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Cash Loan in Mumbai

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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%.

Cash Loan in Mumbai

The Fast paced and active lifestyle of Mumbai has attracted many companies from the country and abroad to set up their offices here, promoting employment. This along with the fact that Bollywood is one of the biggest employers here - employing both directly and indirectly as well as inspiring many more people to be a part of it. These new residents of Mumbai may not always be having strong finances to back their decisions, paving the way for an increase in demand for cash loans in Mumbai. Cash Loans are nothing but personal loans that come with fixed interest rates, and tenures ranging from 6 months to 60 months. So? Looking for a cash loan in Mumbai? Qbera is easily your best choice. 

There are like n number of things that could go wrong or cause one to shell out more money. Immediate Cash Loans in India have emerged as lifesavers in such situations. The deficit, wherever and whatever can be managed with online personal loansTo name a few instances- you need to upgrade your education with say a certificate course- you can opt for an education personal loan. Sudden hospitalization demands paying huge medical bill- opt for a medical loan. Other than these you can simply take this cash loan in Mumbai to renovate or upgrade your home, finance your marriage or consolidate your debts.

Personal loan translated to high interest rate in most minds. However, with the new technology and ways to determine the credibility of an individual has paved the way to interest rates being as less as 11.99%.  Rightly so, these are unsecured loans, without any type of collateral, so the creditworthiness is given much importance. CIBIL score determines one credit-worthiness through their various documents and data submitted to them periodically by banks and other financial institutions. But what if your CIBIL score is marginally low? Is there any solution? Well yes.

New age Fintech companies like Qbera use advanced algorithms and risk calculation tools to determine if a person is credible. CIBIL score alone is not the factor, other social and economic aspects are considered. The eligibility factors are:

  • Salaried individual
  • Net take home salary of Min Rs. 20,000/-
  • Age bracket of 23-55
  • CIBIL score of 575
  • No payment defaults in last 24 months.

If you fit the eligibility, just log on the website and apply for a cash loan in Mumbai. The USP of fintech companies like Qbera is they process your loan request instantly, the turnaround period is as less as 24-48 hours provided the documentation is in order. Also, there are more than 7 lac companies who share their employee database with Qbera. So the loan approval probability is quite high. What are the documents needed?

  • Aadhar card
  • PAN Card
  • Proof of address
  • Salary and income documents
  • Photographs

These are like the basic documents, you can just go online, check out the fine prints, submit your bank statement and after internal verification expect the amount in your bank account in as less as 24 hours.

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:
1st Floor, Wolfpack Workspaces,
#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

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