Features and Benefits of Short Term Loan

Getting a short term loan is easy, especially due to its various features and benefits, which can help you have instant cash to repay the credit card bills by saving all the amounts applied on penalties. So, some essential features of short term loan are as follows.

Instant Approval

The short term loan is approved on the same day, especially when you have a higher income, stable financial history and credit score and it is approved in a few minutes.

Easy Repayment

You can easily repay the loan amount after getting your salary, and it is simple to repay, especially with UPI and Internet banking. It helps you save your amount.

Competitive Interest

It is beneficial because the interest applied on the short term loan might be less than your charges applied on the penalties and others. So, the competitive interest saves the amount.

No-Collateral

It’s free from collateral, especially for loan approval because your loan is available as per your credit score score and income which helps you have good deals.

No Hidden Charges

Whatever fees or charges are applied on the personal loan is free from any pre-approval or hidden charges because we have complete transparency in processing fees and interest.

Boost Your CIBIL

Paying loan amounts on time helps you have a good credit score which helps you have a certain financial support in the future and you can get the loan at a lower interest as well.

How to apply for Short Term Loan for Clear Bills

You can apply for a short term loan by following the different steps where you need to go through the website and application form and these are

  • By clicking Apply Now go to the application form.
  • Fill out all the details in the Application form.
  • Upload your required documents, especially PAN and Aadhar.
  • Submit the application form and get approval.
  • Get the loan amount in your account.
  • Use the amount for your credit card bills.

Eligibility Criteria to Apply For Short Term Loan

There are multiple factors that can decide your eligibility for the short term loan for clear bills and for that, your income and credit score must be higher. It also depends on the age, nationality, and type of employment.

Age It must reside between 18 to 65 years old
Income Per month income must be at least 35,000/-
Credit Score Above 700
Documents Required Aadhar Card, PAN, Salary slip, ITR (for self-employed), Bank statement, rent agreement, utility bills, and others.
Types of Employment Anyone associated with a registered or private limited company, government organization, or anyone having a registered business, especially self-employed is eligible for the shopping loan

FAQs About Short Term Loan

Ans. It basically depends on your income, especially on the salary date because, while borrowing for a loan you must think about your salary date, especially when you are going to get the disbursal of your salary.
Ans. Yes, you can but you must think that you are using it for such requirements which are essential and on priority.
Ans. The interest and processing fees applied on personal loans depend on credit score. It might be lower when you have a higher score.
Ans. In general, it is provided for one month where you can choose the repayment date based on your salary date.
Ans. If your credit score and income are good, and the loan amount is lower compared to your salary, it can be approved shortly.

Additional Benefits

Instant approval

Pay your credit bill with the loan which is approved instantly to settle your outstanding payments without delay.

Transparent Terms

All fees are mentioned by the executives and there are no hidden fees. We have transparency.

24/7 Accessibility

You can apply for the short term loan anytime, especially to secure funds for urgent bills.

Quick Disbursal

The loan amount is disbursed shortly without consuming more time and it helps you clear bills on time.

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