A medical emergency can strike any time. Most people are not equipped and have to face a lot of difficulty when faced with such a situation. Health insurance is a generally considered to be a solution, however latest statistics show that more than 80% of Indians don’t have any form of coverage. Even amongst the rich the penetration is just about 34%.
Though the government has played its part by incentivized tax paying individuals by giving a tax break of upto Rs. 55,000 under Section 80D of the Income Tax Act; but these measures have proved insufficient to increase the penetration of health insurance in the country.
As most policies are purchased by employers for their employees the coverage amount is minimal and is limited to the immediate family (parents are not covered).
There are other issues with health insurance such as:
In case you have an existing condition it will not be covered under the scheme. Any complication arising out of that pre-existing condition will not be covered either.
In order to treat any disease doctors usually prescribe a host of diagnostic tests. The costs of diagnostics can go as high up to 40% of the total medical cost which the patient will have to bear at his own expense.
Waiting period before a claim can be made - Most policies have a minimum waiting period of 1 month which can go upto 48 months for specific diseases. One cannot post a claim for treatment unless the waiting period has been crossed.
Special procedures not covered - Dental treatments, cosmetic surgeries, IVF treatment, pregnancy or childbirth related expenses, prosthetics, psychiatric treatments and many other procedures are not covered.
Medical treatment generally does not finish when a patient leaves the hospital. Repeat visits to the doctor which are generally required post discharge are not covered.
In case one did not opt for the cashless facility / it is not available at the health care centre the patient needs to pay out of one’s own pocket and then claim the expenses. The reimbursement period can stretch upto a month after submitting the documents and filling out tons of paperwork.
Invariably one needs to shell out money from their own pocket in case of an emergency or for a procedure not covered by medical insurance. Very few people have the required amount of cash ready at hand and the majority of us have to look for other sources of raising the funds. Friends and family may be of limited help and visiting a bank branch is not really feasible considering the scenario.
We at Qbera understand that such situations can arise unexpectedly and that you would need help in this difficult time. That is why we have made it very easy to access funds through our medical loans.
Just log on to Qbera.com and fill in the application form (It just 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
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:
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:
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:
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.
||11.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 months
"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 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"
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A loan can get you and your loved ones the comfort of a car and security of a home, and many other things. But your real responsibility begins only after taking the loan.