Instant Personal Loan Online
Instant Personal Loan Online
If you want to get an instant personal loan online, Qbera definitely has one for you at the lowest interest rates possible. The interest rates on loans from Qbera start from 11.99% p.a. and go up to about 24% p.a.
Why Pick Qbera for Instant Personal Loans Online?
If you're thinking of the ideal lender to choose for your instant loan online, there are some noteworthy reasons why you should pick Qbera for your instant credit needs. Here is why:
- Online Loan Application Process.
- Loans for CIBIL scores as low as 600.
- Loans for low income levels starting from Rs. 20,000 per month.
- Personal finance for individuals living in shared accommodations.
- Instant credit for individuals employed in unlisted companies.
Eligibility for Instant Personal Loans Online from Qbera
- You should be at least 23 years old and not more than 55 years old.
- Your credit score should be at least 600.
- There should be no EMI bounces over the last 3 months.
- Your credit profile shouldn't contact instances of defaults over the last 12 months.
- You should be employed with your current company for a minimum period of 3 months - bank statements and salary slips for the last 3 months have to be submitted.
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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