Flexi Personal Loan

165+

YEARS OF EXCELLENCE

3.8+ Cr.

ACTIVE CUSTOMER BASE

1300+

BRANCHES ACROSS INDIA

₹3.9 Lakh Cr.

AUM AS OF JUNE, 2023

A Flexi Personal Loan is a unique financial solution that gives you access to a pre-approved credit limit, allowing you to withdraw funds as needed. Unlike traditional personal loans, you pay interest only on the amount you use, not the entire sanctioned loan. This loan works like a revolving credit line, offering financial flexibility for salaried professionals, business owners, and freelancers with unpredictable expenses. Whether you're managing medical emergencies, home renovations, business expansion, or travel expenses, a Flexi Loan helps you stay financially prepared without the burden of fixed EMIs.

Features of a Flexi Personal Loan

Withdraw Funds as Needed

Access your approved credit limit and withdraw funds whenever required.

Pay Interest Only on the Used Amount

Interest applies only to the withdrawn sum, reducing overall borrowing costs.

Flexible Repayment Options

Choose to pay just the interest initially and repay the principal later.

Zero Foreclosure Charges

Close your loan anytime without penalties.

Instant Access to Funds

Withdraw money instantly through an online portal or mobile app.

Minimal Documentation

No need for repeated approvals access your funds with ease.

Higher Loan Limit

Enjoy a pre-approved credit line tailored to your financial needs.

How to Apply for a Personal Loan for iPhone?

1step

Apply Online

Visit the loan application page and submit your details.

2step

Upload Documents

Submit your KYC and income proof digitally for verification.

3step

Get Approval

Once verified, receive a pre-approved credit line.

4step

Withdraw Funds When Needed

Access your loan limit and use funds as per your requirements.

5step

Pay Interest Only on the Used Amount

Enjoy lower borrowing costs by paying interest only on what you withdraw.

Flexi Loan Eligibility

Before opting for a Flexi Loan, ensure you qualify by checking your eligibility here.

Documents Needed

Proof of identity and address Passport / Aadhaar Card / Voter's ID / Driving License / Job Card issued by NREGA / Registration certificate / PAN card (PAN Card only as identity proof)
Proof of incomeSalary slip for the last 3 months showing all deductions and Form 16
Bank statement where income is credited Last 6 months
Proof of other incomeLast 3 months' salary slips or Salary certificate. Last 6 months' bank statement where salary is credited directly. Latest Form 16

Disclaimer - All loans will be at the sole discretion of ABCL.

Eligibility Criteria

Nationality

Age

CIBIL Score

Employment

Indian citizen

21 years to 60 years*

700 or higher

Salaried

* Higher age limit is applicable at the time of loan maturity.

Note - This is an indicative list that may change based on your actual loan application.

Customer Satisfaction Stories

Mr. Hiralkumar Ashokbhai Patel

Aditya Birla Finance Customer

Mr. Pramod Kumar Saini

Aditya Birla Finance Customer

Mrs. Snehal Rajpure

Aditya Birla Finance Customer

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FAQs on Flexi Loan

A Flexi loan is versatile and can cover various expenses like home renovations, marriage expenses, education fees, vacations, debt consolidation, purchasing electronics and appliances, medical bills, business investments, car repairs, and more.

No! There's no restriction on the number of withdrawals you can make, allowing you to access funds as and when required. However, it's crucial to ensure that your withdrawals remain within the pre-approved credit limit sanctioned by Aditya Birla Finance. This ensures responsible borrowing and prevents you from overextending your finances.

No. There is no difference between a 'Flexi loan' and a 'personal line of credit'. The terms are often used interchangeably, as they essentially refer to the same type of revolving credit facility. Both options provide a flexible line of credit, allowing borrowers to withdraw funds up to a pre-approved limit and repay them as needed. The primary distinction between the two terms lies in their branding and usage, with "Flexi loan" being more commonly used by Aditya Birla Finance and "personal line of credit" being a general term used by various financial institutions.

The interest rate for a Flexi loan depends on several factors, including your credit score, repayment capacity, type of employment, and existing financial liabilities. However, in general, Flexi loans are offered at competitive interest rates that are comparable to, or sometimes even lower than, regular personal loans.

Unlike a traditional personal loan, where interest is charged on the entire sanctioned amount, a Flexi Personal Loan charges interest only on the amount you withdraw. Since interest is calculated daily, you pay only for the funds you use and for the number of days you use them.

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Our Lending Partners

Aditya Birla Capital Limited

10th Floor, R-Tech Park, Nirlon Complex, Goregaon, Mumbai - 400063, CIN: L67120GJ2007PLC058890, GRO Details: Mr. Arijit Sen, 9820023959, grievance.finance@adityabirlacapital.com