Qbera Open Nav

Instant Cash Loan in 1 hour in Chennai

Get Quick cash loans in Chennai
Get my loan offer!
It only takes 2 minutes
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%.

Instant Cash Loan in 1 hour in Chennai

Located on the coromandel coast on the Bay of Bengal, the lively metropolis of Chennai is one of the largest technical centres in the country. Chennai is home to several large-scale IT and Non-IT companies. Being a metropolitan city and an established IT centre, Chennai is seeing many new households settle in. The young entrants into this ancient and traditional city sometimes face the daunting task of setting up their new abode in the new city. This relocation takes not just efforts but instant cash as well. Now, who does one approach for Instant cash loans in a new city? To fill this vacuum, Fintech companies like Qbera are providing Instant cash loans in 1 hour in Chennai.

Instant Cash Loan in 1 hour in Chennai – What you should know

The instant cash loan in 1 hour in Chennai is nothing but an instant personal loan, meaning the money will reach beneficiary accounts almost instantly after final approval is receivedThese instant loans are like the boon from above as they do not require any collaterals to be pledged. This does make it high risk for the lender, however, lenders like Qbera use risk-based pricing models to ascertain the creditworthiness of an individual. They used advanced algorithms to estimate the risk of lending to particular customers and the process is fast. So, you can actually be surprised on seeing Instant cash loans in 1 hour in Chennai in your bank account, ready for it to be used as you wish.  

There is no restriction in the end usage of the amount. Which simply put, means that whatever your cash need, you can go ahead and use this instant personal loan. You can pay your medical bills, redo your home, pay the deposit for your rented accommodation, finance your marriage or education or simply go on a weekend vacation. All of this without the need to answer your parents or banks about the end usage of the amount. Many banks and NBFC s may reject your loan application simply because you are currently in a shared accommodation or are employed by a company that is not listed with them. Qbera however, does not reject applications just because the residence type is “shared”.

Qbera provides instant cash loans even if you are in shared accommodation and is offering online personal loans to individuals of over 7,00,000 companies in India. So you can be rest assured that there is a big probability of your loan being approved.

You can apply for an instant cash loan in 1 hour in Chennai now within the range of Rs.50, 000 to Rs.25, 00,000.  The annual percentage rate of interest (APR) ranges from 11.99% to 35.99% and the tenure from 12 to 60 months. The Administration fee range is 1% to 5%.  The eligibility criteria are simple too. If you are a salaried individual with a monthly net take-home salary of Rs. 20,000/- and fall in the age bracket of 23-55 you are eligible for the loan. Another important factor is the CIBIL score - you are considered even if it’s as low as 575. There is minimal documentation too-

  1. Aadhaar Card
  2. PAN Card
  3. Proof of address
  4. Salary and income documents
  5. Photographs
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"

Are you ready to get your Qbera Smart Loan?
Select your employment type to proceed.
Self-Employed
Salaried

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?
Contact our support team via WhatsApp by clicking below:
whatsapp

E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 89719 28484
Address:
1st Floor, Wolfpack Workspaces,
#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

© 2018 Qbera | All Rights Reserved