What is a Short Term Loan?
A short term loan is a type of financing designed to provide quick funds for immediate needs, typically repayable within a few months to a year. Unlike long-term loans, these are smaller in amount and easier to obtain, making them ideal for urgent expenses, temporary cash flow issues, or unexpected financial situations.
Short term loans from Vizzve Finance are tailored to ensure quick approval, minimal documentation, and flexible repayment options, helping individuals and businesses meet their urgent needs without long waiting times.
Key Features of a Short Term Loan
Quick Disbursal: Funds are often credited within 24–48 hours.
Short Repayment Period: Usually between 3 months to 12 months.
Smaller Loan Amounts: Typically ranging from a few thousand to a few lakhs.
Flexible Usage: Can be used for personal or business purposes.
Benefits of Short Term Loans
Faster Access to Funds – Ideal for emergencies and urgent needs.
Lower Interest Costs Over Time – Short tenure means reduced overall interest compared to long-term loans.
Flexible Repayment – Choose a repayment plan that suits your income cycle.
Minimal Paperwork – Simple eligibility checks and documentation.
Improves Credit Score – Timely repayment can boost your credit rating.
Eligibility Criteria
To qualify for a short term loan from Vizzve Finance, you generally need:
Age between 21 to 60 years
Proof of income (salary slips, bank statements, or business income proof)
Valid KYC documents (Aadhaar, PAN, etc.)
A decent credit score (varies by lender)
How to Apply for a Short Term Loan with Vizzve Finance
Fill Out the Application Form – Provide basic personal and financial details.
Submit Required Documents – Upload KYC and income proof.
Get Approval & Disbursal – Once approved, funds are transferred quickly.
Why Choose Vizzve Finance?
Fast Approval & Disbursal
Transparent Interest Rates
Customer-Friendly Repayment Options
Trusted Financial Partner
With Vizzve Finance’s commitment to transparency and speed, your urgent financial needs can be met efficiently.
Frequently Asked Questions (FAQs)
Q1: What is the maximum repayment period for a short term loan?
A: Generally, it ranges from 3 months to 12 months, depending on the lender and loan amount.
Q2: Can I apply for a short term loan with a low credit score?
A: Yes, some lenders, including Vizzve Finance, may offer options for borrowers with lower credit scores, though interest rates might be slightly higher.
Q3: How quickly can I get funds after approval?
A: With Vizzve Finance, funds can be disbursed within 24–48 hours after loan approval.
Q4: Is collateral required for a short term loan?
A: Most short term personal loans are unsecured, meaning no collateral is required.
Q5: Can a short term loan help improve my credit score?
A: Yes, timely repayment can positively impact your credit history.
Published on : 11th August
Published by : Selvi
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