Personal Line of Credit from Bajaj Finserv helps you manage your finances more effectively. ✔ Pay only interest as EMI ✔ No Collateral required ✔ Part prepay or withdraw online ✔ No limit on part prepayments with your personal line of credit

Line of Credit

Introducing, Line of Credit, another first from Bajaj Finserv. A unique and innovative offering that allows you to manage your cash flows in a smarter and more effective manner.

  • Line of Credit is a facility where you are given a “credit line” and during the term of the facility you pay interest component only on the amount utilized. The monthly installment for Line of Credit will consist only of the interest amount and will not have a principal component on a monthly basis. The principal amount of loan is to be repaid at the end of the tenure of the facility
  • In Line of Credit, you have the freedom to part prepay the loan availed and withdraw amounts within your assigned line, as per your convenience
  • Unlike our Flexi Loans, the credit line assigned does not reduce by any dropline amount. You may withdraw the complete amount from the part pre-payment done earlier subject to the maximum amount of credit line assigned to you

Benefits of Line of Credit

  • Pay interest-only as monthly installment as compared to a term loan. This helps you manage your funds better
  • Instant online facility to part prepay and withdraw (drawdown) through customer portal (Experia)
  • No limit on number of part pre-payments. No charges for part pre-payment
  • No charges for withdrawal (drawdown)
  • Flexibility to convert to term loan as per convenience
  • Bullet repayment option
  • No collateral/security required