Express Loan

Short Term Cash Loan


Major benefits & Key features of Short Term Loan

Short term loans are loans which are essentially provided for a short tenure of less than one year. These are usually one-time loans and can come in useful in case you are not able to obtain credit from a bank for a longer tenure loan. In case of these loans, the interest is usually payable on the principal advance amount and repayment tenures are shorter as compared to other types of loans. These loans are also made available to customers and businesses.

Benefits of taking a short-term loan

  • • Short-term loans are usually disbursed quite quickly.
  • • Short-term loans can be availed by salaried individuals, self-employed individuals, and businesses, based on the lender’s terms and conditions.
  • • Most lenders who offer short-term loans allow applicants to submit the required documents through online channels, thus making the transaction completely paperless.
  • • The EMI repayment plans are set taking into consideration the repayment capacity of each borrower.
  • • Short-term loans are customisable since borrowers can opt for a loan amount of their choice for a tenure as per their requirements, provided it doesn’t exceed a tenure of 1 year.