Clix > Personal > How a Personal Loan can Help During Difficult Covid Pandemic Times?

How a Personal Loan can Help During Difficult Covid Pandemic Times?

Clix May 28, 2021


The Covid-19 pandemic has seized the world in ways no one could have prepared for. From masks and sanitizers to complete national lockdowns, it has affected almost every person’s normal routine and way of living. Global shutdowns are unforeseen challenges that have resulted in severely slowed economies affecting mass livelihood. Hence, financial problems remain one of the most widespread and biggest concerns during the aggressive and recurrent coronavirus outbreaks.

During these times, breaking your savings to pay off your unforeseen expenses and financial obligations is not a wise option. This is where personal loans come in as your savior. Whether it’s a medical emergency, or you want money for a wedding, education, home renovation, or debt consolidation, taking a personal loan can be a smart move to finance your expenses or handle your finances.

Here’s how a personal loan can be beneficial during this Covid pandemic and how to go about it.

Reasons to Pick a Personal Loan

Personal loans can be a smart way to manage your finances, particularly during this pandemic when salary cuts and job losses are rampant. According to a recent report, 39% of survey respondents stated that they faced a salary cut in their current job due to the Covid-19 crisis. During such times, when your regular source of income is at risk, would it be wise to use up your savings? Experts suggest that it is best to keep your savings intact for rainier months and avail a personal loan to meet your immediate expense.

If you meet the lender’s eligibility conditions, going for a personal loan seems to be a more logical and better option. With this, you may plan your finances in advance as per your requirements and apply for them accordingly. Further, you can pay it off in easy EMIs, which means your monthly budget won’t be under undue pressure for repayment. Using up your savings will have the opposite effect. With a reduced source of income, depleting your savings may ultimately lead to a financial crunch and you won’t have enough money for an emergency. This is where personal loans may bail you out.

Benefits of Taking a Personal Loan During Covid

Ample Loan Amount: With a loan amount of up to ₹ 25 lakhs from Clix Capital, you can have sufficient funds to meet your expenses without touching your savings.

Flexible Repayment Tenure: Personal loans have flexible repayment tenure that you can choose according to your budget and repayment capacity. For instance, Clix Capital gives you 12 to 48 months of time to repay your loan in easy EMIs. So, during these unprecedented times, you are not pressurized to pay off your loan immediately.

Easy Eligibility Conditions: While applying for a personal loan, there are extremely simple eligibility conditions that you have to fulfil. For Clix Capital’s personal loan, you just need to be 25 to 58 years of age, have a monthly salary of at least ₹ 25,000, working with the same employer for the last 6 months, and a total work experience of 12 months in the industry. If you meet these conditions, you are good to go with your loan application procedure.

Minimal Documentation Requirements: Since personal loans are paperless loans, you can apply for them from your home while following the lockdown restrictions and social distancing rules. Clix Capital requires only basic documents to prove your identity, address, and income. You don’t even need to upload your documents anywhere if your KYC has been updated with your Aadhaar and PAN. You just need to get them verified online that can be done within minutes.

No Collateral Requirement: Personal loans are unsecured loans for which you don’t need to pledge any security or guarantor. You won’t want to put any asset at risk during these uncertain times, right?

Easy and Quick Loan Approval: The application procedure for a personal loan is extremely simple and you may get your loan approval within 15 minutes*.

Steps to Apply for a Personal Loan

The best thing is that the entire application procedure can be conducted online from the safety of your home during the lockdown. These are the steps to follow:

    • Visit the Clix Capital website
    • Check your credit scoreand ensure that it is more than 725
    • Fill up the personal loan application form
    • Share some essential documents with us to prove your identity, address, and income. Get them verified online if your KYC is updated with your Aadhaar, or upload them if not.
    • Use a personal loan EMI calculator to select your preferred loan term with affordable EMIs
    • Once you receive your loan approval, accept the loan offer
    • Activate the e-mandate for regular EMI payments on time

With each step conducted online, you can be sure that the entire loan application process is hassle-free, quick, safe, and completely contactless.

To apply for a personal loan from Clix Capital, you can fill out our application form online and send it to us. We offer competitive rates and flexible terms to help you get the financing you need when life throws you a curveball. Apply today!

For any queries, find us on Facebook, Instagram, LinkedIn, Twitter, or WhatsApp

You can also reach out to us at or call us at 1800 200 9898

* T & C Apply

9 Replies to “How a Personal Loan can Help During Difficult Covid Pandemic Times?”

  1. I was curious if you ever thought of changing the layout of your website?

    Its very well written; I love what youve got to say. But maybe
    you could a little more in the way of content so people
    could connect with it better. Youve got an awful lot of text
    for only having 1 or two images. Maybe you could space it out better?

    Here is my web blog :: Raul

  2. [url=]tadalafil 5mg costs[/url] [url=]online pharmacy fungal nail[/url] [url=]order sildenafil canada[/url] [url=]ivermectin new zealand[/url] [url=]buy cialis discount[/url] [url=]cialis 500[/url] [url=]cialis medication[/url] [url=]how much is cialis canada[/url] [url=]quineprox 80[/url] [url=]can you buy sildenafil without a prescription[/url]


5 Crucial Tips to Choose Your Personal Loan Tenure Wisely

  Personal loans are unsecured loans that come with a flexible loan tenure. You may take a personal loan to …

5 Steps to Clean Up Your Credit Report and Increase Your Score Quickly

  A person’s credit report is a crucial part of his/her financial journey. It is so important because an individual …

Are You Self-Employed? Here are Top Tips to Ensure Your Home Loan Application is Accepted Easily

  Around 51% of people in India are self-employed. Any doctor, lawyer, architect, chartered accountant, and other professional comes under …