Which is best Flexi loan or personal loan?
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Which is best Flexi loan or personal loan?
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.
Which is better Bajaj Finance or HDFC?
HDFC Bank scored higher in 2 areas: Work-life balance and Culture & Values. Bajaj Finance scored higher in 7 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Senior Management, CEO Approval, \% Recommend to a friend and Positive Business Outlook.
Is Bajaj Finance Flexi Loan good?
Another excellent benefit of Bajaj Finserv Flexi Term Loan facility is that you only pay interest on your withdrawal amount. So, if you first withdraw only Rs. 2 lakh, you will pay interest on this. 10 lakh, you will pay interest on Rs.
What is Flexi loan interest rate?
The lender sets an interest rate of 10.25\% and a processing fee of 2\% of the loan amount.
What is the future of Bajaj Finance share?
Bajaj Finance Ltd quote is equal to 6851.400 INR at 2021-12-26. Based on our forecasts, a long-term increase is expected, the “Bajaj Finance Limited” stock price prognosis for 2026-12-18 is 13278.60 INR. With a 5-year investment, the revenue is expected to be around +93.81\%.
Can I close Bajaj Flexi loan?
If you wish to foreclose your Flexi loan account, an additional fee of 4\% (plus taxes and cess) on the total withdrawable amount is applicable.
What is the interest rate of Bajaj Flexi loan?
13\%
Comparison of Flexi Personal Loans
| Particulars | Bajaj Finserv |
|---|---|
| Interest Rate | 13\% |
| Tenure | Depends on your preference and loan sanctioning conditions |
| Loan Amount | As per individual applicant profile |
| Processing Fee | 0.25\% of loan amount + GST |
What is Flexi fee in Bajaj Finserv?
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.
Why Bajaj Finance share is increasing?
Meanwhile, it has upgraded its rating on Bajaj Finserv stock from Hold to ‘Buy’ and raised target price to ₹20,200 per share from ₹13,500 earlier. It sees robust premium growth & selective product mix to aid business growth & earnings in life & general insurance business as key triggers for future price performance.
What is a flexi personal loan from Bajaj?
However, a Flexi Personal Loan from Bajaj Finserv offers you instant approval on your loan with money credited to your bank account in 24 hours. You can apply for the personal loan online in a couple of minutes by furnishing just a few documents for your personal loan to be approved.
What is a flexi loan in India?
Flexi Loans are the new way of borrowing funds in India, where you get access to a pre-approved loan limit based on your credit rating. Borrow funds whenever you need them and prepay when you have additional funds in hand. Also, pay interest only on the amount you utilize out of the borrowed amount, and get the option to pay just the interest
What is the difference between a flexi loan and a personal loan?
The major difference between the two is the flexibility of using the loan amount. Though Flexi loans may appear to be a more affordable option, I would advise taking the help of a financial expert to figure out the best option for you.
What is the difference between nbnbfc and Bajaj Finance?
NBFC’s other hand have a better connect to consumers offering them services at a two-wheeler dealer or a consumer goods retailer. Bajaj Finance has representatives stationed at large durable retailers, helping them collect data too.