Best Short Term Loan Providers in Pune
Pune is one of the largest cities in the western India state of Maharashtra and a rising destination for the IT and manufacturing sectors. The city contains offices of all the major IT and ITES companies including TCS, Cognizant, Wipro, Infosys, IBM and others which attract young employees from all over India. Given the abundance of a young workforce in the city, there is no small need for short term loans or short term finance. Residents of Pune feel the need to get loans ranging from Rs. 10,000 to Rs. 2,00,000 to meet a variety of needs including travel, rental deposits, wedding/marriage, medical needs, renovation, goods purchases etc.
Short term loans are usually quick loans extended for a period of 1 to 12 months with various facilities that are favourable to the borrower. They differ from personal loans extended by banks and NBFCs in being smaller in size and for a shorter timeframe. These are fast loans with quick approvals given and most processes implemented online for immediate disbursal.
The short term loans at Cashkumar are given through the peer to peer lending method where investors with spare money agree to fund the requirements of borrowers requiring credit. Borrowers get the facility to pre-close the loans at their discretion providing a route to get out of debt quickly.
Short term private loans are the perfect debt instrument for people in Pune seeking smaller loans and a way to access rolling credit. The loans can be topped up on successful completion of EMI payments. The rate of interest is flat and charged on a monthly basis. Situations and profiles which can benefit from short term loans through the P2P method include:
- Inability to get a loan from a bank as the amount is small
- Loan not processed by a bank/financial institutions due to lesser salary
- Working in an unlisted company with Banks or NBFCs
- To avoid foreclosure charges while quicker repayment of loan
- Low CIBIL Score or No Credit History Problems
If you are looking for short term loans with tenures ranging from 1 month, 3 months, 6 months to 9 months and 12 months then apply here with your details. We will connect with you with the best offer in Pune along with facilities like rolling credit, 0% pre-closure, faster processing times and quick disbursals.