Under Flexi Personal Loan, the amount is credited to your Experia Account, and you can use the principal as per the requirement. You have complete flexibility to borrow, pre-pay or re-borrow the loan. There is a drop-line facility within the loan tenor without any additional documentation. You save on interest costs as interest is paid for utilised loan amount only. You can also enjoy 4 years moratorium on principal repayment. On the other hand, the complete loan amount is disbursed to your bank account in the Term Loan. In the term loan, EMIs constitute both interest and principal component and thus monthly instalments are more expensive than Flexi Loans.