Aug 17, 2020Personal Loan
Are you in dire need of funds due to a medical emergency? Urgent working capital funding is required whereas your receivables are due after six months?
If your answer is yes to any of these questions, read on to find out more.
Short term loans are borrowings taken to meet short term liquidity requirements which can be for personal or business needs. The repayment period for these loans is usually up to a maximum of 5 years, depending on the context of the loan.
The main features of short-term loans are:
One should compare the pros and cons of these loans and if there is reasonable certainty regarding proper repayment as per the terms agreed, one should opt for short term loans for improving your cash flows in the short run.