Things To Learn Crucial before taking a personal loan
                     Things To Learn Vital 
Before Taking 
Things to Know Before 
Availing Personal Loan
 It is crucial to review and 
understand information at 
the table before applying 
for a personal loan.
  Not only does it help you 
maximize your chances of 
loan approval but also aides 
you to get a better deal 
with respect to interest 
rate on your personal loan.
Important Things That 
Everyone Should Know 
Before Applying For A 
Personal Loan
Credit Score
Rate of Interest
Loan Tenure
Credibility of Lender
Eligibility Criteria
Loan Process
1.Credit Score
 If you’re planning to apply for a personal loan, consider checking your 
credit score frequently to know of your chances of loan approval. 
 If you’re facing issues with a low credit score, you can boost it by 
paying your dues on time, making frequent payments, and keeping 
your credit utilization rate up to 30%.
2. Rate of Interest
 One of the most basic things you should consider before 
applying for a personal loan is the proposed rate of interest. 
 Rate of interest decides your EMI and helps you assess your 
repayment ability.
 Though the lending market is flooded with options, you must 
take your due time to research about the best money 
lenders in your city. While the rate of interest can vary 
across different lenders.
 it is also dependent on a few metrics in your credit profile.
3. Loan Tenure
 Always go with the lender that offers personalized loan 
repayment tenure to align with your short- and long-
term financial needs. 
 Your desired loan tenure also dictates your EMI (check 
out this personal loan EMI calculator to know your 
expected EMI) which is why it’s important to carefully 
weigh this factor.
4. Credibility of Lender
 However, today there are 
convenient and faster options to 
avail a personal loan with multiple 
NBFCs and banks now in the 
picture.
 Take your time to carefully research 
the credibility and market situation 
of the lender you’re opting for to 
prevent getting cheated.
5. Eligibility Criteria
 Though different banks and lenders have their specific 
criteria for personal loan eligibility, some common set of 
factors apply to all. While applying for a personal loan, 
you need to make sure that you meet the eligibility 
criteria laid down by the lender you choose.
 Also, go with the lender that has the most suitable 
criteria for personal loan approval to enjoy a smooth 
process.
6. Loan Process
 This is something that probably every loan applicant 
dreads – loan application & approval process. The 
preconceived notion is about the loan process is that its 
long, a lot of hassle, and takes a lot of trips to the bank.
 Share a few basic details and check your eligibility for a 
pre-qualified personal loan offer click here.
Address: 4th Floor, Kailash Building, 
Kasturba Gandhi Marg, Connaught Place, 
New Delhi-110001
Phone: 1800 200 9898
Email us: [email protected]
Website: www.clix.capital 
Clix Capital Services Private 
Limited
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