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Convert Your Existing Loan Into A Flexi Loan
A Flexi Business Loan functions as a dynamic credit line, providing unrestricted access to funds within a sanctioned limit. Unlike traditional financing, it is a dynamic credit line designed for the unpredictable nature of entrepreneurship. It helps you navigate fluctuating market demands by providing unrestricted access to funds within your sanctioned limit. Whether you need to bridge a temporary gap or seize a sudden growth opportunity, you have the freedom to withdraw and repay funds multiple times throughout the tenor.
As a business owner, you can choose to withdraw amounts multiple times as per your needs from the sanctioned amount, whenever required.
The interest applies only to the amount you withdraw. Therefore,if you use only ₹3 Lakhs of the ₹5 Lakhs sanctioned, interest is charged only on ₹3 Lakhs.
You can get a high loan limit of up to 50 Lakhs by simply meeting the eligibility criteria and maintaining a healthy credit score.
Get the Flexi Business Loan through a hassle-free online process with minimal documentation and get your loan approved almost instantly.
The business loan interest rate for the Flexi Business Loan starts at 18% p.a.. A unique advantage with this loan is that interest applies only to the specific amount you withdraw rather than the total limit. However, the effective rate will vary based on the borrower’s profile, loan tenure, business performance, and loan amount.
Here’s the eligibility criteria that you should consider before applying:
To make the process much simpler for you, here are some documents you should keep handy when applying for a Flexi Business Loan.
| Document Type | Examples / Details |
|---|---|
KYC documents |
Aadhaar card, PAN card, voter ID, or passport of the applicant |
Business financial documents |
Audited balance sheets, profit & loss statements, ITR filings for the past 2-3 years |
Business proof |
Certificate of business existence, GST registration certificate, or trade license |
Bank account statements |
Business current account statements for the last 6-12 months |
Note: The lender may request additional documents based on the borrower’s profile, business type, and loan amount applied for.
You can apply for the loan by following the steps mentioned below:
Click here to head to the application page.
Select your profession in the digital form.
Enter your contact number and pincode
Review the terms and conditions and click the 'Proceed’' button to submit the form.
You can borrow a fixed amount for a specified tenure at a fixed rate of interest with a business term loan. The interest is charged on the entire amount, regardless of whether you utilise the entire sanctioned amount or not. In the case of a flexi loan, you can choose to withdraw any amount multiple times, as per your needs, from the pre-approved loan limit. Also the interest is charged only on the amount that you use and not on the entire sanctioned amount.
Bajaj Finance Flexi Business Loan gives you the option to make part prepayments without any additional charges. This is the case if the amount you pay is under 25% of the outstanding principal. However, if the amount exceeds, a fee will be levied by the lender as per the terms and conditions associated with the loan.
Yes, you can. With this option, you can benefit with a lower EMI amount, which reduces by up to 45% helping you manage your finances better.
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