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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%.

Online Loan in Hyderabad


In a growing cosmopolitan city, the need for loans is inevitable. An Online loan in Hyderabad from Qbera is an excellent solution for any kind of fiscal deficit. The credit market is vibrantly thriving in these emerging cities and is the best solution for any kind of requirement. These online loans are highly flexible and can be used for a variety of purposes. From arranging for marriage and paying education fee to home renovation or debt consolidation, these loans are effective for any legitimate requirement.

Qbera online loan in Hyderabad is available for any salaried individual in the age group of 23-55 years. With an economical interest rate starting from 10.99% and a long repayment tenure spanning 5 years, these loans are the most feasible answer to a variety of monetary requirements.

Online Loan in Hyderabad - Difference between Qbera and Traditional Banks

Parameters
Qbera
Traditional Banks

Processing fee

1% -5%

2.25% of principal + GST

Interest rate

Starting at 10.99%

Starting at 11.99%

Credit Score required

600 and above

750 and above

Loan amount 

Up to Rs 25 00 000

Up to Rs 15 00 000

Minimum age required

23 years

21 years

Pre-closure charges

5% + GST

5% + GST after a lock in period


Features of an online loan in Hyderabad from Qbera Loans

  • Instant procedure: A few clicks on your computer keyboard is what is required to secure an online loan in Hyderabad from Qbera. The process is completed instantly and Qbera boasts of a low turnaround time of 24-48 hours after successful verification of documents.
  • No collateral required- an online loan is Hyderabad from Qbera is completely collateral free. There is no asset that has to be pledged with the company or any person required to stand in as a guarantor to secure this loan.
  • Secure platform- With the most secure technologies in place, your data is completely secured with Qbera. 
  • Competitive rate of interest- The interest rate of a personal loan with Qbera starts at 10.99%. This is one of the best rate available in the market. While choosing loans, it is always better to go in for one with a lower interest rate as it means the lesser amount paid out at the end of the loan term.
  • Lower-income groups considered: In cities, those with less income face the most difficulty in securing a loan. Banks especially do not consider this group at all. Qbera, however, making use of their advanced technology considers these group and grants loans to those with a minimum take-home salary of Rs 18000.

How to apply for an online loan in Hyderabad from Qbera

  1. Login to www.qbera.com

  2. Fill in the personal and employment details

  3. Loan eligibility is communicated

  4. Submit bank statements and other documents such as salary slips and identification documents.

  5. Get a personalized loan quote

  6. An executive picks up copied of Aadhar card and PAN card from your doorstep.

  7. Accept the emailed loan quote

  8. The loan is transferred to your bank account.


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?
Select your employment type to proceed.
Self-Employed
Salaried

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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