Many employees may not have salary slips but they can still take instant Personal Loans from NBFCs like Clix Capital swiftly. You can use these instant funds for a wedding, home improvement or higher studies.
Clix Capital offers Personal Loans without salary slips to working professionals.
Read on to learn more about Personal Loans for salaried individuals without salary slips in detail.
Personal Loan without Salary Slips
Personal Loan for salaried individuals is unsecured debt. You can use it to fund personal expenditures and fulfill your dreams.
Financial institutions determine interest rates and repayment options based on the borrowers’ credit history. The loan tenure usually varies between one to four years.
At Clix Capital, you can get a variety of Personal Loans at the most competitive interest rates, with the easiest repayment options and minimal documentation. Let us understand how it works.
Expenditures that Personal Loans Cover
You can use your Personal Loan for anything you want. The funding through Personal Loans can help you achieve your goals. Clix Capital provides Personal Loans for various purposes, including the following:
- Travel and holidays
- Higher education
- Wedding and related expenses
- Medical emergencies
- Home renovation/expansion
- Fulfilling working capital needs/ expansion plans of business
Features/Benefits of Personal Loans
Personal Loans for salaried individuals have extremely attractive features and irresistible benefits. We have summarised a few major benefits offered by Clix Capital for a better understanding.
Quick and Hassle-Free Application Process
The application process is unbelievably easy and quick as it is online. Just go to the Clix Capital website and fill out their application form with some personal details. After submission and verification online, the loan is approved instantly and funds are transferred to your account within minutes.
Collateral-Free
Personal Loans are unsecured credit products. So, there is no need for any collateral/guarantor. You don’t need to pledge your long-term assets to avail of these loans.
Instant Disbursal
After submitting the required documents, you can sit back and relax. The loan amount will be disbursed in your account within minutes post approval.
Flexible Repayment Options
For most Personal Loans, you get 12-48 months for repayment. You can choose the repayment tenure based on your budget and payment capacity.
Repayment of Personal Loans for salaried professionals may go up to 48 months if needed.
Large Loan Amounts
Clix Capital also caters to those looking for Personal Loans for businessmen. Depending on your eligibility and need, you can get Personal Loans of up to INR 10 lakhs to fund your business expenses.
Similarly, you can get a loan up to INR 10 lakhs for medical emergencies. The Personal Loan amount can go up to INR 25 lakhs for home renovation expenses.
Minimal Documentation
A loan application doesn’t require hefty paperwork. You can apply for an instant Personal Loan with minimal documentation.
Submit your address proof, identity proof, and proof of ownership online, and it is all you need to do.
Eligibility Criteria For A Personal Loan
Salaried individuals should fulfil these eligibility requirements to avail of a Personal Loan from Clix Capital.
Age
There is a minimum and maximum age limit to apply for a Personal Loan. You should be between 21 to 58 years to get a Personal Loan from Clix Capital.
Credit Score
Since Personal Loans are unsecured, you should have a decent credit score to qualify. At Clix Capital, you should have an Experian Score of 630 to apply for a Personal Loan.
Documents Required for Personal Loan for Salaried
Salaried individuals need to submit only a few documents while applying for a Personal Loan.
A Completed Application Form
This will include basic details for screening the Personal Loan request.
Passport-Size Photographs
You must provide your latest passport-size photograph, preferably with a white background.
Identity Proof
It can be an Aadhaar card/ PAN card/ Driving license/Passport/Voter ID.
Address Proof
Aadhaar Card is the most preferred document. But, in case it is unavailable, you can submit your Voter ID/ Passport/ Driving Licence/ utility bills from the last two months.
Income Proof
This will include the following documents:
- One month salary slip,
- PAN card of the individual applying for the loan.
- 6-month account statement.
If you do not have salary slips, you can provide Form 16 of the current year.
Procedure for Applying for A Personal Loan
At Clix Capital, it takes three easy steps to apply for a Personal Loan for salaried individuals.
Fill Application Form
Visit the website and fill out a short application form. This step will not take more than 3 minutes!
Submit the Required Documents
Submit the scanned or photocopies of the documents as required.
Approval and Disbursal
After verification and approval, your loan amount will be disbursed to your account within a few minutes.
Wrapping up
Getting Personal Loans for salaried individuals is now just a click away due to new-age NBFCs like Clix Capital.
Personal Loans can come in handy as you plan your wedding, higher education, travel, or business expenses. Make sure you meet the basic eligibility criterion and have the required Experian credit score to get the loan at your desired terms.
