Cash Loan in Hyderabad
Cash Loan in Hyderabad
The city of Hyderabad developed as one of the top cities in India for IT companies after 1990. All the top IT and ITES companies like Infosys, Cognizant, TCS, Wipro, Deloitte etc. have offices here. These offices cater to the young, vibrant and highly mobile IT professionals of the country and abroad. Yes, the crowd is mostly young and flexible but there may arise situations that may demand cash. For these young salaried individuals and households emergency cash availability is definitely limited. Cash loan in Hyderabad is one of the best ways to manage emergency situations. Well not just emergencies, even luxuries, which cannot be afforded by saving up your salary can be managed with an Instant personal loan.
There is absolute flexibility in the final usage of an instant cash loan. You can manage any financial crisis like hospital bills or emergency repairs to your home as well as use the funds to plan for an exotic vacation or a long dreamt of destination wedding. Also being unsecured loans, there is no need to pledge any kind of asset with the company providing the loan. Personal loans so become a boon for young and independent professionals who simply don’t want to burden their parents for their money matters.
Being unsecured loans, there is a lot of weightage on the CIBIL score of an individual. The banks and financial institute determines the credibility of an individual based on it. There are many factors that determine your score and a score of 750 and above is considered ideal. However, what can be done if your score is marginally less? You can still get a cash loan in Hyderabad from Fintech Company like Qbera.
Cash loan in Hyderabad from Qbera can be instantly applied and with the presence of online eligibility checks and risk assessment algorithms, they ensure a quick turnabout time. These loans are quick and paperless, just log on to their website, fill in the details and the eligibility is instantly known. After submitting the bank documents through net banking and a few other internal checks, the amount is disbursed into your bank account within 24-48 hours.
Documents for Cash Loans in Hyderabad
- Aadhaar Card
- PAN Card
- Proof of address
- Salary and income documents
The eligibility criteria to avail a cash loan in Hyderabad.
- You must be a salaried individual-
- You must have a min net salary of Rs.20 000/-
- You must be above 23 years of age and less than 55 years
- Minimum CIBIL score of 575 and no defaults in the last 24 months
Interest Rate & Other Charges
||11.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 months
- 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
- EMI of ₹7091 per month
- Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
- 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%)
- Age: 21-57 years old
- Net Monthly Income must be more than Rs. 18,000.
- No defaults in the last 24 months.
Documents Required after Digital Approval
- 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)
"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"
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