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short term personal loan

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 canu2019t 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.

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short term personal loan

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  1. 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 can’t 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.

  2. Short Term Personal Loan Eligibility Criteria The eligibility criteria for taking a loan for the short term. If you aren’t 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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