Lack of money at the end of the month? these fintech platforms can offer short-term loans


How often have you been short of cash towards the end of the month? When does the salary day seem a long way off? You’ll have to scrounge hard to end the month while your bank account is hovering in a three-digit balance.

What if at this critical point in the month you suddenly needed some money? What if you could just borrow a small amount that you can repay in a matter of days? Short term loans can be a great solution to overcome temporary cash flow or spending problems.

These instant loans can make your life a lot easier without having to run around banks as they are paid out online with minimal documentation. Short term loans are essentially personal loans that are made available “instantly” for a short term. They are usually approved and paid out within a few hours or within a day or two.

Here is a list of four popular, leading fintech players to consider for hassle-free borrowing:

Early salary

Essentially, the Pune-based company offers a mobile app that enables employees to take out instant loans for an average term of 30 days or until the next pay cycle. Users can avail these loans in the form of salary advances or credit card withdrawals. The mobile app is available in both the Google Play Store and the App Store. In addition, users can also use the credit limit to shop online on credit.

Faircent offers a virtual marketplace where borrowers and lenders can interact directly without going through traditional financial intermediaries like banks. Interested persons can register on the platform, whereupon Faircent carries out a verification process which, in addition to assessing the creditworthiness of the user, also includes the authentication of the KYC standards prescribed by the supervisory authorities.

The company uses a proprietary automated feature that matches a lender’s investment criteria with the borrower’s needs and automatically sends suggestions to the borrower on behalf of the lender based on pre-selected credit criteria such as loan term, amount and risk profile.


Rubique’s online platform is based on an AI-based recommendation engine that has been integrated into financial institutions’ systems for real-time processing, providing customers with instant online loan approvals. The company has partnered with leading financial institutions like Qbera to offer short-term loans to young employees.


CASHe is India’s fastest lending app for young employees. CASHe pays multiple loan products from Rs. 5,000 to Rs. 100,000 payable over 15, 30, 60, 90 and 120 days. Powered by a proprietary algorithm that creates a sophisticated consumer credit profile that is completely different from traditional banks and credit bureaus, CASHe enables young professionals to easily get credit in minutes.

(This story was not edited by Business Standard staff and is automatically generated from a syndicated feed.)

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