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.