Loan Guidance

Long-term and short-term loans differ in many ways. Long-term loans can include a home loan. When we talk about short-term, long term personal loans , which are most common, come into the picture.  Here are the key differences between a long-term and a short-term Personal Loans: Tenure A long-term loan usually has a tenure of 10 to 20 years. On the other hand, a short-term loan is generally for 1 to 4 years. Loan Amount The loan amount for a short-term loan is much smaller than for a long-term loan. It is because a larger amount requires a longer time for repayment. Collateral A long-term loan is of a higher value with a longer tenure than a short-term loan. It, therefore, often requires collateral as security. Conversely, a short-term loan offers a smaller amount and does not require collateral. Interest rate Long-term loans charge a lower interest rate than short-term loans. Short-term loans charge a higher rate since the repayment period is shorter and there is no collateral. ...

Personal loans are an excellent option for borrowers looking for quicker loan disbursement without collateral and limitations on how the loan proceeds may be used. Choosing whether to accept a more extended payback period depends on various criteria during a  personal loan application process . For example, you must consider the payback period's length, the interest rate, and financial security.  Here are some justifications for thinking about extending the repayment duration of your loan: Reduced EMI Outflow will make your EMI more affordable in the long run. Depending on your debt-to-income ratio, you can borrow a more significant sum of money.  You can use the money you save from a lower EMI to cover other upcoming expenses.  Making timely EMI payments raises your credit score, A sound financial future depends on choosing the proper personal loan payback term. So, make a wise decision.  Have a financial need? Apply for personal loan onli...

Business loans empower entrepreneurs to manage or expand their businesses when they are short of funds. These loans also assist businesses in maintaining a regular cash flow. New-age lending institutions provide  business loans without collateral  to entrepreneurs having over three-year-old businesses with more than Rs 1 crore turnover.  Let us look at the financial benefits of a Business Loan: Offers tax benefits on the payable interest Helps build working capital Requires no collateral security  No need to share profits (as compared to taking funding from an investor) Competitive interest rates The flexibility of the loan amount usage Gives a boost to business credit ratings considering all EMIs are paid on time.   With such benefits, business loans have become the choice of smart and young entrepreneurs in need of additional and immediate funds. The interest rate is lower than loans offered by unorganized sources .  However, it is always recommended that...

A person's  credit score  predicts their chance of paying loan EMIs on time. A credit score is produced by a scoring algorithm using information from a credit report. Credit Bureaus like Experian provide credit scores based on credit matrices and mathematical algorithms such as scoring models.  Lending institutions use credit scores to determine whether or not to offer a customer a credit card, auto loan, or other credit product. In addition, they are frequently used to determine the credit limit and the interest rate for loans and credit cards. So, you must check your credit score before applying for any loan. You can check your credit score for free on the websites of top lending institutions like Clix Capital. All you need to provide is your name, mobile number, email ID, pin code, employment type, and current monthly take-home salary. 

A financial emergency needs immediate funding. Anyone may find themselves in a situation where they need cash immediately but don't know where to turn. A Personal Loan can help with various needs; from paying for added expenses for a wedding to covering extra spending during a vacation. Here are a few suggestions to increase your chances of receiving  instant loan approval .  ●  Maintain a G ood credit score A minimum Experian credit score of 630 is needed to qualify for an instant Personal Loan . So, do check your credit score before applying for a loan. ●  Better money management If you don't need loans, don't apply for them just to check how much you can get; if you do, make sure to make timely repayments. ●  One application at a time Sending out multiple Personal Loan applications to different lending institutions at once could seem like a good idea to increase your chances, but it is absolutely not recommended. All except one application (if approved) wil...

After you decide to apply for a Personal Loan to fulfill your needs/ expenses, it's essential to check for interest rates.  Personal Loan interest rates  play a major role in deciding the cost of the loan. Since the EMI consist of the loan's principal and interest, a higher interest may affect your installments drastically.  Here are a few ways to increase your chances of getting a low-interest-rate Personal Loan .   ● Maintain a credit score of 630 or above. ● Clear off your previous loans. ● Include a co-applicant with a higher credit score. ● Check for festive season interest rates offered by lending institutions. Remember, many financial institutions may offer a low-interest rate upfront, but they may levy several other charges which may increase your loan load.

A Home Renovation Loan provides funds for the cost of renovating your house. The loan amount depends on how much you want to renovate your house. You can use this loan to revamp, refurbish, and repair your existing house.  Steps to follow before you apply for a home renovation loan : Assess the required renovations. They can be flooring, woodwork, new furniture, new fittings, constructing new rooms, repairing the existing structure to suit your taste and modern style, etc. Knowing what you want to do will give you an idea of the cost. You can then see how much loan amount you require for it. Once you decide on the loan amount, check the interest rates and conditions of the lending institution. Apply for the loan online to save time and effort and get instant approval and quick disbursal. Where to apply? Leading online NBFCs like Clix Capital provide Personal Loans for Home Renovation loans of up to Rs 10 Lakhs to salaried professionals. 

Personal Loans are the most sought-after funding option for salaried professionals. The reason is simple they are collateral-free, have a high loan limit of up to Rs. 10 Lakh and new-age NBFCs like Clix Capital provide  instant personal loan  approvals online. Here are the top 10 reasons to get a Personal Loan in India: You can use them to pay off your existing debt You can use them to pay for any medical expenses You can use them to pursue higher education along with your job You can plan a luxury wedding and also pay for any related expenses  You can use them for home renovation any time of the year You can use them to pay for your travel - be it a summer/winter vacation or pilgrimage   You can use them to organize birthday parties for your kids You can take an instant loan and pay on time to build your credit history You can use them to buy the latest gadgets like an iPhone or iPad You can use them to buy home appliances, such as refrigerators, TVs and m...

A personal loan can help you get extra money for a wedding, education, travel, a medical emergency, or anything else.  If you need a   personal loan in bangalore , you can choose to apply online with a reputed lending institution like Clix Capital. Personal Loans offered by Clix Capital come with several advantages: ● No collateral required ● Attractive interest rates ● Flexible repayment tenures ● Loans up to 10 lakhs ● Digitised and paperless loan application ● Minimal documentation Steps to Apply for a Personal Loan in Bangalore Online ● Go to the Clix Capital website  ● Fill out the form with your mobile number ● Fill personal and professional details. ● If you meet all eligibility criteria, you will get a loan offer after verification. ● Accept the loan offer  ● Get the loan amount in your account It is that simple. So, whenever you need a personal loan in bangalore, you can apply online and get instant funding.

Personal loans are unsecured loans that come with no end-use restrictions. They have usage flexibility, minimal documentation and supersonic speed approvals. The best mode for  applying for a personal loan  is online.  But before you apply for a personal loan, follow these tips: Estimate your needs Ensure proper calculation and assessment of how much money you want.  Weigh your eligibility Check your income and loan eligibility with financial institutions to get the maximum principal amount. Keep documentation ready Scan and organize all your documents in a folder for easy reference and uploading. Apply with a reliable financial institution Preferably apply for your loan with a reliable and reputed lending institution having a positive review record. Personal Loan Calculator Use a personal loan calculator online to estimate your EMIs beforehand to plan your budget better in order to avoid any default in payment later. Where to apply? You can apply on ...

The requirement for a personal loan can arise anytime. A personal loan can be used for expenses on education, wedding, house renovations, medical emergencies, etc.  Before you choose and apply for a personal loan, you should compare your options.  When looking for a personal loan, remember to check the following: ● Check the loan amount offered by the lending institution.  ● Check the repayment term of the lending institution ● Check the approval and disbursal process  Most importantly, check the credit score and minimum salary requirements of different lending institutions before finalising and applying for a personal loan . For example – Clix Capital can consider a credit score of 630, while some other NBFCs ask for more than 700. You can also use the personal loan calculator to check the EMI per the interest rate and the amount you wish to apply for. To apply online, you can go to their website, register with your mobile number, provide some personal and pr...

Personal Loans are also called "all-purpose loans," which means you can use them for any purpose you want, such as paying for travel or medical expenditures. As the loan is unsecured, the interest rate is usually higher, and the repayment period is shorter. A personal loan EMI calculator can help you calculate the EMIs you will have to pay. The  personal loan EMI calculator  is an excellent tool for assisting you in determining your repayment capacity. Leading financial institutions like Clix Capital offer personal loan EMI calculators on their websites for free. All you have to do is to put: 'How much do you need?' and 'How much you can pay?' to get different plans showing the EMI amount, interest rate and repayment tenure. It is a quick and easy way to determine your EMI and plan your loan accordingly.    It is highly recommended to check your credit score every three months or six months, so you can improve if there's a requirement and get the best inte...

  1. Understand the operation of unsecured small Business Loans There is no collateral requisite for  unsecured business loans . Instead of considering the worth of your assets, lending institutions will consider your credit score, revenue, and growth potential.  2. Obtaining an unsecured Business Loan While traditional financial institutions may sometimes have the market's lowest approval probabilities and rigorous standards, online lending institutions have greater acceptance rates for unsecured small Business Loans. They have simpler application processes, with funding available much faster than traditional financial institutions. 3. Check different unsecured Business Loan terms The third consideration in obtaining an unsecured loan is to assess the various choices available to you.  Unsecured business loans , sometimes known as loans without collateral, come with different terms. Some of these terms may suit you better than others depending on your situation an...