Clix Capital Personal Loan EMI Calculator

Highlights

  • How to use the Clix Personal Loan EMI Calculator?
  • How does it help calculate the EMI and Interest Outgo on your loan? Let’s check out!

Clix Capital is one of the prominent lenders of our country that provides personal loans to customers in a faster and simpler way. Any individual can fulfill any of his or her financial needs with the loan amount. People will get a fixed period (tenure) to repay the loan amount with the help of Equated Monthly Installments (EMIs).

But there is an important question that a lot of individuals ask before getting a Clix Capital Personal Loan – What will be the EMI amount that they need to pay every month? Don’t worry, you can use this efficient tool known as the Clix Capital Personal Loan EMI Calculator. This tool will help you in having an early estimate of the EMI amount. So, how will this early estimate help you? Well, you can manage your finances better and prepare accordingly for the EMI amount. We will be covering everything related to the Clix Capital Personal Loan EMI Calculator, so don’t stop reading.

Apply Personal Loan @ 10.75%* Rate

EMI Calculator for Personal Loan
Loan Amount (₹)
Interest Rate (%)
Tenure (Month)
Results
Loan Amount
Interest Rate
Tenure(Months)
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

Clix Capital Personal Loan Interest Rates October 2020

Clix Capital Personal Loan Interest Rates directly affect your repayment amount and that’s why you need to keep a close eye on this. However, interest rates tend to change from one individual to another based on several factors such as monthly income, credit score, existing obligations, employment type, job history, etc. Clix Capital will decide the final rate of interest for an individual after going through these details. We are providing some of the important details related to the Clix Capital Personal Loan Interest Rate. Check them out!

Loan AspectsDetails
Minimum Loan AmountINR 1 lakh
Maximum Loan AmountINR 25 lakh
Rate of InterestCustomized (Depends on overall profile)
Tenure12 to 60 months
Processing FeesCustomized
CollateralNot Required
Repayment MethodsEquated Monthly Installments (EMI)
Prepayment ChargesAs applicable (depends on the prepayment amount)

How to Use the Clix Capital Personal Loan EMI Calculator?

The first thing that we want to tell you that anyone can use the Clix Capital personal loan EMI calculator without any trouble. But what is the exact process by which you can have an estimate about the EMI amount you will pay every month? Well, this tool is quite accessible and you will only need a few basic details to know the EMI amount, the Interest Outgo and Total amount payable.

The details that will be needed are – Required Loan Amount, Interest Rate and Tenure. When you feed all these three details into the calculator, you will get the results. If you are dissatisfied with the results, you can use the tool with different values so that you can get the results that fit your requirement. To know about each of them in detail, keep reading!

Required Loan Amount

When you decide to opt for a personal loan to fulfill your financial needs, there is a certain amount that you have in your mind. This is known as the required loan amount. With the help of Clix Capital Personal Loan, you can get the loan amount as low as INR 1 lakh and as high as INR 25 lakh as you can see in the table mentioned above too. Though the final loan amount will depend on your overall profile and repayment capacity. This is the first thing that you will need to put in the Clix Capital Personal Loan EMI Calculator.

Rate of Interest

Each borrower wants to opt for a personal loan with low interest rates so that he or she will need to pay a lower EMI amount every month. The reason behind this is your interest rates directly affect the repayment amount. The higher the interest rates, the higher will be the EMI amount and vice versa. Clix Capital Personal Loan Interest Rates are customized and depend on numerous factors as we mentioned above.

Required Tenure

As you know that Clix Capital allows you to choose the repayment tenure according to your convenience and repayment capacity. It ranges from a minimum of 12 months to a maximum of 60 months. On choosing a shorter tenure, you will need to pay a higher EMI amount and lower interest amount whereas, if you choose a long tenure, the EMI amount will be lower and interest amount will be higher. This is the third and last thing that you need to put in the Personal Loan EMI Calculator.

Clix Capital Personal Loan EMI Calculator Details

To have more understanding about the Clix Capital personal loan EMI calculator, we are showing you the EMI amount for different loan amounts at different periods. The interest rates we are taking here are 11.50% and 16.50% per annum. You can check the below tables.

Clix Capital Personal Loan EMI for Different Loan Amounts and Different Tenures at an interest rate of 11.50% per annum

Here, we are showing the EMI amounts for a period of 2, 3, 4 and 5 years respectively for the loan amount ranging from INR 1 lakh to INR 15 lakh. The interest rate is 11.50% per annum. Please check it.

Loan Amount2 years3 years4 years5 years
INR 1,00,000INR 4,684INR 3,298INR 2,609INR 2,199
INR 3,00,000INR 14,052INR 9,893INR 7,827INR 6,598
INR 5,00,000INR 23,420INR 16,488INR 13,045INR 10,996
INR 7,00,000INR 32,788INR 23,083INR 18,262INR 15,395
INR 10,00,000INR 46,840INR 32,976INR 26,089INR 21,993
INR 15,00,000INR 70,260INR 49,464INR 39,134INR 32,989

Clix Capital Personal Loan EMI for Different Loan Amounts and Different Tenures at an interest rate of 16.50% per annum

Here, we are showing the EMI amounts for a period of 2, 3, 4 and 5 years respectively for the loan amount ranging from INR 1 lakh to INR 15 lakh. The interest rate is 16.50% per annum. See it below.

Loan Amount2 years3 years4 years5 years
INR 1,00,000INR 4,920INR 3,540INR 2,860INR 2,458
INR 3,00,000INR 14,761INR 10,621INR 8,579INR 7,375
INR 5,00,000INR 24,601INR 17,702INR 14,299INR 12,292
INR 7,00,000INR 34,442INR 24,783INR 20,018INR 17,209
INR 10,00,000INR 49,202INR 35,404INR 28,597INR 24,585
INR 15,00,000INR 73,804INR 53,107INR 42,896INR 36,877

Clix Capital Personal Loan EMI Calculation Formulae

Do you want to know about the formulae on which the Clix Capital Personal Loan EMI Calculator functions?. You can get the results manually by putting the values into this. But that could be a long and complex process. So, it will be better to use the calculator. Nonetheless, we are showing the formulae below. Have a look.

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

Where,

EMI = Equated Monthly Installments

P = Principal Loan Amount

R = Rate of Interest

N = Number of monthly installments

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