Saima Iqbal has shifted to Mumbai after completing a 3-month vocational training in fashion design from her hometown. After two months of the typical initial struggle of the ‘new girl in the city’, and several email communications later, she was able to snag a paid internship in a reputed fashion house in the city of dreams. It was not a bed of roses she anticipated, where people would fawn over her designs and be eager to listen to her ideas. The first few weeks were spent fetching tea/coffee for seniors and typing out reports. She didn’t let this bog her down. What really got to her was when she discovered how little she knew about the intricacies of the fashion designing techniques. It seemed that the diploma she had done barely covered the basics of global fashion.
A fellow intern (who came to the same conclusion) suggested signing up for an evening or weekend course in a reputed school of fashion, known for churning out some of the best talents in the industry. She was positive that this course could take her places. The only hitch was the hefty course fee. Saima was not in a position to seek help from family. She just started earning and was barely making INR 25,000 monthly. She couldn’t apply for a conventional education loan as she was working. Saima was in deep dilemma. In the end, she decided to opt for a personal loan. But every lender she approached denied her loan citing different reasons- monthly income, CIBIL Score etc. This is when Qbera came to her rescue.
How many of you have experienced this, or at least know someone who went through a similar situation? There is a general misconception that student loans only exist to fund full-time Bachelor’s or Master’s Programmes. Saima is a part of an increasing number of aspirants who struggle to cement their position in their chosen careers. Like her, many of you find yourselves in similar conditions in this fast-paced world. Education and learning do not end with school or college. It is an on-going affair and it is important that you continue to learn new things, give your brain new challenges and hone your skills.
Today’s job market expects you to be ‘Master of all and Jack of none’, which explains the mushrooming of both online and offline courses for simply everything under the sun. Not all are credible though, and it is up to you to do some thorough investigation about the particular institute before signing up (i.e. paying up) for any educational programme. If the course or institute you choose is not up to the mark, it will not help you professionally at all, which defeats the whole purpose of stretching your already-packed schedule to accommodate an evening/weekend course. So it calls for some smart and informed choices from your side.
It is hardly surprising that a dynamic city like Delhi sees tons of student loan seekers every day. The Silicon Valley of India has a knack of drawing talents from every corner. The number of young professionals opting for some kind of pertinent certification or training programme has also escalated considerably. This is an interesting trend paving way to more people looking for loans in Delhi. The average Indian does not have enough savings to pay the fees upfront. Qbera is an undisguised blessing for those people. While banks usually pay the institute directly on behalf of the student, Qbera gets the money directly to your account. This way, taking out a personal mortgage gives you the flexibility to avail some buffer sum along with fees.
Unlike traditional student loans, the repayment of personal loan has to commence from the very next month onwards. Unfortunately, you do not have the luxury of any specific moratorium period or study term here. This is because you are using a personal finance to pay for your education and all usual norms of such unsecured loans are applicable to you as well. Nevertheless you are also free from the hassles and running around that are part and parcel of study loans. With Qbera, you simply have to visit our webpage and do the needful (online form filling) in 5 minutes and you get the amount credited to your account by next day. However, defaulting will slash your CIBIL score badly, which can cause you to face unexpected hurdles when applying for any kind of funding in future.
Having to wait for only a day for education loan can sound too good to be true. But it is exactly what Qbera is all about. The process we follow are that transparent and user-friendly. An online form that takes about 5 minutes to fill is enough for the Qbera team to assess your eligibility.
Make use of Qbera’s online calculator to get the best options in terms of loan amount, tenure and interest. This can help you understand how much you can borrow.
You can apply for finance ranging from INR 50,000 to INR 7.5 lacs- all in a span of 24 hours. And once the pre-approval formalities are done, the amount will be credited to your account by next day noon.
Some choose to reimburse all the dues at the earliest by prepaying while the others believe it is better to not stress themselves out financially. Choose a tenure from 12 to 36 months.
Qbera won’t plague you with bulky form-filling. After pre-approval, there will be just one face-to-face meeting at your convenience to get your signatures and other necessary documents.
Interest Rate: This is the main factor to take into consideration. Interest rates are usually imposed as a small percentage of RBL’s base rate, which can vary from 14% to 24%.
Qbera application procedure takes the words ‘easy’, ‘quick’ ‘simple’ and ‘hassle-free’ among others to a new level. Check out the 5 stress-free steps to get it done the Qbera way:
Qbera may be able to help when you need it the most. Apply now for a smart hassle-free loan in delhi.
Juggling work and studies- you will have lot on your plate. It is important to strike a balance that won’t result in underperformance in either. If your professional performance goes down, you might lose your job. If you fail to keep up with course-related submissions, the whole point of availing the loan becomes futile. Let’s avoid that, shall we? Here are 3 tips to keep in mind to ensure timely EMI payments:
RBL Bank Limited (previously went by the name The Ratnakar Bank Ltd) is a scheduled commercial bank based in Maharashtra. With more than seven decades in the finance niche, RBL is one of the oldest (read reputed) private lenders in the country. Its journey had been phenomenal as it currently boast of a clientele strength of 20 lacs throughout the nation. Offering incredible number of financial products and services in various niches like Agribusiness Banking, Development Banking, Branch and Business Banking, Commercial Banking, Corporate and Institutional Banking, Financial Inclusion, Treasury and Financial Markets Operations. RBL’s growth from a regional bank in a small town in Maharashtra over the years is praiseworthy with several awards and recognitions such as Global Growth Company tag by World Economic Forum to its credit. Qbera is proud to partner with RBL in providing all-purpose personal finance to salaried people and is hopeful that the journey will be a long and fruitful one.
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:
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:
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:
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.
||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"
Private sector banking heavyweights ICICI Bank and Axis Bank lost a whopping Rs. 13,215 in market capitalisation, an event that follows reports of irregularities in certain areas of functioning.
Following a Supreme Court Order dated 13th March, 2018, Insurance regulator IRDAI extended the deadline for linking the 12-digit unique identity number with various insurance policies.
A day after SBI hiked deposit rates across maturities, the largest lender of India also raised MCLR by up to 25 basis points. MCLR is now at 8.15 percent which was earlier at 7.95 percent. This signals a possible increase in the EMIs of all types of loans – starting from personal loans to home, auto and other loans. ICICI Bank and Punjab National Bank (PNB) also hiked their MCLR by 15 bps. PNB home loans will now be at 8.6% and for women it will be 8.55%.
A loan can get you and your loved ones the comfort of a car and security of a home, and many other things. But your real responsibility begins only after taking the loan.