Clix Capital Personal Loan Interest Rate

4.5

Clix Capital is a financial services provider with a wide range of products to offer its customers. With the Clix Capital Personal Loan scheme, borrowers can enjoy many features and benefits, including hassle-free loan processing, instant approval, fast loan sanction, the absence of collateral, and much more. The interest rate ranges from  18.50% to 29.99% per annum. 

  • Personal Loan offer for You

  • 14.99% - 24.99%

    Interest Rate (p.a.)
  • ₹1L - ₹10L

    Tenure(1 - 5 Years)
  • ₹2,378 - ₹2,935

    EMI Per Lakh
  • 14.99% - 24.99%

    Interest Rate (p.a.)
  • ₹1L - ₹10L

    Tenure(1 - 5 Years)
  • Up to 10% of loan sanctioned

    Processing Fee

Compare Clix Capital Personal Loan Interest Rates with Other Banks

One of the best ways to get a good interest rate offer is to compare the prevailing rates across several banks in the market. Borrowers should weigh their options carefully regarding banking services provided, interest rates, EMIs, documentation process, the application process, and so on. While Clix Capital personal loans come with a bit expensive interest rate bracket, they offer their customers top-notch banking services. Here is data showing the interest rates of some of the top banks. 

  • Starting Interest Rate (p.a)
  • Processing Fee
  • Rating
  • Min. Loan Amount
  • CASHe PL Interest Rate

  • 27%

  • We offer a 2.50% interest rate per month (Equivalent to reducing the balance interest rate to 3.71% per EMI) on the loan amount.

  • 4.5

  • ₹1K - ₹4L

    Tenure(7 - 45 Years)

  • Prefr PL Interest Rate

  • 15% - 36%

  • 3-5% with Minimum Proc. Fee of INR 1500 + GST

  • 4.5

  • ₹50K - ₹5L

    Tenure(1 - 4 Years)

  • 50 K
  • 1 Cr
Years
  • 1
  • 5
%
  • 8
  • 25

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

Clix Capital Personal Loan interest rates range from 18.50% to 29.99% per annum. The Clix Capital loan scheme can be utilised for many purposes, such as debt consolidation, medical emergencies, home renovation, higher education, wedding, travel, etc. 

Moreover, customers applying for the Clix Capital personal loan scheme can expect INR 50,000 to INR 10 Lakhs, customised repayment options, and easy and quick approval. 

Clix Capital Personal Loan Interest Rate by Schemes

Here is an overview of the scheme's personal loan interest rates

Loan Type Interest Rate
Instant Personal Loan  18.50% to 29.99% per annum
Personal Loan for Education  18.50% to 29.99% per annum
Personal Loan for Marriage 18.50% to 29.99% per annum
Personal Loan for Medical Emergency 18.50% to 29.99% per annum
Personal Loan for Travel 18.50% to 29.99% per annum
Personal Loan for Women 18.50% to 29.99% per annum
Personal Loan for Home Renovation  18.50% to 29.99% per annum
Personal Loan for Salaried 18.50% to 29.99% per annum

Clix Capital Personal Loan Interest Rates for Salaried and Self-Employed

Salaried and Self-employed can avail of the benefits of the Clix Capital personal loan scheme with a starting interest rate of 18.50% per annum. EMIs start from as low as INR 2,964 per month.

Clix Capital Personal Loan Interest Rate for Salary Account

Clix Capital personal loan interest rates for applicants holding a salary account starts at 18.50% per annum. Customers can select a maximum tenure of 48 months with the minimum EMIs starting from INR 2,964 per month. A processing fee will be charged, ranging from 0% to 10% of the loan amount. 

Clix Capital Pre-approved Personal Loan Interest Rate

A good way to get a hassle-free quotation is to apply for a pre-approved loan. Banks will assess a customer's profile, and based on that, they will make a personal loan offer with applicable interest rates. Clix Capital personal loan interest rates range from 18.50% to 29.99%.

Clix Capital Personal Loan Balance Transfer Interest Rates

Clix Capital customer can transfer their current loan to a new lender with an improved interest rate and loan policy. This facility should be considered primarily when getting a new lender helps the customer procure a lower interest rate, lower EMI option, top-up loan facility, and so on. The Clix Capital personal loan balance transfer interest rates depend on the applicant's profile. The Clix Capital personal loan interest rates range from 18.50% to 29.99%. 

Clix Capital Personal Loan Fees and Charges

While applying for the Clix Capital personal loan, customers have to incur a few loan fees and charges, which will be non-refundable. Also, some of these charges are a one-time deed, while others can depend on the customers. Here are the details of the Clix Capital personal loan fees and charges

Particulars  Applicable Charges
Processing Fee Up to 10% of the Loan amount 
Pre-payment Charges  5% of the loan amount prepaid
Cheque Bounce Rate INR 300
Swap Charges INR 500
NOC Issue INR 500
Cancellation Penalty  INR 2000

Factors Affecting Clix Capital Personal Loan Interest Rates

The factors that affect Clix Capital personal loan interest rates are as explored below. 

  • Repayment behaviour of the applicant
  • Credit history of the borrower
  • CIBIL score or credit rating of the customer
  • Standard market rate for lenders assigned by the central bank
  • Competition for lenders in the market
  • Relationship of the customer with the lender
  • Income and employment status of the borrower. 

How to Calculate Clix Capital Personal Loan EMI

Before applying for any loan, it is always important to calculate the EMI structure in advance. Various PL EMI calculators are available online, which can act as an assistive tool for computing interest rates and EMIs. This can help an applicant assess whether a particular loan plan is suitable for them. Moreover, with the EMI structure calculated in advance, one can create a financial plan for smooth repayment of the loan. 

Furthermore, if anyone needs to calculate the EMIs manually, they can incorporate the mathematical formula shown below. 

Applicants can use one of the many online EMI calculators to determine the monthly EMIs for their personal loans. These calculators accurately calculate a user's results by accounting for the principal amount, interest rate, and tenure. The formula for this can be found below. 

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

Here, 

‘P’ stands for the Principal amount,

‘R’ stands for the interest rate, 

And 

‘N’ stands for the tenure.

How to Get Low-Interest Rates on Clix Capital Personal Loan?

It is not difficult to acquire a personal loan with the lowest interest rate possible. Although it requires some effort on the applicant’s part, it still is an easily achievable feat. Here are a few pointers that one can incorporate to get a low-interest rate on Clix Capital Personal Loan. 

  • One must maintain a good CIBIL score. Banks rely on credit scores to allocate funds and assign interest rates. Clix Capital prefers a CIBIL score of at least 630 points. 
  • Choose smartly the loan tenure as the longer one takes to pay off their loans, the higher the interest rate will be.
  • Assess the financial position one is in before applying for a loan. A customer must pick a loan amount well within their financial capacity.
  • Keeping good terms with the bank can also allow some leniency in allocating personal loan interest rates. 
  • Banks give out special offers during certain seasons. One should keep an eye out for such discounted rates from time to time.
  • Keeping a low debt-to-income ratio can also help customers get a reasonable interest rate offer.   

Personal Loan by Other Banks

Frequently Asked Questions (FAQs)

What is the current interest rate of Clix Capital personal loan?

Currently, Clix Capital offers its personal loan scheme at an interest rate ranging from 18.50% to 29.99%. Moreover, the interest rate assigned will vary depending on the applicant’s creditworthiness.

How can I reduce my interest in Clix Capital personal loan?

There are many ways to reduce their interest rate for availing of a Clix Capital personal loan. These include maintaining responsible repayment behaviour, maintaining a good CIBIL score, keeping good relations with the bank, keeping an eye out for special discounted rates, and so on.

Is Clix Capital's personal loan a floating-rate loan or a fixed-rate loan?

Customers can choose between a fixed rate of interest and a floating rate of interest. 

Do Clix Capital demand collateral or security for personal loans?

Applicants can apply for Clix Capital without worrying about security or collateral. 

Can individuals pay off their Clix Capital loans EMI early?

There are provisions for customers to pay off their EMIs early by paying a minimal prepayment penalty of up to 5% of the remaining loan balance.

What is the EMI for a 1 lakh personal loan?

One can expect an EMI of INR 2,964 for INR 1 Lakh of Clix Capital Personal Loan. 

What is the EMI for a 10 lakh personal loan?

For an INR 10 Lakhs of Clix Capital Personal Loan, the minimum EMI will be INR 29,637.

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