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In the digital age that we are living in, who doesn’t want to opt for a personal loan to meet their financial needs in a simpler and faster way? Well, everyone wants to have a hassle-free loan experience. Backed by one of the top lending firms of the country, Clix Capital Personal Loan assures customers to provide the hassle-free loan experience with the use of technology. Benefits like minimal paperwork, faster loan sanction, affordable interest rates, higher loan amount are a few features that make Clix Capital Personal one of the popular choices among customers.
The most amazing thing about the Clix Capital Personal Loan is the smooth lending process that helps customers opt for it without any second thought. If you are someone who is in urgent need of funds and want to get a personal loan, this could be a suitable choice for you. This page will cover everything about this loan facility, such as Interest Rates, Tenure, EMI Calculator, Eligibility, Documentation, etc. You only need to keep reading!
Clix Capital Personal Loan Interest Rates June 2022
When deciding for a personal loan, Interest Rate is something that an individual should keep a close eye on as it directly affects your repayment amount. As personal loans are provided without any collateral, interest rates tend to be higher than secured loans. However, Clix Capital Personal Loan Interest Rates depend on several factors such as your monthly income, employment type, job history, loan amount, credit score, etc. Clix Capital will go through the application form and all supporting documents and then decide the final rate of interest. With Clix Capital Personal Loan, you can get upto INR 10 lakh as the loan amount for a maximum of 5 years (60 months).
We are showing some of the important details related to the Clix Capital Personal Loan Interest Rates in the below table. Please have a look!
|Minimum Loan Amount||INR 1 lakh|
|Maximum Loan Amount||INR 10 lakh|
|Minimum Monthly Income||INR 30,000|
|Rate of Interest||16.99% - 24.99%|
|Tenure||12 to 60 months|
|Processing Fees||1.5% -3% + GST|
|Repayment Methods||Equated Monthly Instalments (EMI)|
|Foreclosure Period||After 6 months of EMI Paid|
Clix Capital Personal Loan Eligibility Criteria
To get a Clix Capital Personal Loan, you will need to meet certain eligibility criteria. This is a set of multiple conditions that you will need to qualify if you want to get your loan approved. If you fail to meet any of the conditions, it could be difficult for you to get a loan amount. We are showing all the conditions below so that you can prepare accordingly. Check them out!
- To apply for a Clix Capital Personal Loan, an individual must be between 25 years and 58 years of age.
- An individual can get the maximum personal loan amount of INR 10 lakh but the final loan amount will be decided according to the repayment capacity and overall profile of the applicant.
- You need to keep this in mind that existing obligations in the form of a loan or credit card EMIs can reduce your chances of getting a new personal loan.
- Salaried employees must have a minimum work experience of 12 months and must have been working in the present company for a minimum of 6 months.
- The minimum monthly income must be INR 30,000.
If you meet all the above conditions, you can be eligible for a Clix Capital Personal Loan. In case you want to know what the maximum loan amount could be, you can use the Personal Loan eligibility calculator. You will only need to put some details such as monthly income, age, monthly expenses, and other current obligations in the form of Loan or Credit Card EMIs. The tool will get all these details and tell you the maximum eligible loan amount. It cannot be more than INR 25 lakh. The chances of getting a higher personal loan amount are higher for a person who has a high income and Nil to fewer obligations.
Clix Capital Personal Loan Interest Rates June 2022
|Company Category||CIBIL V3 Score||<5 Lakh||>=5 Lakh|
Features of Clix Capital Personal Loan
As we said that Clix Capital Personal Loan provides an extensive range of benefits. After knowing the details about the interest rates, it’s time to know the benefits in detail. Check them out below.
No Need to Submit Any Asset
When you opt for a Clix Capital Personal Loan, you don’t need to worry about providing any kind of collateral. Clix Capital will decide the loan amount after assessing a few factors such as your age, monthly income, existing obligation, credit score, etc. Being an unsecured loan, it comes with its own perks wherein you don’t need to worry about providing any collateral as security whilst applying for Personal Loan with Clix Capital.
Faster Loan Approval
Anyone who is going to opt for a personal loan needs funds as quickly as he or she can get. That’s where a Clix Capital personal loan can be a suitable choice for you. Clix Capital provides timely loan approvals and quick disbursal of the required loan amount so that you can fulfil your needs as soon as possible. You can get the required funds in your account within 48 hours once the loan is approved.
Flexible Repayment Method
Clix Capital Personal Loan allows you to choose from a flexible repayment period from 12 to 60 months. You have the freedom to choose according to your convenience, repayment capacity and monthly income. You need to keep this in mind that if you choose a longer tenure, you will need to pay a higher interest amount and vice versa.
As for the first half tenure of your loan tenure the maximum part in your EMI is interest rate.
Clix Capital Personal Loan EMI Calculator
You will need to repay the loan amount via Equated Monthly Instalments (EMI). And before going for a personal loan, it is important to know what EMI amount you will need to pay over the tenure. Knowing it beforehand can help you in managing your finances better.
So how can you know it? Well, you can have an estimate with the help of the Clix Capital Personal Loan EMI Calculator. This tool is quite popular among applicants who want to know their monthly instalments. This tool also helps you in knowing your interest outgo and the total amount payable.
To use the Clix Capital Personal Loan EMI Calculator, you will need only a few basic details such as the Required Loan Amount, interest rate, and tenure. Put these into the tool, and it will give you the results instantly.
You would understand it better with the help of an example. Let’s say you want to opt for a Clix Capital Personal Loan of INR 6 lakh. The interest rate is fixed at 17.49% per annum. We will show you how choosing different tenures affect your EMI amount and interest outgo. Please look at the below table to know more!
Table Showing EMI, Interest Outgo, and Total Repayment Amount
|Loan Amount||Interest Rate||Tenure||Monthly Instalment||Total Interest Amount||Total Amount|
|₹ 6,00,000||17.49%||1||₹ 54,862||₹ 58,350||₹ 6,58,350|
|₹ 6,00,000||17.49%||2||₹ 29,807||₹ 1,15,364||₹ 7,15,364|
|₹ 6,00,000||17.49%||3||₹ 21,538||₹ 1,75,377||₹ 7,75,377|
|₹ 6,00,000||17.49%||4||₹ 17,466||₹ 2,38,344||₹ 8,38,344|
|₹ 6,00,000||17.49%||5||₹ 15,070||₹ 3,04,205||₹ 9,04,205|
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
|1||₹ 82,290||₹ 98,550||₹ 5,17,709|
|2||₹ 97,895||₹ 82,946||₹ 4,19,813|
|3||₹ 1,16,458||₹ 64,382||₹ 3,03,355|
|4||₹ 1,38,542||₹ 42,299||₹ 1,64,813|
|5||₹ 1,65,029||₹ 16,028||₹ 0|
From the above table, you can see that when you choose a shorter tenure, the interest amount is lower (INR 58,350) as compared to the interest amount (INR 3,04,205) on choosing a longer tenure. But when you choose a shorter tenure, the EMI amount (INR 54,862) is much higher when you choose a tenure of 1 year. Whereas, on choosing the tenure of 5 years, the EMI will be INR 15,070 which is quite lower.
That’s why you should always choose the tenure according to your repayment capacity and only after using the Clix Capital personal loan EMI calculator.
This EMI Calculator also provides you the Amortization Table with which you can know the interest amount and balance amount at different points in your loan tenure. For example, if you opt for a tenure of 5 years, you can see the balance amount at the end of each year.
Documents Required for Clix Capital Personal Loan
When you apply for a loan facility, you will need to submit a few important documents so that the lender can authenticate your candidature and decide the final loan amount for you. We are showing you all the documents below so that you can prepare beforehand. Have a look.
- Complete Application Form
- Recent Passport-size photograph
- Identity (ID) Proof – Aadhaar Card, PAN Card, or Government ID Card
- Address Proof – Aadhaar card, Passport, Voter ID Card, Driving Licence
- Income Proof – Latest one-month Pay Slip of Form 16 of the Current Year
How to Apply for Clix Capital Personal Loan through Wishfin?
You must be wondering about the process of applying for Clix Capital Personal Loan. It is very simple and a hassle free process one can easily apply whilst sitting at the comfort zone at home. You can apply Clix Capital Personal Loan online through Wishfin from anywhere. You will only need a laptop or mobile and an internet connection. Below are the steps, by following you can easily apply for Clix Capital Personal Loan at Wishfin.
- You need to visit the official website of Wishfin and Select Personal Loan for the application Form.
- You will see the ‘Apply Now’ option there. On clicking there, you will be redirected to the application form wherein you will need to fill in some details such as your name, email address, phone number, pincode, monthly take-home salary and the required loan amount. After filling these details, submit this application form.
- And you are done with your Personal Loan Application. Post submission Sales representative will get in touch with you to process your application further.
What is the Grievance Redressal Policy for Clix Capital?
The most amazing thing about the Clix Capital is it always puts its customers before their business. Customer satisfaction is their top priority and this is the primary reason that Clix Capital provides the best in class services to its customers. To ensure it, Clix Capital has introduced its Grievance Redressal Policy. So how does this policy work? With this redressal policy, Clix Capital collects feedback from its customers across all the products so that an action plan can be made to resolve their grievances.
With this policy, Clix Capital ensures to resolve all the grievances within 7 days to a maximum of 30 days. This 30-day period will start after the customer submits all the necessary information related to his or her problem. So how can a customer submit his or her grievance or any other issues to the lender? Well, there is more than one way by which it can be done. We are showing all of them below. Check it out.
Contact Clix Capital Customer Care
If you have any problem related to your Clix Capital personal loan, you can call 1800 200 9898 between 9:30 am and 6:30 pm on all days except Sunday. The customer care executives will hear all your queries patiently and try to resolve that. Other than this, you can also send an email to firstname.lastname@example.org with your loan account number and contact number in the subject line.
Level 1 Escalation
If you are feeling unsatisfied with the Customer Care and your problem has not been solved yet, you can send an email to email@example.com.
Level 2 Escalation
If you are still facing any issue and want further assistance, you can send your query to the Nodal officer via Email. The email address is firstname.lastname@example.org. Apart from this, you can also write to the Grievance Redressal Officer/ Principal Nodal Officer. The official address is mentioned below.
Mr. Nikhil Niranjan
Grievance Redressal Officer/ Principal Nodal Officer
Assistant Vice President– Customer Experience
901B 9th floor, Two Horizon Centre, Phase-V, DLF City, Gurgaon – 122002 Haryana, India
Contact Number: 9319192134
Timings: 9:30 am to 6:30 pm – Monday to Friday (except public holidays)
If your complaint or query is not resolved within 30 days, you can contact the Department of Non-banking Supervision of the Reserve Bank of India (RBI).