Fight your financial crisis with short term loans. Check out
Posted on: 21/Jul/2018 5:12:56 PM
Worried of temporary cash flow issues and flash financial crisis? Well, you are not alone! Here are a few tips to help overcome the same.
By the end of the month, most of us tend to be worried about poor cash flow. When there is a number of days still left for the salary to get credited, you will be combating with the poor cash flow often which is in three-digits.
How would that be if you suddenly need surplus cash flow when it’s a highly crucial period for you? How will be to have a little amount borrowed just to meet your emergency needs which you can repay after a few days? Yes, among the best solutions to solve the cash crunch is short term loans. They can help you better your life on the whole without wanting to run to and fro the bank. These can be done online with very minimal procedures. Short term goals are a form of personal loan that can be easily obtained with a very short tenure. In just a few hours or a day or two, the loan amount will be sent to your account – Yeah!
There are many renowned fintech players ready to lend you the short term loan of which here we are listing a few:
EarlySalary
The app is based in Pune. It provides instant loans to salaried people with a tenure of 30 days or until next salary cycle. The beneficiaries can consider this as advance salary or cash withdrawals using credit cards. This app is available for download on Google Play Store and App Store. The loan amount can be utilized for making online purchases.
CASHe
This is the fastest among all such loan providing apps. This offers loan to salaried professionals. They offer loan amounts of the range Rs 5000 to Rs 1,00,000 that can be repaid within 15, 30,60, 90 or 120 days. A proprietary algorithm powers the mobile app. It sets up the credit profile for the individual customers. They approve and offer the loan within minutes in a hassle-free manner.
Rubique
This functions based on artificial intelligence. It involves real-time processing and offers online approvals instantly. For this, they have got associated with financial institutions like Qbera for offering short term loan amounts to the salaried class.
Faircent
This platform allows direct interaction between the borrower and the lender. It doesn’t involve any intervention by any third party like banks. Those who are in need of funds can get registered on the platform. Once registration is done, Faircent will perform a verification including KYC norms as articulated by the regulators.
There is a proprietary automated feature being used by the company. This shall match with the investment criteria of the lender and the borrower’s requirements. Based on this, it shall automatically sanction the loan amount, respective tenure, risk profile, etc.
