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short term loan

Short Term Loan

An urgent financial crunch can crop up at any time for anyone. During such emergencies, one has the option of dipping into their savings and compromising on regular expenses. At times like these, a short-term loan can help, without upsetting your regular expenses or savings. Loans can either be short-duration loans or long-term loans. When the tenure of the loan ranges between 6-18 months, they are classified as a short-term loan.

Borrowers can use funds from a short-term personal loan for a multitude of requirements. Reasons for availing an instant short-term loan can be a medical emergency, planning a wedding, education or travel. It can aid in solving any financial shortfall that the borrower may face.

Borrowers can apply for short-term loans online through Finnable for their personal needs. The process is quick and easy and they can avail up to Rs 10 lakhs as a short-term personal loan.

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Short Term Loan features

5979 people have applied for loan in the last 24 hours
5/5
5000 people have rated this loan as the best product

Get Rewards

Timely EMI payments makes you eligible for a cashback of upto Rs. 200 per month. At Finnable we are the first in the industry to reward you to pay on time and improve your credit score.

Get loans quickly

Apply for a personal loan in a few clicks by submitting only a few basic documents and get the loan money transferred in your account as quickly as 2 hours. The entire process is 100% digital.

High Loan Amount

Apply for personal loans with minimum documentation and get high loan amounts of upto Rs.10 Lakhs. The loan tenure can be anywhere between 60 months.

Personal loan Assistant

Please write to your personal loan assistant at makeiteasy@finnable.com for any support. We aim to provide you a seamless and hassle-free experience.

Get Rewards

Timely EMI payments makes you eligible for a cashback of upto Rs. 200 per month. At Finnable we are the first in the industry to reward you to pay on time and improve your credit score.

Get loans quickly

Apply for a personal loan in a few clicks by submitting only a few basic documents and get the loan money transferred in your account as quickly as 2 hours. The entire process is 100% digital.

High Loan Amount

Apply for personal loan with minimum documentation and get high loan amounts of upto Rs.10 Lakhs. The loan tenure can be anywhere between 6 and 60 months.

Personal loan Assistant

Please write to your personal loan assistant at makeiteasy@finnable.com for any support. We aim to provide you a seamless and hassle-free experience.
5979 people have applied for loan in the last 24 hours
5/5
Over 5000 customers have rated us 5 stars in Play store

Personal loans can be used for multiple purposes- to fulfil your desires or meet urgent financial needs. This is why we bring you a range of products to suit your needs and desires.

Learn with Finnable

Short Term Loan FAQs

You can apply for an instant short-term loan online through Finnable’s app or website. All you need to do is create your profile, fill in the required details, upload the documents required, enter your loan amount and submit your application. If everything is in order, you can get a short-term loan within just 6 hours of submitting your application.

Anyone who is facing a financial crunch and can repay a loan within 12-18 months can apply for a short-term loan.

The advantages of short-term loans include quick disbursal when you require funds immediately, flexible tenure, and does not require a credit score at the time of application.

Finnable provides short-term personal loans of up to Rs 10 lakhs.

Borrowers can apply for instant short-term loans online. Once they are eligible for the short-term loan, the following documentation needs to be uploaded: 

  • Identity proof in the form of a PAN card or Aadhar card
  • Address proof in the form of an Aadhar card
  • Salary slips for 1 months from the current organisation
  • Bank statement of the salary account. The borrower must submit this in physical form or online, or be able to access it through net banking.

Before proceeding with the short-term loan application, the applicant has to meet the following eligibility criteria: 

  • At the time of applying for a short-term loan, the applicant needs to be working in a private, public, or LLP organization. 
  • Total work experience should be more than 6 months while being employed in the current organisation for more than 3 months. 
  • Present salary should be more than Rs 25,000.
  • The salary should be credited to a bank account.

Short-term loans and advances can have a repayment tenure of 6-18 months.

Interest rates on short-term loans are similar to other personal unsecured loans. At Finnable, we provide the best short-term personal loans at attractive interest rates. Our short-term loan interest rates start from 16%-26%. 

Though Finnable does not mandatorily ask for a credit score, borrowers can avail a higher amount with a short-term personal loan at lower interest rates if they have a high credit score

Short-term loans and advances work exactly like other unsecured personal loans. To be eligible for an instant short-term loan, you will need to be employed in a public or private company for at least 3 months, having a minimum salary of Rs 25,000. You will need to upload your PAN card, Aadhar card, salary slip, and bank statement at the time of application.

One can apply for Short-term loan in 4 simple steps: 

Step 1: Visit Finnable’s website or download the Finnable Personal Loan app.

Step 2: Register yourself and create your profile by entering the required personal as well as professional details.

Step 3: Choose a personal loan for women and enter the amount required.

Step 4: Upload your documents and you will receive the funds for your loan after 6 hours of approval.