Draw as You Need
Take out smaller amounts against your limit as expenses come up, instead of borrowing it all upfront.
Flexi Personal Loan
A Loan That Moves at Your Pace
Instead of one lump sum, a flexi personal loan gives you a sanctioned limit you draw from as needs come up—paying interest only on what you've actually used, not the whole approved amount.
Up to ₹25LIndicative sanctioned limit
Interest on usageNot on the full limit
Draw anytimeWithin your tenure
Before you apply
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Need funds in stages, not all in one go
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Have a steady income to support the sanctioned limit
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Comfortable tracking a limit instead of a fixed loan
Why it works
Built for Needs That Arrive in Parts
Not every expense shows up at once. A flexi personal loan is designed for the ones that trickle in over weeks or months.
Pay for What You Use
Interest is charged on the utilised amount, not the entire sanctioned limit sitting untouched.
Reuse the Limit
As you repay, the limit frees up again within your tenure—no need to reapply from scratch.
How it flexes
The Details That Make It Different
The mechanics that separate a flexi personal loan from a standard, fixed-EMI one.
Interest-Only EMI Option
Pay just the interest for an initial stretch, with principal repayment structured later.
Part-Withdrawal
Draw a portion of your limit now and the rest later, as your actual need becomes clearer.
Foreclose Anytime
Close out the utilised portion early if your cash flow allows, subject to lender terms.
Renewable Limit
A track record of clean repayment can support a higher or renewed limit at review time.
Doorstep Documentation
Most paperwork is collected digitally, without needing a branch visit to get started.
Usage-Based Cost
Your total interest cost tracks how much of the limit you actually draw, and for how long.
Eligibility
Where Do You Stand?
General guidelines lenders weigh for a flexi limit. Actual criteria differ by lender and are confirmed during assessment.
Who typically qualifies
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Age21 to 60 years at application, in most cases.
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IncomeA steady monthly income able to support the limit you're seeking.
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Work historyA reasonable stretch with your current employer, business or practice.
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ResidencyA settled address history in your current city.
What strengthens your case
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Credit scoreA track record of on-time repayment supports a larger, more flexible limit.
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Existing obligationsLower running EMIs relative to income improve approval odds.
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Complete KYCPAN, Aadhaar and address proof kept current.
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Clean banking recordNo recent cheque bounces or overdue remarks.
Documents
Sorted by Who You Are
Pick the category closest to yours. Requirements can still shift slightly by lender.
- PAN card and Aadhaar, or another valid ID
- Latest 2–3 months' salary slips
- Salary account statement for the last 6 months
- Employee ID or an HR-issued letter, if requested
- A recent passport-size photograph
- PAN card and Aadhaar, or another valid ID
- Business registration or proof of practice
- Income tax returns for the last 2 years
- Bank statements for the last 6–12 months
- A recent passport-size photograph
- PAN card and Aadhaar, or another valid ID
- Pension payment order (PPO)
- Pension account statement, last 6 months
- Age and identity proof
- A recent passport-size photograph
How to apply
From Sanctioned Limit to First Withdrawal
Share your details
Tell us about your income and the limit you're hoping to be considered for.
Submit your documents
Upload KYC and income proof securely, without a branch visit.
Get your limit sanctioned
The lender reviews your profile and confirms the limit you're approved for.
Draw what you need
Withdraw against your limit in parts, as and when an expense comes up.
Repay and reuse
Repay what you've drawn, and that portion of the limit becomes available again.
Plan a drawdown
See What a Drawdown Might Cost You.
Move the sliders to get an illustrative EMI on an amount you draw and choose to repay in instalments. Your actual cost depends on how much you draw and for how long.
Example only—not an offer or approval.
₹50K₹25L
12 months60 months
11%22%
Estimated monthly payment₹
17,090at an illustrative 14% p.a.
Apply Now
FAQs
Flexi Loan Questions, Answered
Still unclear on something? Reach out and we'll walk through it.
Contact usA regular personal loan gives you the full amount upfront. A flexi
personal loan sanctions a limit, and you draw from it in parts—paying interest only on what you've
actually used.
Some lenders set a minimum draw amount, others don't. This is confirmed
at the time your limit is sanctioned.
No. Interest is charged only on the amount you've drawn and for the
period it stays outstanding, not on the unused portion of your limit.
Often, yes, based on your repayment track record and updated income. This
is reviewed by the lender at renewal time rather than guaranteed upfront.
Some lenders charge a foreclosure fee on the utilised amount, others
don't. This is disclosed clearly in your sanction terms before you accept.
Yes. Like a standard personal loan, there's usually no restriction on
what each withdrawal is used for.