Instant Loan in Chennai

Get an instant loan in Chennai from Qbera at affordable interest rates starting at 11.99% p.a. Instant Loans are now a reality! If you have an emergency and need urgent funds, apply with Qbera and get your loan within 24 hours! No collateral required for instant personal loans from Qbera!

Instant Loans In Chennai - what do you need to know about them?

Instant Loans, as the name goes, are loans that technically reach your bank account within 24 hours-48 hours, after you've received initial approval. Note that instant approval is received based on your credit report and the lender's assessment of the risk quotient in your profile. Parameters like your credit score, repayment history, and debt to income ratio, among other parameters, are taken into account before evaluating the element of risk. 

Lenders like Qbera employ risk-based pricing models to provide individuals with unique, customized loan offers. Under the risk-based pricing model, the element of risk is calculated based on the estimated probability that a customer will default, and the interest rate and approved loan amounts for individual profiles are determined accordingly. This means that different individuals will be provided credit at different rates, altering the cost of borrowing based on the calculation of risk for each individual profile. High-risk individuals will automatically be provided with higher interest rates, as the estimated probability of default is high, and higher rates will help banks cover their risk of lending. 

Applying for an instant loan from Qbera? Here are some things that you should be aware of

• You can know the amount you're eligible for by using the Qbera online EMI calculator by adjusting the income and monthly repayment slides. 
• Interest rates on loans from Qbera start from 11.99% p.a. and stretch up to 24% p.a. 
• Individuals with a minimum credit score of 575 and a minimum income of Rs. 20,000 per month can apply for instant personal loans from Qbers. 
• Applicants staying in shared accommodations, as well as those employed with unlisted companies,  can qualify for instant online loans from Qbera. Qbera is currently serving the needs of employees of over 7,00,000 companies in India.

So? Want a private personal loan in Chennai, well, Qbera can be your answer.