A Flexi Personal Loan provides a convenient way to borrow, repay, and re-borrow funds as needed, all within your approved credit limit. This flexible loan option is perfect for handling variable expenses like home improvements, medical emergencies, or business needs.
Happy Customers
Monthly Personal Loans Disbursal
Partner Banks & NBFCs
Team Size of Experts
Flexi Personal Loans offer unmatched flexibility when compared to traditional loans. Here are the key benefits:
Flexi Personal Loans allow multiple withdrawals up to your approved limit, ensuring you have access to funds whenever needed. This makes it perfect for handling unexpected expenses or ongoing financial needs.
These loans often feature competitive interest rates. The best part? Interest is charged only on the amount you withdraw, not the entire loan limit. Many lenders even calculate interest on a daily basis, making it more affordable.
Flexi Personal Loans usually don't come with prepayment fees, allowing you to repay your borrowed amount anytime without additional costs. This flexibility helps in reducing your interest burden over time.
Flexi Personal Loans are unsecured, so no collateral or security is needed. This makes it accessible for individuals who do not have assets to pledge.
There are no restrictions on how you use a Flexi Personal Loan. Whether it's for travel, medical expenses, or personal projects, the flexibility to use the loan for any purpose makes it a versatile financial solution.
To qualify for a Flexi Personal Loan, you need to meet the following criteria:
The applicant should be between 21 and 58 years old at the time of applying, with the loan maturity not exceeding 58 years of age.
A minimum of 1 year of total work experience is required, with at least 6 months in the current job.
The applicant should have a minimum monthly net income of ₹20,000 to be eligible.
Applicants should be employed in a private or public limited company, LLP, or similar organization.
Only Indian citizens are eligible to apply.
A minimum credit score of 650 is usually required. Keeping a good credit history and making timely repayments on existing debts can improve your eligibility.
Having the necessary documents can simplify your application process. Here are the typical documents required:
PAN Card and Aadhaar Card are mandatory for identity verification.
Valid proof of address, such as a passport, rent agreement, or recent electricity bill.
Your most recent salary slip from your employer, indicating your monthly income.
Original bank statements for the last three months.
Proof of employment, such as an offer letter, monthly salary slips, or a copy of your employment contract.