Festivities, frivolities, and fiestas, it’s that time of the year where we keep aside every negativity and drown ourselves in festive spirits with friends and family. Yes, the festive season in India is supposed to be the most auspicious time of the year for fresh starts and investing in new ventures. However, to celebrate all the rituals and traditions in a relevant way, you need to spend a considerable sum of money.
Many of us rely on our savings to fulfil festive needs. But at times, these savings are not enough to accommodate all the expenses incurred. Additionally, it isn’t even apt to exhaust all your savings in one go.
Here is where personal loans step in as they are the perfect respite from the heat of financial emergencies. Personal loans are unsecured loans extended by financial institutions to eligible borrowers on a pre-decided interest rate over the chosen loan tenure.
Being unsecured in nature, one doesn’t need to offer collateral to avail of a personal loan. However, before opting for a personal loan, here are a few elements to know.
Things to Know Before Opting for a Personal Loan
Personal loans can be quite helpful during festive seasons. With banks and lenders advertising low-scheme loans, it can be alluring to grab any offer when we don’t have much knowledge about better alternatives. Apart from banks and any lenders, there are reputed NBFCs like Clix Capital that will never give their customers false hope and vague schemes.
Well, an unsecured personal loan has its perks. Here are some important considerations to be mindful of before opting for a personal loan during festive seasons:
Rate of Interest: The rate of interest is one of the most crucial factors that you should compare before opting for a personal loan. Many banks and lenders lure customers with festive season offers by offering you low-cost interest rate personal loans. You must find out about the credibility of the lender or the financial institution before submitting your loan application.
No security: The biggest advantage of a personal loan is that it does not require you to pledge any security in case of default. There is no collateral involved in the loaning process. One can easily opt for an instant personal loan from Clix Capital without any processing delays.
Reason to Avail a Loan: It’s festival time and there could be thousand reasons to go for a personal loan and justifiably so. However, experts recommend that you need to do a close introspection to know the purpose of availing of a personal loan. That is a necessary step as that rules out borrowing for unimportant reasons and also prevents you from borrowing more than required.
Clix Capital Festive Loan Benefits
Here are some prominent advantages offered by Clix Capital’s personal loan for the festive season:
The affordable interest rate on personal loan
Clix Capital, one of the most reputed Non-Banking Financial Companies, offers affordable interest rates on personal loans that will not disrupt your monthly expenses. Personal loans can be a beam of hope during challenging times of financial crisis.
Therefore, Clix Capital offers the lowest rates on personal loans that will blend seamlessly with your budget planning. They are offering unsecured personal loans up to INR 10 lakhs with minimal paperwork and instant disbursal.
The procedure to avail of this loan with Clix Capital is hassle-free. Once approved, the online loan process is extremely quick and hassle-free for the amount to be credited to your bank account. That’s why these loans are the best choice for obtaining instant credit to meet your festive needs.
Easy EMIs during the tenure
One big advantage of availing of a personal loan during the festive season is that the payback period is extremely flexible and personalized to meet the borrower’s needs. You don’t have to worry about making your repayments immediately, it can be done as per your convenience depending on the agreement. It is advisable to opt for a loan tenure after due consideration so that it neither burdens you with debt and interest and nor is too lengthy.
Opt for a loan tenure that aligns perfectly within your monthly budget. The best way to ensure that is by using the Personal Loan EMI Calculator that helps pre-empt the estimated EMI to better plan and proportion the same in your monthly budget.
One of the most relieving factors of a personal loan is that it’s a collateral-free loan which means that you do not have to pledge any asset while taking a personal loan. You can do away without arranging an asset for getting a personal loan. This is one of the biggest respites as arranging for collateral in times of financial crisis or festivities is a task.
An excellent credit score can work wonders for a personal loan applicant. You can easily get your credit score checked online at Clix Capital and might get a pre-qualified personal loan deal just based on your credit score. Once you say ‘yes’ to the offer, you can get instant personal loan approval with the loan amount reflected in your bank account within 24 hours (depending on the loan application).
Easy Online Process
Shopping, home decoration, and other endless chores – festivals can be jam-packed. You don’t have to waste your time by visiting a bank or any other money lender. Clix Capital provides a hassle-free and fully digitized loan process to apply for a personal loan from the comfort of your home. Sit, relax and enjoy yourself with your family while we examine and process your personal loan application.
Am I Eligible for a Personal Loan from Clix Capital?
Banks and NBFCs have different measures for personal loan eligibility; here is what you need to apply for a personal loan with Clix Capital. You are eligible for a personal loan if:
- You’re a residing citizen of India.
- You’re between 21 years and 58 years of age.
- Your net monthly income from all sources is INR 20,000 and above.
- Your total work experience is a minimum of 12 months and you have been employed in your current company for a minimum of 6 months.
How Do I Proceed for a Personal Loan from Clix Capital during this Festive Season?
Now that you’re through with your personal loan eligibility and are ready to apply for a personal loan from Clix Capital, just follow these easy online application process:
- Access the online personal loan application form
- Confirm your phone number through an OTP
- Give your PAN details
- Share employment details
The year-end celebrations are still on and we are on our toes to make the best out of it. From home decoration to buying gifts for loved ones and making travel arrangements, there’s a whole lot to do. This year, do not let the festive enthusiasm fade away under any financial strain. With Clix Capital’s personal loan for festivities, end another year with good memories.