Short Term Loan

Features and benefits of short term loan

Short-term loans offer numerous compelling advantages that make them ideal for urgent financial situations and temporary cash flow needs:
 

Quick finance up to Rs. 55 lakh

Address urgent financial needs like business expenses, medical emergencies, educational costs, or personal requirements with ample funding that provides substantial financial support when you need it most.

Why substantial amounts help: Large loan amounts ensure you can handle major emergencies or opportunities without multiple borrowing arrangements, simplifying your financial management during stressful times.

Collateral-free finance

Get a loan without pledging any valuable asset or applying with a guarantor, protecting your possessions while accessing the funds you need for urgent requirements.

Instant approval

Apply online and get approval in just 5 minutes* courtesy of simple eligibility criteria and advanced digital assessment systems that evaluate applications quickly and efficiently.

Speed benefit for urgency: Instant approval means you can address time-sensitive situations like medical treatments, business opportunities, or emergency expenses without delays that could worsen the situation.
 

Disbursal in 24 hours*

Receive the loan amount deposited directly in your account within 24 hours* of approval, ensuring you have immediate access to funds when urgent situations demand quick financial solutions.

Rapid access advantage: Same-day funding capability means you can handle emergencies, seize opportunities, or manage cash flow gaps without missing critical deadlines.
 

Minimal documents

Submit only basic personal loan documents with your application to support your eligibility, eliminating complex paperwork that delays urgent funding.

Simplified process benefit: Reduced documentation requirements mean faster processing and less time spent gathering paperwork when you need money urgently.
 

Pre-approved loan offers

Avail of pre-approved loan offers to hasten approval and access personalized financing solutions based on your existing relationship and credit profile.

Pre-approval advantage: Existing customers often receive instant access to funds with minimal formalities, perfect for handling urgent financial needs without application delays.
 

Zero hidden charges

Read the comprehensive terms and conditions and be assured of 100% transparency in loan fees and charges, ensuring no surprise costs during your borrowing journey.

Transparency benefit: Clear, upfront pricing helps you budget accurately and make informed financial decisions without worrying about hidden fees or unexpected charges.
 

Flexi loans

Make multiple withdrawals from a dropline limit and pay interest only on the withdrawn funds, with our Flexi loans.
 

Online loan account

View your loan repayment schedule and pay EMIs easily via the comprehensive customer portal - My Account, providing 24/7 access to your loan information and payment options.

Digital convenience: Online account management allows you to track your loan progress, make payments, and access statements anytime, fitting perfectly with busy lifestyles.
 

Flexible repayment

Divide your EMIs over a tenure that ranges up to 96 months, allowing you to choose repayment schedules that align with your cash flow patterns and financial capacity.

Repayment flexibility: Longer tenure options provide smaller EMIs for easier budget management, while shorter tenures help you become debt-free faster with lower total interest costs.
 

EMI calculation for short term loan

The easiest way to plan repayment is to use the personal loan EMI calculator. Once you enter the loan amount, interest rate, and tenor, the calculator displays your EMI. For example:

Interest rates and charges for short-term loan

When considering a short-term loan, the fees and charges are typically low, making it an affordable option for urgent financial needs. Here are the key points to know:
 

• Nominal Fees: Short-term loans come with minimal fees, making them a cost-effective solution.
• No Hidden Charges: You can trust that there are no hidden charges, ensuring transparency throughout the loan process.
• Transparent Terms: Always read the loan terms and conditions carefully to understand the details of the fees and repayment schedule.
• Competitive Interest Rates: The interest rates for short-term loans are reasonable, making them manageable even with a shorter repayment period.
• Quick Approval: With fast processing and minimal documentation, securing a personal loan is quick and easy.
   

For more information on current personal loan interest rates, and to apply for a short-term loan, explore the full terms and conditions to ensure you are making an informed decision.

Quick access to funds

Short-term loans offer remarkably fast processing, allowing borrowers to access funds quickly during emergencies, time-sensitive opportunities, or urgent cash flow needs.
 

Flexible use

You can use the loan for a wide variety of needs such as medical emergencies, travel expenses, wedding costs, educational fees, business investments, or paying urgent bills.

Short repayment period

With a shorter repayment timeline, you can quickly repay the loan and reduce your financial burden, avoiding long-term debt obligations that might limit future financial flexibility.

Freedom advantage: Quick debt clearance means you regain full financial flexibility faster, allowing you to pursue other opportunities or handle future needs without existing debt constraints.
 

Minimal documentation

The process of applying for a short-term loan is simpler and faster, with fewer documentation requirements that eliminate delays when you need money urgently.

Efficiency benefit: Reduced paperwork means faster approval and quicker access to funds during critical situations when time is of the essence.
 

No collateral

Short-term loans are typically unsecured, so you do not need to provide valuable assets as security, protecting your possessions while accessing needed funds.

Additional strategic advantages:

• Lower total interest: Shorter tenures mean less total interest paid compared to long-term loans
• Credit building: Successful repayment improves credit history for future borrowing
• Cash flow management: Bridge temporary gaps without long-term financial commitment
• Opportunity seizing: Capitalise on time-sensitive business or personal opportunities
   

If you need money urgently, applying for a short-term loan can help you address unexpected expenses efficiently without long-term commitments that might restrict your future financial decisions.

Why choose Bajaj Finance for short term loan?

Bajaj Finance offers an ideal and comprehensive solution for those seeking a short-term loan with reliability, efficiency, and customer-focused service. Here's why it stands out among lending options:
 

Fast disbursal

Bajaj Finance ensures quick approval and disbursal of loans, making it easy for you to access funds during emergencies, urgent business needs, or time-sensitive opportunities.

Speed advantage: Our efficient processing system ensures you get funds when you need them most, without delays that could impact your financial situation.
 

Attractive interest rates

With competitive interest rates, Bajaj Finance makes it affordable to repay your loan without creating financial strain, even with shorter repayment periods.

Affordability focus: Reasonable rates ensure your short-term borrowing remains cost-effective and manageable within your budget constraints.
 

Minimal documentation

The application process is remarkably simple with minimal paperwork, making it hassle-free for you to apply for a short-term loan during stressful situations.

Convenience benefit: Streamlined documentation means less time spent on paperwork and more time addressing your urgent financial needs.
 

Flexible repayment tenure

Choose from flexible repayment options ranging from short-term to extended periods to match your financial capacity and cash flow patterns.

Customisation advantage: Tailor your repayment schedule to fit your specific income patterns and financial planning requirements.
 

No collateral required

Bajaj Finance offers completely unsecured loans, eliminating the need for assets as security during borrowing.