Short term loan in Kanpur from Loan Granted not only addresses immediate financial concerns of a person but also provides some extra cash in hand to boost that individual’s confidence to take on life’s uncertainties.
Salaried individuals with limited money resource often find themselves struggling with expenses by mid-month and in such a situation if an emergency strikes, life could be very difficult. For such torrid times, taking short term loans is advisable.
A short term loan is a loan that is taken for a tenure of less than one year. As the tenure of the loan is small, individuals may borrow money from private lenders at higher interest rates and end up in the vicious cycle of a debt trap.
Loan Granted extends credit for short tenures to individuals at competitive rates.
Short Term Loan in Kanpur: Features and Benefits
Loan Granted offers up to INR 2,00,000 as short term loan in 1 day to its existing and pre-approved customers. The process of taking credit with Loan Granted is easy, paperless and hassle-free.
Features of taking credit with Loan Granted:
- Easy Application for Short Term Loans:
- The one-time registration process with Loan Granted allows the borrowers to quickly register and apply for a short term loan online with the company.
- The one-time application feature allows borrowers to apply for subsequent loans without going through the entire loan application process again.
- The one-time approval feature allows borrowers to secure subsequent loans without seeking reapproval.
- Fast Verification & Disbursement of Short Term Loan for Salaried Professionals:
- The company instantly determines the applicant’s eligibility and quickly processes the loan application for salaried individuals.
- The company calculates the credit limit to be approved against the applicant’s salary.
- The borrowers get online short term loan approval, once the documents are verified.
- The amount is directly credited to the borrower’s account.
- Flexible Repayment of Short Term Loans:
- The flexible repayment feature of Loan Granted allows the borrowers to repay the short term credit as per their convenience.
- The borrowers have the flexibility to either repay the loan amount in monthly instalments or payback the entire loan at once.
- The borrowers can select the loan tenure as per their repayment comfort.
Benefits of taking an online short term loan with Loan Granted:
- Non-collateral Credit: The company gives immediate credit without asking for any security from the applicant. This non-collateral loan can be used for any purpose.
- Fast Cash: Once the loan application is approved, the loan amount is instantly available to the borrower.
- Minimum Documentation: Loan Granted asks only for the basic documents to process the loan application. Submit all the documents to get a short term loan approval online.
- No Hidden Costs: Loan Granted does not charge any hidden costs while extending a loan or while receiving the repayments. All the charges are clearly stated on the company’s official website.
- Flexible EMIs: The flexible EMIs option supports the borrowers to either pay back the credit amount in monthly instalments or in full.
- Any Time Access to Credit: The loan amount can be accessed from anywhere and anytime from the account.
- Reasonable Interest Rate: Loan Granted charges reasonable interest rates on the short term loans. The company calculates interest only on the amount that is used and not on the amount that is approved.
- No Prepayment Charges: The company does not take any prepayment charges if a borrower chooses to foreclose the loan before completing the loan tenure.
Short Term Loan in Kanpur: Eligibility
Loan Granted offers short term loans to salaried professionals who fulfil the following eligibility criteria:
- Indian citizenship: The loan applicant is an Indian citizen.
- Minimum Salary: The applicant earns a minimum of INR 8,000.
- Age of the Applicant: The applicant is of legal age i.e., 21 years.
Documents Required to Apply for Short Term Loan in Kanpur
- Loan Granted requires the following documents to verify a salaried individual’s identity and repaying capacity:
- Identity proof such as Aadhaar card, Passport, Driving Licence, Voter’s Id, etc.
- Residence proof such as Rental Agreement, Electricity Bill, Gas Bill, Telephone Bill, Passport, Ration Card etc.
- Income proof such as Bank Statement, Payslips, etc.,
- Pan Card
- Passport size photographs
Loan Amount
Loan Granted gives short term loans from INR 500 to INR 2,00,000 to salaried employees and based on the short term loan eligibility, the loan amount differs for each applicant.
Generally, salaried employees apply for a short term loan to deal with an emergency in life. Be it a financial, professional or personal requirement, money is a vital tool of dealing with life’s unforeseen trials. With a restricted income, a salaried individual often takes a loan to pay off unexpected medical bills, clear off debts, deal with urgent repairs or celebrate the festivities.
Another major reason for taking a short time credit is job switch or delay in salary. In such trying times, taking a loan can take care of the expenses until the next job or till the salary is received.
Loan Tenure
Loan Granted lends a credit up to 3 years. The borrower can select the loan tenure and pay back the credit with interest as per convenience.
How to Apply for a Short Term Loan in Kanpur
The 4 simple steps to apply for a short term credit online with Loan Granted are:
Step 1: Go to the official website of Loan Granted and register as a new user.
Step 2: Enter all the mandatory details in the online application form.
Step 3: Submit all the required documents for verification.
Step 4: Once the documents are verified, get the approved loan amount into the account.
Loan Granted provides short term loans to all its eligible applicants and recommends the borrowers to repay the credit on time. A loan repaid on time improves the borrower’s creditworthiness, which attracts a lower interest rate.
