Features and benefits

  • No additional paperwork
    No additional paperwork

    Borrow from your sanction multiple times without repeat applications

  • Zero part-prepayment fee
    Zero part-prepayment fee

    Part-prepay your loan whenever you can, without incurring additional costs.

  • Repay affordably
    Repay affordably

    Choose to pay interest-only EMIs to reduce your monthly outgo by up to 45%*.

  • Withdraw freely
    Withdraw freely

    Withdraw freely from your approved sanction without the worry of fees or charges.

  • Online customer portal
    Online customer portal

    Use the online customer portal, Experia, to handle your loan payments digitally and conveniently

  • Cost-effective

    Pay interest only on the amount you utilise and not on the sanction as a whole.

Converting your existing loan into a Flexi business loan is a smart way of managing your finances. When used wisely, you can use the facility to reduce your EMI outgo by up 45%* and free up your finances for other obligations. The conversion process is 100% hassle-free as it takes just a few simple steps. In fact, a quick comparison between a term and Flexi loan indicates that the latter can be a superior option. Here is the Flexi business loan explained in depth.


Term loan

Flexi loan


Full sanction disbursed to your bank account

Loan sanction is made available in the loan account for flexible withdrawal.

Fees and charges

Interest is charged on the entire sanction

Interest is charged daily, only on the amount you withdraw from the loan account. Moreover, your Flexi loan interest rate will be the same as that of your existing loan.


EMIs consist of both principal and interest components

Choose to pay interest-only EMIs and repay the principal at a later part of the tenor.

To further highlight the value of this facility, consider a loan with sanction Rs. 10 lakh, a tenor of 5 years, and an interest rate of 17%. The amount used is Rs. 5 lakh


Term loan

Flexi loan


Rs. 23,790

Rs. 13,550

Annual outgo

Rs. 2,85,480

Rs. 1,62,600

Annual savings


Rs. 1,22,880

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Eligibility criteria and documents required

To avail of the benefits of this facility, all you have to do is meet the relaxed loan eligibility criteria mentioned below:

  • Age

    24 to 70 years
    *Age should be 70 year at the time of loan maturity

  • Nationality


  • CIBIL score
    CIBIL score Check your CIBIL Score for FREE

    685 or higher

  • Work status
    Work status


  • Business vintage
    Business vintage

    At least 3 years

Documents Required

This feature is available to those with an existing business loan and doesn’t require documentation as it is completely digital. However, to apply for a business loan, these are the documents required**.

  • KYC documents
  • Relevant business financial documents
  • Business proof: Certificate of business existence
  • Bank account statements of the previous months

Application process

The process to convert and avail funding is simple. Here are the steps you should follow during processing.

  1. 1 Fill the form with the required information and submit it
  2. 2 Await contact with loan instructions from an authorised representative
  3. 3 Benefit from having your loan converted to a Flexi loan
  4. 4 Withdraw as per your needs and transfer funds to your account within 2 hours

*Conditions apply

**Document list is indicative