Online Personal Loans
Online Personal Loans
Online Personal Loans delivered to you in 24 hours from Qbera after you receive approval! Minimal paperwork and digital application process. Apply for an online personal loan with Qbera today and get your loan amount in super-quick time. Qbera offers instant personal loans to individuals residing in Bangalore, New Delhi, Hyderabad, Mumbai, Chennai, Pune, Ahmedabad, and Jaipur. If you are salaried and have a minimum net monthly income of at least Rs. 20,000, and a minimum credit score of 575, you can become eligible for an online personal loan from Qbera.
Features and benefits of the Online Personal Loan from Qbera
Choosing Qbera for your online personal loan comes with some very noteworthy benefits. Let's take a look at some of these benefits:
Instant Loan Approval
When you apply for a personal loan with Qbera, you will receive instant approval on the basis of your credit health. If your credit profile matches the internal credit norms of Qbera, you can then complete the remaining steps that include uploading your income documents and bank statements. Note that in order to receive instant approval on your loan application from Qbera, make sure you have no EMI bounces in the last few months, and no instances of defaults in the last 12 months.
When you apply for an online personal loan from Qbera, your loan application will involve minimal paperwork - most of your documents can be submitted online. These include your income documents, bank statements, and proof of address and identity. As such, with e-KYC redefining the way lenders operate these days, you will have to submit minimal paperwork to an executive who will receive your KYC documents at your office or residential address.
Loans for low CIBIL scores and moderate income professionals
The minimum credit score that you should have in order to apply for a personal loan from Qbera is 575. The minimum income to be eligible is Rs. 20,000 per month (net monthly take-home income).
Loans for employees of unlisted companies
Qbera offers instant online personal loans to employees of unlisted companies well. As one for good measure, even individuals residing in shared accommodations can apply for online personal loans from Qbera.
Documents required for online personal loans from Qbera
- Aadhaar Card
- PAN Card
- Bank statements for the last 3 months
- Salary slips for the last 3 months
- Proof of address document
- Cheque Leaves from your salary account
- Photographs (passport sized)
- 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"
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