Apply for Short Term Personal Loan Online

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What is a Short-term Personal Loan?

A Short-term Personal Loan is a quick financing solution designed to help you meet urgent financial needs. Whether you require funds for medical emergencies, travel, wedding expenses, or unforeseen expenditures, this loan provides immediate relief with minimal documentation and quick disbursal. Short-term Personal Loans come with attractive interest rates and flexible repayment tenures. With a simple application process and fast approval, you can bridge financial gaps without long-term commitments.

Personal Loan EMI Calculator

Want to know your personal loan EMI before applying for the loan? Use our personal loan EMI calculator and find your EMI instantly!

What is a Personal Loan EMI Calculator?

A personal loan EMI calculator is an online tool that helps you find the prospective EMIs for your loan. You can find the total interest payable over the repayment tenure and the total amount you pay for the loan, including the interest component. This can help you budget for the loan EMIs easily.

How does the calculator work?

To use the personal loan EMI calculator, you have to enter the loan amount, repayment tenure, and the applicable interest rate. Based on these details, the calculator calculates the EMIs instantly. You can also change the inputs to find an EMI that best fits your budget.

Calculate EMI
Calculate Your Loan Amount

PERSONAL LOAN AMOUNT

Tenure (1 to 7 Years)

Rate of Interest (9 to 13%)

I CAN PAY EMI OF

Tenure (1 to 7 Years)

Rate of Interest (9 to 13%)

Your EMI

₹ 10,624

Total Interest

₹ 1,37,440

Total Payout

₹ 6,37,440

APPLY NOW

Your Loan Amount

₹ 7,05,981

Total Interest

₹ 1,94,019

Total Payout

₹ 9,00,000

APPLY NOW

Our Personal Finance Products

Find a wide range of solutions for all your financing needs.

Personal Loan

A personal loan is an unsecured loan that helps you raise funds for your financial needs.

Know more

Long Term Personal Loan

Spread repayments over an extended tenure to keep EMIs affordable and predictable. A practical choice for funding larger expenses without straining your monthly budget.

Know more

Short Term Personal Loan

A quick-repayment option for smaller, immediate needs, with tenures designed to help you clear the loan faster. Shorter tenures mean a lower total interest outgo over the life of the loan.

Know more

Flexi Loan

Borrow only what you need, when you need it, from a pre-approved limit. Pay interest only on the amount utilised — not the full sanctioned sum — for a more cost-efficient way to manage cash flow.

Know more Apply Now

Features of a Short-term Personal Loan

Instant Loan Disbursal

Get quick approval and fund transfer to your account.

Flexible Repayment Options

Choose a tenure that suits your financial situation.

No Collateral Required

Receive funds without pledging any assets.

Attractive Interest Rates

Enjoy competitive rates to ease repayment burden.

Minimal Documentation

Experience hassle-free processing with basic KYC and income proof.

Eligibility for Short term Personal Loan

Eligibility Criteria for a Short-term Personal Loan

To avail a Short-term Personal Loan, you must meet the following criteria:

Age : The minimum age is 21 or 23 years, depending on the loan type, and the maximum is 60 years. In some cases, the entry age is extended to up to 62 years.
Employment Type: You must be a salaried employee at a recognized organization.
Monthly Income: A stable monthly income is essential for loan eligibility.
Credit Score: A CIBIL score of 700 or more helps in quicker approval and better terms.
Work Experience: Six months in the current employment.

Documents Required for a Short-term Personal Loan

Ensure a seamless loan application process by keeping these documents ready:

Identity Proof Aadhaar Card, PAN Card, Passport, Voter ID.
Address Proof Utility bills, Aadhaar card, passport, or rental agreement.
Income Proof The latest 3 months' salary slips.
Bank Statements Last 6 months' statements showing salary credits.
Photograph One recent passport-size photograph.

Types of Personal Loan in India

Personal Loan For Medical Emergency

Get Personal Loans for Medical Emergency and manage your urgent medical bills. Get quick approvals and faster loan sanctions.

Personal Loan for Marriage

A Personal Loan for Marriage can help you fund the various costs associated with a wedding so that you can celebrate without financial worries.

Personal Loan for Teachers

Tailored especially for teachers, the Personal Loan for Teachers can be used to fund multiple financial needs with quick approvals.

Personal Loan for Emergency

Get a Personal Loan for Emergency and get quick funds for meeting unforeseen situations. Get the loan without collateral and at attractive interest rates.

Personal Loan for Home Renovation

Transform your house into your dream home with a Personal Loan for Home Renovation. Enjoy a digital onboarding journey with attractive interest rates.

Personal Loan for Students

The Personal Loan for Students offers collateral-free funding to meet education costs, living expenses or any other financial needs that students might have.

Personal Loan for Women

Personal Loans for Women are designed for females looking for collateral-free funding solutions for personal or business-related needs.

Personal Loan for Salaried Individuals

Salaried individuals can get a Personal Loan and meet any financial need at attractive interest rates, no collateral, and flexible repayment options.

Personal Loan for Government Employees

Personal Loans for Government Employees give collateral-free loans at attractive interest rates and quick sanctions for every financial need.

How to Apply for a Short-term Personal Loan

1step

Visit Our Website or App

Go to Aditya Birla Capital’s official website.

2step

Check Eligibility

Use the online calculator to check your loan eligibility.

3step

Fill Out the Online Form

Enter your personal, employment, and financial details.

4step

Upload Required Documents

Submit scanned copies of the necessary documents.

5step

Verification & Approval

We will verify your application and notify you of approval.

6step

Disbursal

Upon approval, the loan amount is credited to your account within 24–48 hours.

Revision of Reference Rates for determining Interest Rates on loans given

A high credit score signals reliability to lenders and can help you get lower personal loan interest rates.

High existing debt can lead to higher interest, as lenders see more risk in lending to heavily indebted borrowers.

Stable income and employment history make you eligible for personal loans with low interest rates, as lenders perceive lower risk.

Different banks and NBFCs have varying interest rate structures, so comparing offers helps identify the personal loan minimum interest rate available to you.

Larger loans or longer repayment tenures may attract slightly higher personal loan rates due to increased risk.

Tools

Financial Reports

ABC of Calculator

Customer Satisfaction Stories

Mr. Hiralkumar Ashokbhai Patel

Aditya Birla Finance Customer

Mr. Pramod Kumar Saini

Aditya Birla Finance Customer

Ashesh Shah

Aditya Birla Capital Limited

Mr. Baijnath Choudhary

Aditya Birla Capital

Mrs. Snehal Rajpure

Aditya Birla Finance Customer

FAQs on Short Term Personal Loans

A Short-Term Personal Loan is a type of personal loan which is offered for a shorter tenure. You can get a multipurpose loan for your financial needs and repay it quickly to get debt-free.

The duration of the Short-Term Personal Loan depends on the tenure you choose. Aditya Birla Capital offers loans with repayment tenures going up to 84 months.

The loan amount depends on your eligibility qualifications.You can use the loan eligibility calculator and find out the loan that you can avail of basis your eligibility.

Under a Short-Term Personal Loan, you choose the repayment tenure over which you can repay the loan affordably. After the loan is sanctioned, the EMI payments start immediately, and you repay the loan through EMIs over the chosen tenure.

The EMI depends on the interest rate and the repayment tenure selected. If the interest rate is constant, the EMI will be higher for shorter tenures than longer ones. So, if you choose a short repayment period, the EMI will be higher.

Balance Transfer

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Disclaimer

Call 1800 270 7000 OR write to us at care.finance@adityabirlacapital.com.

For more details, to know your personal loan eligibility, access the product brochure or to set a meeting with our relationship manager.

The information presented on this page is intended solely for general informational purposes and does not constitute financial, investment, or professional advice. This content has not been authored by, nor does it represent an official communication from, Aditya Birla Capital Digital Limited. It is compiled from publicly available secondary sources, which may be subject to change without prior notice. Readers are strongly advised to conduct their own independent research and seek guidance from licensed financial advisors before making any investment decisions. All investments carry inherent risks, including the potential loss of principal. Past performance is not indicative of future results.