Salaried Professionals • Min. Salary ₹45,000/mo
Short Term Loans
for Your Immediate Financial Needs
Need extra funds before your next salary? ExpressCred helps eligible salaried professionals explore short-term loan options through a simple, secure and convenient online application process.
- Online Eligibility Check
- Secure Digital Application
- Transparent Process
- Support Throughout Your Application
Apply for Short Term Loan Online
Fill out the form below to check your eligibility
Mandatory Disclosures & Compliance Notice
Loans are provided by Yaksh Infinlease Pvt Ltd (RBI Registered NBFC). Approval is subject to internal credit assessment and eligibility. Interest rates, processing fees, and repayment terms vary based on customer profile.
Key Loan Information
Representative Example
For a borrower taking a personal loan of ₹50,000 for 6 months at an interest rate of 24% p.a.:
*This is a representative example. Actual figures may vary based on credit assessment and tenure selected.
What Is a Short-Term Loan?
A short-term loan is designed to help eligible borrowers manage temporary financial requirements without taking on a long repayment commitment.
It may be useful when you need to manage expenses such as:
Instead of allowing an unexpected expense to disrupt your monthly budget, a short-term loan may provide an additional financing option, subject to eligibility and lender approval.
Short-Term Loan for Salaried Professionals
Financial Support When Your Salary Isn't Enough to Cover an Immediate Need
Unexpected expenses can occur even when you have a regular income. A short-term loan may help eligible salaried professionals manage temporary financial gaps while keeping their repayment period relatively short.
You may consider a short-term loan for:
Clearing Important Bills
Manage eligible household or utility expenses when they become due.
Handling Unexpected Expenses
Take care of urgent expenses without immediately disturbing your savings.
Managing Medical Costs
Meet eligible medical or healthcare-related expenses, subject to lender policies.
Covering Essential Repairs
Deal with unexpected vehicle, home or other essential repair expenses.
Managing Temporary Cash-Flow Gaps
Access financing when an important expense arrives before your next salary.
Borrow responsibly and select a loan amount and repayment schedule that you can comfortably afford.
Key Features
Shorter Repayment Period
Designed for temporary financial requirements with a repayment period determined by the lender.
Digital Application
Begin your application online without unnecessary paperwork or branch visits.
No Collateral for Eligible Unsecured Loans
Where applicable, eligible unsecured loan products do not require collateral. Final terms depend on the lender.
Flexible Loan Options
Available loan amount, interest rate and tenure depend on your financial profile and lender eligibility.
Clear Loan Terms
Review the applicable costs, repayment schedule and other terms before accepting an offer.
Direct Disbursal
If your application is approved, the lender may disburse the approved amount to your eligible bank account according to its process.
Interest rate, tenure and collateral requirements are subject to lender policy and eligibility assessment.
Why Choose ExpressCred
Apply Online
Start your loan application from your phone or computer without unnecessary branch visits.
Quick Application Process
Submit your details digitally and follow the application journey online.
Minimal Documentation
Provide the documents required for identity, address, income and verification based on your profile.
Transparent Information
Understand applicable interest, processing fees, repayment tenure and other charges before accepting a loan offer.
How It Works
Submit Your Application
Fill out our secure online application with your basic information.
Application Review
Your application is reviewed by our lending partners based on eligibility criteria.
Complete the Process
Upon approval, complete the required formalities as guided by the lender.
Eligibility Criteria
You may be eligible if you:
- Are an Indian resident
- Are 21 years of age or older
- Have a regular source of income
- Meet the lender's eligibility requirements
- Have valid KYC documents
Required Documents
- Aadhaar Card
- PAN Card
- Address Proof
- Income Proof / Salary Slips
- Bank Statement (if required)
- Passport-size Photograph (if applicable)
Loan Details
15% - 34% per annum (as per ECS Credit policy)
3 - 12 Months (up to 365 days)
Up to 10% of loan amount + applicable GST
Your Results
Cost Breakdown
| 1 | ₹11,660 | ₹10,823 | ₹838 | ₹56,177 |
| 2 | ₹11,660 | ₹10,958 | ₹702 | ₹45,219 |
| 3 | ₹11,660 | ₹11,095 | ₹565 | ₹34,124 |
| 4 | ₹11,660 | ₹11,234 | ₹427 | ₹22,890 |
| 5 | ₹11,660 | ₹11,374 | ₹286 | ₹11,516 |
| 6 | ₹11,660 | ₹11,516 | ₹144 | ₹0 |
Yaksh Infinlease Pvt Ltd | RBI Registered NBFC B-14.82066
Short-Term Loan vs Long-Term Loan
Why Consider a Shorter Repayment Period?
A short-term loan can be suitable when your financial requirement is temporary and you expect to repay the borrowing within a relatively short period.
Short-Term Loan
- Designed for temporary financial needs
- Shorter repayment period
- May help manage immediate expenses
- Can reduce the duration of your debt
- Suitable when you have sufficient future income to meet repayments
Long-Term Loan
- Generally used for larger financial requirements
- Longer repayment period
- Lower repayment amount may be possible depending on the loan
- Interest can accumulate over a longer period
Choose a repayment period based on your actual financial capacity rather than simply choosing the shortest possible tenure.
Responsible Borrowing
Before You Apply, Consider Your Repayment Capacity
A short-term loan should be used responsibly. Before accepting a loan offer, make sure you understand:
- Loan amount
- Interest rate / APR
- Processing fee
- Applicable taxes
- Repayment tenure
- EMI or repayment amount
- Total amount payable
- Late payment charges, if applicable
- Prepayment or foreclosure charges, if applicable
- Other applicable lender charges
Only borrow an amount that you can comfortably repay from your regular income.
Important Information
ExpressCred facilitates the online loan application journey and may connect eligible applicants with lending partners.
- ExpressCred does not guarantee loan approval or disbursal.
- Loan amount, interest rate/APR, processing fee, applicable taxes, repayment tenure and other charges vary based on the applicant's profile and the applicable lending partner.
- All loan applications are subject to the lender's eligibility criteria, credit assessment, verification and approval policies.
- Before accepting a loan, carefully review the sanction letter, Key Facts Statement (KFS), applicable terms and repayment obligations provided by the lender.
Borrow responsibly. Only apply for an amount that you can comfortably repay.
Frequently Asked Questions
A short-term loan is a financing option intended for temporary financial requirements and generally has a shorter repayment period than many conventional long-term loans.
Loan amount, interest rate, tenure and other terms depend on the applicable lender and the borrower's eligibility.
Eligible individuals who meet the applicable lender's age, income, employment, credit and documentation requirements may apply.
Salaried professionals with a regular income may be eligible, subject to the lender's assessment.
The application and verification process can be completed digitally, but actual processing and disbursal time depends on successful verification, lender approval, documentation and banking processes.
Many short-term personal credit products are unsecured and may not require collateral. However, this depends on the specific loan product and lender.
Typically, applicants may need identity proof, address proof, income documents and bank-related information. Exact requirements vary according to the lender and applicant profile.
Depending on the lender's terms, loan proceeds may be used for legitimate personal financial requirements such as eligible household bills and temporary expenses. Always review the loan agreement for any restrictions on the use of funds.
Need Funds for a Short-Term Financial Gap
Don't let a temporary financial requirement disrupt your plans. Start your online application with ExpressCred and explore the short-term loan options available to you.