Immediate Online Loan
Immediate Online Loan
How do you get an instant personal loan online?
If you're looking for an online personal loan that you can get almost immediately, Qbera has one for you if your minimum income is Rs. 20,000 and you are at least 23 years old. You can complete your application form within 5 minutes and get instant loan approval! Once you receive final approval on the very same day, you can receive your loan amount within 24 hours!
Besides getting your loan in super-quick time, there are a bunch of other impressive advantages that you can enjoy. Let's take a look.
Benefits of taking an Online Personal Loan from Qbera
Instant loan approval: As already mentioned earlier, with Qbera, you can get instant approval on your personal loan. When you apply, your credit report is obtained from the bureau, after which your information is analyzed by Qbera's proprietary risk-based algorithm. If your profile meets the Qbera's credit policy, you will receive instant loan approval. This happens within a few minutes after you feed in your KYC details.
Online submission of documents: Once you fill out your details in the application form available on the Qbera website, the next step requires you to submit your documents online. Your payslips for the last 3 months and bank statements can be uploaded online. Note that you can directly submit your bank statements by logging in to a secure web interface through your internet banking credentials.
Digital document approval: The process of taking out an online personal loan from Qbera involves minimal documentation - your salary slips and bank statements are verified digitally. An executive will come and visit you to verify your address, after which you will receive a final loan offer on the very same day.
Customer support: You can get in touch with Qbera's support representatives through telephone, email or Whatsapp -on both weekends and weekdays. Our staff are available to help address any concerns or queries that you might have.
Loans for individuals staying in shared accommodations and those employed with unlisted companies: Qbera offers instant personal loans to individuals residing in shared accommodations and those employed with unlisted companies.
Credit score and income: The minimum income to become eligible for a personal loan from Qbera is Rs. 20,000 per month. As for the credit score, applicants with a minimum credit score of 600 can qualify for an instant loan from Qbera.
Documents required to apply for an immediate online loan from Qbera
- Proof of address documents - Aadhaar, electricity bill, telephone bill etc.
- Proof of identity - PAN Card, Passport, Driver's License.
- Cheque leaves from your salary account
Note: Aadhaar and PAN Cards are mandatory.
- 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.
- You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai, Hyderabad, Jaipur, Ahmedabad or Kolkata.
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"