When you take a secured business loan from Bajaj Finance, you can opt for the Flexi facility, if you need more affordable EMIs and greater flexibility of usage.
We offer two Flexi variants of this loan: Flexi Term Loan and Flexi Hybrid Loan.
The Flexi Term Loan is like a standard loan as it allows you to withdraw funds from your sanctioned loan limit as often as required. You can repay once you have surplus funds. The interest charged is only on the amount withdrawn, not on the total loan amount approved.
The Flexi Hybrid variant gives you the chance to borrow funds from your sanctioned limit and prepay at your convenience within the selected tenure. With Flexi Hybrid Loan, you pay interest-only EMIs for the initial part of the tenure.
To withdraw or part-prepay your Flexi Loan, we offer you access to your online account on both – the app and our website. You can use either platform to manage your Flexi Loan transactions with ease.
How to withdraw funds from your Flexi Loan using our app
- Open the Bajaj Finserv app. If you do not already have it, download it from the Play store
- Log in to the app and navigate to the account section
- Click on ‘My Relations’ to see your ongoing products
- Under ‘Loans’, select your secured business loan
- Under ‘Quick Actions’, select ‘Draw Down’
- Put in the amount that you want to borrow from your sanctioned limit
- Enter the OTP sent to your mobile number to confirm your transaction
How to part-prepay your Flexi Loan using our website
- Sign in to My Account with your mobile number, OTP, and date of birth
- Click on ‘My Relations’ to see your ongoing products
- Under ‘Loans’, select your secured business loan
- Under ‘Quick Actions’, select ‘Part-prepay’
- Put in the amount that you want to pay back to your sanctioned limit
- Enter the OTP sent to your mobile number to confirm your transaction
It’s really that simple. Learn more about our secured business loan and how you can manage it better.
