What Is a Personal Loan?

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What is a Personal Loan?
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What is Personal Loan?

• Personal Loan is an unsecured credit provided by
  financial institutions based on criteria like
  employment history, repayment capacity, income
  level, profession and credit history.
• Personal Loan, which is also known as a consumer
  loan is a multi-purpose loan, which you can use
  to meet any of your immediate needs.

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Benefits of availing of a Personal Loan?

• Unlike other types of loans like Home
  Loan or Gold Loan, where you must provide several
  documents, Personal Loans require minimum
  documents and the approval process is quick.
• With various financial institutions
  offering Personal Loan online services, the loan
  amount is disbursement within a few hours
  provided the lender is convinced of your
  repayment capacity.

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Maximum amount that you can borrow

• The maximum amount that you can avail depends on
  your income level, your profession and the
  lenders assessment of your loan application.
  Generally, the lenders sanction the loan based on
  their calculation, so that the EMI is not more
  than 40 - 50 of your monthly income.
• Also, the lenders consider if you have any dues
  while calculating the loan amount.

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Documents required for Personal Loan application

• Although the documentation varies from lender to
  lender, some of the essential documents you must
  provide along with your application form include
• Proof of income (salary slip, bank account
  statement, ITR forms)
• Proof of residence and identity proof
• Certified copy of your degrees and licence (this
  is applicable only for self-employed applicants)

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• Apply Personal Loan in Mumbai

• A personal loan is the best option if you need
  funds for an urgent need or a short period. It
  can be availed for any purpose. Apply for
  personal loan in Mumbai online on Clix Capital by
  just filling a few personal details.
• A personal loan is easy to have from the various
  rising banks, NBFC, and other digital
  loan-providing agencies. Get personal loan online
  amount within 24 hours in your bank account at
  Clix.

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Thank You
For more information please contact
Clix Capital Services Private Limited Email
hello_at_clix.capital Mobile [phone]