When you take a Bajaj Finserv Doctor Loan, you get the option to choose between 3 variants: Term Loan, Flexi Term Loan, and Flexi Hybrid Loan.
By choosing a Flexi Loan variant, you get the power to withdraw money from your sanctioned loan amount as many times as you need. You can pay it back when you have funds in hand.
By paying interest only on the amount you have withdrawn, you pay more affordable EMIs. Your EMIs can go even lower if you opt for the Flexi Hybrid Loan. This variant lets you pay just the interest amount as your monthly instalments for the early part of the tenure.
And here’s the best part. You can make all these transactions on your Flexi Loan account on our app and on our website.
Withdrawing from your Flexi Loan
- Sign in to My Account on our website by providing your mobile number, an OTP, and verifying your date of birth. Alternatively, log in to our app and navigate to the account section.
- Under ‘My Relations’, select your Flexi Loan account.
- Tap on ‘Withdraw’ under ‘Quick Actions’.
- Fill in the amount that you need from your available limit and proceed.
- Verify that your details are correct with an OTP.
You will get the funds in your bank account within a few hours.
Part-prepaying your Flexi Loan
- Sign in to My Account on our website or app by following the same process as detailed above.
- Navigate to your Flexi Loan account under ‘My Relations’.
- Under ‘Quick Actions’, select ‘Part-prepay' and enter the amount you wish to pay back.
- Enter the OTP that we send to your mobile number, to confirm the transaction.
And that is all. With My Account, it is easy to manage your Flexi Loan for doctors on the go, and benefit from having ready finance, whenever you require it.
