Personal loan flexi EMI plan is a personal loan EMI plan offered by Tata Capital under which you have the flexibility to pay higher EMIs when you are able to do so.
Considering this, can I pay advance EMI in Bajaj Finserv?
You can make online advance EMI payment by logging onto our Customer Portal and mobile app. Please note this facility is not available for Business Loans, Personal Loans, and Home Loans. You may also visit any of our branches to make this payment.
Besides, how does Flexipay work?
Flexipay is a facility offered to existing SBI credit cardholders to convert their big purchases into easy monthly instalments. Any SBI Card holder, with a transaction greater than ₹ 500 can convert the said transaction into Flexipay within 30 days.
How reliable is Bajaj Finserv?
For example, Bajaj Finance FD carries FAAA rating by CRISIL and MAAA rating by ICRA, which indicate the highest safety for your capital. Financiers with the highest stability ratings imply a safe investment environment and ensure that you get your returns promptly, without any default on the issuer’s part.
In a Flexi loan, repayment is more flexible. You must only pay interest on the amount you have borrowed and not the sanctioned loan amount. You can also lower your interest by making part-prepayments when you have the funds. So, Flexi loans end up saving money as well.
An overdraft loan allows quick access to a small amount of money to help you cover an overdraw on your account. The loan amount is typically anywhere from $75 to a thousand dollars with applicable interest rates and fees.
A flexi personal loan offers you a pre-approved cash limit, which can be withdrawn whenever you are in need of funds. … Further, repayments are flexible, given that you can make as many prepayments as you wish to during the loan repayment tenure.
A Flexi Loan is similar to an Overdraft facility provided by banks. As a borrower, you can withdraw the loan amount you require from the credit limit pre-approved by the bank. … You get the flexibility to pay the outstanding loan amount as and when you want to pay, but you need to pay the interest every month.
If you opt for a Flexi personal loan, the annual maintenance charge will be 0.25% on the loan limit. With a personal loan from Bajaj Finserv, there are no hidden fees or charges.
Flexi loans by Bajaj Finserv are the new way of borrowing funds in India. You get a pre-approved loan limit based on your credit profile and can use it to meet your funding needs on the go. You can withdraw funds from this limit whenever you need finance and can prepay them whenever you have surplus money in hand.
HDFC’s Flexible Loan Installments Plan (FLIP) is one such plan in which the loan is structured in a way that the EMI is higher during the initial years and subsequently decreases in the later years. Watch outs: Interest portion in EMI is as it is higher in the initial years.
CIBIL Score is a 3-digit numeric summary of your credit history, rating and report, and ranges from 300 to 900. The closer your score is to 900, the better your credit rating is.
Though credit cards were known to offer this facility, now debit cards have also started offering EMI facilities. ICICI Bank and Axis bank are the top 2 banks providing this offer. For the EI conversion process, one can ask the mercantile to swipe the card in EMI exchange mode and select a preferred tenure.
Age – The applicant applying for overdraft facility should be minimum 23 years to 60 years of age. Bank Account – Applicant applying for overdraft facility should have an active bank account. Income – Applicant must have a regular income inactive bank account.