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
- Photographs
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
View a complete list of our FAQs at our
help center
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
|
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.
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.
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.
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:
- 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%)
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