Flexi Loans are the new way of borrowing funds in India, where you get access to a pre-approved loan limit based on your credit rating. Borrow funds whenever you need them and prepay when you have additional funds in hand. Also, pay interest only on the amount you utilize out of the borrowed amount, and get the option to pay just the interest amount as your EMI for first year.
Flexi Loans are available for salaried individuals, self-employed individuals, professionals and businessmen. Find out more about our Flexi Loans, what they have to offer and how you can benefit from them, here.
No need to apply every time you need a fresh amount of funds. Simply withdraw money from your loan limit and transfer it directly to your account.
Part-prepay your loan whenever you have surplus funds, without any extra charge.
Get the option of paying only interest as your EMI, which reduces EMI amount by up to 50%.
Withdraw funds as many times as you need from your loan limit, without any additional documentation or charges.
Withdraw and part-prepay funds through the online customer portal, Experia, for hassle-free and smooth processing.
You are charged interest on a daily basis, as per the amount utilized at the end of the day.
For Salaried Individuals
You should be between 25 to 55 years old
You should be a salaried employee of either an MNC, public, or private company.
You should be an Indian citizen. (Select cities applicable)
For Self-Employed Individuals, Businessmen, and SMEs/MSMs
You should be between 25-55 years old
Your business should have a vintage of at least 3 years
Your business should have its Income Tax returns filed for at least the past 1 year
For Salaried Individuals*
For Self-Employed Individuals, Businessmen, and SMEs*
*You may be asked to provide other relevant documents at the time of document verification. You will be informed about these as and when needed.
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