How much is the down payment in Flexi Finance?

Flexi Finance as one of the leader in sales financing offers fast and easy to avail of low-installment loans with a flexible downpayment amount as low as 10% of the selling price with the option of getting more than one item in a loan, and installment of up to 36 months.

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Also, can I get two items in home credit?

Can I buy multiple items at the same time? Yes! Most partner stores offer bundling. You can purchase up to three items provided they are not the same item type and subject for approval.

One may also ask, can I go to jail for not paying a personal loan? Loan defaulter will not go to jail: Defaulting on loan is a civil dispute. Criminal charges cannot be put on a person for loan default. It means, police just cannot make arrests. Hence, a genuine person, unable to payback the EMI’s, must not become hopeless.

Moreover, can you go to jail for not paying a loan Philippines?

Will I go to jail if I have an unpaid loan? As explicitly stated in the 1987 Philippine Constitution under Section 20 of Article III, no one shall be imprisoned due to debt, so you don’t need to worry about debt collectors threatening you that they will send out the police to arrest you tomorrow.

Can you go to jail for not paying Flexi Finance?

You can’t be arrested for debt just because you’re behind on payments. No creditor of consumer debt — including credit cards, medical debt, a payday loan, mortgage or student loans — can force you to be arrested, jailed or put in any kind of court-ordered community service.

Do flex loans check credit?

But flex loans are unsecured and can be an option if you have rough credit or little to no credit history. Flex loan lenders may not require a credit check. But as with virtually any type of credit, the more risk the lender assumes, the higher the interest rate you’re likely to pay.

How do I get approved for Flexi Finance?

Flexi Finance provides loans to any individual, who are aged between 18-68. Applicants must posses at least two valid IDs (SSS, TIN, Voter’s ID, Passport, Driver’s license). Applicant must also be employed at least for 3 months.

How do I withdraw from a flexi loan?

The money will be credited to your loan account after approval. You can then withdraw the funds as you need and transfer them to your bank account within 2 hours. You can also SMS “SOL” to 9773633633, or give a missed call on 9211175555.

How does a flexi loan work?

With a Home Flexi Loan you reduce your regular outgoings by only paying the interest on your loan to start with. You can borrow up to your agreed limit and repay as often as you like. Interest is only charged on the amount you actually use. There are no extra fees for withdrawals and no charges for unused funds.

Is Flexi Fi interest free?

Up to 18 Months Interest-Free Finance Terms Available*. Get approval in minutes* Paying for your bespoke furniture is now even easier! We have become a registered partner with Flexi-Fi so you can now spread the cost of your Ventura Purchase; an easy alternative to paying with cash or credit card.

Is Flexi loan good?

Bajaj Finserv Flexi Loan is, after all, a personal loan product. The rate of interest is likely to be quite high. … Interest-only EMI sounds good and provides flexibility in loan repayment. However, at the same time, you end up paying more in terms of absolute interest.

Is Juanhand legal?

Juanhand appeared in the Philippines in 2019 and is operated by WeFund Lending Corp. … WeFund Lending Corp is part of the Philippine FinTech Association and operates completely legally. The company plans to become one of the leading financial services providers in the Philippines.

What happens if you dont pay Flexi Finance?

What happens if I pay my installment past the due date? Under normal circumstances, there will be a corresponding penalty for each day of delay and the interest will continue to increase every day until you can settle your account.

What is Flexi Financial?

FlexiFinancials is a financial management solution that helps large and enterprise organizations manage complex accounting needs. It’s deployed either on-premise, in the cloud or in a hybrid environment. Companies have the option of purchasing the entire suite via the Flexi Workflow engine or just specific modules.

What is the benefit of Flexi loan?

Benefits of Flexi Loan

To get a fixed limit of money which is being set to withdraw money. The availability of funds remains at all times. The interest rate is lower than other loans. The loan repayment process is flexible.

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