Everything You Should Know About Short Term Loan
Many situations in life may force you to arrange an urgent amount of money. But with the option like short term loans like personal loan, there is nothing to worry.
Being short term loans, you can use it for any purposes and repay it faster. If you wish to know more about it, you can go through this post!
What are the short term loans?
Short term loans are available for a small tenure. The facility offers you enough amounts to meet your immediate and other needs. Based on your eligibility, you may get the approval for up to Rs.25 lakh by reputed lenders in India.
For what purposes you can use short term loans?
Short term loans like personal loans come with no restrictions on the usage of the loan money. Most applicants use loan money for purposes, such as:
- Debt consolidation.
- Wedding expenses.
- Vacation expenditures.
- Buying a new or used car.
- Medical emergencies.
- Higher education.
- Home renovations.
What benefits short term loans offer?
- A higher loan amount
Based on your eligibility, you can avail the short term loans for an amount of up to Rs.25 lakh. You can also use the loan eligibility calculator to know an amount that you can get if you apply.
2. Quick approvals
Short term loans are for immediate needs, and lenders don’t take much time to process and approve your application. The approval comes instantly if you are the right candidate.
3. Faster money disbursements
After you have the approval, you can expect the loan money credited into your bank account within 24 hours*.
4. Flexible repayment tenure
You can stretch the loan amount over flexible repayment tenure of up to 60 months. This way, you can pay reduced EMIs and manage your outlays without cash crunches.
With so much in favour of short term loans, you can apply for one on a leading lender’s website and save your time and efforts.
Bajaj Finserv offers pre-approved offers on personal loans, home loans and more. It is to ease off loan processing.
You can check out your pre-approved loan offers today after sharing your basic details such as your name and mobile number.
Must Read: Smart Tips To Avail Short Term Loans
