A Flexi loan provides freedom to the borrowers regarding repayment schedule. Borrowers must make fixed monthly payments with traditional loans, regardless of their financial situation. However, with a flexi loan, borrowers can make flexible repayments of outstanding loan amount. This can be especially helpful for businesses with fluctuating cash flow or individuals with irregular income. Hence, it is becoming more popular among the masses.
Fees and Charges
Get flexi loan at competitive fees & interest rate. Below is a table of our fees and charges –
Fees and Charges
Get flexi loan at competitive fees & interest rate. Below is a table of our fees and charges –
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Row 1
- Features and Fees
- Details
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Row 2
- Interest Rates
- {plintrestrate}* p.a. onwards.
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Row 3
- Loan Amount
- ₹ 25,000 to ₹ 5,00,000.
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Row 4
- Processing Fees
- Up to 5% plus applicable taxes.
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Row 5
- Loan Tenure
- 3 - 60 months tenure
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Row 6
- Prepayment Charges
- ₹ 0
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Row 7
- Foreclosure Charges
- ₹ 0
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Row 8
- Stamp Duty
- At actuals (as per state)
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Row 9
- Cheque Bounce Charges
- ₹ 500 plus applicable taxes
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Row 10
- EMI Bounce Charges
- ₹ 500 plus applicable taxes
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Row 11
- EMI Pickup/Collection Charges
- ₹ 250 per visit plus applicable taxes
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Row 12
- Cash Collection Charges
- 1% of collection amount of Rs. 50000 and above in cash + taxes
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Row 13
- Change of Loan Repayment Mode
- ₹ 500 plus applicable taxes
Key Features & Benefits
Flexi loan is designed to provide quick funds to borrowers, which can be repaid in a flexible way. These features and benefits at Piramal Finance that aim to streamline the customer journey with us are as follows:
Digital Loan Processing
You can use the Piramal Finance website anytime, anywhere, to apply for a flexi personal loan within minutes. The fast, seamless online verification process disburses your loan amount on the same working day.
Digital Documentation
Collecting and managing all the requisite paperwork can consume a lot of time until the loan procedure is complete. Piramal Finance's digital personal loan needs less paperwork and offers real-time verification for added convenience.
No Need for Collateral
Piramal Finance does not need collateral for a flexi personal loan. We know emergencies can happen to anyone, so we avoid anything that could slow down getting the loan.
Affordable Interest Rate & Flexible Tenure:
Piramal Finance sets the interest rate for a flexi loan starting at 12.99%*pa, which is both reasonable and competitive. The low-interest rate makes your EMI lesser and more convenient to repay. Furthermore, we offer a maximum loan repayment term of five years, which can be extremely beneficial in terms of obtaining low EMIs and balancing your finances.
How to get a Flexi Loan on the same day?
You can easily apply for a instant loan at Piramal Finance. Follow these steps:
Step 1: Click on Apply Now and start your Flexi Loan application
Step 2: Enter your mobile number linked to your bank account.
Step 3: Enter the OTP received on your mobile number.
Step 4: Enter the required document and verify the same.
Step 5: Bank account verification.
Step 6: Income Verification.
Step 7: Check the Final Loan Offer, Accept, and continue the final process