Converting your existing loan into a smart and swift Flexi Loan can give you the below benefits:
Withdraw money from your loan account without extra documentation.
Part-prepay your loan when you have extra funds, without any charge.
Opt to pay only interest as EMI, which reduces EMI amount by up to 50%.
Multiple withdrawals, without additional documentation or charges.
Borrow and part-prepay funds in few clicks through the online customer portal, Experia
Interest charged on a daily basis, as per amount utilized at the end of the day.
Submit the above form after filling-in the details
Our representative will get in touch with you
Your existing loan will get converted into a flexi loan
Withdraw the funds as per your needs and transfer them to your account within 2 hours
Individuals with an existing term loan are eligible to convert their loan to a Flexi Loan
Converting your loan into a flexi loan is a completely touch free process, where there is no physical meeting or documentation needed.
Here’s a quick comparison between a Term Loan and a Flexi Loan.
Loan Sanction Amount: 10,00,000 | Amount Used: 5,00,000 | Rate of Interest: 18% | Tenor: up to 84 months.
Term Loan – The sanctioned amount is disbursed to your account.
Flexi Loans – The sanctioned amount is assigned to your loan account. Borrow only as much as you need from it.
Term Loan – Interest is charged on the full amount.
Flexi Loans – Interest is charged only on the utilized amount.
Your flexi loan interest rate will be the same as your existing interest rate
Term Loan – EMI = Interest + Principal.
Choose to pay only interest as EMI. Repay the principal as and when you can by the end of the loan tenor.
Converting your existing loan into a Flexi Loan is the smart way of managing your finances.
To ease your loan management, you can now convert your existing Loan into a Flexi Loan and lower your EMIs by up to 56%. The process is 100% hassle-free as you can make such a conversion in just a few simple steps, without any physical meeting.
- Flexible withdrawals & prepayments
- Pay interest only on the amount you used
- No extra documents needed
- Option to pay only interest as EMIs
To know more about our Flexi Loans, click here.