Short-Term Personal Loan

What is a Short Term Personal Loan

One can apply for a short-term personal loan online and get the same approved within a matter of 2 minutes. It is possible because the eligibility criteria is fairly straightforward and such forms of credit do not ask a lot out of the borrower by way of documentation. As soon as the verification process has been successfully completed by the lender, the funds tend to reach the borrowers’ bank account within a day.

Short-term personal loan repayment also tends to be cost-effective in nature since the tenor is not lengthy. A majority of Finserv MARKETS’ partner institutions offer flexible repayment terms. In addition to the same, they also offer the same at competitive interest rates so that the borrower can repay the same conveniently.

Eligibility Criteria for Short-Term Personal Loans

If a borrower is considering to apply for a short term personal loan, they must ensure that they meet the following eligibility criteria:

• Nationality: Indian

• Age: Between 21 to 60 years of age

• Employment Criteria: Salaried and employed with a corporate establishment of repute

• CIBIL/Credit Score: 750 or above

• Salary: Depends on the city that the applicant resides in and/or the criteria that the lending institution has set itself

In order to know how much funding one can get with an instant short-term loan, they can use the personal loan eligibility calculator to get an estimate before applying.

What are the Benefits of a Short-Term Personal Loan

Near-Instant Financing: One can address urgent financial needs such as medical emergencies in a matter of a few hours.

Collateral-Free Finance: One can get a short-term personal loan online without having to offer any personal belongings as collateral.

Quick approval: With Finserv MARKETS, you can apply for a short-term personal loan online and get approval in 2 minutes.

Minimal Documents: Just submit some basic documentation with your form to secure funding swiftly.

Flexible Repayment Terms: Repay your loan conveniently over as long as 5 years.

Myriad of Pre-Approved Loan Offers: Avail pre-approved offers to hasten the application process and access personalised financing.

No Additional Charges: Read the terms and conditions and be assured of 100% transparency in loan fees and charges.

Up to 45% Lower EMIs: Pay up to 45% lower EMIs with the flexi personal loan facility.

With Finserv MARKETS, you can choose from multiple short-term personal loan interest rate offers as per your preference and repay the loan over the flexible tenor. With the hybrid flexi loan option, you can pay personal loan EMI on the interest and ensure that the principal is repaid in due time. An online personal loan can help meet your needs and will put an end to all your financial troubles at the click of a few buttons.