Clix Capital Personal Loan

Features and Benefits of Clix Capital Personal Loan

Clix Capital offers a diverse range of features and benefits to its customers. Some of them are listed below:

• Hassle-Free Loan Processing: The process of applying for a personal loan online at Clix Capital is fairly simple, and you can do it from the comfort of your home. All you have to do is visit the website, fill up the application form and upload the required documents.
• Instant Approval and Disbursal: You can receive the approved loan amount in your savings account within just 15 minutes.
• Flexible to Use: You can use Clix Capital Personal Loan for any purpose you want. It could be for a home renovation, wedding, debt consolidation, higher education, vacation, or medical emergency.
• Easy Documentation: Minimal documentation is required. All you need to provide is your identity proof, address proof, and income proof with basic documents. If your KYC is updated with PAN or Aadhaar, you can get your documents verified online.
• No Collateral Required: As personal loans are unsecured forms of loans, you don't have to pledge any security or collateral to secure your loan.
• Flexible Repayment: You can opt to repay in easy EMIs. You have the flexibility to choose any loan tenure based on your monthly budget and repayment potential.

Eligibility Criteria for Clix Capital Personal Loan

You must meet the following Clix Capital Personal Loan requirements for quick loan approvals and disbursal:

• You should be 25 years of age and above.  
• You should be a salaried employee with a fixed income of at least ₹25,000.
• A work experience for a minimum of twelve months in the current field is mandatory.
• You should be employed with your current organisation for at least six months.
• Your credit score should be at least 725 or above.
• You must be a citizen of India.

Clix Capital Personal Loan Fees and Charges

When you apply for a personal loan, you have to pay certain fees and charges. Clix Capital imposes the following charges on the personal loan availed by borrowers: 

Types of Fees and Charges	Fees and Charges Applied
Processing Fees	Up to 10% of loan sanctioned
Foreclosure Charges	5% of Principal foreclosed (post-6-month lock-in)
PDD/PDC/ECS/NACH bounce – per presentation	Rs. 300 per instance
Stamping Charges	As per specific rates defined by regulators
Payment Instrument Swap Charges	Rs. 500 per instance
Issue of Duplicate No Objection Certificate	Rs. 500 per instance
Post Disbursal Loan Cancellation Charges	Rs. 2,000

Clix Capital Personal Loan Interest Rates

The basic details of Clix Capital Personal Loan interest rates are as follows:

Loan Amount	Up to ₹25 lakhs
Loan Tenure	12 to 48 months
Interest Rate	14.99% to 24.99% (Variable)
Processing Fee	Based on the Loan Amount

Note: The interest rates vary and depend on the customer’s credit profile.

Factors Affecting Clix Capital Personal Loan Interest Rates

The several factors that affect the interest rates of Clix Capital Personal Loan are:

• Credit Score of the Borrower: Borrowers with a credit score of 750 and above are more likely to receive lower interest rates.
• Loan Tenure: The lesser the loan tenure, the lower will be the interest rate.
• Income: Lenders offer a deduction benefit on loan interest rates to borrowers with higher salary brackets.
• Employer's Status: If the borrower is working with a reputed or renowned organisation, they may receive an exemption on the interest rate.
• Relationship with the Lender: Maintaining a good relationship with the lender and being loyal to them will get you a better deal on the loan's interest rates.
• History of Defaults: If the borrower has ever been on the defaulter's list, it will create a negative perception of them in the lender's mind. As a result, they may have to pay higher interest rates or may not even get their personal loan application approved. So, it's best to maintain a defaulter-free credit history.
• Debt-to-Income Ratio (DTI): The lower the DTI ratio, the lower will be the interest rate.

Documents Required for Clix Capital Personal Loan

If you want to apply for Clix Capital Personal Loan, submit the following documents online:

• Duly filled Clix Capital Personal Loan online application form
• Recent passport-sized photograph
• Identity proof like PAN card or Aadhaar card or government ID for government employees
• Address proof like Voter ID, Aadhaar card, driving licence, passport, etc.
• Income proof, including your current year's Form 16 or your last month's payslip.

If your KYC (Know-Your-Customer) is updated with your PAN and Aadhaar, you don't have to upload or submit the documents anywhere. They can be verified online within minutes.

How Does the EMI Calculation Work for Clix Capital Personal Loan?

Clix Capital gives you 12 to 48 months to repay your personal loan in easy instalments. You have the flexibility to choose the loan tenure within this range, depending on your monthly repayment potential and budget. You may get an estimate of your EMIs using Urban Money's easy to use Personal Loan EMI calculator and adjust your loan amount or tenure accordingly.

Enter the total amount of loan, interest rate, and loan tenure in the respective fields and click on the 'Calculate' button. The result will display the monthly EMI to be paid, the total amount payable (principal + interest), and the total interest amount payable.

The formula for calculating personal loan EMI is:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where

• EMI = Equated Monthly Instalments
• N = Number of monthly instalments
• P = Principal Loan Amount
• R = Rate of Interest

How Does Clix Capital Compare with Other Lenders?

To know how Clix Capital compares with other lenders, glance through the table given below:

Banks/NBFCs	Interest Rates (per annum) & onwards
Clix Capital	14.99%
SBI	9.60%
HDFC Bank	10.25%
ICICI Bank	10.25%
PNB	7.90%
Kotak Mahindra Bank	10.25%
Axis Bank	10.25%
IDFC First Bank	10.49%
IndusInd Bank	10.49%
Tata Capital	10.99%
Bajaj Finserv	13.00%

Clix Capital Personal Loan Customer Care Number

For any queries or additional information on Clix Capital personal loan, you can contact the customer care department either by phone, email or through their website.

Customer Care Number: 1800-200-9898, 0124-4545965 or 0124-3817400.

You can call the Clix Capital Personal Loan customer care number between 9:30 AM to 6:30 PM from Monday to Saturday.

Email: hello@clix.capital.

Mention your name, loan account number, and contact number in the subject line.

Online Chatbot: You can chat with Maya - the CLIX virtual assistant, on their official website.