Benefits of Flexible Personal Loan
Flexible Credit Limit up to ₹90,000
Get an instant Flexible Credit Limit up to ₹90,000 available for up to 36 months.
Savings on interest
You pay interest on what you withdraw and not on the entire amount sanctioned to you.
Multiple Withdrawals
Withdraw any amount starting ₹5000, whenever you are in need of cash. Make multiple withdrawals with no additional documentation or extra charges.
Flexible repayments
Repay the outstanding principal whenever you have funds available, and just pay the minimum amount due every month.
Fee and Eligibility
Fee
Annual renewal fee | 2% of the credit limit |
Transaction fee | 2.5% of the disbursed amount |
Flat rate of interest | 24% - 56.5% Per Annum |
Days Past Due | Outstanding Principal Amount | |||||
Less than or equal to ₹ 5,000 | More than ₹ 5000 & Less than or equal to ₹ 50,000 | More than ₹ 50,000 | ||||
Late Payment Charges | Total Late Payment Charges | Late Payment Charges | Total Late Payment Charges | Late Payment Charges | Total Late Payment Charges | |
1 Day | ₹ 150 | ₹ 150 | ₹ 350 | ₹ 350 | ₹ 500 | ₹ 500 |
30 Days | ₹ 200 | ₹ 350 | ₹ 450 | ₹ 800 | ₹ 600 | ₹ 1100 |
60 Days | ₹ 300 | ₹ 650 | ₹ 550 | ₹ 1350 | ₹ 700 | ₹ 1800 |
90 Days & Above | ₹ 450 | ₹ 1100 | ₹ 750 | ₹ 2100 | ₹ 1000 | ₹ 2800 |
Note: In case of non-payment, Late Payment Charges shall be levied on the total outstanding principal amount of your loan.
Eligibility criteria
Frequently Asked Questions
What is a Flexible Personal Loan?
Flexible Personal Loan offers you flexible credit limit, from which you can withdraw any amount starting ₹5000, into your bank account, any time you want. You can use this limit for various purposes like medical treatment, home renovation, travel, wedding and/or any other financial requirement.