A loan is a loan sanctioned to an individual for the purpose of investing it in business work. The Flexi loan is one of the most popular business loan options in today’s time. You are sanctioned a loan amount where you have the flexibility to withdraw funds as many times as you want within the limit. Unlike a traditional personal loan, you do not get the full amount disbursed at once in your account with interest applicable.
In a Flexi loan, just an overdraft facility, the limit is set and the interest is levied only on the amount withdrawn by you and not on the complete loan amount sanctioned. You can use the funds for any purpose and also repay the loan as per your comfort. This is a great option for people looking for a flexible option for a personal or home loan.
A Flexi loan gives you the ease to use your money when required without having to file multiple loan applications. This is one benefit to mention. Have a look at the several benefits that the Flexi loan offers to its borrowers:
Just like when you apply home loan, Flexi loans also require the borrowers to submit a few documents for verification purposes. You can easily apply for a Flexi loan at Piramal Finance by presenting the documents listed below:
There is a basic set of eligibility criteria that an applicant must fulfil in order to apply for a Flexi loan at Piramal Capital & Housing Loan. Salaried and self-employed individuals have different sets of eligibility criteria. These are as follows:
Particulars | Criteria |
---|---|
Age | 21 years to 70 years |
Employment Type |
|
Particulars | Criteria |
---|---|
Age | 23 years to 70 years |
Employment Type |
|
Applying for loans and fulfilling your financial requirements have become quite easy with the easy-to-avail Flexi loan options. At Piramal Finance, you can easily apply for a loan via online method from the comfort of your home or office. Use the funds as and when needed and repay when there is a surplus. So, start planning your business while PCHF is here to take care of your finances.
[Also Read: Should you Consider getting a Home Loan - Piramal Finance ]