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Short Term Loan

Short-term loan is just the right type of finance that supports urgent credit needs. From buying a new smart gadget to paying balance debts, a short-term loan can help to maintain a stable financial status. As compared to other loans, a short-term personal loan is taken for a shorter tenure usually for a year. Sudden cash requirements or balancing shortage of funds are primary reasons why borrowers rely on short term loans.

Since, the loan is taken for a shorter period, the EMI incurred is quite affordable and easy to repay. This makes a short-term loan much more viable than a long-term loan. You can apply for a short-term loan through various financial institutions via their credit websites, instant loan apps, customer care assistance or personally visiting the branch.

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Short Term Loan
Short Term Loan Online

Short Term Loan

Why Simply Cash for Short Term Loan?

SimplyCash is an instant personal loan app powered by HeroFinCorp. It is specifically designed to provide instant short-term loans between Rs.50,000 to 1,50,000. The amount is easily available within minutes of approval. The procedure for availing of instant short-term finance involves paperless documentation and real-time verification. Once verified and approved, disbursal is done within 24 hours.

SimplyCash personal loan app is a complete digitized instant loan platform. You can manage your loan account online and check important details like interest rate, EMIs, and repayment tenure from anywhere at the tip of your finger. So, take a risk-free short-term loan via SimplyCash and pay at your convenience in a flexible tenure of 6 months to 2 years.

Use the in-built EMI calculator tool in the SimplyCash app to get the desired EMI on short-term loans, based on the loan amount, interest, and tenure.

SimplyCash instant personal loan is a short-term loan online that borrowers can use for any urgent purpose. It is not limited to meet a single purpose and can be flexibly used to fix various urgent financial needs. Whether it is paying a house rent, booking an unplanned journey, paying education fees, handling repairs, etc. On the commercial front also, a short-term loan is valuable especially for small and medium-sized businesses or start-ups.

Features and Benefits of Short Term Loan

Acquiring a short-term loan is the easiest way to deal with a financial crisis. Borrowers are not at risk as the borrowed amount is not huge and can be repaid gradually in EMIs. The instant loan apps have made it simpler to get short-term loans online from the convenience of your comfort zone. Whether home, office, or anywhere else, you can simply download the personal loan app and start the short-term loan application online. Know the benefits and features of availing short-term loans via instant loan apps like Simply Cash:

Short Term Loan Tenure

Lesser loan tenure

A short-term loan is generally taken for up to 2 years and doesn’t linger for years giving a burden of repayment.

Short Term Loan Amount

Loan Amount

Short term loan amount varies between Rs.15,000 to 1.5 lakhs, depending upon the loan provider. This is easy to repay when broken down into EMIs.

Instant Loan Approval

Loan Approval

The time taken for a short term loan is quick with minimal documentation whereas a long term loan with a higher amount requires more verification of the borrower’s creditworthiness and assets.

Open for all Borrowers

Open for All Borrowers

Short term loan is available even to those borrowers having low credit scores.

Collateral Free

Collateral Free

Being an unsecured loan, no security or assets are required to be mortgaged against the loan.

Short Term Loan Documents

Paperless Documentation

Short-term loans online have eliminated the need of submitting physical documents. Thanks to the instant loan apps, KYC details, and income proofs are verified online

Transparency

Transparency

Instant short-term loans are not bounded by any hidden charges or high processing fees. Transparency in loan processing increases the trust on the financer for future loan consideration

EMI Calculator

Calculate EMIs

Instant loan apps enable borrowers to calculate EMIs in advance using the EMI calculator. This gives clarity on the easy management of short-term loan loans.

Short Term Loan Eligibility and Required Documents

The advantage of short-term loans online is its hassle-free eligibility criteria and minimal documents. Due to fewer formalities, short-term loans are easily available online. Know the eligibility criteria and mandatory documents required for instant approval of short-term loans:

  • Whether the loan is for 50,000 or 1,50,000, borrowers should check the eligibility criteria before applying for short term loans. It is to ensure there are no cases of fraud:
  • 1

    Age criteria: Applicant should be between 21-58 years

  • 2

    Minimum monthly income for salaried: Applicant should at least earn a minimum amount of Rs.15,000 monthly

  • 3

    Minimum monthly income for self-employed: Minimum earning should be Rs.15,000 monthly and six months bank statement is compulsory

  • 4

    Income proof: 6 months bank statement of salaried or personal account

  • The online hassle-free documentation reduces the stress of physical loan application. Submission of mandatory documents or details for an instant short-term loan up to 1.5 lakh requires:
  • 5

    Aadhaar card is the first document when applying for short term loan

  • 6

    In the absence of Aadhar card, you can provide your Pan card/ driving license

  • 7

    Other important documents include your professional and financial details inclusive of 6 months bank account statement

  • 8

    Your account should be in any of the accepted banks as suggested by the financial institution

How to Apply for Short Term Loan

Simply Cash personal loan app is loaded with multiple features for instant loan on a short-term basis. The process of loan application is very easy, follow the steps below:

Instant Short Term Loan
  • Install Simply Cash Instant loan app from Google Play Store

  • Register with basic details – mobile number and, email address

  • Set the desired EMI using the loan EMI calculator

  • Paperless verification of KYC details using a security code

  • Bank account verification through net banking; the credentials are never stored

  • Instant loan approved in minutes and transferred to the bank account

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Accepted Banks:

ICICI BANK LTD HDFC BANK LTD IDBI BANK STATE BANK OF INDIA PUNJAB NATIONAL BANK YES BANK INDUSIND BANK KOTAK MAHINDRA BANK LTD

IDFC FIRST BANK LTD AXIS BANK BANK OF BARODA TAMILNAD MERCANTILE BANK LTD INDIAN OVERSEAS BANK INDIAN BANK RBL BANK LTD DEUTSCHE BANK AG CITY UNION BANK LTD FEDERAL BANK SOUTH INDIAN BANK STANDARD CHARTERED BANK CANARA BANK KARNATAKA BANK LTD CITI BANK BANDHAN BANK UNION BANK OF INDIA DCB BANK LTD DBS BANK INDIA LTD THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD DEUTSCHE BANK UCO BANK

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Safe & Secure

SimplyCash is managed and operated by Hero FinCorp Limited, and it follows high data and system security standards.

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