Bajaj Finance offers personal loans in three unique variants – Term Loan, Flexi Term Loan, and Flexi Hybrid Loan. When you choose either of our Flexi variants a loan limit is assigned to you. You can withdraw funds from this loan limit as many times as you want without any additional paperwork. However, interest is charged on the amount you withdraw and not the entire loan limit assigned to you. With our Flexi variants, you also have the option to part-prepay your loan as and when you have funds to spare without paying any additional fee.
If you have an ongoing Flexi Personal Loan, you can use online Bajaj Finserv services for withdrawal and part-prepayment from the comfort of your home. Visit our customer portal – My Account to use these Flexi Loan features.
How to withdraw funds from your Flexi Personal Loan account?
You can withdraw funds from your available limit as and when needed, at no extra cost. Follow these simple steps to withdraw funds using My Account- Bajaj Finance customer portal
- Click on the ‘Sign-in’ button on this page to go to our customer portal
- Enter your registered mobile number and submit the OTP to sign-in
- Verify your details with your date of birth and proceed
- Choose your Flexi Loan account from ‘My Relations’
- Click on the ‘Drawdown’ option from ‘Quick Actions’
- Enter the amount needed from the available limit and proceed
- Verify your details with the OTP sent to your registered mobile number
You’ll receive funds in your registered bank account within 3 hours of raising your request. If there is any delay due to a technical issue, it will be processed again within 48 business hours.
How to part-prepay your Flexi Personal Loan account?
If you have surplus funds, you can use that amount to part-prepay your Flexi Loan. You can part-prepay your Flexi Personal Loan as many times as you want, at no additional cost.
- Visit our customer portal by clicking the ‘Sign-in’ button on this page
- Enter your registered mobile number, and submit the OTP to sign-in
- Verify your details by entering your date of birth and proceed
- Select your Flexi Personal Loan from the ‘My Relations’ section
- Click on the ‘Make Payment’ option within ‘Quick Actions’
- Choose ‘Part-prepayment’ from the list of payment options
- Enter the amount and proceed to complete your payment
While you do not need to pay any additional fee for part-prepayment, you’ll be charged with an additional fee known as annual maintenance charges (AMC) if you have opted for any of our Flexi Loans. These additional charges allow you to use our online Flexi services without hassles.
You can also use our Flexi Personal Loan services to check your loan details, download your loan statement, and more by visiting our customer portal. Sign-in to get started.
Download our app from Play Store/ App Store to use these Flexi Personal Loan services while you are on the move.
