Travel Loan in Mumbai
Travel Loan in Mumbai
Mumbai might be the financial capital of the country, but this does this mean it is all work and no play for the city-dwellers. Touted as the city that never sleeps, Mumbaikers are proud of their busy life and achievements. They have a rich travelling culture and have always been enthusiastic about keeping their spirits up by going on vacation to domestic or international locations. Even after summer holidays are over, people still have short vacations and long weekends to look forward to. Office work, household chores, school, and financial obligations to name a few- any or all these could be urging you to take a break. And if you are someone who always sticks to beaten tracks (regardless of better tracks and options), we bet you are checking your credit card balance as we speak. Wait a bit before you take out the plastic though. A Credit card might be easy money, but the double-digit interest rates can take the wind out of your sail. Have you ever considered there could be better alternatives to fund your trip? Travel loans in Mumbai could be the perfect solution for you in such times. You just need a little time to research, shortlist and decide.
FINANCING YOUR ELEVENTH-HOUR GETAWAY:
Have you ever compared the interest rates between that of a credit card and a personal loan? When it comes to transporting yourself to that amazing destination, let credit card be your final option, because unless you repay the whole outstanding amount by the end of the month, the balance would be carried to the next month (with interest). Unlike this, a personal loan is a fixed debt and you have the flexibility to repay it in small installments over an agreed tenure. Earlier the only redeeming feature of credit cards was its easy and instant access. But personal loans by alternative lenders like Qbera have managed to bridge that gap as well. You can apply online through your mobile phone, upload the required documents and you can get pre-approved in a few hours. Post-verification and document collection on the same day, the amount will be credited in your account in 24 hours.
INSTANT TRAVEL LOANS IN MUMBAI
There was a time when telling the loan manager of a bank that you are taking a whopping amount from them to fly off to a tourist hotspot, spend lavishly on shopping, ethnic cuisines, spa treatments, adventure sports and fine wines was the easiest way to get ‘Denied’ stamped over your loan application. It is not the same anymore; traditional banks and alternative lenders are happy to offer travel loans to finance your holidays.
Owing to the high level of competition in this niche currently, companies are forever striving to refine their loan products to make the process quick and easy for the end-user. Vacation loans are nothing but personal loans and as they are unsecured, they are priced more than auto loans and home loans. Our starting rates are as low as 11.99% and you can snag the lowest rate possible if your income, credit score and debt-to-income ratio is satisfactory as per our eligibility criteria. Don’t you think this beats the credit card interest rates hands down?
Holiday loans can have limited tenures, such as a 12 to 36 month term. If you’ve been a customer of the same bank for a long time and have maintained a less-risky credit behavior, you might be qualified for a personal loan from your bank. But what if you are not working in a company listed by the bank (Category-A) but in a start-up? What if your CIBIL score is not as high as 740, but is 650. Qbera is way more relaxed in these aspects. We also look into your social score along with past credit behavior to approve your loan application. One thing is sure. Personal loans almost always have a lesser rate of interest than what credit companies charge.
HOW TO APPLY FOR A TRAVEL LOAN VIA QBERA
Qbera application procedure takes the words ‘easy’, ‘quick’ ‘simple’ and ‘hassle-free’ among others to a new level. Given below are 5 steps to get it done the Qbera way.
Just log on to Qbera.com and fill in the application form (it barely takes 5 minutes)
Upload your bank statement on the website
Qbera gives you an offer within 4 hours
Our representative will come and collect the documents
Money transferred to your account in less than 24 hours
Qbera may be able to help when you need it the most. Apply now for a smart hassle-free loan in mumbai.
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
||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
- 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 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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