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Oct 9

A Quick Glance on Short-term Loans for Quick Cash

Choosing short term loans to meet your need for quick cash is the right decision. It can help you fulfill your need for funds with the minimum efforts. Individuals or businesses in need of money can cash it. Apply for short-term loans online round the clock. Here it is how?

Need some quick cash? Well, munch on Short-term loans then. They are in general extended by financial institutions for a period of 1-2 years. You hardly need to compromise with any collateral as security to avail them. Undoubtedly, you will be provided with the money quickly. But remember that the associated repayment tenure is within 6-18 months.

Conventional loans are full of paperwork and time-consuming against short term easily available ones. For your convenience, there are popular options to meet your short-term financial needs. Make sure to take an informed decision while availing short-term finances.

The different types of short-term loans are detailed below:

  • Trade credit

It is an affordable source which provides interest-free funds. You can make the best out of this credit where the lender would offer you the time to pay for purchase even without any additional cost. It is generally extended for a term of 30 days. 

Wait, you can consider asking for a longer period that would easily fit into your plan. Think once as a flexible repayment tenure will allow you to use the additional time and funds to finance other initiatives to the maximum advantage.

  • Payday loans

Payday loans are quite popular in India, these days. The amount you can get here is usually lower than a personal loan, but the cash is instantly made available at your doorstep. Requisite items that need to be uploaded are Permanent Account Number (PAN), the salary slip, bank account number, and a few other things. The loan is credited into the borrower’s account within a few hours or a day at the most, hassle-free. An instant fund with less paperwork is today’s youth requirement. 

  • Bridge loans

Immediate cash needs can be met with bridge loans or swing loans.  It is well-known for filling the gap creating a bridge when money is needed though unavailable. You can pay for your property, car or an expensive phone’s down payment easily with bridge loans. In contrast to conventional loans, this loan processing fee and interest are a bit high.

  • Credit Card Loan

Have a credit card? Great, then you can avail already approved short-term loan against it. Banks will only watch out for your card’s history and credit limit before offering you money. Processing fee starts just at ₹ 500 and the interest rate depends on the bank. The repayment period is usually flexible, ranging from three months to twenty-four months.

There are several other options like PPF, bank drafts, personal loans, etc. But most important is to take expert opinion with the financial consultants at Antworks Money. The pre-approved loans facility is a hassle-free options for male and females with good profile. Customers can also apply different type of credit cards easily using the given secure link – from any location. Visit us right now for loans and credit cards!

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