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Medical Loan in Mumbai

Qbera Instant Medical Loan
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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%.

Medical Loan in Mumbai

A medical loan from Qbera is an unsecured personal loan that can be used to pay for all your medical expenses in Mumbai. Qbera offers a complete digital application for a medical loan in Mumbai. You can enjoy benefits such as digital verification of documents, online EMI calculation and digital approval as well. It doesn't end there, you can expect the loan amount to be disbursed within 24 hours.  

You might not know that Mumbai has India’s best public-health infrastructures. Yes, we in Mumbai are privileged to get the best medical care if and when the need arises. However, medical care in Mumbai, much like real-estate, is also the most expensive in the country. Since more than 80% of Indians don’t have medical insurance, benefitting from the very best medical care in the country is nearly impossible for a good portion of us. Besides, medical insurance is not necessarily the best option for many of us, particularly because they are expensive, the coverage is minimal and it comes with a lot of conditions that must be met. 

Advantages of Qbera Medical Loan in Mumbai

1. Easy application with minimal paperwork

Bearing the expense of medical treatment in Mumbai can be painful enough. That’s why we want to make your life as painless as possible when it comes to the process of application. The straightforward online application takes a mere five minutes to fill up. Minimal paperwork and jet-fast processing are what we aim for. Once you have applied you just have to upload your bank statements and in a matter of just a day, you could get the amount in your account to do with it what you must. 

2. Flexible loan tenure
We understand that our customers’ needs and capacity to repay the amount can vary drastically which is why we offer flexible terms. Getting a medical loan in Mumbai can provide you with the flexibility of choosing the loan tenure. If your monthly income is sufficient enough to pay higher EMIs and you want to finish the loan as quickly as possible, you can go for a shorter tenure falling anywhere between 6 to 60 months. Conversely, if the EMI seems to hurt your monthly savings, you can extend the loan tenure up to 60 months and pay back without any financial stress.

3. Simple approval

Unlike most banks which will only approve loans if you are an employee of certain companies, Qbera is more accommodative and will accept applications from employees of most start-ups as well. Applicants are just expected to be employed and earning Rs. 20,000 or above to be eligible for a personal loan from Qbera.

4. One day approval

Application, approval and disbursement of your funding can be done in just a day!

5. Quick Disbursal

The main reason to apply for a personal loan in the event of a medical emergency is the fact that you need money quickly. Applying for a medical personal loan in Mumbai, from Qbera, means that you will be able to get the amount that you need for your medical emergency in a matter of just a day, once you have applied and submitted all the required documents.

6. Complete financing

Having a loved one in and out of the hospital will take a hit on your finances because there are lots of expenses that you will have to deal with. Everything from diagnostic tests, travel, hospital stays, special diet, medicines etc. will have to be accounted for. You can avail a lump sum (₹25,000 to Rs. 10 lakhs) with a medical loan from Qbera to pay for all of this together.

7. Cheaper than credit card

If you had to use your credit card to pay the medical bills initially, you can take out a personal loan from Qbera to pay off the dues on your credit card. This way you can avoid the unfavourable features on the credit card bills and take advantage of our flexible tenures and favourable features.

8. No collateral

If you take a medical loan in Mumbai from us, you will not need to put up your valuables as collateral.

9. Don’t depend on anyone

Our personal loan will ensure that you get the money that you need on demand so that you don’t need to rely on anyone in your time of need.

Why should you choose Medical Loan in Mumbai over a health insurance?

  • Pre-existing conditions are not covered
    In case, at the time of taking the medical insurance you have a pre-existing health condition, (or complication arising with the condition), the related expense will not be covered by most medical insurance companies. However, if you take an instant medical loan from Qbera, there is no limit to how you want to use it. It does not include any pre-existing conditions which cannot be covered.
  • Diagnostic tests are not covered
    In order to diagnose a disease, doctors will need to do multiple diagnostic tests at various stages of treatment. These tests are not cheap and they are usually not covered with most medical insurance schemes which mean that you will have to come up with the sum each time. In that case, a personal loan for medical emergency can be a great help. 

  • Reimbursement period
    There is usually a waiting period involved before you get to make a claim for a medical insurance policy. The waiting period can range from one month and go up to even 48 months for certain diseases. What this means for you is that you will have to look out for other ways to fund the expense while you wait for the reimbursement. As you would have experienced, money is most difficult to come by in times of need. Thus if medical insurance cannot help you out at these difficult spots, what is the point of it? On the other hand, if you get a medical loan instead of a health insurance plan, the money will be with you at the time of emergency. No need to wait for weeks or months to get the amount in your bank account.

  • Post-hospitalization expenses are not covered
    As discussed earlier, a medical loan in Mumbai can be used for all the expenses related to hospitalisation, which also includes post-hospitalization charges, follow-up doctor visits and medicines, and these can add up to quite a large sum.

How to Apply for a Medical Loan in Mumbai via Qbera

Obtaining a medical loan via Qbera is as easy as purchasing a pair of shades. It’s a simple five-step process:

  1. Simply log on to Qbera.com, fill in the application form 

  2. Upload your bank statement on the website

  3. Receive an offer from us within 4 hours

  4. A representative will come to you, at your convenience, to collect the documents

  5. Within 24 hours, your money will be transferred to your account.

Interest Rate

The competitive interest rates that Qbera offers you are on par with the current market rates (between 11.99-24%). The rate of interest that we offer 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.

Fees and other charges

We believe in complete transparency when it comes to your loan. We provide you with all related information (possible fees and charges) at the time of availing the loan so that you will not be unpleasantly surprised. We assure you that no hidden charges will raise it’s head once you are our customer. The processing fee is just 2-4% and the exact amount will depend on the borrowed amount. 

Absolute confidentiality

Your privacy is of utmost importance to us. We do not share any of your confidential details with any third party. Apply for a medical loan now, get digitally approved and get the money within 24 hours.  

1. What should be my CIBIL score cut-off for a medical loan in Mumbai?

At Qbera, we offer medical loans in Mumbai to salaried individuals having a CIBIL score of 600 (V2 score).

2. What should be my age to apply for a medical loan with Qbera?

You must be in the age group of 23 to 55 years old to apply for a medical loan.

3. What is the maximum loan amount that I can get from Qbera?

Qbera offers medical loan in Mumbai up to Rs. 10 lacs.

4. How much time will I get to repay the loan?

The loan tenure at Qbera is a flexible one and it ranges from 6 to 60 months.

5. How much time does Qbera take to process a medical loan?

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.

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?
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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?
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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 72080 56906
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Bangalore 560 052

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