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6 Ways a Personal Loan Can Benefit You to Fulfil your Financial Needs

We all have some ambitions that we have been working on or are going to start working on. However, money is essential to work towards them and further keep our financial life balanced simultaneously.

A personal loan is an unsecured loan that helps to meet all the financial requirements. This implies that you don’t have to risk any valuable asset as collateral or security while applying for a loan. It comes with instant approval, fast disbursals and flexible repayment options. The ease and convenience also translate to the spike in demand for personal loans that was observed in Q3 of CY 2019 in the India Retail Credit Trends report by TransUnion Cibil. Further, the dramatic growth of 133.9% was recorded in Q3 2019 as consumption of credit continued to accelerate.

Several banks and NBFCs offer personal loans at attractive interest rates, and one of them is Clix Capital which takes care of extensive documentation, and further provides a hassle-free process for a great consumer experience. If you’re a salaried employee over the age of 25 years with a total professional experience of at least 12 months, you can easily avail of a loan amount of Rs 1 to 25 lakhs to fulfil your financial requirements.

Here are a few financial requirements that you can meet with the help of a personal loan:

Manage your marriage expenses

When looking forward to planning a wedding, the first image that strikes is a beautiful palace or beach setting, every soon-to-be groom and bride dreams of a marriage that creates memories to be cherished forever. A personal loan for marriage comes as a helping hand in those times when the funds are not sufficient to plan a wedding even after going on a tight budget. With the help of a marriage loan, you no longer have to exclude certain things they had always imagined would be a part of their perfect wedding.

For debt consolidation

If you are in excessive debt, it can be stressful as it can potentially affect your short and long-term financial goals. Also, if you’re considering saving for the future, soaring interest rates and mounting EMIs might use up all your savings. Thus, a personal loan for debt consolidation is a great solution to avoid emptying the savings and getting rid of a high-cost debt at the same time.

Fund your long-due holiday

We all need a break when monotony sets in life. Travelling rejuvenates one’s mind and can make anyone a happier person. While all of this sounds good, the monetary aspects might worry you at some point or the other. Most of the time, we save enough money for travel purposes. However, when the savings get exhausted due to unplanned situations or emergencies, your long-due holiday gets delayed. In such situations, personal loans for travel serve as a great help.

Renovate your house

Revamping your house can help you spruce up your area and give it a completely new look and feel. However, many factors come into play for the upkeep of the house, including paint, upholstery, furniture, and the list goes on. With a personal loan, you can remodel your house without worrying about the finances. Furthermore, it helps to plan and appropriately allocate funds without compromising or cutting any corners.

Finance for higher education

Quality education is a must as it helps develop something new rather than relying on innovations done in the past. However, the cost of education is increasing rapidly, and in fact, the cost of studying at reputed institutions is also escalating. In this case, attaining the best education is not as daunting as a personal loan for education. Further, it can be the pursuit of academic courses easier without burdening you with liabilities.

Pay for a medical emergency

Medical emergencies can occur anytime, and it can be really difficult to pay off those expensive medical bills instantly. It is usually challenging to handle such situations with several formalities, medications, several tests and documentation at the hospital. And, any delay in the treatment can put the patient’s life at stake. Hence, opting for a personal loan for medical emergencies is the perfect solution to manage all the expenses.

When it comes to securing a reliable source of funds to fulfil your financial needs, nothing is more fitting than Clix Capital’s loans. Moreover, you can check customized EMI plans with a personal loan calculator based on the amount you need and the amount you can repay monthly. With Clix, the process of availing of a loan is simple and convenient.

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