Credit Card Refinancing
Credit Card Refinancing in Hyderabad
It’s sale time in Hyderabad. Can you really help but shop when you are surrounded by taunting promotions of sales for everything from furniture to fashion all the time? You are bound to shop, dine-out and have movie-nights out, all expenses charged to your credit cards. It isn’t just the shopping sprees that hurt your monthly expense sheet; it is also the many unforeseen and unavoidable expenses like hospital visits. Before you know it, the credit card bills will roll-in and you find that you just cannot pay the bank back for your expenses like you intended.
What now? Take on the crushing late fees and add on to next month’s expenses? Won’t that hurt your credit score? The answer is yes! If you fail to pay your credit card bills on time each month, it will be reflected on your credit score which can do you a lot of harm in the future.
Qbera now brings you a great solution in the form of Credit Card Refinancing Loans for this particular issue. Basically, with the Credit Card Refinancing Loan, you will be taking out a loan to pay off your overdue credit card bills. This loan will have lower interest rate, lesser fees, more flexible tenure and better features. That means you will still have monthly payments to make, but you will be getting a much better debt situation than the one you had with the credit card company. Even if you have multiple credit cards, and dues for all of them, you can simply take out one lump sum in the form of Credit Card Refinancing Loan to pay off all of them in one shot (your CIBIL score will thank you). Then you just have to worry about paying this one loan, instead of worrying about multiple due dates. The best part is that this repayment will be at much better terms. Sounds good right? It is! With Qbera’s Credit Card Refinancing Loan, you can maintain a perfect credit score.
Qbera is partnered with RBL Bank Limited, which has over 70 years of experience in the private lending business. The two million customer case in India is one of the highlights of the bank that further ensures its trustworthiness.
THE UNIQUE BENEFITS OF CHOOSING QBERA’S CREDIT CARD REFINANCING LOAN:
Most banks will only approve loans if you are an employee of certain companies. This list of companies is limited and does not include most start-ups. Qbera is different. As long as you are an employed and earning Rs. 20,000 or above, you stand a good chance of being eligible for a loan.
One day approval
Application, approval and disbursement of your funding can be done in just a day!
We live by the mantra of making your life easier when it comes to borrowing money. We aim at giving out loans in the simplest and quickest way possible, which means minimal paperwork.
You can choose to finance all your overdue bills with this loan since Qbera offers loans starting from ₹25,000 up to ₹10,00,000.
Just one due date to deal with
Bills come in like clockwork each month; the electricity, phone, internet and so much more. In this whirlwind of bills to pay, it is easy to lose track of your many credit card bills. But once you take out a personal loan from Qbera to pay off all your credit card dues, you just have to worry about that one EMI (We will even send you reminders so that you can shape up your finances for the better).
The APR charged by Qbera is between 14-24%, on par with the current market rates.
Fees and other charges
It will be difficult to find fees and charges in the market that are less than what Qbera charges for credit card reimbursing. Qbera’s processing fee is a mere 2-3% (this will be based on the amount borrowed). Other charges like late payment fees, prepayment charges, ECS/cheque bounce charges and special service request charges are as per the RBL norms
24x7 support available
Taking a loan from Qbera 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. The Qbera staff can be reached via whatsapp at +91 89719 28484, by chat on the website or you can email us.
HOW TO APPLY FOR A CREDIT CARD REFINANCING LOAN VIA QBERA
Obtaining a credit card refinancing loan via Qbera is as easy as purchasing a house plant. It’s a simple five step process:
Simply log on to Qbera.com and fill in the application form
Upload your bank statement on the website
Receive an offer from Qbera 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 hyderabad.
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
||10.99% 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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