Clix Capital Business Loan

Highlights of Clix Consulting Business Loan
Interest Rate	Up to 46% p.a.
Loan Amount	Up to Rs 7.5 Crores
Tenure	1 year to 10 years
Processing Fees	Up to 3% of the loan amount

Clix Capital Business Loan Interest Rates

Clix Capital offers business loans at interest rates of up to 46% p.a. In case the business loan interest rates for the loan applicant is 0% or the customer is not charged any interest, the lender recovers the same as part of the subvention agreement.

Fees and Charges of Clix Capital Business Loan

Fee Type	Standard Rate
Processing Fees / Loan Applied Fees	Up to 3% of the loan amount
Prepayment Fees	Less than 1 year – Up to 6% of principal outstanding for loan amount 12 Months to less than 24 months – Up to 5% of Principal outstanding for loan amount Above 24 Months – up to 4% of Principal outstanding for loan amount
Penal Interest	Up to 3% pm on EMI overdue
Restructure/Modification/change in borrowers	Up to 2% of Outstanding Amt.
Cheque/NACH/ESC bounce charges	Up to Rs 1,000
Repayment instrument change/swap charges	Up to Rs 1,000
Issuance of duplicate Income Tax certificate	Up to Rs 500
Issuance of NOC	Up to Rs 500
Issuance of Statement of Account	Up to Rs 500
Document Retrieval / Foreclosure statement	Up to Rs 1,000
Loan cancellation charges	Up to Rs 20,000 + rate of interest from the date of disbursement till date of request for cancellation

Types of Clix Capital Business Loan

Clix Capital Business Loan

Purpose – Clix Capital Business Loans enable businesses to avail this unsecured credit facility to increase their working capital, expand their workplace, build sufficient credit for the future, purchase new machinery/inventory, hire or train staff, introduce new line of products or service, etc. The lender offers both term loans and working capital loans
Loan Amount – Rs 5 lakh to Rs 50 lakh
Tenure- 1 to 3 years

Clix Capital Unsecured Business Loans

Purpose-  Clix Capital Unsecured Business Loans allows business units to term loans and working capital loans for fulfilling their  working capital needs, to buy machinery, to increase the business cash flow, etc. The lender offers this loan on the basis of an applicant’s financial documents, income, credit score, etc. As the borrower is not required to pledge any collateral/security for availing the loan, it increases the risk factor for the lender.

Loan Amount – Rs 5 lakh to Rs 50 lakh
Tenure- 1 to 3 years

Clix Capital Business Expansion Loan

Purpose- Clix Capital Business Expansion Loan enables businesses to expand their operations, to take operations online, to purchase new equipment, to increase production, etc. The lender claims to offer quick loan disbursal to allow business owners to ensure timely payments and make purchases without much delay.

Loan Amount- Rs 5 lakh to Rs 50 lakh

Tenure- 1 to 4 years

Clix Capital Healthcare Equipment Loan

Purpose- Clix Capital Healthcare equipment loans allows prospective loan borrowers to procure funding for developing their healthcare facility and purchase the latest technology. The lender offers this business loan facility for enabling borrowers to set up their clinics while offering easy loan processing and faster loan approval.

Loan Amount- 100% Finance for lease & 90% for loans

Tenure- 3 months to 4 years

Clix Capital K12 Loans/ School Financing Loan

Purpose- Clix Capital K12 Loans/ School Financing Loan enables lenders to borrow money to  meet their capital expansion needs. The lender offers both secured and unsecured business loans with minimal documentation and faster loan processing.
Loan Amount – Rs 50 lakh to Rs 7.5 Crore
Tenure – Up to 10 years ( 5 years for unsecured)

Eligibility Criteria for Clix Capital Business Loan

Clix Capital Business Loan

• The business loan applicant should be aged between 21 years and 65 years (at the end of the loan tenure)
• A proprietorship/private limited company/closely held non-listed company/ partnership firm involved in the business of manufacturing, trading or services
• A minimum turnover of Rs 1 crore
• Reporting audited financial statements for the last 24 months, routing the majority of the business through a banking system, or capturing your turnover in the last 12 months through GST returns
• Minimum 3 years of total business vintage

Clix Capital Unsecured business loan

• The business loan applicant should be aged between 21 years and 65 years (at the end of the loan tenure)
• The business should be in operation for at least 3 years.
• The business loan applicant should be filing income tax returns for your business for the past 1 year.
• The applicant should have the financial statements of your business for the last 24 months and previous year’s turnover, duly audited by a CA.
• Other relevant financial documents might be required at the time of document verification.

 Clix Capital Business Expansion Loan

• The business loan applicant should be aged between 21 years and 65 years (at the end of the loan tenure)
• It should be a proprietorship/private limited company/closely held non-listed company/ partnership firm involved in the business of manufacturing, trading or services
• Has a minimum turnover of Rs 1 crore
• Has audited financial statements for the last 24 months
• Going concern in the current area of work for a minimum period of 36 months, with 5 years of total business vintage

Clix Capital Healthcare Equipment loan

• The business loan applicant should be aged between 21 years and 65 years (at the end of the loan tenure)
• Owning a doctor’s degree and a minimum 36 months of professional practice
• Registered in India as a public limited/private limited company, partnership firm, etc.with a minimum business vintage of 1 year.
• In addition, you must fall into any of the following categories:
  • Specialty or super-specialty hospital
  • Nursing home
  • Diagnostic center
  • Pathology lab center
  • Specialty clinics (like skin and dental clinics)
  • Dialysis center
  • Endoscopy center
  • IVF center
  • Educational institute — medical/paramedical/dental college
  • Large medical equipment dealer
  • Pharmaceutical manufacturer
  • New setups by doctors or individuals with relevant experience in healthcare

Clix Capital K12 Loans/ School Financing Loan

• The business loan applicant should be aged between 21 years (25 in the case of Unsecured K12 loans) and 65 years (at the end of the loan tenure)
• Should be a Trust/Society/Section 25 Company
• Minimum business vintage of 5 years (7 if opting for unsecured K12 loans)
• At Clix, Reported Financials are not required for loans up to 200L and Reported Audited Financials are required for the last 2 years for loans above 200L.

Documentation required for Clix Consulting Business Loan

• Completed application form
• Passport-size photograph
• Identity Proof (Any One): Aadhaar card, Passport, Voter ID, Ration Card, Driving License, PAN card or Government ID (for government employees)
• Address Proof (Any One): Any of the ID proof or your last 2 months’ utility bills in the name of the applicant, applicant’s spouse/ parents
• Financial Documents :
  • PAN Card – For Firm/Company/Individual (s) coming applying for the loan
  • GSTIN
  • 6-month bank statement
  • Copy of the most recent Income Tax Return form along with computation of income, audited balance sheet and profit & loss account for the previous 2 years
  • Proof of continuity of business of 3 years (ITR/trade license/establishment/sales tax certificate)
• Proof Of Ownership In The Name Of The Applicant Or The Applicant’s Spouse/Parents: Of either the residence or office