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Short Term Loan in 

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

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Cashkumar Mumbai


Best Short Term Loan Providers in Mumbai

Short term loans and short term finance is a much required source of credit in Mumbai for its varied salaried professionals. Short term loans are given for a period of 1 month to 12 months to meet needs for small credit including travel, medical needs, lease deposits, marriage, home improvement, electronic purchases etc.

As the commercial capital of India, Mumbai has a vast population working in varied sectors including banking, commerce, government, IT, trading and manufacturing industries. While banks and NBFCs provide unsecured loans for medium term, there is a severe need for short term finance through easy and quick loans.

For loan requirements which are in the Rs. 10,000 to Rs. 2,00,000 range with facility of easy repayment without processing fees, a short term loan is the best option in Mumbai. The loans are typically suitable to profiles and needs where banks or NBFCs do not provide the best options. Cashkumar provides short term credit through the peer to peer lending method where individual investors finance the loan requirements of profiles which 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

A peer to peer or P2P loan is a crowdfunding method where a number of small investors or lenders come together to fund a finance requirement. The loans are charged a monthly flat rate of interest and have the option of early pre-payment without any processing fees. These are perfect for smaller loan amounts and have the facility to obtain rolling credit after successful repayment of the loan. Short term loan seekers in Mumbai can avail the loans with an online intensive process to make the process fast and efficient with quick disbursal times.

To avail a 1 month, 3 month, 6 month, 9 month or 12 month loan along with the ability to pre-pay without processing fees in Mumbai, click on the link below. Our customer service executives will get in touch with you to explain the process and extend the best offer available for your eligibility.

Eligibility Criteria for Short Term Loan in Mumbai

  • 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 Mumbai 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

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Be informed of the different ways your Short Term Loan Rate of Interest in Mumbai 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 Jun 2024

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How we work?

We have greatly simplified your Short Term Loan search in Mumbai 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 Mumbai.

Step 3

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

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 Mumbai?

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