Short term Personal loans - Answering a Few common questions

Short Term Personal loans Answering a Few common Questions If you are in sudden need and trying to gather information about short-term personal loans, then this guide can help you through thick and thin with various answers to all your questions and doubts. It is very essential to stay updated before you jump and go for a personal loan application. Seethrough the various questions and find answers to all your doubts.

What is a short-term personal loan? • A short-term personal loan is a debt given off for a short period. Such a type of loan is available only for a short period and you need to pay back the amount within that time. You may need a small number of funds instantly, and that is how a short-term personal loan can work. It comes with a low tenure and finishes off quickly.

What is the tenure of a short-term personal loan? A short term loan is available only for a short period. You can expect to go for tenure for 24 months. You can choose your tenure within that and pay off the entire loan amount in easy installment. This will ensure that you meet your short-term cash requirement and finish off the debt within a short period.

What is the interest rate of a short-term personal loan? • The short term instant personal loan comes with a high rate of interest as compared to a long term loan. The tenure is less and the rate of interest is high. You will have to pay a high rate of interest compared to long tenure, as it will end within a few months. So, if you require short-term cash, then only go for a short-term personal loan with a high rate of interest.

What are the documents needed?

For a short-term personal loan, you will need your Aadhar card, Pan card, address proof, income proof, employment proof, bank account statement, and other documents. A personal loan calculator will help you manage your debt and get the right EMI amount. Use the debt amount in the right way and pay it off on time, to manage finances well.

Clix Capital Services Pvt. Ltd. Address:

901b, 9th Floor, Two Horizon Centre, DLF Phase V Gurgaon, Haryana, India – 122002 Phone Number: 1800 200 9898 Website: https://www.clix.capital/personal-loan/