Short Term Loans: Interest Rates and Tenure
Get quick short term loans, starting from 10, 000 to 1 lac at the interest rate as low as 0.1 to 1% per day for up to 90 days or less. Enjoy instant loans by availing quick approval at lowest possible interest rates.
To be honest, the interest rate of Short Term Loans varies from one lender to the other widely. So, it is generally difficult to estimate a common rate of interest. Also, if we compare long term loans to the short term loans, the later have higher interest rates as it lets you enjoy the loan amount during emergency situations. However, if we roughly estimate, it would range amid 0.1 to 1% per day. But, it might vary as well.
Short term loans and advances
There are various benefits to offer, and so we have decided to mention Short term loans and advances below. You can take a look at them:
At Rupee Station, we offer several types of personal loans. Such as:
Short term loans online with low credit history
As we have mentioned earlier, compared to long term loans, short term loans or payday loans can be availed even if the borrower has a bad, low or poor credit rating history. So, it is obvious that your credit history doesn’t matter the most, especially if you are availing fast cash loans from Rupee Station.
Short Term Loan eligibility criteria
You can easily avail Short term loans in Bangalore or from any other Indian cities easily as the eligibility criteria is quite minimalistic for the same. All you need to have a salary or income proof, and submission of a few other documents. After you are done with the same, you are eligible to get short term loans online in India from top banks of India or NBFCs.
Short Term Financing: The EMI Calculator
Another important aspect is the EMI Calculator. You can use this tool to calculate the monthly equated installment that you are supposed to repay, based on the total amount of loan that you have taken and the tenure. We have the EMI Calculator tool for you to use and calculate the equated monthly installment for the short term loans.
How to apply for short term financing online?
To apply for short term loans, it is important for you to follow the given steps:
Why opt for Rupee Station to get Short Term Loans in India?
Despite the fact that most of the top financial institutions in India offer long-term loans, there are a few who are trying to break this stereotype with their experimentation to offer short term loans to the borrowers. We, at Rupee Station, decided to bring all of those short term loan providers, be it banks or NBFCs, under one roof for you. By taking our help, you can apply at multiple financial institutions at once so that you can pick and choose the best one for yourself. We have several exclusive benefits to offer you, and they are:
Get instant approval within two minutes, and the amount will be disbursed to your account in just 2 working days.
If you apply for Short Term Loans with us, it is a guaranteed fact that you will enjoy the lowest interest rate. In fact, no hidden costs will be charged to you, which is unmatchable.
Rupee Station promises you with the option to customize loans, be it the tenure or the loan amount. Also, the paperless documentation process makes it easier for the borrower to apply for the loans.
About Short Term Loan:
With enhanced level of flexibility to repay the loan, Short Term Loans are required for emergency situation. As the name suggested, its tenure is shorter, and can be repaid within 90 days. Earlier, it was quite difficult to get Short Term Loans from top banks of India. But, with the increasing need, both Banks and NBFCs are now offering these types of loans to the borrowers to help them meet emergency situations. It is also popularly referred to as the payday loans or fast cash loans.
Documents Required for Payday or Short Term Loans
Short Term Loans Online Interest Rates