Bajaj Finserv drawdown request

Drawdown request is a facility that allows customers to withdraw their loan amount as per their requirements and repay accordingly. In other words, under this facility, financial institutions extend a line of credit to aspiring borrowers that they can utilise as per their financial needs.

With the Bajaj Finserv drawdown request, you can withdraw funds from your available Flexi Loan limit. However, individuals are only responsible for repaying interest on the funds they withdraw and not on the total approved limit. This facility is beneficial for borrowers planning an expense, but not needing the funds at once.

Aspiring borrowers can keep reading to learn more about drawdown requests from Bajaj Finserv.

Here is a step-by-step guide on the process of initiating this facility with Bajaj Finserv.

Step 1: Log in to Bajaj Finserv service portal

Step 2: Select your Flexi Loan account from the ‘My Relations’ section.

Step 3: In the next redirection page, you’ll find all the details of your loan account.

Step 4: Click on the 'Drawdown' option from the ‘Quick Actions’ section.

Step 5: Fill up this drawdown request form with relevant details and enter the amount you want to withdraw.

Step 6: After that, generate an OTP and accept our terms and conditions to proceed.

Step 7: Receive the required amount in an account registered with Bajaj Finserv within a few hours.

Before moving ahead to initiate a drawdown request from Bajaj Finserv, one should learn how to apply for a Flexi Loan. Here are the related steps.

Step 1: Duly fill up a loan application form with personal, employment, and financial information.

Step 2: Choose the required loan quantum and preferred tenure.

Step 3: Submit the required documents to complete loan verification.

Step 4: The loan amount will be credited within 24 hours after successful verification.

The Bajaj Finserv drawdown request allows you to manage your loan better. It gives you more control over the funds you borrow and what you need to repay.