Best Short Term Loan Providers in Delhi NCR
Cashkumar provides you with a range of short term loan and short term finance option in the state of Delhi and surrounding areas like Noida, Gurgaon, Faridabad and Ghaziabad. Short term loan are unsecured personal loans given for a smaller tenure usually between 1 to 12 months. The loan quantum usually is between Rs.10,000 and Rs. 2 lakh depending on the eligibility of the borrower.
These are quick loans with faster processing times so that the borrower can get the money in a shorter period of time. The interest is charged on a monthly basis as a flat rate.
Salaried individuals in Delhi and the NCR region can now avail of short term loans from Cashkumar for a variety of reasons including travel, wedding, medical needs, rental deposits, electronic purchases etc. The loans are powered by the peer to peer lending model where investors with access to ready money fund the requirements of a particular borrower.
This is a crowdfunding model ideal for borrowers who are not being addressed by banks and NBFCs. With a large workforce employed with multiple Indian, multinational and government companies, Delhi along with Noida, Gurgaon has tremendous need for personal credit. Profiles in need who are left out of the financial system who can benefit from short term peer to peer loans include:
- 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 through the peer to peer model are entirely flexible and provide benefits out of the bounds of current offers. The entire transaction is electronic which results in faster processing times while the payment terms include facility for pre-closure without additional fees. A large population in Delhi deprived of credit for any reason or looking to reduce their tenure can avail these benefits. It is ideal for investors in Delhi to sponsor these loans to locally based borrowers.
If you are looking for a 1 month, 6 month or a 12 month loan in Delhi, Noida or Gurgaon, apply for a short term peer to peer loan through Cashkumar. With benefits mentioned above and finding eligibility outside banks and NBFCs, you can find the best offer for your requirement. Fill in the form below and upload your documents and our customer service executive will call you to confirm eligibility.