Finance

When Should You Use a Short-Term Loan?

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We all come across various scenarios in life regularly where we need that extra money to fulfill the demanding needs. The option of borrowing from your friends and family is always an option and you can repay them without interest rates but involving your people in money matter is not a good idea.

In such a situation, you get a short-term loan. Short-term loan is a type of personal loan which can be taken via lenders for a shorter period. There are many lenders in the market which provides its user short term loans with minimal documentation. If you are running short of time, apps like CASHe is your savior. CASHe lets you apply for a loan from anywhere in the country. All you need is a working wifi connection and a smart phone. The entire application process of short-term loan can be completed via the app. The documents can be uploaded online, and the approval process is quicker compared to traditional loans. Plus, you don’t have to visit any bank or branch for verification. It can be done via the app itself.

One can get a personal loan for shorter during for multiple reasons. It can be any emergency like medical crisis, urgent house repairs, travelling back to your home town etc. Short term loan can also be used for planned events. If you are planning to take a vacation or want to buy a new asset, you can apply for a personal loan. People take personal loans for weddings, debt consolidation, for further studies and so on.

CASHe App offers personal loan starting from Rs. 10,000 to Rs. 2 lakhs. You can choose the amount based on your credit availability and your requirement. The duration of the loan ranges from 15, 30, 90 and 180 days. You can avail a loan if you are a salaried employee and fall between 23 years to 58 years old. CASHe gives the data security and customer privacy the top priority. CASHe has given worth Rs.1200 crore to over 2.5 lakhs customer since it has been launched.

The best part about the personal loan app is the speed. The functioning of the app is not only user-friendly but it’s quick. One can get the loan amount of the same of application. Yes, once your documents are verified, the loan gets approved quickly. The amount is then disbursed into your personal savings account with couple of minutes or hours.

So, in a nutshell, you can get a short-term personal loan for various reasons as long as you have the documents required by the app. The basic documents which you need to submit are your identity proof, address proof and your income proof. If you stay on rent,you can submit your utility bills.

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