Clix Capital Business Loan

Clix Capital Finance is one of the leading NBFCs that offers commercial and retail lending products and services to its customers to fulfill their working capital needs and for business expansion purposes. It offers a range of secured and unsecured business loans, including working capital loans, loans against electronic payments (POS Loans), school financing, and corporate loans.

Clix Capital Business Loan – Highlights
Interest Rate	Depends on the applicant’s profile and business requirements
Age Criteria	Min. 21 years and Max. 65 years
Minimum Loan Amount	Rs. 5 lakh
Maximum Loan Amount	Rs. 50 lakh
Processing Fees	Up to 3% of the sanctioned loan amount
Repayment Tenure	12-36 months, 48 months for self-employed professionals
Collateral/Security	Not required

Business Loans offered by Clix Capital Finance can be availed by private limited companies, sole proprietorships, partnerships, and closely-held non-listed companies engaged only in businesses related to services, manufacturing, and trading sectors. Mentioned entities should also fulfill the below criteria to be eligible to avail business loans from Clix Finance Ltd.

Eligibility Criteria

• Minimum business turnover – Rs. 1 crore
• Last 24 months’ audited financial statements
• Last 12 months’ GST returns
• Business existence for at least 3 years

Documents Required for Loan Application

• Duly filled application form along with Passport sized photographs
• Identity Proof – Passport, Aadhar Card, PAN card, Government ID (if an employee)
• Address Proof – Aadhar Card, Passport, Driving License, Voter ID
• Proof of ownership – In the name of The Applicant or Applicant’s spouse or parent

 Financial Documents

• Last 6 months’ bank statements
• GSTIN
• PAN card – For Individuals, Firms, or Companies (whichever applying for a loan)
• Copy of recent ITR
• Audited balance sheet for last 2 year
• Profit & Loss statement of last 2 years
• Business existence proof for 3 years – Trade License, Establishment Certificate, ITR and Sales Tax Certificate

Comparison of Business Loan Interest Rates offered by Top Banks/NBFCs

Bank/NBFCs	Interest Rate
Axis Bank	14.95% - 19.20% p.a.	Apply Now
Bajaj Finserv	9.75% - 30% p.a.	Apply Now
Flexiloans	1% per month onwards	Apply Now
HDB Financial Services Ltd.	Up to 36% p.a.	Apply Now
HDFC Bank	10% - 22.50% p.a.	Apply Now
IDFC First Bank	10.50% p.a. onwards	Apply Now
Indifi	1.50% per month onwards	Apply Now
Kotak Mahindra Bank	16% - 26% p.a.	Apply Now
Lendingkart	12% - 27% p.a.	Apply Now
Mcapital	2% per month onwards	Apply Now
NeoGrowth Finance	19% - 24% p.a.	Apply Now
Tata Capital	12% p.a. onwards	Apply Now
UGRO Capital	9% - 36% p.a.	Apply Now

Note: Interest Rates are updated as on January 2023.

Loan Against Electronic Payments (LAEP) / Working Capital Loan

Features & Eligibility:

• Can be availed by Private Limited Companies, Sole Proprietorships, Partnerships, and Closely-Held Public Limited Companies
• Loan Amount: Min. 2 lakh and Max. 50 lakh
• Collateral Free Loan
• Pay EMIs daily with every swipe
• Repayment Tenure: From 6 to 18 months
• Minimum business existence required is 24 months
• Entity should be using PoS machine for at least 1 year
• Minimum card sales volume should be Rs. 2 lakh per month
• Ownership Proof in the name of the applicant or applicant’s spouse or parent

Also Read: Working Capital Loan – Interest Rate, Eligibility, Benefits & Formula

School Financing Loans / K-12 Loans

Features & Eligibility:

• Both secured and unsecured loans for schools
• Used for construction of new buildings, premises expansion, and repairing or renovation of existing buildings
• Loan Amount: From Rs. 10 lakh to maximum up to Rs. 7.5 crore
• Repayment Tenure: Maximum up to 10 years (5 years for unsecured loans)
• Age Criteria: Min. 21 years and Max. 65 years at the end of tenure (Min. 25 years for K12 loans)
• K12 schools should already be managed by Section 25 Company, Trust, or Society
• For loans up to Rs. 2 crores (Reporting Financials are not required)
• For loans above Rs. 2 crore – Reporting Financials are required for the last 2 years
• School should be existing and operational for the last 5 years (7 years for K12 loans)

Fees & Charges

Fees and Charges – Unsecured Business Loans
Pre-payment charges	Less than 12 months – 6% of principal outstanding From 12-24 months – 5% of principal outstanding Above 24 months – 4% of principal outstanding
Penal Interest	@up to 3% pm on EMI overdue
PDC/NACH/ESC bounce charges	Up to Rs. 500
Swap charges	Up to Rs. 1000
Loan Cancellation charges	Up to Rs. 20,000 plus the applicable rate of interest
Document Retrieval	Up to Rs. 1000
Issuance of NOC	Up to Rs. 500
Issuance of Statement of Account	Up to Rs. 500
Any change or modification	Up to 2% of the outstanding amount

 

Fees and Charges – Corporate Loans (CAG)
Foreclosure Charges	Up to 2%
Processing Fees	Up to 2.5% of the loan amount
Default Interest Range	Up to 2%
PDC/NACH/ESC bounce charges	Up to Rs. 1000
Swap charges	Up to Rs. 1000
Issuance of NOC	Up to Rs. 500
Issuance of Statement of Account	Up to Rs. 500
EMI cycle repayment date change	Up to Rs. 1000
Issuance of duplicate Income Tax Certificate	Up to Rs. 500

Note: All the mentioned interest rates, fees and charges are subject to change and depends on the sole discretion of the NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.

Additional Types of Business Loans from Clix Capital

• Secured Business Loans
• Vehicle Leasing
• Healthcare and Industrial Equipment Loans
• Corporate Loans

Customer Care

Toll-Free Number: 1800-200-9898

email: hello@clix.capital