Qbera Open Nav
Simple . Fast . Secure

Credit Card Refinancing

Refinancing Loans Bangalore!
Apply now!
Choose your employment status to find the Qbera Loan that’s best for you!
I am Salaried (I currently work for a Private Ltd, Public Ltd, Govt., LLP)
I am Salaried (I currently work for a Proprietorship, Partnership Firm)
I am Self Employed (I have my own business)
I am Currently Not Employed
Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Credit Card Refinancing in Bangalore


Refinancing means to revise a payment schedule to settle an existing debt. In short, your old mortgage is recompensed and switched with a new loan with lesser interest rates and features more attractive than the previous one; you end up paying less. Here, you are basically extending the tenure. Even with added fees and penalties, you won’t need to shell out as much as you do for the original finance. Does that make sense? 

Financial needs and situations undergo constant change. Trends come and go. Being constantly on the lookout for favorable marketing fluctuations in the niche helps you figure out a lucrative way to settle your loan. Do a basic estimate to see if it is worth the effort before going ahead with this plan. Refinancing is a way of moving your loan or debt from one bank to another, further prolonging the maturity date. It’s quite a simple process: 

You have an outstanding loan  You opt for a new loan with better features, lower interest and fees and more flexible tenure  You settle the old mortgage with this new one  You’re left with a loan with lesser interest (and hence lesser EMIs). 


Utilized prudently, credit cards can be a highly potent means of payments. Many a credit card user is a master at keeping an eye on the market trends and manipulating the hacks, offers and rewards (5 percent cashback for instance). They end up not having to spend on movie tickets and getting insane rebates in supermarkets among others. These people literally get paid to spend. Credit card refinancing is one such favorite trend, which you can adopt and reap unexpected benefits. 

Debt scorches like fire, if you are not careful. Please understand that credit cards are not meant for filling chasm in income. Sooner or later, you will get carried away and BAM! If you feel that you are heading to a pitfall, now is the time to refinance your credit card. Refinancing, to put it simply, is the same as getting money from Sharma to pay Malhotra; only Sharma takes less interest. And it makes perfect sense if you merge all your credit cards at a relatively lesser rate of interest and then pay off the dues. Do not forget to check and compare the service charges and other fees before jumping right into this. 


They do not think twice before spending or committing beyond means: We are constantly bombarded with amazing offers, throwaway prices and unbelievable discounts wherever you go. Not all of us possess the strong will to introspect, prioritize and resist, if necessary. Out comes the credit card and in one swipe, they are further down the debt pit. 

They will always keep investment for the elusive ‘tomorrow’: A classic credit card borrowers thoughts on investment go like – ‘Let me enjoy my money today.’ ‘I will save later.’ ‘I am young- still have plenty of time’ and so on. They will not have an emergency fund in case of contingencies like health problems or job loss. They are quick to turn to ~~~Baba Credit Card~~~. 

They don’t discriminate when swiping: ‘I already have some dues. A bit more won’t make much difference, right?’ Wrong! Little drops of water make a mighty ocean and all that. You get the gist? You need to start doing away with the existing dues first before thinking of financial planning. Let’s try and get that CIBIL score to a respectable number first, shall we? So next time, you see a designer wear or gadget you don’t need but must have, remember this. 


You might have paid for that expensive vehicle repair with your credit card. It might have been your last resort when you wanted to shop for furniture for your new home, pay towards your child’s day care fees or enroll for a professional course. Personal outlays such as a holiday or wedding or medical treatment can also result in more swipes than you had planned. You feel it might soon spiral out of control if not already. What now? 

Most organizations give employees the choice of a credit card. When you just begin your career with little to no savings and expenditures are (have to be) limited to monthly income, credit cards along with their limitless perks draws you like moth to flame. Some also focus on building a strong CIBIL score. Using one or more credit card is a different ball game. Like mentioned before, if you know how to play and make the best use of offers, cashbacks and discounts, well and good. For the rest, it piles up sneakily and end up as a Damocles sword overhead. This is especially true for millennials who are quick to fall to such baits. 


Recent statistics released by RBI shows credit card dues close to INR 42,100 Cr in the last fiscal (as on May 2016). This is indeed a grave state of affairs because the yearly interest accrued on credit card dues vary between 36% and 48%. Isn’t this a hefty price to shell out, be it for shopping or emergency? 

It is funny how people have no qualms about having long chats about everything under the sun including weight loss regimes, kids’ studies, spouses’ cooking skills, projects, favorite apps, Instagram posts, holidays and what not. You mention the topic of personal finance, especially credit card debts, and most avert eyes and the atmosphere becomes thick with silence. 

Yes, we are hesitant to reveal how much we earn, save and/or borrow. Nobody admits it; but money is the leading cause of stress. So unless you are hoping for a windfall from an aging relative (who almost certainly never discussed money matters either), keeping yourself from sinking in dues is up to you. And credit card refinancing with a personal mortgage is a great game plan. 

This is great news for those in the primary stages of their career with a lot of prospective hikes and promotions. Truly, you can save thousands a month this way. Think of the possibilities - it could mean more savings, more money to indulge and so on. Luckily, it takes only a few minute to apply for a personal loan via Qbera (less time than ordering a takeaway). 


  • Do the basic math, it can go a long way
    Just because it worked for your friend doesn’t mean you will reap the same benefits by refinancing. Do not hesitate to get help from the Qbera representative to figure out how much you will be able to save by taking this step and whether it is the right move for you at that juncture.
  • Add the charges and compare it to the outcome
    Get the numbers right and find out more about the fees and charges (processing charges, switching charges, service fees and others). Given the high interest rates for credit cards, it is likely that you will still save a lot despite these fees. However, it is better to stay informed.
  • Watch out for surprises
    Qbera assures you that it follows a transparent system and you will only get pleasant surprises. Yet, we request you to freely ask questions (including the hard ones) and give your stress levels a break.
  • Be prepared for our verification process
    Qbera’s verification procedure might be quick, but no less stringent as we are helping you avail unsecured personal finance in record time. Your bank statements, CIBIL score and employment are the basic parameters and you can expect queries related to those.
  • Wait before closing all your accounts
    Do not close all your accounts after refinancing and clearing your credit card bills, please. It can pull down your CIBIL scores. If you must, wait for a few weeks/months and then close them off one by one with considerable intervals.


When you are already bogged down by backbreaking credit card dues, it is virtually impossible to find a loan. But if you are salaried, that’s all Qbera needs to get you adequate funds starting from ₹25,000 and up to ₹10,00,000. And what’s more, you will get it credited to your account the very next day. 

Availing a personal loan via Qbera to refinance your consolidated credit card mortgages is a sensible step. You get rid of all your credit card debts in one swift move. Personal loan interest rates are way less than that of credit cards and it becomes easier for you clear it. You don’t invite whopping interest rates or default on repayments. Credit card refinancing is usually recommended to those who have taken financial backing from multiple credit cards and have decided to merge them all. Clearing away all these debts can get your CIBIL score a notch up. 

It is normal to lose track of due dates for EMIs. With just one personal loan EMI (with reminders from Qbera, of course) to worry about, it is easy to stick to a schedule and better your financial discipline. 

And the interest rates we charge for a personal unsecured finance to refinance your credit card loan(s) are on par with the current market rates. 


Qbera application procedure takes the words ‘easy’, ‘quick’ ‘simple’ and ‘hassle-free’ among others to a new level. Given below are 5 steps to get it done the Qbera way.

  • Just log on to Qbera.com and fill in the application form (it barely takes 5 minutes)
  • Upload your bank statement on the website
  • Qbera gives you an offer within 4 hours
  • Our representative will come and collect the documents
  • Money transferred to your account in less than 24 hours


The minimum loan amount you must apply for refinancing is ₹25,000. You can avail up to ₹10,00,000. When you are in dire need of cash, options are usually few and far between. Qbera aims to bring a revolutionary change in this and offer an easy, secure and transparent platform to borrow money from. 


Qbera charges a processing fee that range from 2% to 3%, based on the amount borrowed to refinance the cash card. Prepayment charges, late payment fees, ECS/cheque bounce charges and special service requests will be levied as per the RBL norms. 


APR commences from 11.99% but no more than 24%. 


When Qbera agrees to provide you a personal loan to close off an existing loan, it is called balance of transfer and that particular loan will not be counted when gauging debt-to-income margin and eligibility. However, in case of credit card refinancing, it is not the same. This is because the applicant can always swipe again and stack up debts. 


RBL Bank Limited (previously went by the name The Ratnakar Bank Ltd) is a scheduled commercial bank based in Maharashtra. With more than seven decades in the finance niche, RBL is one of the oldest (read reputed) private lenders in the country. 

Today, it serves a customer base close to two million across India, offering unimaginable number of financial products and services. RBL’s growth from a regional bank in a small town in Maharashtra over the years is commendable with numerous accolades and recognitions such as Global Growth Company tag by World Economic Forum in its kitty. 

Qbera is proud to partner with RBL in providing all-purpose personal loans to salaried people and is hopeful that the journey will be a long and fruitful one. 

1. What is the tenure of a personal loan from Qbera?

The loan tenure at Qbera is a flexible one and it ranges from 1 to 5 years (12 to 60 months).

2. What is an EMI?

It is the fixed amount that a borrower pays to the lender on a particular date every month. An EMI includes the principal and interest charged on a loan.

3. What is the minimum and maximum loan amount that I can get from Qbera?

The loan amount ranges between Rs. 25,000 to Rs. 10 Lacs.

4. What is unique about Qbera?

Our technology and lending partnership allow us to offer a world-class experience to our borrowers:

  • Paperless application
  • Instant lending decision
  • Digital verification of income, employment and residence
  • Disbursement of loan within 24-48 hours

Our CIBIL score cut-off is 625 and we can give loans to employees of more than 9 lac companies in India. Now you don’t have to get rejected by banks just because they have not analyzed and categorized your employer.

5. What should be my age to apply for a loan with Qbera?

You must be at least 23 years old to apply for a loan.

6. What should be my minimum salary to get a loan?

Your net monthly income must be Rs. 20,000 or more.

7. What should be my CIBIL score cut-off for a personal loan?

Our CIBIL score cut-off is 625 (V2 score).

8. What is the rate of interest charged on a personal loan?

Rate of interest depends on a borrower’s income, CIBIL score, employer, age etc. Qbera collects information from your application form and various other data sources to create a personalized loan offer for you. Our interest rates start at 11.99%.

9. What is the eligibility criteria to get a loan from Qbera?

To get a loan from Qbera, a borrower should meet the following eligibility criteria:

  • Must be a salaried employee.
  • Age must be between 23-55 years.
  • Net monthly income must be Rs. 20,000 or more.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai or Hyderabad.

10. How do I apply for a loan online?

To apply for a loan online, click here. For queries, please Whatsapp us on +91 89719 28484.

11. What are the documents required to get a loan from Qbera?

The following documents would be required after your loan is digitally approved:

  • Aadhar Card
  • PAN Card
  • 4 cheques from your salary account
  • Current address proof
  • Permanent address proof (in case the permanent address is different from the address on Aadhar card)
  • Passport size photo

12. What is the processing fee charged on a personal loan by Qbera?

The processing fee ranges between 2% - 4%.

13. How can I repay my loan?

Qbera provides easy repayment of its smart loans through automatic debit of EMIs via NACH mandate.

14. Why was my loan application rejected at Qbera?

Although we have one of the best approval rates in the industry, we may have to reject some applications if they do not meet our basic qualification criteria. You can re-apply after 3 months in case you think that your credit profile has improved.

15. Can I re-apply for a loan?

Qbera requires you to wait for at least 3 months before re-applying for a personal loan.

16. How much time does Qbera take to process a loan application?

It will not take more than 10 minutes to fill up your online application form. Our technology allows us to disburse the approved loan amount within 24-48 hours.

17. Is part/prepayment allowed on my personal loan?

We do not allow part-payments. However, you can prepay your loan after completing 1 year of repayment. (Foreclosure charges: 5% + GST applicable).

18. Do I need to submit any collateral to get a personal loan from Qbera?

All personal loans offered by Qbera are unsecured. Hence, you need not submit any assets or property to secure a loan.

Interest Rate & Other Charges

Interest Rate
11.99% to 35.99%
Processing Fee
1% to 5% of total loan amount
Loan Amount
₹1,00,000 to ₹15,00,000
Loan Tenure
12 to 60 months
Getting a Qbera Smart Loan is Simple
Fill out our online application form
Step 1: Online Application Form
Get approved instantly
Fill out our online application form by answering a few questions about yourself, your employment, your education, expenses and needs. This process would take no longer than 10 minutes.
Connect your Bank Account
Step 2: Connect bank account
Submit your bank statements
Connect securely to your bank via netbanking and submit bank statements as part of the easy loan application form. Alternatively, you can upload bank generated pdf bank statements.
Select your loan term
Step 3: Loan term
Choose your Loan Term
Using our proprietary Credit Scoring Algorithm we determine your loan eligibility in real-time. Our algorithm uses the information about you, to determine your future potential and help you get the best rate instantly.
You’re done! Get the money in your Bank Account as early as tomorrow.
Example: A loan offer of ₹2 lac, for a tenure of 3 years at an interest Rate of 16.6% (on a reducing principal) and a processing fee of 2.5%. Translates to:
  1. Processing Fee deduction of ₹5000 (2.5% of 2 Lacs) from loan amount, thus, the amount credited to your account will be ₹1.95 Lacs
  2. EMI of ₹7091 per month
  3. Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
  4. Total Interest paid in 3 years = ₹55,276, hence, annual interest paid = ₹18,425 (which translates to an effective flat annual rate of interest of 9.21%)
Repaying a Qbera Smart Loan is just as Simple
Repay your loan with automatic EMI payments.
  • Age: 21-57 years old
  • Net Monthly Income must be more than Rs. 18,000.
  • No defaults in the last 24 months.
  • Aadhaar Card
  • PAN Card
  • Current Address Proof


"I am really happy that I got a loan from Qbera. My application has been rejected by lenders in the past without giving any explanation for rejection. Qbera approved my loan with minimum documents. Thanks a lot once again."



"I would like to thank Qbera for speedy loan processing. I was having a tough time in deciding which bank would actually take my request for a loan as the loan was supposed to be for credit card payoff. I was forced to use my credit card for an unforeseen expense which I could not avoid and was finding it tough to pay back due to the high interest cost on credit cards. I did not want to make many enquiries as many requests can lower the CIBIL score. I contacted Qbera on a Monday and by evening itself they had an offer for me. They kept me informed through every step of the process and were also flexible with regards to my commitments. In the end, the loan was disbursed within two days of documents submission. Thank you Qbera for simplifying the process and helping me find a loan. " Show more...



"It was a nice experience with Qbera. I have never seen such an easy process for getting a loan, especially when you need it the most. Thank you Qbera for your support."



"I had a hassle-free experience with Qbera. It was a very easy application procedure and in a short span of 3 days I got my loan credited to my account. Thank you so much for the support Team Qbera"



"It was very easy to get a loan from Qbera. I just applied on their website and got a confirmed offer immediately. The amount was transferred soon after. Will give it 5 out of 5"



"It's good and quick response from the Qbera team to get the loan. They are very good at the communicating the things properly and appropriately"

Are you ready to get your Qbera Smart Loan?
Apply Now


Powered by InCred

We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

* Subject to Risk Profile

Need Help?
Contact our support team via WhatsApp by clicking below:

E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 72080 56906
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

© 2021 Qbera | All Rights Reserved