Short Term Loans

Find the Lowest rate for your Short Term Loans

What is a Short – Term Loan?

Short-term loans are constructed to meet short-term financing needs. They can be a flexible financial tool to better organise of cash flow, deal with fortuitous needs for extra cash, or take advantage of an unanticipated business opportunity.

How to apply for Short Term Loans

Advantages of Short Term Loans

☞ It can be raised in short period.

☞ Bad Credit Accepted.

☞ Limited Paperwork.

☞ Suitable for a wide range of business purposes.

Minimum Requirements for a Short Term Loans


₹ 60 Lakhs

Credit Score

Time in Business

12 Months

Documents required for Short Term Loans









Frequently asked questions

1. How does short term loans works?

☞ On occasions your business just needs extra cash — right away. But can you as a matter of fact get financing that fast? LegalRaasta assist businesses get funding in all shapes and sizes… Along with loans that make it to your bank account before you know it. Let’s take a closer look at how these smaller short-term loans can make a big difference. But how can you find financing that your business can afford?
We deal with all sorts of business here at LegalRaasta, and we’ve got some wavelength into which application lead to which loans. Take a look at how Does Term Loan works – and what you’ll need to qualify. This will help you figure out whether a term loan is the right product for you or not.

2. When Can a Short-Term Loan Help You?

☞ Anyone who owns a small business knows:
It takes money to make money. That makes access to working capital necessary — whether you’re just incorporated or have big plans to grow your existing business. In fact, just about every business requires an extra working capital from time to time. When this situation arise, a short-term loan might be the best option.

3. What’s a Short Term Loans good for?

☞ The point of a term loan: to help you finance something big for your business.
Whether you need to make an explicit equipment or inventory purchase, want more working capital, need to
repay other business debts, are looking to meet tax or payroll obligations, a small business term loan can help you out. And as it turns out, there are few loan use limitation, if any — though, generally speaking, its best practice to spend that money generating more revenue for your business.
Since borrowing isn’t free, you want to come out of a loan with more money than you establish with. It’s all in the planning ahead. If used the right way, traditional term loans can help you drive your business to the next level — introducing new equipment, locations, products, or marketing campaigns into your toolbox. To individualise traditional term loans from their shorter-term alternatives, we usually refer to them as medium-term loans instead.

4. Who can qualify for Short Term Loans?

☞ Numerous small businesses can apply for a short-term loan — so long as those business owners can deal with higher APRs and daily payment structures. Here’s the low-down on qualifying: Short-term lenders care mostly about personal credit scores and recent cash flow, since most of their business customers haven’t been around for too long. Your other financials won’t matter as much. But you should also know that the interest rate you’ll pay and the amount you can borrow will depend on your annual revenue, business history, and personal credit rating.

5. What will short term loans cost you?

☞ Short-term loans are paid off quickly, quiet often with daily payments. In addition, you don’t have to worry about that debt for too long. But on the other hand, repaying a short-term loan in daily instalments could cut into your cash flow. Short-term loans also often come with factor rates instead of interest rates: a factor rate is a percentage that, when multiplied by your total loan amount, gives you an idea of how much you’ll be paying the lender back.

6. Why Does Short-Term Loans Cost More?

☞ Short-term loans are higher in price tags…Reason? Simply put, you’re paying the price for quick and convenient: fast cash is always expensive cash. Higher rates are how short-term lenders compensate for their laxer requirements and riskier portfolio.But expensive debt can be better than no debt if your business needs the money to take advantage of an opportunity… Assuming you know you can afford to pay it back. Just because they’re pricey, short-term loans don’t need to be a bad investment.
See if you qualify?

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1000+ Happy customers trust LegalRaasta Services


Best customer service!!

I am very satisfied with the services and business relation with LegalRaasta. It was easy and simple to get any information regarding loan from them. Timely disburse of loan and well described loan application are the key highlight of the company.

Gaurav Saini
Software Engineer at Manhattan Associates


Great Service & Speed!!

I had taken loan for the first time online. Instant assistance and patience from team LegalRaasta helped me apply and get loan easily. Will definitely recommend LegalRaasta for online loan.

Shikha Bhatia,
Founder, Shiksha Learning Academy


Lean and Simple Process!!

I had to just fill 1-one at LegalRaasta. They automatically searched across 50+ partner banks and NBFCs and gave the best deal to me. They saved me a lot of effort and cost.

Nitin Bhatia,
COO, CaterWow Pvt. Ltd.