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Medical Loan in Chennai

Qbera Instant Medical Loan
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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%.

Medical Loan in Chennai

Unfortunately, getting sick and going to the hospital for some kind of medical treatment is unavoidable no matter how healthy you are. It’s just a matter of time before you or your loved one will need some kind of medical procedure. 

There are so many hospitals sprouting up in Chennai each year, and that is great news as more people are getting the medical attention they need. However, no matter how many hospitals come up, medical procedures are still very expensive and when you are in a medical emergency it may be difficult to pull out the required cash from thin air. Even if you have saved some money, it may not always be enough for certain treatments.

A lot of companies provide medical insurance for their employees and some people take medical insurance independently. Medical insurance is one of the options that you can rely on at such times but the coverage that they give is limited and it comes with a lot of conditions that must be met. Here are some of those conditions: 


  • Pre-existing conditions are not covered
    If you have a pre-existing health condition when you take a medical insurance, be warned that most insurance companies will not cover the expenses that are related to it as well as any complications which arise from it.
  • Post-hospitalization expenses are not covered
    Once you have a medical treatment, you will usually need follow-ups and medicines for complete recovery. However, most medical insurance schemes do not cover these post-hospitalization charges.
  • Diagnostic tests are not covered
    You may need to go through certain diagnostic tests before your doctor gives you a diagnosis. These tests could end up costing you a lot of money and your insurance company will probably not cover this in your policy.
  • Reimbursement period
    Depending on what your diagnosis is, most medical insurance policy companies will require you to complete a waiting period before you can make a claim. This could be between one to 48 months which means that you will have to pay out of your own pocket initially, and it will be reimbursed later on.
  • Special procedures are not covered
    The diseases and procedures that are covered in most insurance policies are very limited. Psychiatric treatments, dental treatments, prosthetics, cosmetic surgeries, sexually transmitted diseases, IVF treatment, pregnancy or childbirth related expenses and many other treatments are not covered in most medical insurance policies.


If you think that medical insurance is not for you, you should consider taking a medical loan instead. There are many options for medical loans available in Chennai and Qbera’s medical loan is definitely one of the best because of how easily they can be availed and also because of the competitive rates that they are given at. Here are some of the key highlights you should know:

  • Quick Disbursal
    When you apply for a personal loan in the event of an emergency, the most important thing that you would look for is how quickly you can get the money. When you apply for a medical personal loan from us, you are assured that you will get the amount needed in just a day.
  • Easy application with minimal paperwork
    If you choose us to finance your medical emergency, you can be sure that you will not need to break your head over the application process. Simply log onto to our website, fill in the straightforward application form (which takes just about 5 minutes) and upload your bank statements. You could get the medical loan application and the amount in your account in just a day.
  • Simple approval
    Unlike most banks which will only approve loans if you are an employee of certain companies, We are more accommodative and will accept applications from employees of most start-ups as well. Applicants are just expected to be employed and earning Rs. 20,000 or above to be eligible for a personal loan from us.
  • One day approval
    Application, approval and disbursement of your funding can be done in just a day!
  • Easy repayment
    The whole point of getting a personal loan is so that you get a large sum at short notice and then pay the amount back in small, bearable sums. You can choose the repayment period of up to 3 years and we will send you reminders so that you can keep a track of your finances, making your repayment simple.
  • Get Medical loan up to ₹10 lakh:
    When you or your loved one is unwell, there will be a lot of things that you must pay for including hospital stay, x-rays, scans, medicines, meals and so much more. You may not be prepared for such an expense which is why we will finance all of the expenses with one lump sum up to ₹10Lakh of Personal Loan.
  • Cheaper than credit card
    In case you had to make a large payment for your medical bills using your credit card, you can pay off that amount by taking a loan from Qbera because the charges on credit card would be higher.
  • No collateral
    You will not have to put up your home or other valuables as collateral when you take a medical loan from us
  • Don’t depend on anyone
    You can stand on your own feet even when you are in need of a lot of money when you go for medical loan financing from us.
  • Interest Rate of Personal Loan
    The competitive interest rates that we offer you are on par with the current market rates (between 14-24%).
  • Fees and other charges
    The fees and charges charged by us is one of the best in the market. The processing fee is just 2-3% (will be based on the amount borrowed). Other charges like late prepayment charges, payment fees, ECS/cheque bounce charges and special service request charges are as per the RBL norms.
  • 24x7 support available
    When you take a personal loan from us it means that we are committing to support you the way you deserve. We are available 24x7 to help answer any queries that you may have while making your decision and long after. Our staff can be reached via whatsapp at +91 89719 28484, by chat on the website or you can email us.


Obtaining a medical loan from us is as easy as purchasing a pair of shades. 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

Qbera may be able to help when you need it the most. Apply now for a smart hassle-free loan in Chennai

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:

  • Paperless application
  • Instant lending decision
  • Digital verification of income, employment and residence
  • Disbursement of loan within 24-48 hours

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:

  • Must be a salaried employee.
  • Age must be between 23-55 years.
  • Net monthly income must be Rs. 20,000 or more.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai or Hyderabad.

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:

  • Aadhar 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 Aadhar card)
  • Passport size photo

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.

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
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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