✓Avail a Personal Loan for Travel ✓ Loan up to 20 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Check Eligibility

What is Flexi Loan?

With Flexi Loan, you are offered a pre-approved loan limit, which is determined on the basis of your credit profile. You can borrow funds multiple times from your account without the need for fresh applications and prepay as per your convenience.


And the best part! You are charged interest only on the utilised amount. This form of credit helps you manage immediate monetary requirements and offers easy prepayment options as well.

Features & Benefits of the Flexi Loan

Enjoy a High Amount of Credit

With Flexi Loan, you get a credit line of up to ₹25 Lakhs. So, whether you utilise the loan amount for recurring expenses or any kind of unplanned emergency, you will have a sound financial backing.

Affordable Interest Rates

Flexi Loan interest rate is affordable, which helps reduce your overall borrowing costs. The interest is calculated on the loan amount utilised by the end of the day.

Easy Application and Quick Sanction

The Flexi Loan comes with an ease of application by allowing you to apply online. Simply fill out the form and submit a few documents, and get a quick approval.

Lower Your Interest Obligation and Prepay Without Charges

Pay interest only on what you borrow and prepay your loan at your convenience without the need to pay any additional fee.

Minimal and Simple Documentation

Once you meet the required eligibility criteria, you can get quick loan approval. Simply submit KYC documents, bank account statements, and salary slips and you are done.

Flexi Loan Fees and Charges

Interest Rate

12% - 28% p.a.

Processing Fee

Up to 4.72% of the loan amount, along with applicable taxes

Maximum Loan Amount 

Up to ₹35 Lakhs

Loan Tenure

12 months to 96 months

Foreclosure Charges

Up to 4.72% of the total withdrawable amount as per the repayment schedule as on the date of full prepayment

Part-payment Charges


Penal Interest

42% per annum applicable on the Monthly Instalment outstanding

Disclaimer: Aforementioned loan specifics are subject to change at the discretion of the lending institution. 

Eligibility Criteria for Flexi Loan

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

Documents Required for Flexi Loan

Here are some of the essential KYC documents to submit when you apply for a flexi loan online or offline:

  • Proof of Identity - Voter’s ID Card, Aadhaar Card, Passport, or Driving Licence

  • Address Proof - Passport copy/ Utility bill / Rental agreement/ Ration card

  • Latest salary slips or ITR copies

  • Bank account statements for the last 6 months

How to Apply for a Flexi Loan

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

  • Step 1: Click on the ‘APPLY NOW’ tab

  • Step 2: Select your profession and fill in other essential details like name, address, mobile number, etc.

  • Step 3: Check the applicable loan offer

  • Step 4: Enter the suitable repayment tenure and loan amount

  • Step 5: Receive funds in your bank account after the loan is sanctioned

Uses of Flexi Personal Loans

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

  • Manage unexpected medical expenses, especially when you do not know the total amount you need

  • Fund your children’s educational requirements or other recurring expenses 

  • 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

Differences Between a Term Loan & Flexi Loan

Term Loan

Flexi Loan

EMIs include both principal and interest components

EMIs include only the interest during the initial repayment tenure 

Pay the same EMIs over the entire course of the loan

Withdraw funds whenever required within the sanctioned limit. 

You will be charged a prepayment charge, if you wish to prepay your EMI amount

You can also prepay the loan amount at no additional cost whenever you have surplus funds.

FAQs on Flexi Loan

What is the maximum loan amount I can borrow when I opt for the Bajaj Finserv Flexi Loan?

You can borrow a maximum amount of up to ₹25 Lakhs with a flexible repayment tenure. 

Is it possible to apply for a flexi loan if I have an existing personal loan?

Yes, you can opt for a Bajaj Finserv Flexi Loan, provided you maintain a good repayment history and meet the required eligibility criteria.

What is the maximum number of times to withdraw funds from the Bajaj Finserv Flexi Loan account in a day?

You can withdraw funds a maximum of 5 times in a day.

Loan Offer
Download App