Put your dreams into action with Qbera Loans. Be it a vacation, or your dream wedding, or your home renovation, avail a personal loan within 48 hours without making rounds of the branch office, thanks to our rapid digital processing. Our hassle-free documentation and competitive interest rates will make your financial planning even easier.
Wait, what? Are you not that tech savvy? No worries at all. Just give a call on 1800 4198 121 (Toll-Free) or WhatsApp on 8971928484.
Get handy of the best on par rates in the market, ranging from 11.99%-24%. Obviously, they will depend on the type of employment, loan tenure, job age and not to forget - possession of the property will even help you get the lowest interest.
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 ₹1,00,000 to ₹15,00,000.
4. What is unique about Qbera?
Our technology and lending partnership allow us to offer a world-class experience to our borrowers:
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:
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:
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.
||11.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 months
"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"
According to a CRISIL report on the home loan portfolio, lending to self-employed individuals has increased to 30 percent for Fiscal Year 2017-18, against the 20 percent recorded since last 4 years.
The Reserve Bank of India has put 11 Public Sector Banks under the Prompt Corrective Action (PCA) scheme over the issue of Non-performing Assets.
Hit mighty hard by the Nirav Modi scam, Punjab National Bank promised to pay Rs. 6,500 crore to seven banks against the fraud LoUs (Letters of Undertaking) and FLCs (Foreign Letters of Credit). Out of these, around 350 LoUs and FLCs are maturing on March 31.
With the Reserve Bank of India changing loan restructuring guidelines, profitability of Public Sector Banks (PSBs) is expected to be hit in the current quarter ending March 31. The RBI withdrew debt restructuring tools to align them with the Insolvency and Bankruptcy Code.
Union Cabinet chaired by Prime Minister Narendra Modi approved the new ‘Payment of Gratuity (Amendment) Bill, 2018’ on March 27, 2018.
The Supreme Court refused to extend the deadline (i.e. 31st March 2018) for linking Aadhaar with welfare schemes. Ajay Bhushan Pandey, UIDAI CEO, had mentioned in a Powerpoint presentation that the success rate of the Aadhaar authentication is only 88 percent.
Following a Supreme Court Order dated 13th March, 2018, Insurance regulator IRDAI extended the deadline for linking the 12-digit unique identity number with various insurance policies.
Indian lenders give utmost importance to pin code while assessing the eligibility for personal loans. As a pin code represents sub-region or the delivery post office of a particular area. They track the trends and analyze loan performances of residents addressing to certain pin codes. According to a Census Report, around 70 percent of Indians reside in rural areas. And every metro has few lower middle-class segments. In order to ensure their capacity to repay the loan, lenders take advantage of the historical loan repaying performance of these areas.
A day after SBI hiked deposit rates across maturities, the largest lender of India also raised MCLR by up to 25 basis points. MCLR is now at 8.15 percent which was earlier at 7.95 percent. This signals a possible increase in the EMIs of all types of loans – starting from personal loans to home, auto and other loans. ICICI Bank and Punjab National Bank (PNB) also hiked their MCLR by 15 bps. PNB home loans will now be at 8.6% and for women it will be 8.55%.
A loan can get you and your loved ones the comfort of a car and security of a home, and many other things. But your real responsibility begins only after taking the loan.