flexi loan / overdraft loan
Flexi Loan / Overdraft Loan
JustCredit24 Flexi Loans (also known as Overdraft Loans) provide you with a pre-approved credit limit that you can withdraw from anytime, as per your needs. You pay interest only on the amount you actually use, making it a smart and flexible borrowing option.
Why choose a Flexi Loan with JustCredit24?
Unlike traditional loans with fixed EMIs, flexi loans offer financial freedom. Withdraw, repay, and reuse funds within your approved limit. Through our lending partners, JustCredit24 helps you access flexible credit with better cash flow control.
- Interest charged only on used amount
- Withdraw & repay anytime
- Reusable credit limit
- Ideal for short-term & emergency needs
JustCredit24 functions as a digital loan facilitation platform. The flexi loan or overdraft facility, interest rate, tenure, and repayment structure are governed by the policies of RBI-registered lending partners after eligibility assessment.
Flexi Loan / Overdraft FAQs
How is a flexi loan different from a personal loan?
A flexi loan allows multiple withdrawals within a credit limit and charges interest only on the amount used, unlike personal loans with fixed EMIs.
Can I repay and reuse the loan amount?
Yes, once you repay any portion of the amount, it becomes available again within your approved credit limit.
Is a flexi loan suitable for salaried individuals?
Yes, flexi loans are suitable for both salaried and self-employed borrowers, subject to income stability and lender eligibility.
Free Tool
Calculate Your Monthly EMI
Adjust loan amount, tenure and interest rate to instantly see your monthly instalment, total interest and full repayment schedule.
Current rate: 30% per annum
· Monthly: 2.5% / month
₹
₹10,000
₹50,00,000
%
1% p.a.
36% p.a.
yr
1 Year
7 Years
Monthly EMI
₹
9,628
for 2 years (24 months)
Loan Amount (Principal)
₹2,00,000
Total Interest Payable
₹31,072
Total Repayment Amount
₹2,31,072
Est. Processing Fee (1%)
₹2,000
EMI Breakdown — Year-wise
Principal vs Interest split per year
Amortization Schedule
Month-by-month repayment breakdown
| Month | EMI (₹) | Principal (₹) | Interest (₹) | Balance (₹) |
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