Find yourself in a financial crunch when it’s time to make a big-ticket expense? You don’t need to face that any longer. Today, hundreds of NBFCs offer quick Personal loans that you can use for a myriad of purposes. From funding a wedding or home renovation to financing your vacation or higher education, is an intelligent move many borrowers take today. When used in the correct situation, like a medical emergency or debt consolidation, it can bring multiple notable benefits you would like.

These are the four reasons why you should take care of your big-ticket expenses using a personal loan.

1.    No End-Use Restrictions

Borrowers can use a personal loan for almost any purpose of their choice. Lenders put no end-use restrictions on their approved loans. For instance, if you take a personal loan for home renovation, you can use it for any purpose you like, whether to renovate a bathroom, remodel the kitchen, expand balcony, landscape garden, repaint interiors and exteriors, or change the flooring. The lender will not ask any question regarding where you spent the money, as long as you are regular with your EMIs and pay your loan in time.

Clix Capital is a reputed NBFC offering quick personal loans for different purposes, including home renovation, wedding, medical emergency, vacation, education, or debt consolidation. Once you get your loan approval, you are free to use the loan amount the way you want. However, be sure that you use the loan for your needs only without splurging unnecessarily.

2.    Helps in Improving Your Credit Score

Getting a personal loan also brings with it the benefit of an improved credit score. First of all, you need to have a credit score of 725 or above to get personal loan approval. Making your EMI payments on time can help you build your credit with a favourable repayment history. An unsecured personal loan also helps in bringing diversity to your credit profile, proving that you can handle different types of credit with responsibility. The mixture of varying debt accounts with a history of regular payments works wonders to boost your credit score over time.

Looking forward to improving your credit score using a personal loan? These are the tips to follow:

• • Pay your EMIs on time, as your repayment history makes an essential component of your credit score.
  • Compare lenders and apply to the one offering the most favourable terms and conditions according to your requirements and budget.
  • Choose your repayment tenure wisely. Since many lenders offer flexible repayment terms on personal loans, you are free to choose a loan term with EMIs you can easily afford. This way, you can stay regular with your EMI payments and build your credit score.

3.    Easy Availability with Online Application Procedure

Availing a personal loan has become a 100% online procedure these days. Everything is done online, from filling out the application form to getting loan disbursal in the bank account. While looking for the right lender to apply for a personal loan, you can also compare lenders online from your PC or smartphone.

You may complete the entire loan application procedure online. These are the steps involved in personal loan online apply procedure at Clix Capital:

• • Visit the Clix Capital website
  • Check your credit scoreand ensure that it is more than 725
  • Fill up the online loan application form
  • Get your personal loan documents verified online, which takes just a few minutes. However, if your KYC is not updated, you will have to provide some necessary details
  • Once you receive your loan approval, accept the loan offer
  • Activate the e-mandate for regular EMI payments on time

You don’t need to visit the lender’s office even once to carry out any of these steps. Just log on to the lender’s website from your PC or smartphone and follow the on-screen instructions to complete the process. However, ensure that the lender has an easily accessible customer care team so that you can connect with them in case of any doubt or confusion.

4.    Safe and Paperless Documentation Procedure

Most borrowers are suspicious about sharing their confidential documents with the lender. Since applying for a personal loan involves your finances, you need to share a few documents to provide your identity, address, and income. To apply for a personal loan from Clix Capital, you need the following personal loan documents:

• • Duly filled online application form
  • Recent passport size photograph
  • Identity proof like Aadhaar Card or PAN Card, or government ID for government employees
  • Address proof like Aadhaar Card, Voter ID, passport, driving license, etc.
  • Income proof, including your last month’s payslip or current year’s Form 16

If you are applying for a personal loan at Clix Capital, you don’t need to upload or submit your documents anywhere. If your KYC is updated with Aadhaar or PAN, simply provide your KYC details, and your documents will be verified online within minutes. If everything goes smoothly, you can get instant loan approval within 15 minutes*. Therefore, the documentation process is completely safe and paperless that can be completed within minutes.

Applying for a personal loan is a pretty simple process that does not take more than a few minutes to complete. However, understand the reason why you are taking the loan and make a repayment plan to pay it off in time. Only then can you achieve the benefits of availing a personal loan and improve your credit score.

Are you looking for a personal loan to meet any of your big-ticket expenses? Apply for a personal loan at Clix Capital. We offer quick personal loans of up to ₹ 25 lakhs with flexible repayment terms and competitive interest rates. Now that you know the different reasons to let a personal loan take care of your big-ticket expenses, what are you waiting for? Apply now and avail of the benefits.

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You can also reach out to us at [email protected] or call us at 1800 200 9898

* T&C Apply