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Bajaj Finserv
Source Name: Bajaj Finserv

5 Reasons to opt for Bajaj Finserv Flexi Personal Loan Option

May 28, 2018   16:53 IST 
Pune, Maharashtra, India

Personal loan is an effective financial solution, to raise funds for any planned needs or for an unexpected event requiring immediate cash. But, sometimes there are various reasons that deter us from opting for it. The high rate of interest of personal loans, the stringent rules and formalities of the banks are few hurdles that we see. To address a sudden financial requirement the easiest option is a personal loan that offers flexibility to withdraw money at any given point of time.


Bajaj Finserv through its lending arm Bajaj Finance Ltd., offers a unique proposition Flexi personal loan option wherein a customer, as per the eligibility, is offered a loan amount which can be utilized as and when required. This an option where the consumer pays only the interest as EMI on the amount utilized. The consumer is free to withdraw any amount or part pre-pay in the assigned tenor, without incurring additional charges. By choosing it, consumer pays up to 45% lower EMIs every month and tackle unpredictable expenses in a convenient manner.


Need more reasons on why flexible personal loan is considered the best option for an individual? Take a look at the benefits offered by Bajaj Finserv’s Flexi loan option


5 Benefits of Flexi personal loan by Bajaj Finserv:

  1. Apart from the fact that your monthly expenditure reduces by a staggering 45%, a flexi personal loan is an extremely convenient form availing finance

  2. It gives you the option to make as many withdrawals as you’d like to, when you’d like to. There is no limit on the number of withdrawals that you can make. This helps you address unpredictable expenses with ease

  3. Interest is payable only on the amount used. So, if you opt for Flexi personal loan optionfrom Bajaj Finserv for Rs. 10 lakhs but you use only Rs. 7 lakhs, interest is payable on Rs. 7 lakhs

  4. Since your monthly EMIs only consist of your interest component, this also helps in managing cash flows easier by reducing your monthly repayment burden

  5. Another advantage of a flexi personal loan is that you can convert it to a term loan at any point in the tenor. So, if you realise halfway through the tenor that you may not be able to repay the principalin one go, you can convert it to a term loan. Then, you can pay it off as monthly EMIs

Repayment of Principal amount

Flexi personal loan requires the principal amount to be paid only at the end of the tenor. Again, you have the option to either make part prepayments towards the principal amount as and when your financial situation allows you to do so, or you can opt for bullet repayment.

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