Cashkumar Loans App is live! Get it on Google Play

Short Term Loan in 

Easy Short Term Loan Interest Rate offers in Chennai from 1.5% flat per month onwards for the month of Apr 2024

Apply for Short Term Loan
in Chennai
Cashkumar Chennai


Best Short Term Loan Providers in Chennai

Chennai as the capital of Tamil Nadu and one of the 4 metro cities in India is home to a large workforce of salaried professionals. With industries as varied as IT to manufacturing and an extensive governmental apparatus, salaried professionals in these companies have varied needs for personal loans. People require credit to meet needs to travel, pay deposits, purchase electronics, receive medical treatment, pay marriage expenses etc.

Short term loans with amounts ranging from Rs. 10,000 to Rs. 2,00,000 are the perfect solution for meeting these needs. Short term loans or short term finance are quick loans with fast processing times due to processes conducted online. They are given for a duration of 1 month to 12 months with the facility to pre-close the loan with zero processing fees at any time during the tenure.

Short term credit is ideal for people who are looking for smaller amounts not normally advanced by banks. They are also perfect for people who want to pre-close loans with no excess charge. There are also a large amount of people in Chennai who are not serviced by financial institutions like banks and NBFCs. These types of profiles include people with:

  • 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 loans in Chennai are arranged by Cashkuar using the peer to peer lending model. P2P lending is a source of crowdsourcing loans where investors with excess money band together to fund a borrower. The loans are given for a short duration and the interest is charged as a flat rate on a monthly basis.

So if you are hunting for 1 month, 3 month, 6 month or 12 month loans in the city of Chennai, click on the link below to apply for a short term peer to peer loan. The bets offer as per your eligibility will be calculated and processed upon acceptance by our executives. With advantages like zero pre-closure and faster processing times, this is the best option for your needs of short term credit.

Eligibility Criteria for Short Term Loan in Chennai

  • Age of the applicant should be between 21-60 Years
  • Salaried individual with minimum income of Rs 20,000. Salary bracket would again depend on the city you live in and the company you work for. Eg. If you are in a Metro the salary requirement will be higher than non-metro and again if you are working in a top MNC the salary requirement would be lesser than one working with a startup.
  • Should be staying in the city for at least 1 Year
  • Total work experience should be at least 2 Years
  • You would require basic documentation such as your address proof, identity proof, latest bank statements etc

Documents Required for Chennai Short Term Loan

  • Three passport size photographs
  • ID proof – Passport/voter ID/ Aadhar or drivers licence
  • Residence Proof – Passport/ Landline bill/ post paid mobile bill/ rental agreement or Bank Statement
  • Pan Card copy
  • Age Proof – Passport/ drivers licence/school certificate or Pan Card copy
  • Income Proof - Latest 3 months salary slips
  • Banking Statement - 6 months bank statements
  • Job Stability & Continuity – Offer Letter, Relieving Letter and Form 16

Find the lowest rates online for your short term loan in Chennai

Get Short Term Loan Offers in Chennai

Want to know your Short Term Loan Interest Rates?

Be informed of the different ways your Short Term Loan Rate of Interest in Chennai is calculated so that you take the right decision when it comes to choosing your loan at the lowest interest rates. Apply below to get started and to know the offers that are available on your Short Term Loan in Apr 2024

Find out your customized interest rate for a Short Term Loan in Chennai?

Get Short Term Loan Quote in Chennai

How we work?

We have greatly simplified your Short Term Loan search in Chennai and will help you get it in four simple steps,

Step 1

Start your Short Term Loan search by using our simple natural language form. Trust us, it takes only 37 seconds to complete!

Step 2

Your information is then passed through our proprietary eligibility algorithm
to tell you your eligibility and the rate of interest for your profile in Chennai.

Step 3

After that your loan requirement will be showcased to the various quick loan providers in Chennai.

Step 4

You will be able to track the different lenders on your Cashkumar Account and your loan amount should reach your bank account successfully in a few days.

Are you ready to find the lowest interest rates available for your Short Term Credit in Chennai?

Yes! Get me a Quick Short Term Loan