1. Interest on the amount utilised

Unlike personal loans, borrowers need to pay interest on only the amount they have used in case of flexi personal loans. Also, it significantly reduces the EMI amount. It helps borrowers to manage their cash flow better and develop a proper repayment strategy.

  • Convenient repayment options

Flexi loans provide borrowers with a facility to pay interest only EMIs. They can pay the interest part throughout the loan tenor and pay the principal part at the end. It significantly reduces the financial burden on a borrower as the EMI amount does not consist of the principal component.

Borrowers can also avail pre-payment facility whenever they have surplus funds in hand. It will ensure that the EMI amount is reduced along with the total outstanding debt.

Bajaj Finserv Flexi Loan comes with no pre-payment penalty charges. Hence, it will help the borrowers to save some extra money. It will reset the loan limit and borrowers can avail the remaining amount from the loan limit if the need arises.

  1. Instant approval and quick loan disbursing

Flexi loans come with an easy application process. Borrowers just need to submit an application online and the loan amount is usually disbursed within 24 hours of approval.

Applicants must meet the essential eligibility criteria as follows to avail flexi term loans.

  • Applicants must be a resident of India.
  • Applicants must be aged between 23 and 55 years of age.
  • Applicants must be a salaried employee in an MNC, private sector or public sector.

Also, they need to provide some necessary documents for verification including-

  • KYC documents such as Aadhaar card, Voter ID card, and driving license.
  • An employee ID card.
  • Salary slips of the previous 2 months.
  • Bank statements for the previous 3 months of the salary account.


Along with the above-mentioned features, Bajaj Finserv also provides other benefits on such credits, including affordable interest rates, online loan management, and more.

They also provide pre-approved offers on flexi personal loans to simplify the process and to make it faster. Pre-approved offers are valid on various financial products and service, including secured home loans and unsecured credits like business loans and personal loans. You can check out the pre-approved offer by providing a few essential details.

Bajaj Finserv flexi loan offers individuals convenience in every aspect right from borrowing to the repayment of the debt. Make sure you avail a large loan limit to get the most out of your flexi loan.

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