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10 Lacs+

Customers Served

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4.7/5

Google Reviews

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10,000+

Pincodes Serving

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2000 Cr+

Loans Disbursed

Short term personal loans are flexible in nature and come with small loan tenure usually for up to 12 months. These loans come handy when you are in immediate need of funds but facing issues receiving long term loans. With short term personal loans, the borrower is liable to pay the interest on principal advance amount. In addition, the loan repayment tenure is also shorter. One can avail a low-interest rate personal loan by comparing different lenders on the online portals of LoansJagat. We provides you with a comparison between various personal loan providers on account of terms and conditions and interest rate, loan amount and tenure to help you choose the best loan. Short term personal loans can be used for taking care of financial emergencies like a vacation, education, home improvement, wedding, business needs, medical head, or for meeting out any personal needs. The borrower is not answerable to the lender on how the money borrowed will be eventually utilized.

Short Term Personal Loan Highlights

Interest Rate9.99%* p.a. onwards
Tenure12 – 72 months
Loan Amountup to ₹50 lakh
Loan Processing FeesUp to 3% plus applicable taxes
Hidden ChargesNA
Stamp DutyAt actuals (as per state)
Prepayment / Foreclosure ChargesBank specific

Eligibility Criteria for Short Term Personal Loan

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Monthly Income: At least ₹30,000 per month

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Employment Type: Salaried Individual

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Credit Score: Minimum 700

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Work Experience: At least 1 year

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Age: 21 to 55 years

Personal Loan EMI Calculator

One Lakh

Min ₹100000Max ₹99 L
%
Min 9.99%Max 30%
Min 1 yearMax 7 years
Apply Now
Principal Amount1,00,000
Total Interest10,737
Total Amount1,10,737
Monthly EMI4,614
Principal Amount
Interest amount

Tips to Improve Personal Loan Approval Chances in Short Term Personal Loan

Maintain a Good Credit Score

Maintain a Good Credit Score

Your credit score plays a crucial role in personal loan approval. A score of 700+ is generally considered good.

Ensure Stable Income and Employment

Ensure Stable Income and Employment

Lenders prefer applicants with stable employment and a consistent income source.

Apply for a Suitable Loan Amount

Apply for a Suitable Loan Amount

Always apply for a loan amount that aligns with your repayment capacity and financial goals.

Keep All Required Documents Ready

Keep All Required Documents Ready

Incomplete documentation is one of the most common reasons for personal loan delays or rejection.

Clear Existing Debts

Clear Existing Debts

Try to stay clear of all the outstanding debt. If you repay your loans timely, then banks will prefer to lend more loans to you.

Apply Through a Trusted Loan Platform

Apply Through a Trusted Loan Platform

Instead of applying directly to multiple banks, apply through a reliable loan marketplace like LoansJagat.

How to Apply for Personal Loan in Short Term Personal Loan

01
Apply Online

Apply Online

Click Apply Now and start your loan journey in minutes.

02
Share Basic Details

Share Basic Details

Enter your name, contact, and work information to proceed.

03
Verify Eligibility

Verify Eligibility

Get instant loan offers based on your profile and credit score.

04
Upload Documents

Upload Documents

Submit your PAN, Aadhaar, KYC, and income proof securely online.

05
Compare & Choose

Compare & Choose

Pick the best offer from multiple banks and NBFCs.

06
Get Instant Approval

Get Instant Approval

Receive quick approval and funds directly in your bank account.