Best Short Term Loan Providers in Bangalore
Short term loans are an important part of the lending sector which benefit a whole percentage of the population which are deprived of credit. They help serve a specific need and a particular category of customers who are in great need of credit. Short term loans or short term finance is a type of loan given for a period of between 1 and 12 months. These are quick loans with smaller amounts with a facility for quick repayment by having a zero foreclosure clause. Such loans help both the borrower and lender by giving the loan seeker facility to get small amounts with instant approval while providing the lender with higher interest and quick recovery.
Bangalore as the capital of Karnataka and the silicon valley of India is home to a variety of professionals and business owners. The city is home to many IT professionals as well as employees of all hues. Being in a bustling metropolis like Bangalore entails a lot of small but critical expenses. Bangaloreans feel the need for credit with fast repayment in scenarios like rent/lease deposits, credit card repayment, small purchases, holidays, travel, dental or medical treatment etc. The need here is small but loan seekers also want to repay the amount quickly to become debt free.
Short term loans from Cashkumar are tailor-made and customized towards such needs of salaried professionals in the city. The loans are geared towards the needs of salaried customers especially in these scenarios:
- Inability to get a loan from a bank as the amount is small
- Loan declined by a bank due to lesser salary
- Loan not granted by banks as company is unlisted
- Need to repay loan quickly without foreclosure charge
- Inability to get a loan because of zero or low cibil score or credit score
Short term finance from Cashkumar is available in the range of Rs. 10,000 to Rs. 2,00,000 with tenures ranging from 1 month to 12 months. The process is to quick loan approval with facility for instant credit of the amount. This is an online loan with a majority of the processes including credit and debit of EMIs done through a web interface. The interest is charged on a monthly basis as a flat rate along with a processing fees. There is a small charge for registration and the borrower is provided with a credit report even in the case of a decline along with reasons for it and free counselling on improving profile.
Short term loans in Bangalore from Cashkumar are provided with peer to peer lending as the source of funds. P2P loans are a method of crowdfunding or individual to individual finance where normal people having excess money can lend to people in need of it at a rate of interest. Short term peer to peer loans is a new initiative which helps people ignored by financial institutions to obtain a source of funds. It provides confidence to investors or lenders as the very nature of short term finance helps them recover their money quickly instead of waiting for years.
If you are looking for short term loans in Bangalore then place your request by clicking on the link below or call us on our numbers. The process is quick and you can avail a 1 month loan, 3 month loan, 6 month loan or a 12 month loan instantly.