What is Flexi Loan EMI Calculator?
A Flexi loan EMI calculator helps you estimate monthly instalments when opting for flexible funding. It simplifies planning by giving accurate EMI projections. With a personal loan from Bajaj Finance, you can access funds conveniently while enjoying manageable repayments.
How Does a Flexi EMI Calculator Work?
- A flexi loan lets you borrow as per need and repay flexibly.
- The flexi loan EMI calculator shows customised EMIs based on withdrawals and repayments.
- You pay interest only on the utilised amount, reducing your financial burden.
- Explore flexi loan options to manage cash flow with ease.
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Disclaimer
Results generated by the calculator(s) are indicative in nature. The calculator(s) are not intended to provide its users/customers with results that are either certified by Bajaj Finance Limited ("BFL") or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances.
The calculator(s) are only a tool that assists the user/customers arrive at results of various illustrative scenarios generated from data input by the user/customer. The use of the calculator is entirely at the risks of the user/customer. BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator. Finance is at sole discretion of BFL. Interest rate applied on the loan will depend on the prevailing rates at the time of loan booking.
Frequently asked questions
Bajaj Finance offers unique Flexi Loan variants – Flexi Term Loan and Flexi Hybrid Loan on its select loan products. These Flexi variants come with additional benefits such as multiple withdrawals and part-prepayments at no extra cost. When you choose any of these Flexi variants, a loan limit is assigned to you, and you can withdraw from this limit as and when you need. However, interest will be charged only on the amount you withdraw and not the entire limit. You can also part-prepay as many times as you can without any additional charges. If you choose a Flexi Hybrid Loan, you’ll get the additional benefit of paying interest-only EMIs for the initial part of the tenure.
Flexi loan is beneficial as it allows withdrawals as needed, interest only on utilised amounts, and flexible repayment, making it cost-effective for variable financial requirements.
A Flexi Loan EMI is calculated using a flexi loan calculator, considering principal withdrawn, interest rate, and tenure, giving accurate monthly instalment estimates tailored to your usage.
In a Flexi account, interest is calculated daily only on the withdrawn amount, not the entire sanction, significantly reducing repayment burden compared to standard personal loans.
Bajaj Finance offers two variants of Flexi Loans:
Flexi Term Loan: This option allows customers to withdraw from their available loan amount multiple times at no extra cost. Customer can also part-prepay their loan when they have surplus funds without paying any additional charges. This facility provides enhanced flexibility in loan management.
Flexi Hybrid Loan: This combines the features of a Flexi Term Loan with the benefit of paying interest-only EMIs in the initial part of the loan tenure.
Bajaj Finance provides three unique variants of personal loans: Term Loan, Flexi Term, and Flexi Hybrid Loan. If you opt for the Flexi Loan variants, you get a loan limit from which you can withdraw funds as required. Interest is only charged on the withdrawn amount, not the entire approved limit. You can make multiple withdrawals and partial payments from their borrowing limit without any extra charges. Also, with a Flexi Hybrid Loan, there's the added advantage of paying interest-only EMIs for the initial portion of the tenure. This offers borrowers enhanced flexibility in managing their personal loans.
Bajaj Finance offers doctor loans in two unique Flexi variants: the Flexi Term Loan and the Flexi Hybrid Loan. The Flexi feature allows you to make part-prepayments and withdraw funds from your approved loan amount as needed, without incurring additional charges. Additionally, with a Flexi Hybrid Loan, you can choose to pay interest-only EMIs for the initial part of the tenure.
The Bajaj Finserv Business Loan is an unsecured loan personalised for self-employed professionals. This loan facility helps in managing small and big business expenses. Bajaj Finance offers these loans in two unique Flexi variants: the Flexi Term Loan and the Flexi Hybrid Loan. When you choose either of these Flexi variants – a loan limit is assigned to you. You can withdraw funds from this limit as and when you need. However, the interest is charged only on the amount you withdraw and not the entire limit. You can also make partial payments without incurring any extra costs. However, the Flexi Hybrid Loan comes with the additional benefit of paying interest-only EMIs for the initial part of the tenure. These features provide businesses with greater flexibility in managing their finances.
The CA loan offered by Bajaj Finance is an unsecured loan provided to chartered accountants that comes with simple eligibility criteria. Bajaj Finance offers two Flexi variants of CA Loans: The Flexi Term Loan and the Flexi Hybrid Loan. When you choose either of these Flexi variants, a loan limit is assigned to you from which you can withdraw funds as many times as you need. However, interest is charged only on the amount you withdraw and not the entire limit. You can also part-prepay your Flexi Loan without paying any additional charges. Furthermore, the Flexi Hybrid Loan comes with the additional facility of paying interest-only EMIs for the initial part of the tenure.
