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Instant Loan in Hyderabad

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Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 10.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Instant Loan in Hyderabad

Hyderabad has earned for itself a variety of monikers – The city of Nizams, the city of pearls and more recently the Hi-tech city. It is not uncommon to find youth in western attire and youths in traditional attire, battling the ever-increasing traffic in this historic city. The city has been expanding and there is a steady influx of new and young aspirants in this city. The city’s growth has been funded by various banks and NBFCs. The option of getting an Instant loan in Hyderabad has added to the charm of the city. Youngsters have the financial cushioning of personal loans to fall on.

Consider the situations where you have moved into the city but is looking for a home. You do find a lot of options however, there is lack of fund to pay a deposit. A sudden medical emergency is the new city has left you with a big medical bill to pay. Where does one turn to, the obvious answer is friends and family, what if they are not in a position to help? Banks and NBFC s are the next choice, but their documentation and checks do take a lot of time. Instant loans in Hyderabad  from fintech companies like Qbera step in with instant eligibility checks and quick turnabout time to be the perfect solution in any financial difficulties. These loans are quick and paperless, you log on to their website, fill in the details and your eligibility is known in 2 mins. After submitting the bank documents through net banking and a few other internal checks, the amount is deposited directly into your bank account.

And the documents that needs to be given are:

  • Aadhaar Card
  • PAN Card
  • Proof of address
  • Salary and income documents
  • Photographs

Also, there is no capping on the possibilities of an Instant personal loan. Unlike home loan or vehicle loan which has to be used to buy house or vehicle, you can use personal loans in n different ways. You can plan a long-awaited luxury vacation, renovate or upgrade your home, and fund your education or your marriage. You can use the amount from your instant loan and pay it off in easy and affordable EMI’s.

The Eligibility criteria are quite simple too. Where banks and NBFCs rely almost completely on your CIBIL score, Fintech companies like Qbera use advance risk assessment algorithms and consider your socio-economic dealing along with your CIBIL score to arrive at a decision. While a credit score of 750 and above is considered by banks, the fintech also considers marginally low scores as well. Also there are more than 7 lac companies that are registered in their database, so the probability of your loan being approved is high.

The minimum eligibility for an Instant loan in Hyderabad are-

•             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
Getting a Qbera Smart Loan is Simple
Fill out our online application form
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.
Connect your Bank Account
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.
Select your loan term
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.
You’re done! Get the money in your Bank Account as early as tomorrow.
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:
  1. 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
  2. EMI of ₹7091 per month
  3. Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
  4. 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%)
Repaying a Qbera Smart Loan is just as Simple
Repay your loan with automatic EMI payments.
  • Age: 21-57 years old
  • Net Monthly Income must be more than Rs. 18,000.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai, Hyderabad, Jaipur, Ahmedabad or Kolkata.
  • 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)
Pradeep

Pradeep

"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."

Shekhar

Shekhar

"I would like to thank Qbera for speedy loan processing. I was having a tough time in deciding which bank would actually take my request for a loan as the loan was supposed to be for credit card payoff. I was forced to use my credit card for an unforeseen expense which I could not avoid and was finding it tough to pay back due to the high interest cost on credit cards. 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...

Syed

Syed

"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."

Anish

Anish

"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"

Arun

Arun

"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"

Bhaskar

Bhaskar

"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"

Are you ready to get your Qbera Smart Loan?
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QBERA

We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 10.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

* Subject to Risk Profile

Need Help?
Contact our support team via WhatsApp by clicking below:
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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 89719 28484
Address:
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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