Getting a loan can be an important step towards enhancing your financial situation or fulfilling your dreams. Choosing the right type of loan that aligns with your specific requirements can prove to be a complex decision. In light of this, our loan against car can be a practical solution. The numerous advantages of this specialised offering can more than adequately support the various aspects of your financial goals.
This loan involves using your car as collateral to offset possible risks. This lending arrangement understands your aspirations and benefits you with potentially lower interest rates and extended repayment terms.
About the Flexi Loan facility
Of particular note is the availability of the Flexi Loan. Whereas regular loans involve fixed EMI payments, the Flexi Loan promises enhanced flexibility. It enables you to withdraw funds as the need arises from your sanctioned loan limit and repay as your surplus funds permit. Moreover, interest payments only apply to the withdrawn sum.
Varieties of Flexi Loans
We offer two unique types of Flexi Loans: Flexi Hybrid Loan and the Flexi Term Loan.
With the Flexi Hybrid Loan, you have the advantage of borrowing from the sanctioned loan amount whenever necessary, complemented by the freedom to make prepayments at your convenience. During the initial phase of the loan tenure, the payment structure may entail solely the interest component.
Meanwhile, the Flexi Term Loan mirrors the standard Term Loan, but accommodates the provision for multiple partial prepayments and withdrawals from the sanctioned loan amount.
Selecting the right option for yourself relies on your precise personal needs. If you are searching for a loan that alleviates the initial EMI obligations and equips you with the freedom to make numerous withdrawals and prepayments at your convenience, the Flexi Hybrid Loan might be just what you need.
Whether you are looking to address planned expenses like a home renovation or a dream wedding or sudden expenses like a medical emergency, our Flexi Loan facility is a convenient avenue to obtain crucial funds.
