In the time of online businesses and digital payments, it is important for businesses and professionals to have a source of quick credit with minimal paperwork and quick disbursement. Read this article to know the top such credit sources for Short Term loan needs in India
A short term loan is a great source of financing to fulfil immediate personal or business requirements. Nowadays, with the introduction of digitization in the banking and finance sector, availing a short-term loan has become a quick and hassle-free process. Borrowers can apply for a short term loan using mobile applications. Easy availability, minimal documentation, instant approval and quick disbursal of the loan amount, and the convenience of viewing your loan status are some of the advantages of availing of short term loans with the help of a mobile app. However, since several lending institutions have come up with mobile apps offering financial services, choosing the right one to avail of a short term loan can often be troublesome. Thus, to help you make the right choice, we are going to have a quick look at some of the best apps that you could rely on for your financial needs.
IDFC First Loans
You can apply for a wide range of credit products such as business loans, personal loans, loan against property, consumer durable loans and two-wheeler loans with the help of IDFC First.
The app is easy to use and comes with a host of features such as online EMI calculator, loan application tracker, etc.
Apart from applying for instant loans, IDFC First also allows you to raise a service request and make online payment of your EMIs.
Credy- Fast online Instant Personal Loan App
Credy is an app that offers quick and hassle-free personal loans. Instant personal loans can be of great help in meeting immediate financial requirements such as managing medical expenses, paying for children's education, wedding expenses, etc.
With the help of Credy, you can apply for a personal loan within few minutes. Moreover, you can also customize your personal loan to best suit your needs.
Personal loans can be availed at a competitive interest rate without pledging any collateral. Great customer service is yet another key feature offered by the Credy app.
CASHe
CASHe is one of the most popular digital lending companies in the country. It provides short term loans to young millennials based on their merit and earning potential.
Attractive interest rates, flexible repayment methods, and simple eligibility criteria are some of the key features offered by CASHe.
The process of availing the loan is completely digitized and you can avail a loan amount of as little as Rs 9,000.
Smartcoin
SmartCoin allows you to borrow a loan amount from Rs. 1,000 to Rs. 25,000, with a tenure ranging from 91 days to 120 days
The loan application process can be completed within a few minutes and the loan amount is credited to your bank account within a span of 2 business days.
In order to be eligible for the personal loan from Smartcoin, applicants must be above 23 years of age, with a monthly income of above Rs. 15,000.
Finserv MARKETS App
Finserv MARKETS app is a one-stop destination for all your financial needs. Be it loans or insurance, the Finserv MARKETS app can help you avail of the right product for your requirements. Moreover, you can also scroll through various investment options and choose the right one for yourself.
You can apply for any kind of loan instantly and also track your loan application and purchase history in a hassle-free manner.
The app also has a Chatbot - YARA, for addressing all your payment and account related queries.
Understanding the features of all these apps will help you choose the right app while availing a short-term loan. So what are you waiting for? Avail a short-term loan and fulfil your financial needs with ease.
