Flexi Loan Explained | Bajaj Finserv


Life is all about give and take isn’t it? then why should loans be any different. That’s why Flexi loans from Bajaj Finserv, where you get access to a credit line, based on your credit rating. The higher your credit rating, the higher your credit line You can use this line as
per your needs. You can withdraw money wherever you need it and pre-pay when you have extra money in hand withdraw again
pre-pay again as many times as you need at no extra cost. Give and take
remember! You pay interest only on the amount that you have used and not the
entire line. What’s more? You can choose to pay only interest as your EMIs and the principal at the end of the tenor. This reduces your emi amount by almost half. Here’s an example On a term loan of Rs 1 lakh at 15%
interest, your EMI is Rs. 2489. But 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 that’s almost fifty
percent less every month. So the next time you need money for a bigger wedding, an exotic holiday, a home makeover or any other unplanned expense choose a flexi loan, a loan that lets you borrow when you need and prepay when you can Think it. Done with Bajaj Finserv

Paul Whisler

9 Comments

  1. What about the term?
    Example shown in video for 1Lac what would be the term or Duration for 1 Lac?

Leave a Reply

Your email address will not be published. Required fields are marked *