Flexi Personal Loan

With a Flexi Personal Loan, repaying the borrowed amount becomes easier and more convenient. Herein, the payment made in the initial part of the tenure only consists of the interest component. This means that the EMIs are quite low at the start of the loan’s repayment period.

After this interest servicing period ends, the EMIs paid in the subsequent tenure consist of the principal and interest components. This flexibility in repayment may be beneficial if you are looking to manage temporary financial burdens or have seasonal income.

You can get a Flexi Personal Loan of up to ₹35 Lakhs on Bajaj Markets. The interest rate for the loan starts from just 10% p.a., while the tenure can range up to 96 months.

Here are the interest rates and other charges associated with a Flexi Personal Loan that you should know about:

*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.

While the flexi loan eligibility parameters set by the lender are simple, apply only after you meet them. Here they are:

• You need to be within the age bracket of 21 and 80 years, subject to the lender’s terms and conditions

• You need to be an Indian resident

• You need to work in a public or private company if you are a salaried employee

Here are some of the essential KYC documents and income proof you need to submit when applying for a Flexi Personal Loan from Bajaj Finance:

• Proof of Identity

  • Voter ID

  • Aadhaar card

  • Passport

  • Driving licence

• Address Proof

  • Passport

  • Utility bill

  • Rental agreement

  • Ration card

• Latest salary slips or ITR copies

• Bank account statements for the last 6 months

*Disclaimer: Bajaj Finserv Direct Limited takes no guarantee that your application will be approved, as loan approval is solely at the discretion of the lender.

The online process for getting a Flexi Personal Loan is simple and convenient on Bajaj Markets. Follow the steps and get access to funds instantly.

• Click on the ‘CHECK OFFER’ option on this page

• Select your profession and fill in other essential details like name, address, mobile number, etc.

• Check the applicable loan offer

• Enter the suitable repayment tenure and loan amount

• Submit the application form
  
  

Following this, the lender will reach out to you to further process your loan application.

Here are various instances of how these flexi personal loans can help you manage both planned and unplanned financial requirements:

• Manage unexpected medical expenses

• Fund your children’s educational requirements

• Use the funds as required for a vacation with your loved ones 

• Opt for these unsecured loans to renovate or improve the aesthetics of your home

• Fund wedding expenses by applying for a flexi personal loan

Aside from these, there are several other ways you can use a flexi personal loan as it does not have any end-use restrictions.

To better understand how the Flexi Personal Loan works and how it can be beneficial to you, let’s compare it with a regular term loan and a flexi term loan:

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.