Short term personal loan

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Short term personal loan

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Usually, it becomes difficult for an individual to meet his small financial needs for vacation, weddings, buying second-hand 2 wheelers, or any other needs. Borrowing money from friends and relatives has a bad record because ultimately it damages the relations. On the other hand, to fulfill small financial needs you can’t go for a heavy liability of personal loans. Therefore, the only option left with you is to apply for the Short Term Personal Loan. The name says it all, a loan taken for a period of less than 1 year is a short-term loan. The borrowed amount is also nominal and the repayment period is also quick. – PowerPoint PPT presentation

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Title: Short term personal loan


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Short Term Personal Loan Apply Online 2022
Short Term Personal Loan Apply Online 2022
  • It, becomes hard for an individual to meet
    his/her small financial need for vacation, buying
    second hand 2 wheelers, wedding, or other needs,
    Borrowing money from relatives and friends has a
    bad record because ultimately it damages the
    relations. On the other hand, to fulfill small
    financial needs for which you cant go for a
    heavy liability of personal loan.Therefore, the
    only option left with the individual is to apply
    for the short term personal loan.The name says it
    all, a loan taken for a period of less than 1
    year is a short-term loan. The borrowed amount is
    also nominal and the repayment period is also
    quick.

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Short Term Personal Loan Eligibility Criteria
The eligibility criteria for taking a loan for
the short term. If you arent eligible then you
cannot borrow short term loans. Therefore, you
must go through the eligibility criteria that you
will have to fulfill before you apply for
short-term personal loans.
Minimum age group is 21 years old.
Salaried and Self Employed individuals can get a
short term loan but it differs from applicants to
applicants.
Your income should be more than INR 12000 per
month.
CIBIL score should be of 600 and above.
The applicant must know how to use the
application on the mobile phone.
Documents Required for Short Term Personal Loan
Here are the most important documents you will
have to upload to get the loan-
Aadhaar Card
PAN Card
Salary Slips
Photograph
Bank Statement or ITR (if asked)
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