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Summary: There are different types of short-term loans available in India, from personal loans to secured loans, salary advance loan offers to credit lines. You should choose the option that offers maximum flexibility in borrowing and usage, low interest rate and minimal charges.
If you are familiar with prudent financial management practices, you may have already saved towards an emergency fund. But there are many who may have just saving for contingencies or are yet to start. For them, the solution to a sudden financial need is short-term loans.
And why only financial emergencies, short-term loans come in handy in a vacation plan, home renovations, consumer durable purchases and a host of other financial needs. Therefore, it always helps to know what are the short-term loan options typically available to us.
Short-term loans are used by individuals and businesses alike, to meet their immediate and temporary financial needs. As an individual, a short-term personal loan is the most visible option available to you. But make sure you look beyond it and understand all short-term loan categories available in India.
Applying for the FIRSTmoney credit line is smart and easy. Just scan the FIRSTmoney QR code and register with your mobile number. Once your eligibility is confirmed based on the details you provide, you can select the loan details and link your bank account. Display your physical PAN card for the video KYC and it’s done.
Visit the FIRSTmoney webpage today to get the QR code, and get the smart answer to your short-term loan needs.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Metra Trust or its affiliates to any licensing or registration requirements. Metra Trust shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.metratrust.com for latest updates.