Short Term Loan

A short-term loan is a personal loan with a relatively brief repayment period, typically ranging from a few months up to about a year. With TrustPaisa, you can apply for a short-term loan online to handle temporary cash gaps or specific expenses, then repay it over a concise tenure instead of committing to long-term debt. 

To get a short-term loan online, create an account on TrustPaisa, verify your Aadhaar-linked mobile number, provide your personal and employment information, upload KYC and income documents, choose a shorter repayment tenure that suits your needs, and sign the agreement digitally. Once approved, your short-term loan is disbursed to your bank account.

Eligibility for a short-term loan generally requires that you are an Indian resident aged 18–55, have stable salaried or self-employed income, and maintain an active bank account. The lending partner will review your documents, income and credit profile to decide whether to approve your short-term loan application.

Even for short-term loans, lenders need assurance that you can repay within the agreed tenure. If you lack a salary slip, bank statements or other income documents may be requested. If you can’t show any consistent income, approval for a short-term loan will be difficult.

Short-term loans require regular repayments over a condensed schedule, so a reliable income source is important. If you are unemployed without any steady earnings, you are unlikely to be approved. If you have non-salaried but regular income that can be verified, you may still apply, but approval is never guaranteed.

You can apply for a short-term loan even if you don’t have a CIBIL score. Lenders may pay more attention to your income stability, bank transaction history, and overall risk profile. Still, some applications without a credit score may be declined or receive lower limits based on internal risk rules.

With a poor credit history, getting a short-term loan approved becomes harder. Lenders will check how recent and serious your past issues are, as well as your current ability to repay. Some borrowers with improved income and responsible behavior may still be approved, but many high-risk profiles are rejected.

There is no officially stated minimum credit score for a short-term loan from TrustPaisa. The lending partner uses its own risk models, where your credit score, income, and obligations are all considered. A higher credit score gives you a better chance, but no specific number guarantees approval.