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Bajaj Flexi Loan Offer


Pay Interest only on Utilized Amount with multiple withdrawals.


Bajaj Finserv Flexi Loan


Bajaj Finserv has created a Benchmark as one of the top-notch non-banking financial company in india through its unique loans and services. The Flexi Loan, Flexi Hybrid and the NO COST EMI servies are offered across 300+ locations. Bajaj Finserv has wisely adopted a service delivery model which ensures its not only quick but hassle free as well. It is one for the first NBFC to offer Virtual Flexi Facility services with maximum funding.

Flexi loans have become the status, the new way of borrowing funds in India, where you get access to a pre-approved loan limit based on your Salary and Credit score. One can borrow funds whenever you need and repay when whenever you have extra funds in hand. The best part is about the interest being charged only on the utilised amount only if utilised.

Bajaj Finserv has made its mark as the one of the top-notch non-banking financial company in India through a gamut of Loans & credit cards services provider in India. The Flexi Loan and EMI card loan services are offered across 139 locations. Bajaj Finserv has adopted a service delivery model which ensures is not only quick but hassle free as well. It is one of the first companies to offer Virtual Flexi Facility services with minimum set of documents.

Flexi Loans are the new way of borrowing funds in India, where you get access to a pre-approved loan limit based on your CIBIL and Salary. One can borrow funds whenever you want need them and prepay when you have additional funds in hand.

Bajaj Finance Flexi loan is an industry intensive loan facility. The product is one of its kinds wherein the company can pre-pay and draw down money as well using a self-service portal in the drop-line facility. The product is easy and hassle-free. The borrowing company gets benefit of saving interest cost by pre-paying through idle or any surplus funds that they customer may have.



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Flexible Withdrawal and Repayment


With Bajaj Flexi Loan, One can Borrow funds whenever you need them and Prepay when you have additional funds in hand. Also, pay interest only on the amount you utilize out of the borrowed amount, and get the option to pay just the interest amount as your EMI for first year.


Pay Interest only on Utilized Amount with multiple withdrawals.


Documents Required to Process the Flexi Loan


For Flexi Loan, Bajaj Finserv requires Soft copies of documents for verification that proves the authenticity of the borrower. Following are an overview of the documents generally asked while applying for a Bajaj Finserv Flexi Loan:



Identity Proof for Loan  Identity Proof - PAN / Aadhaar / Voter ID / Driving License / Passport Copy.
Address Proof for Loan  Current Address Proof - Driving license/ Passport Copy/ Latest Gas Bill with Gas Bond / Latest Property Tax Bill / Bank Passbook / Ration Card.
Age Proof for Loan  Age Proof - Pan Card / Aadhaar Card / Voter ID card / Passport Copy / Any Other Statutory authority Certificat.
Bank Statement for Loan  Bank Statement - Latest 3 Months Bank Statement required.
Company Id Proof for Loan  Company ID - For Employment Proof.
Payslips for Loan  Salary Payslips - Last 3 Months.
Photo Copy for Loan  Photo Copy - One Passport Size Photo.

Eligibility Criteria for Bajaj Flexi Loan


For Flexi Loan, eligibility will differs bank to bank. The eligibility will also gets differs with requirements and needs. Below are eligibility criteria to get an online Flexi Loan approval for salaried and self-employed individuals are listed:



Age Limit for Loan  Age - Minimum 23 years – Maximum 60 years.
Employment for Loan  Employement - You must be Salaried Employee.
Company for Loan  Company - Company must be 2-3 years MCA registered.
Bank Account for Loan  Bank Account - Should Have An Active Bank Account.
Income for Loan  Income - Stable employment with regular income of >= 40,000/PM in active bank account.
CIBIL Score for Loan  CIBIL Scores - Should have a decent and good Credit Record*.

Difference between Bajaj Flexi/Overdraft Facility and Regular Loan


Any indivisual who is in search of urgent funds from banks should know that Flexi/Overdraft Facility is best option. It is difficult decide whether Normal Loan is best or Overdraft facility is best, the below information clears the difference between Normal Loan and Overdraft Facility:


Withdrawing Funds  Funds Withdrawal: - An Flexi/Overdraft facility is a form of credit which is offered to an Salaried individual based on a current account. In addition, the amount which is withdrawn varies depending on the customer’s requirement. However, a regular personal loan talks about a fixed amount which is borrowed from a specific bank highlighting a stated repayment duration.
Rate of Interest  Rate of Interest: - Considering an overdraft, the rate of interest is charged specifically on the borrowed Flexi/Overdraft amount and not on the stated limit; however, for a regular loan the rate of interest is applied on the whole amount borrowed, regardless if it is completely utilized or not.
Loan Period  Duration: - An overdraft is accessed for a lesser duration and the candidate isn’t allowed to borrow large amounts due to limits on credit. On the other hand, a Personal loan is accessible for a longer period, ranging from 3 to 5 years, with the availability to take large sums.
Loan Repayment terms  Flexible Repayment: - Flexi/Overdraft Accountis flexible to repayment. You can call it more flexible when considering the payment scheme, this payment option would be made possible in a lump sum which can be shut anytime. With regular personal loans, EMIs are involved that need to be paid on a schedule. If the EMI payments are not made timely, it can harm the customer’s credit ratings..

Features and Benefits of Bajaj Flexi Loan


Free Part-Prepayment

Part-prepay your loan whenever you have surplus funds, without any extra charge.

Choose to pay interest as EMI

Reduce EMI amount up to 50% by paying only interest as your EMI and principal amount at the end of your tenor

Online Withdrawal and Payments

Withdraw and part-prepay funds through the online customer portal, Experia, for hassle-free and smooth processing.

Interest Charged on Daily Basis

You are charged interest on a daily basis, as per the amount utilized at the end of the day.


Age Limit for Loan  Pre-Payments - No limit to the number of pre-payments that can be made in a day.
Age Limit for Loan  Paperless - Submit all documents online.
Employment for Loan  Part Payments - 0% Part Payment Charges.

Bajaj Finance Flexi loan comes with awesome flexibiity. The product is one of its kind wherin the customer can pre-pay and drawdown money by using the Expedia Portal within seconds. The product is easy and hassle-free. The customer gets benefits of saving interest cost by pre-paying the idle or any surplus funds that the customer may have.

Interest rates and processing fees are depends on the Company Category and Net Take Home Salary



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Accenture

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Wipro

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School Director

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How to Apply for Flexi Loan

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Online Form

Scroll to above online form. Fill all the details and submit the form.

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Provide Document

To get an instant approval, select your required loan amount and tenor.

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Approved Loan

Our representative will get in touch with you to collect the required soft copies of documents.

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Get your Money

The money will be credited to your loan account. You can then withdraw the funds you need and transfer them to your bank account within 2 hours.

Quick loan Process

Quick Loan
Approvals

Customer Satisfaction

Customers
Satisfied

No Hidden Charges

No Prepayment or
Hidden Fees

Best After Sales Support

Best After Sales Service