Short Term Loan

Q: Can I get a short-term personal loan of Rs. 30,000?

Yes, you can get a short-term Rs. 30,000 personal loan . With our Insta Personal Loan, you can get pre-approved offers for loans of Rs. 20,000 to Rs. 15,50,000.

A short-term loan is a financial tool designed to cover urgent expenses with a repayment tenure typically under a year. It helps manage sudden financial needs like medical emergencies, weddings, travel, or cash flow shortages. With quick approval, minimal documentation, and fast disbursal, it ensures immediate access to funds without long-term commitments.

Quick finance up to Rs. 55 lakh

Address urgent financial needs like business expenses and medical emergencies with ample funding.
Collateral-free finance

Get a loan without pledging any asset or applying with a guarantor.
Instant approval

Apply online and get approval in 5 minutes* courtesy of simple eligibility criteria.
Disbursal in 24 hours*

Receive the loan amount in your account within 24 hours* of approval.
Minimal documents

Submit basic personal loan documents with your application to support your eligibility.
Pre-approved loan offers

Avail of pre-approved loan offers to hasten approval and access personalised financing.
Zero inflation in charges

Read the terms and conditions and be assured of 100% transparency in loan fees and charges.
Up to 45%* lower EMIs

Pay up to 45% lower EMIs with the Flexi loan facility by opting for interest-only EMIs.
Online loan account

View your loan repayment schedule and pay EMIs easily via the customer portal - My Account.
Flexible repayment

Divide your EMIs over a tenor that ranges up to 96 months.

Nationality

Residing Indian
Age

Between 21 years and 80 years*
Employment

Salaried, employed with an MNC, public or private company
CIBIL score
Check your CIBIL Score for FREE

685 or higher

To know how much funding you can get with a short-term loan, use the Personal Loan Eligibility Calculator to get an estimate. It indicates what you may qualify for based on your income and fixed obligations.

EMI calculation for short term loan

The easiest way to plan repayment is to use the personal loan EMI calculator. Once you enter the loan amount, interest rate, and tenor, the calculator displays your EMI. For example:

Loan amount	Tenure	Interest rate	EMI amount	Total interest	Total payment
Rs. 50,000	6 Months	10%	Rs. 8,537	Rs.1,220	Rs. 51,220
Rs. 1,00,000	12 Months	10%	Rs. 8,792	Rs. 5,500	Rs. 1,05,500
Rs. 2,00,000	18 Months	10%	Rs. 12,228	Rs. 18,100	Rs. 2,18,100

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Typically, you need the below documents to get an urgent short term loan:

1	KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
2	PAN card
3	Employee ID card
4	Salary slips of the last 3 months
5	Bank account statements of the previous 3 months
6	Utility bill of electricity and piped gas

When considering a short-term loan, the fees and charges are typically low, making it an affordable option for urgent financial needs. Here are the key points to know:

Nominal Fees: Short-term loans come with minimal fees, making them a cost-effective solution.
No Hidden Charges: You can trust that there are no hidden charges, ensuring transparency throughout the loan process.
Transparent Terms: Always read the loan terms and conditions carefully to understand the details of the fees and repayment schedule.
Competitive Interest Rates: The interest rates for short-term loans are reasonable, making them manageable even with a shorter repayment period.
Quick Approval: With fast processing and minimal documentation, securing a personal loan is quick and easy.

For more information on current personal loan interest rates, and to apply for a short-term loan, explore the full terms and conditions to ensure you are making an informed decision.

A short-term loan can be a practical solution for those who need immediate financial assistance. Here are some reasons why you might consider applying for a short-term loan:

Quick Access to Funds: Short-term loans offer fast processing, allowing borrowers to access funds quickly during emergencies.
Flexible Use: You can use the loan for a variety of needs such as medical emergencies, travel expenses, or paying bills.
Short Repayment Period: With a shorter repayment timeline, you can quickly repay the loan and reduce your financial burden.
Minimal Documentation: The process of applying for a short-term loan is simpler, with fewer documentation requirements.
No Collateral: Short-term loans are typically unsecured, so you do not need to provide assets as security.

If you need money urgently, applying for a short-term loan can help you address unexpected expenses without long-term commitments.

Bajaj Finserv offers an ideal solution for those seeking a short time loan. Here’s why it stands out:

Fast Disbursal: Bajaj Finserv ensures quick approval and disbursal of loans, making it easy for you to access funds during emergencies.
Attractive Interest Rates: With competitive interest rates, Bajaj Finserv makes it affordable to repay your loan without financial strain.
Minimal Documentation: The application process is simple with minimal paperwork, making it hassle-free for you to apply for a short-term loan.
Flexible Repayment Tenure: Choose from flexible repayment options to match your financial capacity.
No Collateral Required: Bajaj Finserv offers unsecured loans, eliminating the need for assets as security.

Whether for medical emergencies, travel, or personal needs, Bajaj Finserv offers an efficient, transparent, and reliable way to handle your financial requirements.

To apply for a personal loan fill out your short term application form online by following these easy steps:

1 Enter your 12-digit Aadhaar number
2 Fill in the loan amount and tenor that you desire
3 Upload the documents requested and get instant approval on your short-term personal loan
4 Post document verification, receive the funds in your account within 24 hours*

*Conditions apply

Frequently asked questions

Short-term loans usually have a short tenure. Our Insta Personal Loan has tenure options ranging from 12 months to 96 months.

Every credit form has risk associated with it. You need to read all the terms and conditions carefully and assess your repayment capacity before opting for any kind of loan.

Any individual who meets the eligibility criteria set by the lender can get a short-term personal loan. Bajaj Finance Insta Personal Loans offer pre-assigned limits to our borrowers based on their creditworthiness, repayment history, debt-to-income ratio and other factors.

Yes, you can get a short-term Rs. 30,000 personal loan. With our Insta Personal Loan, you can get pre-approved offers for loans of Rs. 20,000 to Rs. 15,50,000.

To calculate short-term loan interest, use the formula: Interest = Principal×InterestRate×Time. Multiply the loan amount (principal) by the interest rate and the loan period. The result gives the total interest payable.

A short-term loan can affect your credit positively if repaid on time, boosting your score. However, missed payments or defaults can negatively impact your credit score, making future borrowing more difficult.

Short-term finance is used for covering immediate or unexpected expenses, such as medical emergencies, urgent repairs, working capital needs, or bridging gaps in cash flow for businesses.

With Bajaj Finserv Personal Loan, you can get a loan amount ranging up to Rs. 55 lakh.

With Bajaj Finserv Personal Loan, you can choose a tenure ranging from 12 months to 96 months.

A short-term loan can improve your credit score by showing your ability to repay on time. Consistently repaying the loan increases your creditworthiness and demonstrates responsible borrowing.

Yes, many lenders offer short-term loans with flexible repayment periods, including options for 3 months. Ensure you meet the lender's eligibility criteria and can repay within the agreed term.

No, short-term loans are typically unsecured, meaning you do not need to provide collateral. The loan is granted based on your income, credit history, and ability to repay.

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