Short term loans can be taken to serve immediate needs like funding a vacation or buying a new gadget. Such loans can range anywhere from 3 months to 5 years and if you plan them properly, they won’t be a huge burden for you.
You can opt for short term personal loans through Moneyview to avoid the slow and complex processes of traditional financers like banks. With Moneyview, you get the loan amount deposited to your bank account within a few minutes to hours.
Attractive Loan Amount
Get loans from Rs.5,000 to Rs.10 Lakh based on your eligibility
Collateral Free Loans
You can get a personal loan through Moneyview without having to vow any asset or arrange for a guarantor
Fast Disbursal
The loan amount is disbursed to your bank account within 24 hours of approval
Affordable Interest Rates
Interest rates starting from just 14% per annum
The eligibility criteria for instant short term loans vary depending on the lender you choose. If you want to apply for a short term personal loan through Moneyview, here are the eligibility criteria -
The borrower should be between 21 and 57 years of age
They must earn a minimum of ₹25,000 or more monthly
Income must be credited directly to their bank account
They must have a minimum CIBIL score of 650
Just like the eligibility criteria, the documentation requirement of short term loans will depend on the terms and conditions of the lender. But at Moneyview, the documentation required is minimal. All you will have to do is -
Your PAN number
Your mobile number will have to be linked to your Aadhaar card for KYC verification
You must also enable the auto-debit facility on your bank account in order to permit automatic withdrawals from your account. Use a debit card, net banking, or a NACH form to finish this quick procedure.
The auto-debit facility will enable you to pay your EMIs automatically each month, eliminating the need for manual intervention.
Our lending partners provide some of the market's most fair and affordable interest rates. The fees for personal loans are -
|
Fees and Charges |
Amount Chargeable |
|---|---|
|
Interest Rate |
Starting from 14% per annum |
|
Loan Processing Charges |
Starting from 2% of the approved loan amount |
|
Penal Charges on Overdue EMI |
24% per annum plus applicable taxes, if any |
|
NACH Bounce |
₹500/- each time |
Loan Amount
Min ₹10
Max ₹25,000
Rate of Interest
Min 5%
Max 25%
Loan Tenure
Min 3 months
Max 72 months
1
Assess Your Eligibility
Quickly check if you are eligible on the Moneyview platform in only 2 minutes!
2
Pick Your Repayment Duration
Select the desired loan sum and repayment period from the options provided.
3
Share Your Documents Online
Share only essential documents for profile verification, easily uploading them digitally.
4
Funds Disbursed
Once your application is validated and the loan agreement finalized, funds will be transferred to your bank within 24 hours!
Need Quick Cash?
In summary, Moneyview is your best option when it comes to short-term loans in India. At Moneyview, the short term loan period can range from 3 months to 5 years. Our loan process is designed such that you can get the intended loan amount within the shortest possible time.
Even though it is not possible for you to get a short term loan without CIBIL, you can get loans from Moneyview with even low credit scores. You just need a CIBIL score of 650 to get an instant short term loan through Moneyview.
All you need to do is visit the Moneyview website or download the loan app and apply today.
You can use Moneyview short term personal loans for a number of purposes such as -
To fund a wedding
For home-repairs
To fund a business venture
Medical expenses
Education purposes
For vacation
To pay off credit card bills or build credit score
To buy the latest gadget
For a loan down payment
Since short-term loans are taken for a shorter duration, its main disadvantages are:
Rate of Interest: Since these loans have a shorter repayment period, they have the highest rate of interest as compared to other loans. The rate of interest varies between different money lenders, who take into account different factors before arriving at the rate of interest.
Loan EMI Calculators
Personal Loan Types and Comparisons
CIBIL Score Check and Boost Guide
Loan EMI Calculators
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Disclaimer
The starting interest rate depends on factors such as credit history, financial obligations, specific lender's criteria and Terms and conditions. Moneyview is a digital lending platform; all loans are evaluated and disbursed by our lending partners, who are registered as Non-Banking Financial Companies or Banks with the Reserve Bank of India.
This article is for informational purposes only and does not constitute financial or legal advice. Always consult with your financial advisor for specific guidance.
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