1 min read
25 May 2021

You may have an urgent need for finances to pay for your child's wedding, renovate your office, or pay for your firm's license. In such situations, you will want a quick resolution by getting access to flexible funds. Bajaj Finserv gives you a suite of four custom-made loans for chartered accountants that include a personal loan, business loan, home loan, and a loan against property. These loans are highly flexible and give you the liberty to withdraw cash whenever you need it.

Take a look at the features of a Flexi term loan for Chartered Accountants from Bajaj Finserv:

1. Avail of flexibility on any loan

Bajaj Finserv allows you to pick a loan based on your needs. However, to avail of a Flexi loan, you don't have to compromise. This facility is available on all the loans within this suite. So, whether you select a personal loan or a loan against property, you have the option to bring the Flexi loan facility into play.

2. Withdraw only what you require

Your need for finance can be unpredictable. Optionally, you may require funds periodically, such as every month or every quarter. Bajaj Finserv Flexi Term Loan facility allows you to withdraw from the Flexi term loan limit in instalments to make borrowing easy. You can withdraw funds as per your needs, as many times as you need to. So, if you have a sanctioned loan amount of Rs. 20 lakh, then you can withdraw Rs. 2 lakh to buy new furniture for your office and another Rs. 10 lakh, six months later, to purchase new computers.

3. Pay interest on what you use

Another excellent benefit of Bajaj Finserv Flexi Term Loan facility is that you only pay interest on your withdrawal amount. So, if you first withdraw only Rs. 2 lakh, you will pay interest on this. Then, when you withdraw an extra Rs. 10 lakh, you will pay interest on Rs. 12 lakh. The balance of Rs. 8 lakh is interest-free until you use it.

4. Enjoy convenient repayment

You benefit from a long tenor that makes repayment of these loans easy. You can choose from a 12 to 60 months repayment period for an unsecured loan, and choose a long tenor, say of 20 years, for a secured loan. But, most importantly, when you opt for a Flexi term loan from Bajaj Finserv, you have the option to pay interest-only EMIs. You can then repay the principal at the end of the tenor. This is especially beneficial if you are using funds for your business and awaiting payment from clients. You can withdraw, repay and redraw funds as many times as you'd like to, and that too without incurring any charges. Besides, you can enjoy flexible repayment terms that make it easy to reduce your debt obligation should you run into surplus funds.

5. Lower your EMIs by up to 45%

These loans lower your monthly loan instalments by up to 45% as here, you pay interest only on what you borrow and can repay your loan at your convenience with no additional fees.

6. Easy application and quick sanction

Bajaj Finserv provides ease of application by allowing you to apply online. Just fill out the form and submit a few documents. Post verification, the amount will be disbursed to your account within 24 hours.

With flexibility in every aspect, right from borrowing as per your needs to conveniently repaying your loan, these loans are super convenient and perfectly suited for smart cash flow management or any urgent cash need.
 

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