Chennai is one of the biggest cultural, educational and economic centers in south India. It is also the fourth most populous agglomeration in India which explains the presence of a large number of households here. Tidel Park, one of the largest IT Park in Asia is situated here, the presence of young IT professionals here just cannot be wished away. The need for instant credit has never been more than in the recent times. Owing to an increased demand for private finance in Chennai, a number of Fintech companies today offer instant personal loans to individuals in Chennai.
But if you are faced with a financial shortage for your business or personal need, who do you turn to? Is it wise to opt for private finance against cheque in Chennai? Personal loans are quick hard cash that are given out to individuals without any the necessity of requiring collateral. These loans are given out against a cheque usually by private lenders in the traditional lending market set up.
Taking a personal loan from banks and NBFCs are the best way to tide over financial shortfalls. However, in case of emergency, Banks and NBFC s do take time to disburse the loan. They also have stringent parameters that may not allow you to get the desired amount on time. A loan from a Fintech company like Qbera is the best solution when in urgent need rather than a private finance against cheque.
Qbera gives out instant personal loans to salaried individuals with a net take-home salary of Rs. 20,000 per month. Being unsecured loans, there is an emphasis on the CIBIL score of the applicant, however, a sub-prime score of 600 is also considered. This is made possible with the advanced algorithms used by them that calculate the individual's creditworthiness based on the socio-economic preferences and willingness to pay. The age group preferred is 23-55 and the loan tenure ranges from 6 months to 60 months. These cash loans are quite flexible and can be used any way you wish. These instant personal loans can be used to finance the marriage, education, second-hand car or medical bills. It can be used to upgrade and renovate your home or go on a dream vacation. It can also be used to simply consolidate your debt.
Most of the process is online, the application form and bank statements can be submitted online using secured net banking. However, a few physical documents like PAN card and Aadhar card as well as cheque leaves from your salary account are to be presented. It is easier for the financial company to recover the amount in case of non- payment after presenting the cheque, which is why cheque is still a part of the loan documentation.
||11.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 months
"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 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"