A flexi loan, also known as a personal line of credit or overdraft facility, is a type of loan that provides borrowers with quick access to money as and when required, up to a sanctioned limit. Financial institutions provide this loan facility to eligible salaried individuals and business owners.

With a flexi loan, you only need to pay interest on the amount withdrawn, making it a convenient and affordable borrowing option. This article provides an overview of flexi loans, their key features, eligibility criteria, application process, interest rates, and repayment terms.

If you have been thinking of why is a credit score important for personal lending? You will get the answers here. The importance of personal loans can be seen in your everyday life as the number of personal loan applications has seen a steady rise including loans for education, medical expenses, and home renovations, among others and more. Your credit score for personal loans will help decide your personal loan approvals, besides other favourable loan terms like loan amounts and lower interest rates.

Buying a used car in India as an NRI? It can be a smart move for temporary visits or when moving back permanently. However, obtaining a car loan as an NRI can be challenging, especially if you do not have local income proof. Many lenders address this by requiring a resident Indian co-applicant and verified overseas income documents. This article will provide NRIs with a step-by-step overview of how to prepare their application and apply for used car loans from financial institutions.