Clix Housing Finance Limited
Clix Housing Finance Limited, formerly known as Clix Housing Finance Private Limited, is a Non-Government company helping aspiring homeowners buy a home of their own by offering hassle-free home loans. The NBFC is a 100% wholly owned subsidiary of Clix Capital Services Limited, formerly known as GE Money Financial Services Private Limited. Clix Housing Finance home loans start at an interest rate of 15.00% per annum. The NBFC charges a processing fee of up to 2.00% of the loan amount + applicable taxes. Borrowers can choose between floater or fixed rate packages while applying for Clix home loans with a maximum repayment tenure of up to 25 years. Some of the popular offerings of Clix Housing Finance Ltd. are regular home loans, home renovation loans, and balance transfer home loans.
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Clix Housing Finance Home Loan Key Highlights
Get the lowest interest rates with Clix Housing Finance
| Loan Amount | Up to 1 crore |
|---|---|
| Rate of Interest | Starts at 15.00%% per annum |
| RPLR | 18.50% |
| Processing Fee |
Up to 2.00% of the loan amount + Applicable Taxes |
| Maximum Tenure for Repayment | 25 years |
| Penal Rate of Interest | |
| Rate Packages | Fixed/Floater |
| Charges for Prepayment/Foreclosure | Variable Interest Rate for Individual Borrower: Nil | Variable Interate Rate for Non-Individual: 4% + Applicable Taxes/ 6% + Applicable Taxes in case the loan is repaid within 12 months of the 1st disbursement |
Clix Housing Finance Interest Rates in 2024
Banks and NBFCs get their share of the benefit by lending you money to buy or construct a home by taking an interest on the loan amount. Clix home loan rate of interest starts at 15.00% per annum and may vary depending on certain factors. The table below enlists the current Clix Finance home loan interest rate 2023:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Fixed Plans (For Salaried) | Starts at 15.00% per annum |
| Fixed Plans (For Self-Employed) | Starts at 15.00% per annum |
| Floater Plans (For Salaried) | Starts at 15.00% per annum |
| Floater Plans (For Self-Employed) | Starts at 15.00% per annum |
Interest rates were last updated on 8th September 2023
Clix Home Loan Eligibility Criteria
An interested borrower can fetch home loans from Clix Housing Finance Ltd. by fulfilling some easy eligibility criteria based on age, nationality, and minimum annual income. The table below enlists Clix Finance home loan eligibility criteria for your reference:
| Eligibility Parameters | For Salaried Individuals | For Self-Employed Individuals |
|---|---|---|
| Age Range (in years) | 18 - 65 Years | 18 - 65 Years |
| Nationality | Indian Resident | Indian Resident |
| Minimum Income Earned | Rs. 25,000 per month | Annual income > Rs. 3 lakh |
Clix Housing Loan Processing Fee and Charges
Clix Housing Finance Ltd. offers hassle-free home loans and to facilitate the process of approving all such loans, it charges a processing fee and other valid charges. The table below enlists the updated Clix home loan processing fee and charges:
| Processing Fee | Up to 2.00% of the loan amount + Applicable Taxes |
|---|---|
| Prepayment/ Foreclosure Statement |
|
| Photocopy of Documents | Rs. 500 per set |
| List of Documents/ Foreclosure Letter | Rs. 500 per request + Applicable Taxes |
| Document Retrieval Charges | Rs. 1000 per instance + Applicable Taxes |
| Cheque Bounce Charges | Rs. 500 per instance +Taxes |
| Rate Package Swapping Charges |
|
| Issue of Duplicate No Dues Certificate | Rs. 500 per set + Taxes |
| Decrease or Increase in Loan Term | Rs. 500 + Taxes and Statutory Charges |
| Statement of Account/ Issue of Amortization | Rs. 500 per instance + Taxes and Statutory Charges |
| Statutory Charges | As per the CERSAI |
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Clix Home Finance Schemes and Top Plans
Clix Housing Finance Ltd. understands the varied needs of people who wish to own a home, so it offers a plethora of home loan schemes to choose from and some of these are listed below:
1. Regular Home Loan
- Ideal for those who wish to purchase a home/ plot or construct a home on an already-bought land
- Available to both salaried and self-employed applicants
- Maximum loan tenure repayment of up to 25 years
- Maximum loan amount of up to Rs. 1 crore
2. Home Renovation/ Expansion Loan
- Best home loan scheme for those interested in expanding a home by adding a room or floor
- Flexible EMI repayment options ranging between 12 - 48 months
- Maximum loan tenure repayment of up to 25 years
- Applicant must possess a professional experience of at least 1 year and must have been working in the current company for the last 6 months.
3. Home Balance Transfer Loan
- Flexible option to transfer the balance from an existing home loan to a Clix home loan
- Additional Top-Ups available
- Comparatively lower rate of interest
Note: All of the above home loan plans are made available to applicants solely at the discretion of Clix Housing Finance, taking into consideration the earning and repayment capacity of the applicant.
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Documents Required For Clix Home Loan
Clix Housing Finance Ltd. asks for a certain set of documents to verify your credibility as a borrower to approve home loans. Have a look at the list of Clix Finance home loan documents and arrange for the same before applying for a Clix home loan:
Documents Required for Salaried Applicants
- Salary slips for the last 3 months
- Salary account statements for the last 6 months
- ITR for the last 2 years
- Duly filled and signed application form with a passport-size photograph
- A processing fee cheque in favor of Clix Capital
Documents Required for Self-Employed Applicants
- Bank Statements of all business accounts for the last 6 months
- Business Profile informing about the nature of business or profession
- Profit and Loss Account Statements for the last 2 years
- ITR for the last 2 years
- Duly filled and signed application form with a passport-size photograph
- A processing fee cheque in favor of Clix Capital
Common Documents Required from Both Salaried and Self-Employed Applicants
| Type of Document | Documents Required |
|---|---|
| Identity & Address Proof | Voter ID, Driving License, Aadhaar Card, Copy of Passport, PAN Card |
| Documents Related to Property |
|
Find Clix Home Loan Offices Near You
If you are planning to visit one of the offices of Clix Housing Finance near you to understand the Clix Capital Housing Finance Loan Offer in detail and apply for the Home Loan, you can simply fill in the Free Consultation form and the team of BASIC Home Loan will reach out to you for needful assistance in the process.
Interest rates and fees on home loans vary based on eligibility and lender criteria. All applicable fees and charges are subject to relevant taxes and can change at the lender’s discretion. For the most current information on home loan interest rates, processing fees, other applicable charges, and updates on eligibility criteria and loan offers, please visit the official website of the bank.
FAQs
Yes, Clix Capital Services Private Ltd., or CCSPL is registered and regulated by the Reserve Bank of India or RBI. It is an NBFC that extends multiple credit facilities to customers such as home loans, business loans, and so on.
The maximum loan repayment tenure for Clix Housing Finance home loans is up to 25 years depending on the plan chosen and repayment capacity of the borrower.
The maximum home loan amount a borrower can avail of from Clix Housing Finance is up to Rs. 1 crore based on certain eligibility criteria.
The current interest rate offered by Clix on home loans starts at 15.00% per annum. It may go up depending on the plan chosen and the borrower's repayment capacity, along with some other criteria. So, we suggest you refer to the official website to check the various interest rates of Clix home loans.
The maximum loan repayment tenure for a Clix Finance home loan is up to 25 years.
You can follow these steps for paying Clix Capital EMI online payment:
- Visit the official website of Clix Capital Services Private Ltd.
- Go to the ‘EMI Payments’ option displayed under the ‘Recharges and Bill Payments’ section
- Under operator choose ‘Clix Loan’
- Fill in the necessary details
- Click ‘Continue’
- Your EMI amount will now be displayed on the screen
- Apply the discount code and make the EMI payment
Yes, as a Clix home loan borrower, you can get tax benefits under the Income Tax Act, of 1961. We suggest you visit the nearest branch or search on the official website to learn about the exact tax benefits.
The minimum CIBIL or credit score needed to get a Clix home loan is 630. Through this credit score, the NBFC can rely on an applicant as a low-risk borrower.