Personal loans - Top 5 Questions Answered
                     Personal loans - Top 5 
Questions Answered
Where can you spend your 
loan on?
 You have probably heard the 
term personal loan, but 
maybe it is completely new to 
you. Without any second 
thought, run through this guide 
that offers you the answers to 
the most common questions 
related to personal loans. 
 So the answer to this question 
will be pretty impressive. You 
can spend your loan amount 
on everything you need. As the 
name suggests personal, keep 
it personal and use it on 
anything you want. 
What is the eligibility to get 
a personal loan? 
An instant personal loan is easily available 
in the market. However, to get the approval 
you will have to meet certain criteria and 
eligibility. You must have a good credit score 
that will make it easy for your loan provider 
to offer you the loan at risk. Apart from credit 
score, you must have a good bank balance 
and a stable income monthly so that you can 
pay back your loan on time.
What are the documents 
needed for a personal 
loan? 
 Be it an online application, or physical loan process, you 
would need documents. Without documents, you cannot go 
ahead with the loan process. 
 You must have documents like income proof, address proof, 
Aadhar card, Pan Card, employment details, and whatever 
your loan provider asks you to offer. Make sure you keep 
each of the documents handy and original.
How can you calculate your 
EMI amount? 
 Your EMI is the monthly installment you pay to repay 
your entire loan amount. The EMI will be calculated 
based on the loan amount, interest rate, and tenure. 
 The rate of interest is added to the personal loan 
amount and then divided by the number of months. It 
will give you an amount that you need to pay monthly to 
repay the entire loan amount within the stipulated 
tenure of the loan.
What credit score is needed 
for a personal loan? 
 A score of more than 650 can make you eligible for a 
personal loan. The better the score, the best for you!
Wrapping up
Use a personal loan calculator to 
depict the right loan amount and pay 
your EMI on time. Use the money on 
anything and meet your 
requirements.
Address: 9th Two Horizon Center, 901b, 
DLF Phase 5, Sector 43, Gurugram, 
Haryana 122002
Phone: 1800 200 9898
Email us: [email protected]
Website: www.clix.capital 
Clix Capital Services Private 
Limited