Personal Loan in Ahmedabad
Personal Loan in Ahmedabad
Ahmedabad - the former capital of the Indian state of Gujarat, is located on the banks of the Sabarmati river. This prominent city is home to a large number of educational and research institutions, which made it a center for science, technology and higher education.
A large number of public sector banks have their headquarters in Ahmedabad. It is one of the largest exporters of gems and jewellery in India. You can easily get a personal loan in Ahmedabad from Qbera. Qbera offers unsecured personal loans in Ahmedabad to those who need it the most. If you are a resident of Ahmedabad, you can get an instant loan in 24 hours to meet any kind of immediate financial needs.
Advantages of a Qbera Personal Loan in Ahmedabad
A Personal loan in Ahmedabad can be availed within 24-48 hours with the help of Qbera’s digital application process. Qbera hosts a pool of benefits when it comes to unsecured personal loans in Ahmedabad. Let us take a look at some of those:
1. No limit to end use
Personal loan from Qbera can be used for almost any kind of personal need. Mostly when you don’t have sufficient savings or you are running on a budget, Qbera helps you with an instant loan in Ahmedabad to tide over your unforeseen financial circumstances.
A personal loan from Qbera can be used to go on a holiday, to finance a wedding, to buy a second-hand vehicle or even to consolidate debt. It is extremely easy to apply for a personal loan in Ahmedabad from Qbera and how you want to use the loan is totally up to you and your monetary needs.
2. No collateral
At Qbera, we do not ask for any of your valuable assets to be put up as collaterals.
3. Digital application
You can apply for a personal loan in Ahmedabad while you are at the workplace or at home. It simply requires an internet connection in your laptop, pc or even your mobile phone. Right from the beginning of the application process, all steps – form filling, document uploads, document verification, approval and finally the loan disbursement, everything is completed digitally.
4. Loan in 24 hours
Our technology allows us to involve the least amount of human intervention that enables us to complete the loan application as fast as possible and send the money to the customer within a day.
5. Competitive interest rates
Interest rates at Qbera range from 11.99-24% p.a. Based on your credit history, personal and employment details, Qbera will come up with the best rate for you.
6. Loan for low credit score
At Qbera, the credit score cut-off for a personal loan in Ahmedabad is as low as 600. Our proprietary risk model helps us in assessing the repayment capacity of the borrower through various data sources. So, no need to worry if you have a low credit score.
7. Flexible loan tenure
We offer you a flexible tenure from 6 to 60 months to complete the loan based on their repayment capacity. You can use our online EMI calculator to get high or low EMI values and select the loan tenure accordingly.
Eligibility Criteria for Personal Loan in Ahmedabad
To get an instant personal loan from Qbera, you must meet the following criteria:
Age: You must be in the age group of 23 to 55.
Income: You must be a salaried employee with a net monthly income of at least Rs. 20,000.
No defaults: You should not have any financial defaults in the last 24 months.
Residence: Qbera offers personal loans in Ahmedabad, Jaipur, Bangalore, Delhi-NCR, Mumbai, Chennai, Pune and Hyderabad.
How to use Qbera EMI Calculator to get a personal loan in Ahmedabad
Qbera hosts one of the easiest online tools to calculate your EMI. Click here to directly go and calculate your EMI. Simply adjust the sliders to select your net monthly income and current EMIs if you are paying for any existing loan. You will get the loan amount, EMI amount and loan tenure. Qbera offers lowest EMIs starting at Rs. 2700 p.m.
1. What is the loan amount that I can get through a personal loan in Ahmedabad?
Qbera offers personal loans from Rs. 25,000 to Rs. 10 lacs to salaried individuals of Ahmedabad.
2. What should be my monthly income to get a personal loan from Qbera?
You can get a loan even if you are earning as low as Rs. 20,000 a month. Qbera, unlike traditional lenders, does not ask for a minimum monthly income of Rs. 35,000 a month. It aims at serving the huge salaried segment that gets rejected on the basis of insufficient income.
3. What should be my age to get a loan in Ahmedabad?
You must be at least 23 years to get a loan from Qbera.
4. Why was my loan rejected by Qbera?
Qbera has one of the best approval rates in the lending industry. However, we may need to reject few applications if they do not meet our eligibility criteria.
5. Can I re-apply for a loan in Ahmedabad from Qbera?
Yes, you can re-apply for a personal loan but Qbera requires you to wait for 3 months before you can re-apply.
- 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%)
- You must be a Salaried Employee
- Age: 23-55 years old
- Net Monthly Income must be more than Rs. 20,000.
- No defaults in the last 24 months.
- You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai or Hyderabad.
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"