Short Term Loan
Short term loans for 7 to 365 days
Small amount, short tenure, one repayment. A short term loan is the simplest kind of credit: borrow today, repay when your salary lands.
- ₹8,000 – ₹75,000
- 7–365 day tenure
- Decision in ~10 minutes
- No prepayment charges
Soft check only: your score stays untouched
Apply for your loan
Check your offer in 2 minutes.
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Loans by Salora Capital Limited, RBI-registered NBFC (CoR N-13.01855).
Estimate the cost firstCalculator
Price your short term loan
Move the sliders or type a figure. Every cost updates live.
Your estimate
- Principal Amount
- ₹20,000
- Interest AmountSimple interest on the principal
- ₹334
Estimate only. GST on the processing fee and your exact figures are shown in your Key Fact Statement before you accept.
What is a short term loan?
A long personal loan locks you into months of EMIs for a need that lasts two weeks. A short term loan matches the tenure to your pay cycle, usually 7 to 365 days, and you repay principal plus interest in a single payment.
Interest is calculated daily, so closing early lowers what you pay, with no foreclosure charge. That makes it a cheaper bridge than revolving a credit card bill or paying late fees on other dues.
Best for
Bridging a 1–5 week gap until salary
Avoiding late fees on rent, EMIs or card bills
Borrowers who want to stay debt-free after payday
Key facts
Short Term Loan at a glance
The same transparent pricing applies to every product.
- Loan amount
- ₹8,000 – ₹75,000
- Tenure
- 7 – 365 days
- Interest
- 1.67% per month
- Processing fee
- 1.18% (incl. GST)
- Prepayment charge
- ₹0
- Min. salary
- ₹30,000/month
The process
How the short term loan works
- Step 1 · ~1 min
Confirm your number
A one-time code checks it’s really you. Then add your salary and employer name.
- Step 2 · ~3 min
Prove it’s you, digitally
Aadhaar eKYC, a quick live selfie, and three months of salary credits shared through Account Aggregator.
- Step 3 · Decision ~10 min
Read the KFS, then sign
Your Key Fact Statement lists the rupee cost, APR and due date. Happy with it? E-sign in one tap.
- Step 4 · Same day
Funds land, payday settles it
The lender pays into your salary account. On payday, one UPI payment or auto-debit closes the loan.
Eligibility & documents
Do you qualify?
Who can apply
- Indian resident, 21–55 yearsWith a valid PAN and Aadhaar
- Salaried, full-timePrivate company, PSU or government. Self-employed not yet supported.
- Net salary ₹30,000+ per monthCredited to your bank account, not paid in cash
- Serviceable pincodeMajor metros and Tier 1–2 cities. We'll confirm at sign-up.
What to have on hand
- PAN cardVerified instantly, no upload needed
- Aadhaar-linked mobileFor paperless eKYC by OTP
- 3 months' salary statementFetched securely via Account Aggregator, or a PDF upload
- A live selfieTaken in the browser, for your security
FAQs
Short Term Loan FAQs
What is the shortest tenure available?
The minimum tenure is 7 days and the maximum is 365 days.
Do I pay EMIs?
No. Short term loans are repaid in one payment on the due date, or earlier if you choose.
Can I extend my due date?
Talk to us before the due date. Any extension or restructuring is offered only as per the lender's policy and is confirmed in writing.
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Your salary, a little early.
Check your offer in 2 minutes. It’s free and won’t affect your credit score. Once your loan is disbursed, Salora Capital Limited reports it to the credit bureaus every month.
Loans by Salora Capital Limited, RBI-registered NBFC (CoR N-13.01855).