What is Flexi Loan?

Flexi loan is an unsecured loan where no collateral is needed to receive funds. The Bajaj Finserv Flexi Loan facility is a feature that allows you to borrow from your approved sanction freely and repay with ease when you have the extra funds. There are two types of the Flexi loan facility:

Flexi Term Loan

  • You can borrow money easily from the loan limit offered to you
  • Interest is charged only on the amount used
  • Each time you withdraw money, the amount in your Loan Limit reduces
  • You can part-pay the Principal sum if you have extra funds. However, your loan limit will not be restored accordingly.

Flexi Hybrid Loan

  • You can borrow money easily from the loan limit offered to you
  • Interest is charged only on the amount used
  • You have the option to pay only interest as EMIs while repaying the Principal at the end of the tenor or part-prepaying towards the Principal whenever you have extra funds
  • When you withdraw, the amount of available funds reduces accordingly
  • When you prepay the principal amount, funds available in your loan limit increase accordingly.

Features & Benefits

  • Flexi Loans are unsecured loans that require no collateral. This eliminates the need for asset valuation for pledging the collateral. Reduced documentation accelerates the approval process to 1 business day.
  • Existing customers of Bajaj Finserv may get exclusive pre-approved offers such as a top-up loan or reduction of rates. Flexi Loans are offered with a minimum period of 3 years.
  • You can borrow as you need and repay when you can. You can borrow from the loan limit several times as long as you do not exceed the loan limit.
  • Withdraw funds as many times as you need from your approved loan limit
  • Deposit funds into your loan account whenever you have surplus money with no extra charges
  • Skip having to put in additional paperwork when you withdraw or prepay funds.
  • Opt to pay only interest as your EMI for the first part of the tenor and the Principal later, to reduce your EMI.
  • Pay interest only on the amount you have utilised
  • No additional charges for transaction
  • Drawdown/Withdraw money from your accounts as per requirements at no extra cost.
  • Access your loan accounts anywhere and anytime
  • Service-related assistance through our Bajaj Customer Portal – Experia & Bajaj Finserv App
  • Amount in your account in 24hrs post approval
  • Loan with minimal documentation and quick disbursal.


You should be a resident citizen of India
Age Criteria:

  • Salaried Personal Loan: 21 to 67 years
  • Business Loan: 24 to 72 years
  • Doctors Loan: 24 to 70 years
  • CIBIL Score: 685 or higher

Frequently asked questions

What is flexi loan?

Flexi Loan is a unique and innovative facility offered by Bajaj Finance. This facility allows you to manage your cash flow more effectively and save interest. With the Flexi facility, you can borrow funds whenever you need from the sanctioned limit. You can also prepay when you have additional funds in hand. Also, you can pay interest only on the amount you use and not on the entire loan limit. You can also lower your monthly instalment by opting for interest-only EMIs for the initial part of the tenor.

What benefits do I get on my Flexi Term Loan?
  • With this product you can pre-pay and drawdown/ withdraw money as many times you want, making the process easy and hassle-free.
  • Interest is charged only on the amount withdrawn by you and not the entire loan amount.
  • On availing of this, you benefit by saving interest cost as you can pre-pay the loan at no extra cost.
  • Experience and enjoy seamless, easy and hassle-free online transactions on our Bajaj Customer Portal – Experia
What benefits do I get on my Flexi Hybrid Loan?

You have the flexibility to withdraw from the limit and pre-pay the loan anytime making the process hassle-free.

You can re-avail the pre-paid amount within the available limit at any time within the loan tenor without any additional documentation.

You save on interest costs. Interest is payable only on the utilised loan amount. There is no interest levied on the pre-paid amount.

Experience and enjoy seamless, easy and hassle-free online transactions on our Bajaj Customer Portal – Experia

You can withdraw from the Available Limit at any given time at no extra cost.

Why should I choose the Bajaj Finserv Flexi Loan?

It is one loan with many benefits:

  • Flexi Facility
  • Instant approval
  • Minimal documentation
  • Flexible tenors
  • No hidden charges
Where can I use my Flexi Loan?

You can use your Flexi Loan for multiple purposes, such as:

  • Medical emergencies
  • Home renovation
  • Higher education
  • Debt consolidation
  • Travel
  • Wedding

A business flexi loan can be used for:

  • Meeting any planned or unplanned business expense
How can I apply for a Flexi Loan?

To apply for a Flexi Loan, please follow these steps:

  • Click on “APPLY online” to open our simple form
  • Enter your 10-digit mobile number & OTP
  • Share your basic information. Existing customer may find their information is already pre-filled
  • Select you loan amount which you wish to borrow
  • Our executive will get in touch with you with further process
What documents do I need to apply for a Flexi Loan?

You need the following documents

  • KYC document
  • Latest Salary slip
  • A govt issued address proof
  • A recent passport size photograph
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