Flexi Loans vs Term Loans: Here's What You Need to Know
When it comes to availing of online loans today, ease of access and quick disbursal time matters a lot. Emergencies can knock on your door at any time. There's no point availing of an online loan if you can't get the full amount you require. Similarly, if you have to wait a lot for your loan to get approved, you can lose precious time you don't have. Not meeting your financial needs on time can have serious consequences as well. Today, there are two popular types of online loans that can give you a much-needed cash infusion when you need it. They are term loans and Flexi personal loans. These loans can help you meet various financial goals you may have, including education expenses, planning a wedding, or home renovation. However, these two sources of funds do differ from each other in many ways. Here's all you need to know about these loans: 1.Nature A term loan is usually a 'fixed' type of loan, in the sense that the loan amount is given out at once as a lum...