Flex loans are flexible-term installment loans. When you apply for a flex loan, depending upon your eligibility, you can be offered a choice of monthly or bi-monthly repayment and a tenure of 3 to 24 months. If, during the tenure of repayment, you need to extend the tenure, it is typically easy, subject to your eligibility. Similarly, if you wish to pre-pay the loan, that is also typically easier than with other loan options and with a service like ours, there is no pre-payment penalty applicable.