A Bajaj Finance Flexi Loan Scheme / Account is a unique and innovative offering. It allows you to manage your cash flow more effectively and save interest smartly.
Enjoy A unique set of benefits with Flexi Loan:
Flexibility to transact (prepay and drawdown) in your loan account as per your cash flow requirements.
Maximise savings by paying interest only on the utilised amount.
Convenience to trasact in your loan account through an integrated web based platform with no manual intervention.
First Pre-payment can be made within 36 hours of loan disbursement.
No limit to the number of pre-payments that can be made in a day.
0% Part Payment Charges
After opening a flexi loan account, you are provided with a virtual account number in which you can make RTGS transfer of surplus funds as pre-payment and withdraw the surplus as per your business requirement.
See an illustration example of how you can save Rs.42,174 when you take a flexi loan compared to a term personal loan.
|Flexi Loan Account Repayment||Normal Term loan Repayment|
|Part Prepayment (3rd Month)||300000||Nil|
|Withdrawal (3rd month)||100000||Nil|
|Part Pre Payment (15th month)||300000||Nil|
|Withdrawal (20th Month)||150000||Nil|
|Total Interest Paid||113661||155835|
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