Short Term Loans India

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Short Term Loans

• LenDenClub

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What is Short Term Loan?
Loans are classified as short term loan when the
tenure of repayment of the principal amount is
less than a year. An immediate crisis like a
medical situation or an urgent capital need for
your business triggers this type of a loan. Short
term loans one can avail from P2P Platform with
very low interest rates.
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How to avail short term loans from LenDenClub?
Getting a short term loan at LenDenClub is
everyones cup of tea! Just follow the simple
steps mentioned below to avail a short term loan
from LenDenClub
1. Registration
Every individual looking to borrow money online
for a short time period must register themselves
as a borrower on a peer to peer lending platform
like LenDenClub. A few personal, professional and
financial details are needed for this.
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How to avail short term loans from LenDenClub?
2. Short term loan requirements
Once registered, a borrower can apply for a short
term loan by entering his/her loan requirements
i.e. loan amount and tenure. As soon as the
application is accepted, the borrower is informed
of the sanctioned loan amount, tenure and the
rate of interest all of which are depended on
his/her credit history and other details.
3. Tracking the funding status
Once a borrower has been listed on
the peer-to-peer lending companys platform, they
can check the status of their short term loan
sanction and will also be notified via email.
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How to avail short term loans from LenDenClub?
4. Documentation
P2P lending platforms avoid unnecessary physical
documentation procedures as much as possible.
Only when the funds are sanctioned the
documentation procedure begins which only
contains some necessary forms. These are then
franked and the agreement and the post-dated
cheque is submitted. This is unlike the banks and
other NBFCs wherein all the documents are
collected well in advance in spite of the
uncertainty behind the sanctioning of the loan.
5. Disbursement
After the agreement is signed, the promised
amount is disbursed to the borrower from the
lenders account and a soft copy of the agreement
is sent out to both the parties.
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Thank You!
If you are in need of short term personal loans
online, then getting loans from peer to peer
lending platform would be the great idea.
For more details visit us at
https//www.lendenclub.com/personal-loan/short-ter
m-loan