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Home Improvement Loan

Home Renovation Loan Mumbai
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Choose your employment status to find the Qbera Loan that’s best for you!
I am Salaried (I currently work for a Private Ltd, Public Ltd, Govt., LLP)
I am Salaried (I currently work for a Proprietorship, Partnership Firm)
I am Self Employed (I have my own business)
I am Currently Not Employed
Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Home Improvement Loan in Mumbai

Mumbai, also known as ‘Bombay’, is the capital city of Maharashtra. It is the second most populous city in India. It originated from the conglomeration of seven islands on the Konkan coastline. Mumbai is also the commercial capital of India. Are you a Mumbaikar? And looking for a new home? We assume it is the workplace or the growing family that has inked your mind with this idea. However, if these are not the sudden needs then you can consider a home renovation. The overall expenditure involved in a renovation would not be as high as in a new one. Financial institutions such as banks and NBFCs provide Home Renovation Loans. These loans provide cover for all expenses involved in the makeover of a house. Many of us believe that upgrades are the quickest ways to find a better living. But it is not always that we have the funds ready to give that new look to our home. A personal loan for home renovation comes handy in such situations.

What is a Home Renovation Loan?

A loan that provides instant cash to fulfill all your expenses related to home renovation. Either you modify the kitchen or just change the flooring of the guestroom. The loan amount can be used to modify your house in your way. The average interest rate charged is 14-24%. Qbera provides fast personal loans to salaried individuals earning a minimum monthly income of Rs. 20,000.

Benefits of a Home Renovation Loan in Mumbai

  • Hassle-free Processing
    The loan process is very easy and quick. You don’t have to visit branch offices or banks to get a personal loan for home renovation. Log on to our website Qbera.com and share your financial needs and employment details. We’ll get back to you.

  • Minimal Documents
    A personal loan, unlike a home loan, does not require a bunch of unnecessary documents. Qbera needs only what is required.

  • Multipurpose
    A home renovation loan has no limit to its end use. It is totally up to you on how you want to spend the money. You can use it to renovate your kitchen or change the floor tiles.

  • Flexible Loan Tenure
    You can repay the loan amount in EMIs at your convenient time. The loan tenure ranges from 6 to 60 months.

  • Competitive Interest Rates
    Qbera offers best in the market interest rate. It ranges from 14-24%.

Why is Home Renovation Loan better than a Home Loan?

Home Renovation Loan

Home Loan

Loan Amount

You’ll need to borrow a limited amount of money. It can be paid quickly.

Loan amount will be larger and will need long time to complete the loan.


It is a personal loan which does not require any collaterals to be submitted.

It is a secured loan. You’ll have to pledge your legal property to get a home loan.

Interest rate

The interest rate charged on a home renovation loan will remain constant throughout the loan tenure.

The interest rate is floating. It will rise and fall according to the market.

Loan tenure

Loan lasts for a short period.

Loan lasts for years.

Time Investment

A few modifications in your home will not take much time for planning.

A new home requires huge time investment. Spend extra hours looking for options on the internet. Sometimes site visit is also needed.


Why Apply for a Home Renovation Loan from Qbera?

Though there may be many lenders in Mumbai, Qbera stands apart for its fast disbursal of the loan amount. Here are some of the benefits of a home renovation loan from Qbera:

  • Unsecured
    All personal loans from Qbera are unsecured. Unsecured means you don’t have to pledge any of your legal assets to claim the loan amount.

  • Online EMI Calculator
    To know your EMI, you don’t need a pen and paper to do the math. Simply go to Qbera.com and click on ‘Personal Loan Calculator’. You will get very accurate EMI based on your loan amount, the rate of interest and loan tenure.

  • Online Eligibility Check
    You can check your eligibility online too. Use the Eligibility Check tool of Qbera. It hardly takes few minutes.

  • Multiple repayment options
    You can pay the loan amount using Post-dated Cheques (PDCs), ECS or through net-banking.

Home Improvement Loan Interest Rates & Other Charges

Interest Rate

11.99% - 24%

Processing Fee

2-4% (of total loan amount)

Pre-closure Charge

2.5% (of outstanding loan)

Loan Amount

Min: ₹25,000 Max: ₹10,00,000

Loan Tenure

6 to 60 months


Eligibility Criteria for Home Renovation Loan

It is easy to avail a personal loan from Qbera if:

  1. Your age limit required for applying for a personal loan is 23 to 57 years.

  2. You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai and Hyderabad.

  3. You must be working for a Private Limited Company or a Public Company/Organisation.

  4. You must not have any defaults in the last 24 months.

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

Interest Rate
11.99% to 35.99%
Processing Fee
1% to 5% of total loan amount
Loan Amount
₹1,00,000 to ₹15,00,000
Loan Tenure
12 to 60 months
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.
  • Aadhaar Card
  • PAN Card
  • Current Address Proof


"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 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...



"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"

Are you ready to get your Qbera Smart Loan?
Apply Now


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

Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% 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:

E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 72080 56906
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MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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