If you need an infusion of cash urgently for an unforeseen emergency or to make up shortage of funds,or even to buy a snazzy gadget, taking short-term loans is an excellent choice. At FundsMama, you have the flexibility to avail of instant short-term loans ranging from Rs. 5000 to Rs. 1,00,000. Our short-term loans help smooth over turbulent times and keep you financially stable over limited periods of up to 1 year.
Paying EMIs for short-term loans are more affordable and easier to manage than long-term loans. While the EMIs may be higher than loans with long tenures, you actually incur less interest on your overall paymentsince the repayment period is quite short. So, if you have a regular income and good credit hygiene, short-term loans are definitely more beneficial.
FundsMama is the ideal choice for all your short-term loan requirements. We have perfected our loan disbursal mechanism with countless hours of fine-tuning our processes, building our proprietary underwriting algorithm for efficient and accurate loan estimates and having the right people in place who understand your requirements and work tirelessly to ensure that you never have to suffer due to a lack of money.
Fill out the loan application form. This is a simple process that will take just a few minutes of your time. Provide a few details such as your name, mobile number, email, PAN, etc., as well as the loan amount you are looking for and your monthly income.
You will receive an email requesting the documents required to complete the loan application. The details shared by you will be used to check your eligibility based on company set criteria.
Once your eligibility has been established,you will receive a phone call for processing your loan and then your loan will be disbursed within XX hours.
The following criteria need to be met for smooth and successful disbursal of the loan
Provide the following KYC documents for evaluation of your loan-worthiness
"I needed some money to meet an unforeseen expense. When I applied for a loan on FundsMama, their representative was very helpful and advised me to go for a short-term loan, which, in hindsight was the correct decision. Now I know that they will always have my back."
"FundsMama's short-term loans are perfect for all my expensive electronics purchases. Since I discovered them, I have practically stopped using credit cards as their services are both fast and affordable."
"Getting a short-term loan from FundsMama is quick and effortless. They require very little documentation and ensure that the customer is fully informed about the process. I am very satisfied with their services."
A short-term loan is an unsecured personal loan. If you have a requirement for a small amount of money for any purpose, FundsMama offers short-term loans of Rs 5000 to Rs 1,00,000 for limited periods up to 1 year.