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 on its select unsecured and secured loan products. These include – Flexi Term Loan and Flexi Hybrid Loan. If you choose either of these Flexi variants, you get the following benefits.
- Make part payments towards your loans up to limit or in parts at no additional cost
- Pay interest only on the amount you have utilised
- Drawdown/ withdraw money from your loan account as per requirements at no extra cost
- Access your loan account details anytime
There are two types of Flexi variants offered by Bajaj Finance Limited.
- Flexi Hybrid Loan: It is a variant in which you pay only the interest amount on the utilised/ drawdown amount for the initial part of the tenure. However, during subsequent tenures, you pay both interest and principal based on the loan amount you utilised/ drawdown.
- Flexi Term Loan: It is a variant in which you pay regular payments over a set period of time. Here, your EMI includes both, principal and interest payments. The interest component will be charged on the utilised amount.
A Flexi Doctor Loan is an unsecured professional loan specifically created for doctors. Bajaj Finance offers two Flexi variants - Flexi Term Loan and Flexi Hybrid Loan. If you choose a Flexi Doctor Loan, a loan limit is assigned to you, and you can withdraw funds from this list. However, you need to pay interest only on the amount you borrow and not the entire limit. Flexi Hybrid Loan comes with the additional benefit of paying interest-only EMIs for the initial tenure.
The Bajaj Finserv Business Loan is an unsecured loan tailored for business expenses. Bajaj Finance offers three unique variants of business loans - Term Loan, Flexi Term Loan and the Flexi Hybrid Loan. With these Flexi variants, you can withdraw funds as many times as you want from your approved limit. However, you pay interest only on the amount you withdraw and not the entire limit. You can also part-prepay your loan as and when you can without paying any additional cost. Moreover, the Flexi Hybrid Loan allows you to pay interest-only EMIs during the initial part of the tenure.
The Bajaj Finserv Used Car Loan offers asset-based finance of up to 100% of your car value at competitive interest rates. Bajaj Finance Limited offers two Flexi variants: the Flexi Term Loan and the Flexi Hybrid Loan. These Flexi variants allow you to make part-prepayments and withdrawals without any extra cost. Additionally, the Flexi Hybrid Loan allows to pay interest-only EMIs during the initial period of the tenure.
Bajaj Finance offers CA Loans in two unique Flexi variants: The Flexi Term Loan and the Flexi Hybrid Loan. The Flexi facility allows you to make withdrawals from your sanctioned loan without incurring additional fees. You can also part-prepay your loan without paying any extra cost. Furthermore, the Flexi Hybrid Loan allows you to pay interest-only EMIs during the initial tenure.
Bajaj Finance personal loans in two unique Flexi variants – Flexi Term Loan, and Flexi Hybrid Loan. When a customer selects the Flexi option, a loan limit is assigned to them from which they can withdraw funds whenever needed. Interest is charged only on the amount withdrawn, not on the total approved limit. Customers can also part-pay their loan as many times without paying any additional charges. A Flexi Hybrid Loan also has the added benefit of paying interest-only EMIs for the first part of the tenure.
