Personal Loan in Delhi
Personal Loan in Delhi
Are you residing in the Delhi/NCR region and looking for online personal loans in Delhi? You're just at the right place - Qbera provides instant online personal loans in Delhi. The primary feature about Qbera's personal loans is that they are instant - by applying for a Qbera Instant Loan in Delhi, you can get instant loan approval, and the loan amount will be disbursed to your registered bank account within a period of 2 hours.
At Qbera we provide instant loans for your urgent and unexpected needs. Whether you have unforeseen medical expenses, or you want a simple way to consolidate debt, or you just want to go on a holiday with your loved ones, we understand.
Features of the Qbera Instant Loan in Delhi
Simple, Instant, Flexible
Using our proprietary Credit Scoring Algorithm, we determine your loan eligibility in real-time. So if your credit profile looks good, you can get the initial approval on your loan instantly. To keep the application process quick we only ask you for a few readily available documents such as identity proof, residence proof and income statements. Our algorithm uses all this information about you, to determine a loan amount and interest rate that matches your credit profile.
Quick Loans from ₹25,000 to ₹10 Lakhs
As a personal loan customer in New Delhi, you will be eligible for a loan amount ranging from Rs.25,000 to Rs. 10 lakh, at competitive interest rates starting from 11.99% p.a. Once you obtain the final approval after submission of your documents, the loan amount will be deposited to your bank account within 24 hours.
Tenure of 1 to 4 years with Flexibility to Prepay
You can choose the term of your loan depending on your convenience and ability to repay. We offer tenures from 1 to 3 years. At any point in time, if you wish to clear your loan with us, you can do so.
Why choose a Qbera Instant Personal Loan in Delhi?
If you're looking for an instant personal loan in Delhi, Qbera's instant loan in Delhi should be your best bet. Here is why:
Incredible ease in applying
Applying for personal loans via Qbera is unbelievably simple. Apply for a loan and upload your supporting documents within 5 user-friendly steps. What’s more, we only ask for those documents you can easily scan and upload.
Our fees and rates won’t leave you shell-shocked. The terms and conditions will stay the same from start to end. Interest rates typically range from 11.99% p.a. to 24% p.a. (much lower than credit card rates).
Flexibility in using the loan
The purpose for which you wish to use the loan is completely your choice. Be it weddings, medical emergencies, family holidays, debt consolidation or even career-enhancing courses, you can use a Qbera instant loan for almost anything.
We have jettisoned redundant form-filling and made the process as painless as possible. Plus, you can upload all the documents (ID, income and employment proof) online via our secure web portal.
Transparency like never before
Here, what you see is what you get, leaving no room for shockers like hidden charges. If you need any assistance along the way, feel free to contact the Qbera team via email, WhatsApp, chat or phone. Our support staff will be more than happy to assist you.
Principle of Confidentiality
We take your trust in us seriously. Your personal information is used only for processing your loan application and nothing else.
A Qbera instant personal loan can benefit you greatly, especially when you are in urgent need of funds. So if you are looking for an instant personal loan in Delhi, choose Qbera today!
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.
- 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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