Flexi Loan_ A Flexible Solution for New-Age Borrowers - FlexSalary

1. Flexi Loan: A Flexible Solution for New-Age Borrowers A Flexi loan is a pre-approved cash limit that enables you to avail of instant financial help whenever you are in dire need of it. Financial emergencies can arise unexpectedly at any time. Not every one of us is equipped with liquid cash to deal with such unplanned situations. A few people either utilise their savings and other few utilise their investments to save themselves from financial calamities. But, to help yourself, sail through the tough situation easily and smoothly without having to break your savings or utilise your investments, availing a Flexi loan can be your best bet. The main advantage of using a Flexi loan is you will be charged interest only on the amount that you have utilised and not on the total amount that is approved. This way, the total interest that you need to pay will also be reduced. Not only this but many more benefits of a Flexi loan and how it can be utilised as a flexible option for new-age borrowers are also discussed in this write-up. So, let’s get further. Can a Flexi Loan be Considered a Flexible Solution for New-Age Borrowers? Definitely, yes! Here are a few benefits to help justify the flexibility of a Flexi loan in comparison to other traditional loans. ● Borrow funds only when needed - Once the Flexi loan is disbursed, you are flexible to withdraw funds up to the maximum credit limit that is being offered to you. So, you end up borrowing only the amount that you need. ● Easy repayments with part-prepayments - Online lenders who offer Flexi loans provide you with an option to repay flexibly. You will pay interest only on the amount that is withdrawn and not on the total amount that is sanctioned. Additionally, you can also make part-prepayments when you are having sufficient funds, and thereby lower the interest as well. ● Lower EMI - Since it is not necessary to withdraw the entire sanctioned loan amount, you can end up saving on your interest costs. This way you can convert into lower EMI payouts every month, which in turn can hike up your monthly cash flows. ● Hassle-free financing option - It is now easy for salaried professionals to avail of a Flexi loan, as you are free from lengthy paperwork. This way, you can consider a Flexi loan a hassle-free financing option. Conclusion

2. Based on the above discussion, it is clearly established that a Flexi loan is one of the most flexible and convenient options for new-age borrowers. If you are planning to avail a Flexi loan but are not sure where to avail one, then prefer a non-banking finance company for NBFC Loan (NBFC). FlexSalary is a loan offering product of an NBFC called Vivifi India Finance Private Limited, which is registered with the Reserve Bank of India (RBI). The application process, approval and disbursal of credit happen in less than 24 hours, and you can avail of a loan starting from a minimum of INR 4000 to a maximum of INR 2,00,000 with FlexSalary. Not only this, FlexSalary aligns with all the benefits discussed above, and hence, you can knock on the door of FlexSalary at any time.