Overdraft Limit

  • Personal Line of Credit (PLOC) is a unique and innovative offering from Bajaj Finserv. It allows you to manage your cash flow more effectively and smartly.
  • PLOC is an “interest only” loan facility where you are given a “credit Line” and you pay interest on the amount utilized. EMI of PLOC will consist only of interest amount, and not have principal.
  • It works like a overdraft “OD” account. Customer has the freedom to part prepay as well as withdraw within the Line assigned as per convenience.
  • Easy to use online tool to manage all part prepayments and drawdown requests

PLOC – Features

  • Fixed Credit Line for a year (operates like a OD/CC limit) – No Drop-line.
  • Renewal options after every year for same / enhanced amount.
  • Option to convert outstanding into a normal term loan at the end of PLOC Period
  • No Limit on number of part payments. No charges for Part Pre payment
  • No Charges for Withdrawal
  • No Collateral/Security required

Loan Calculator

Amount
Interest Rate
Tenure (in months)

Loan EMI

123

Total Interest Payable

1234

Total Amount

12345
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