“Beta, shaadi kab karega?” is one question everybody who hasn’t got hitched yet experiences on a daily basis. Undoubtedly. And when the D-day is around the corner, you suddenly spot the elephant in the room - the every expenditure associated with marriage. The costs related to tying the knot is sky-high. You only have to put the word ‘wedding’ or ‘marriage’ as a prefix to anything, be it wedding saree/kurta, wedding shoes, flowers, napkins and whatnot, and see how the price escalates drastically.
Indian nuptial ceremonies and huge price tags are like Siamese twins. Venue for the event, wedding dress, jewelry, catering, rituals, and honeymoon… the list is endless. The important thing to keep in mind is to borrow only what you can pay back and not a penny more. Wedding loans save the day as a feasible choice as running up your credit card can cost you absurd sum (as interest), which is evidently a financially crippling choice. But marriage mortgage paves way for a spectacular yet hassle-free function(s). When planning and organizing your nuptials, working out a budget (and doing your best to stick to it) can be overwhelming to say the least. Striking a balance between your own fantasies and the pragmatism of your family without completely overruling the expectations of your future in-laws’ will definitely put you in a bit of a situation. Denial, negotiation, compromise, stress, anxiety and what more. Hence yes, a wedding loan in need is a loan indeed!
While marriage ceremonies can be dreamlike and thrilling for everybody involved, they can also be exceedingly pricey. Even if you have managed to save up quite a bit for your Dream Wedding, the temptation to take a personal loan to take away the added stress is common. It’s totally justified and we salute you for taking that decision to take or share the financial responsibility for your marriage or at least share the load with your parents. A toast to that!
Now personal finance are obviously not easy to avail, at least not for everyone. Banks make the specifications and eligibility criteria quite tough since they are unsecured loans and stakes are more. Of course, you do not want the additional pressure of running around for mortgage when you have hundred things to do and thousand people to keep happy. Enters Qbera Credit Exchange, where you can apply for a marriage loan up to ₹10,00,000.
Did you know that an average Indian parent(s) spend more than 30 percent of their life’s savings on their child’s wedding even in this age? And don’t most of us feel entitled?
To put it bluntly, ‘Entitlement’ is not exactly a pretty concept. Times, they are changing and couples these days are well in touch with their monetary realities of their times. Pension or monthly income from investments take care of the living expenses. Hence breaking an FD or Fund or selling a property to fund your marriage can be backbreaking for most parents. Yet it is too much to expect a young couple to pool enough money to have a stunning wedding just a few years into working. Voila Marriage Loans!
As the matrimony business becomes more and more lavish and urbane, so are the financing choices. Now you can have your cake and relish it as well – your wedding cake that is.
Marriage may or may not be attended by hundreds of people. But folks, please keep in mind that a celebration of the day is mostly (if not all) about you and your significant other. You are free to tie the knot sans much expense too. Some people think ‘it’s just one day’ and go all out. Some couples split up the expenses. To each their own.
So the answer is completely dependent on your situation and what you want. If you face a stringent need for finance, but do not own or want to pledge any asset, marriage loan is a good choice. Taking a personal loan is a better choice than using your credit card for obvious reasons. Also take into consideration your salary, your other obligations like outstanding loans, EMIs and other expenses. And please do make sure that you can honor the commitment. Failing to pay back the money will not only dip your CIBIL score dramatically, but may also get you into trouble with the law.
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.
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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