Where do you get short term loans?

[nomad]

Generally speaking, I get short term loans of 3-12 months through a saving and credit cooperatives. Well, interest rates are usually higher than the banks but loan is processed in one day and you do not have to do a lot of paper works

 

[Stardom22]

I usually enrolled on a certain micro finance that really helps me with the short term loans.

 

[Fidelia]

I get short term loans from microfinance banks. They allow Mr to borrow minimal amount for 3 to 4 months.

 

[Shavkat]

I only tried to have a short-term loan from a local e-wallet. I will pay it for 6 months.

 

[Passiveearner]

I only tried to have a short-term loan from a local e-wallet. I will pay it for 6 months.

I never obtain loans from financial organizations. They charge interest and I really hate it. Interest money damages economy in the long run. This is why I obtain short-term loans from my family members.

 

[Shavkat]

I never obtain loans from financial organizations. They charge interest and I really hate it. Interest money damages economy in the long run. This is why I obtain short-term loans from my family members.

I do agree that they need to impose interest with the borrowed money. I need to do it because one of my salary payments were delayed.

 

[nomad]

I only tried to have a short-term loan from a local e-wallet. I will pay it for 6 months.

We don't have any e-wallets that offer lending facilities, however, one of the local e-wallets is trying to get approval from central bank for lending facilities.

 

[Shavkat]

We don't have any e-wallets that offer lending facilities, however, one of the local e-wallets is trying to get approval from central bank for lending facilities.

Oh, I see. I also have not tried the local banks if they have this kind of offer online. Although I am grateful that I was able to do it.

 

[Hate2Wait]

If the amount is not so big then you can even take help from the different apps like Paytm, Gpay and even PNB

 

[fcbetting]

In my country you get it on ATM in middle of night if you want but those have bigger interests and I would not recomend it. Some people take 10 000 euros and pay over 13 000 back.

 

[IB D]

I get short term loans from friends and family members. I don't use any financial institution for short term loans because of too much interests.

 

[fcbetting]

I get short term loans from friends and family members.

What if they don't want you borrow money or you don't return it back on time? What would happend and would it affect on your relationship with them?