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Education Loan in Chennai

Qbera Quick Educations Loans!
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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%.

Education Loan in Chennai

Having a good education, in most cases, can be the main deciding factor for an individual to have a successful future. Education is the key when it comes to having an open mind and having opportunities knock on your doorstep. Unfortunately a good percentage of India is still unable to receive even basic education. Even those of us who are above the poverty line may find it difficult to finance education from a good school or college.

Parents want to send their children to the best institutions for them to have a fighting chance in the future. Those who study in great colleges and universities will also have many more options at being employed at the best companies. School and college fees are increasing exponentially, especially the really popular ones. So how do you as an average earner afford to send your child to the best institutions and thus let them achieve great things? Education loans, namely Qbera’s education loans, are a great option because you can get it easily and in a lump sum so that you can pay off the fees in one shot. Our personal loans are offered at competitive rates, and with flexible terms making it your ‘one-stop shop’ for financing all your needs.

What many of us fail to understand is that education is a lifelong process and we must simply stop learning with a bachelors or masters. We must challenge ourselves with new ideas to not only keep our minds sharp but also to stay up to date with an ever-changing world. This is vital for your career as well. There are multiple ways that you can get these additional knowledge and certifications. There are unlimited numbers of courses available online; you simply have to pick what you are interested in and maybe what will be beneficial for your career. There are numerous weekend-classes, specialized courses, evening classes, short courses etc. that you can benefit from even if you are not a full-time student.

Qbera offers the unique opportunity to finance your education (like the part-time courses that are mentioned above), and also full-time courses (Bachelors, Masters, Doctorates, etc.) and school as well. You can choose the amount that you would like to loan and also the period that you would like to repay it in. You will be getting the money to your account unlike banks which will pay directly to the institution on your behalf.

Just like any other unsecured loan, with our education loan, repayment of the personal loan from Qbera must begin from the month following when you received the amount. This means that the education loan that we offer is meant either for parents wishing to fund their child’s education or an employed individual wishing to broaden their knowledge by registering in a part-time course. 


  • Simple approval
    Money should not come in between you and your dreams. We aim at making borrowing money for something like education as simple as possible. Most banks will only approve applicants if you are an employee of certain companies that are on their limited list of companies. Most start-ups are not included in this list. We are more accommodative; you have a much better chance of being approved for an education loan from us, as long as you are salaried and earning at least Rs. 20,000.
  • One day approval
    Application, approval and disbursement of your funding can be done in just a day!
  • Minimal paperwork
    We want to make life simple for you which means you will only have to deal with minimal paperwork.
  • Complete financing
    Joining any course can come with a lot of different costs such as text books, notebooks, bus fee etc. If you choose our personal loan to fund your education, all of these costs can be covered in a single loan ranging from ₹25,000 up to ₹10,00,000.
  • Stay on top of your finances
    We know that you are bombarded with all kinds of bills each month (phone bill, electricity, credit cards, internet bill and much more). We make sure that you do not pay late fees by sending you reminders for your EMI.
  • Fees and other charges
    The fees and charges that we charge for education loan is on par with the market. The processing fee is a mere 2-3% (this will be based on the amount borrowed). Other charges like late payment fees, prepayment charges, ECS/cheque bounce charges and special service request charges are as per the RBL norms.
  • Complete support available
    When you take a personal loan from us, you have our assurance that we will support you the best possible way. Your queries will surely be answered by our staff within 24 hours. The Qbera staff can be reached via whatsapp at +91 89719 28484, by chat on the website or you can email us.


  • Employed individuals choosing evening or weekend studies
    If you do not have the luxury of someone supporting you while you take up a full-time course, you can choose a part-time course to fit into your schedule. As a self-reliant professional, who would like to study while working, there are many revered universities and centres offering classes that are not full-time. With our education loan you can easily pay the fees up-front in one lump. That means no more hold-up when it comes to your dreams of higher education.
  • Employed individuals who opt for paid online certifications
    Online courses are one of the most convenient ways to gather knowledge. In the comfort of your home, at your time of convenience, you can sign up for a certification programme that will give your career a boost. Such career enhancement courses could give you an edge in your workspace.
  • Those who want to pay for coaching classes (GMAT, Civil Service and other such competitive exams)
    There are couching classes that are rather expensive for competitive exams like GRE, GMAT, medical entrance, civil service exams and more. You could use our education loan for this purpose as well.
  • Those you want to pay children’s school fees
    The best schools in Chennai are known for their excellent education and extra-curricular activities. These schools are also very expensive. However, if you as a parent want your child to benefit from the best in the city, you may need a little help financially. This can be taken care of with a personal loan from Qbera. Simply take out the sum you need and pay back in small parts on a monthly basis.
  • Those who want to pay for children’s higher education
    The expense of college or university can be too much for many parents to handle alone, particularly if the child wants to go abroad for added exposure. Everything from the stay, college fees, to living expenses must be taken on by the parents. Our Education Loan can be a huge relief for those struggling with the expenses of higher education for their children.


Obtaining an Education Loan in Chennai via Qbera is as easy as purchasing a cake. It’s a simple five step process

  • Simply log on to Qbera.com and fill in the loan application form
  • Upload your bank statement on the website.
  • Receive an offer from us within 4 hours
  • A representative will come to you, at your convenience, to collect the documents
  • Within 24 hours, your money will be transferred to your account

Documents Required for Education Loan:

  • Bank Statement
  • Income proof
  • Pan card
  • Aadhar card
  • Address proof
  • One photograph
  • 3 cancelled cheque leaves


  • Should be employed with a minimum salary of Rs. 20,000
  • Should have a minimum credit score of 625
  • Applicants must be between the ages of 23 and 55

View a complete list of our FAQs at our help center

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


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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
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MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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