One of India's leading platform, Lendbox recently launched short term loans as a product. Unlike instant loans, short term loan amount and duration are restrictred. Users can avail loan from 25,000 to 1,00,000 for maximum tenure of 12 months.
Benefits of short term personal loan,
1. Instant approval 2. Same day loan disbursement 3. Higher approval rate 4. Automated Easy Monthly Installments
You can get a short term loan for multiple purposes, be it your next smartphone purchase, apartment rent, medical bill, credit card bill. A short term loan can help you manage your sudden cash needs without disrupting your financial stabily.
Before applying for small loan, you need to make sure you're eligible for the application. Here's the criteria you need to meet to apply for a short term loan: 1. Resident of any metro-polian city in India 2. Minimum monthly income of Rs.20,000 3. Good credit history 4. Age above 21 5. A stable job / business
In order to apply for a loan, you'll need the following documents ready to upload for an instant approval.
1. One photograph 2. PAN Card 3. Aadhar Card 4. Valid Address Proof 5. 6 Months Bank statements and 3 month salary slips.
If you have all the required info, you can apply for loan right now.
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