Flexi Personal Loans
Get the best deals on flexi-personal loans with attractive rates. Apply now and get instant sanction of personal loan with flexi EMI repayment options
What is Flexi Loan?
A Flexi Loan is a type of loan which allows you to borrow a portion of amount from the full sanctioned loan amount. You can repay the portion of the loan availed along with its interest while the rest of the sanctioned loan amount remains unaffected. Since there is flexibility in repaying the principal amount at your convenience, it is termed as Flexi Loan
Features and Benefits of Flexi loans
Flexi Loans are incredibly beneficial for people who are looking to avail personal loan with a relaxed repayment schedule.
Easy Fund Approval
Lower Interest Rates
Eligibility Criteria for Flexi loans
- A Flexi Loan is available for both salaried as well as Self-employed individuals with differing eligibility criteria.
- A Lender might take into account several factors while approving your flexi loan, such as age, income, nature of employment, and your credit history.
- A credit score of 750 and above is usually preferred by the borrowers for approving Flexi Loans. Having such a score would help you avail the loan at lowest interest rates. You can always check your credit score for free at our site.
- Existing loan commitments also have an impact on your flexi loan approval
|Monthly Income||15000 (net salary)||Rs. 25000|
|CIBIL Score||Above 750||Above 750|
|Employment Stability||Min 1 Year in current company||Min 2 years in current business|
|Minimum Loan Amount||Rs. 50000||Rs. 50000|
|Maximum Loan Amount||Rs. 25 Lakhs||Rs. 30 Lakhs|
Documents required for Flexi Loans
PAN Card, Voter ID, Aadhar Card, Passport, Driving License
Ration Card, Aadhar Card, Voter ID, Bank Statement
Salaried – 3 months Payslip, Bank Statement Account
Self-employed – Bank Account Statement, ITR, Balance Sheet of past two years/GST Registration/Partnership Deed/License
*Certain lenders may ask additional documents other than the ones listed here.