Best Home Flexi Loan 2022


Home Flexi Loan

With a home flexi loan you reduce your regular outgoings by paying only the interest on your loan to begin with. You can borrow up to your agreed limit and make payments as often as you like. Interest is charged only on the amount you actually use. There are no additional fees for withdrawals and no charges for unused funds.

Home Flexi Loan

Interest rates are usually slightly higher than those for table loans, although simple principal repayments can be made at any time.
The advantages are:

  • As long as you stay in your current home, you can keep the same Flexi loan for all your loans
  • Interest is charged only on the portion of the loan that you actually use (with no fees or interest charges on the rest).
  • Every month you need to pay only the interest charged on your Flexi loan. However, you can make principal payments whenever you choose or as much as you choose
  • You are as close as a phone call to your funds. Just call and transfer money from your bank account
  • How you spend your money is entirely up to you
  • Monthly statements will help keep you up to date on any transfers or repayments you’ve made, as well as tell you how much credit you still have available.

You can consolidate all your borrowing into one loan instead of using a mortgage for some things, purchases for others and credit cards for the rest.

What is a Flexi Loan?

A flexi personal loan provides a pre-approved cash limit that you can use when you need money. Most lenders charge moderate interest rates and offer flexible repayment arrangements. The main advantage of taking a flexi personal loan is that banks charge interest only on the amount you use instead of the approved Flexi loan amount. It reduces the total interest you have to pay.

what is flaxi loan - Best Home Flexi Loan 2022

Documents Required for FlexiLoans Business Term Loan

FlexiLoans’ documentation process is simple and hassle-free to ensure that customers get business loans for their organizations. Details of documents required by Loans are mentioned below.

Identity proof of owner (partner, etc.)

Applicants need to provide the PAN card of the owner or partner or promoter of the entity as the case may be. PAN Card is a mandatory requirement and cannot be ignored.

Address proof of owner (partner, etc.)

Address proof of the applicant is also another mandatory requirement for which the applicant can provide any of the following documents.

  • aadhar card
  • Passport
  • Voter ID
  • Ration card
  • Latest utility bills
  • Registered rental agreement / lease agreement

Bank statements

A business bank statement showing the last 6 months of business current account transactions has to be submitted as part of the documentation.

Business documents

Business documents of an entity are documents related to proof of ownership of the owner and documents showing the registration of the business with various laws. The following documents are to be submitted along with the proof of ownership as part of the business documents.

  • GST registration documents
  • Shop and Establishment Act Registration Certificate
  • PAN Card of Professional Organization
  • Business financial documents

Business financial documents to be provided as part of the document

  • Audited financial statements for last 2 years (Balance Sheet, Profit and Loss Statement, Income Statement, Cash Flow Statement, Income Statement)
  • Latest ITR of last 2 years
  • Last 6 months GST return

financial documents


The above documents have to be submitted digitally. Customers can get information regarding its format through the customer care of FlexiLoans.

How to Apply for FlexiLoans Business Term Loan?

FlexiLoans’ term loan application process is completely digital. It ensures that customers can apply for loans from anywhere and at any time convenient for them. The entire process being digital reduces or eliminates the need for customers to visit the lender multiple times for purposes such as obtaining application forms, submitting along with documents and any other related queries.

The steps involved in the application process for Loans term loans are explained below.

The first step is to click on the lons website
The next step is to click on the ‘Apply Now’ tab available at the top right corner of the home page.
After clicking on it, customers will be directed to a new page where they will need to fill their basic details viz

  • Name (which should be the same as shown on their PAN Card)
  • mobile no
  • Email Id
  • Profession (business or salaried employee)
  • Loan amount required

After filling the above details, the applicant has to click on the ‘Check Eligibility’ tab.
The eligibility of the applicant will be checked in few minutes and after that the applicant can fill the application form.
After filling the application form properly, the applicant has to upload the required documents along with it before submitting it. will then verify the documents and submitted application.
On his satisfaction, the applicant will be given loan of the required amount and the funds will be disbursed within 2 days to the bank account specified by the applicant in the application form.

Features and Benefits of Loans Term Loan

Below are the features and benefits of Loans Term that make it an attractive option for small businesses.

Loan amount

The loan amount that can be availed as Loans business or term loan is at least Rs. 50,000 and a maximum of Rs. 1,00,00,000.


The repayment period of Loans is very reasonable and flexible. Customers can opt for term loans offered by Flexi Loans for a maximum tenure of 24 months or up to 2 years.

Interest rate

The interest rate charged on term Flexi loans is very competitive and does not impose any burden on the customers. Flexi Loans charge interest starting at 1% per month of the Flexi loan amount. The final rate of interest will depend on the loan amount, tenure, customer’s credit profile etc.


FlexiLoans term Flexi loans do not require customers to provide any collateral. The Flexi loan can be disbursed without any collateral or guarantee which in turn ensures speedy disbursement of the loan while at the same time protecting the ownership of the business and its assets or interests.

Flexibility in repayment of loan

Loans offer customers flexible repayment options. Customers can repay the taken in weekly or monthly EMIs as per their convenience.

Fees and charges

Does not charge any additional or hidden costs for its loan products. The company charges nominal processing charges as well as late payment charges in case of delay or default in payment of EMI. The details can be obtained from the customer care of the company.

FAQs – FlexiLoans Term Loans

1. What is the loan amount under term loan?

Loan amount under FlexiLoans term loan is Rs. 50,000 up to Rs. 1,00,00,000.

2. What is the tenure of the Flexi loan?

The Flexi loan tenure is up to 24 months or 2 years.

3. What is the interest rate of term loan?

The interest rate starts from 1% per month of the Flexi loan amount. The final rate of interest will vary from case to case.

4. What are the payment modes of EMI?

The EMI payment methods available are,

  • Auto debit from bank account through ECS form / NACH command
  • Post Dated Checks (PDCs)

5. What are the other products of FlexiLoans?

Other products of FlexiLoans are,

  1. credit line
  2. Loan against POS
  3. Vendor Financing
  4. Value added services






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