Know your Flexi Loan
Bajaj Finance Limited offers two Flexi variants for some of its loan products - Flexi Term Loan and Flexi Hybrid Loan. These variants give you the flexibility to manage your EMIs based on your financial situation.
When you choose either of our Flexi variants, a loan limit is assigned to you. You can withdraw funds from this pre-assigned limit whenever you need them and pay interest only on the withdrawn amount. You can also part-prepay your loan at no additional cost.
If you choose the Flexi Hybrid Loan, you will also have the additional benefit of paying interest-only EMIs for the initial tenure.
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Get the most out of your Flexi Loan
- Withdraw as many times as you need from the available loan limit during the loan tenure.
- Part-prepay your loan as many times as you like without any additional charges.
- Pay interest only on the amount you withdraw from your available limit.
Please note that you have to maintain a minimum balance of Rs. 100 or Rs. 1000 as your outstanding amount to keep your Flexi Loan account active as specified in loan agreement.Also, the minimum amount you can withdraw from your flexi loan account is Rs. 1000.
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You can also view your Flexi Loan details, manage fund withdrawals and loan repayment by visiting our service portal.
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Check your Flexi Loan account
Sign-in to our service portal in two simple steps and track your loan details easily.
Frequently Asked Questions:
After making a part-prepayment, it takes up to 24 hours for the amount to get adjusted towards the existing loan.
To check your Repayment Schedule for updated loan details, follow the steps below:
1. Click on 'Service'
2. Go to 'Relations' and select your loan account
3. Click on 'View Statements and Documents'
4. You can now download and view the 'Repayment Schedule'
To ensure you continue enjoying the benefits of your Flexi Loan and keep your loan account active, please maintain a minimum principal balance of Rs. 100 or Rs. 1000, as per the terms of your loan agreement.
Note: The cheques and demand drafts clearance process will take approximately 3 business days.
There are no restrictions on the frequency of withdrawals. However, you can withdraw until a minimum of Rs. 1000 is available in your limit.
You don't need to pay any charges to drawdown funds from your Bajaj Finserv Personal Flexi Loan account.
