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Cash Loan in Chennai

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Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 10.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Cash Loan in Chennai

Chennai is known as the second largest exporter of IT and BPO services in India. With Tidel park in Chennai being one of the largest IT parks in Asia, there are many software companies with offices here and who employ many employees not just from Tamil Nadu but from all corners of the country. Not just IT professionals, there are people from all walks of life who has made this city their home. With living in a new city and in different cultural environments comes a lot of insecurities and challenges. With enough financial backing, taking care of such challenges become doable if not easy. Youngsters today pride themselves in being independent and do not prefer to depend on their parents for financial help. Cash loans in Chennai are helping such independent individuals find their footing in new environments. Are you looking for a cash loan in Chennai? Well, Qbera definitely has one for you!

The first question is how to avail the benefits of this instant loan in Chennai and what all formalities and hidden clauses have to be taken into consideration. Almost all banks, NBFC s and Fintech companies now offer personal loans to individuals. Yes, cash loans are similar to personal loans and are unsecured loans. One of the basic advantages of opting for this kind of loan is that no collateral needs to be pledged. None of your assets are under the scanner so, it becomes easier to opt for this kind of loan. With the requirement of an asset and a guarantor eliminated, the youth feels the responsibility of taking out the loan purely on the basis of their salary, which further fuels them towards being independent.

Another factor is that there is no capping on the end use of these instant personal loansThe amount can be used to finance a long dreamt vacation for self or family or to plan for that wedding that you have always dreamt of. The amount can be used to renovate your home, upgrade your appliances or even to buy a second hand car or bike in the new city. You can also go ahead and fund your further education with this instant cash loan. You don’t even have to depend on your parents in case of emergency hospitalization as well, the funds can be directed to pay your medical bills as well. The true essence of being independent is when all aspects of your life are managed and funded by you.  The presence of a cash loan in Chennai is facilitating just that.

These loans are truly instant, the whole process of checking for eligibility takes a couple of minutes and after documents submission and other internal verifications, your loan is directly disbursed to your account in as less as 24 hours. With a decent CIBIL score, you can also negotiate on the interest rate being charged. Even if your CIBIL score is marginally less – say 575 instead of the 750 that most banks ask for, you can always approach Fintech companies like Qbera who does consider your application.

View a complete list of our FAQs at our help center
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.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai, Hyderabad, Jaipur, Ahmedabad or Kolkata.
  • Aadhaar 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 Aadhaar card)
Pradeep

Pradeep

"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."

Shekhar

Shekhar

"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...

Syed

Syed

"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."

Anish

Anish

"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"

Arun

Arun

"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"

Bhaskar

Bhaskar

"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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QBERA

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

Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 10.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

* Subject to Risk Profile

Need Help?
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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 89719 28484
Address:
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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