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₹130,12,42,000 of Loans Disbursed!

Personal Loans made simple!

Find the loan that's perfect for you!
Choose your employment status to find the Qbera Loan that’s best for you!
I am Salaried (I currently work for a Private Ltd, Public Ltd, Govt., LLP)
I am Salaried (I currently work for a Proprietorship, Partnership Firm)
I am Self Employed (I have my own business)
I am Currently Not Employed
Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.


Personal Loan in Indore

Need a personal loan in Indore? Get super-quick personal loans from Qbera at competitive interest rates starting from just 11% p.a. Apply today and get immediate approval! When you apply with Qbera, you can receive the money in your account within 24 hours. 

Indore is one of the largest city in the state of Madhya Pradesh. This city serves as the headquarters of the district and is a major education hub in central India. With the presence of prestigious institutions such as the Indian Institute of Technology and the Indian Institute of Management, the popularity of the state has gone up. The popularity has also resulted in lifestyle changes and with modern ways of life, the need and demand for credit have gone up. Presence of inflation in the economy has left none untouched, but the presence of instant loans in Indore has helped many tackle financial emergencies in a structured manner.

Personal Loans in Indore - here is what you need to know

Traditionally, any credit requirement was met by private money lenders or Banks and while the former charged high-interest rate the latter would take months to process the loan application. The advent of technology and the presence of Fintech companies has changed the scene. Fintech companies like Qbera employ the best in technology in the lending market and have made the loaning process faster as well as simpler.

Instant Loan in Indore - Difference between Qbera and Traditional Lenders

Parameters
Qbera
Banks

Processing fee

1% -5%

2.25% of principal + GST

Interest rate

Starting at 10.99%

Starting at 11.99%

Credit Score required

600 and above

750 and above

Loan amount 

Up to Rs 25 00 000

Up to Rs 15 00 000

Minimum age required

23 years

21 years

Pre-closure charges

5% + GST

5% + GST after a lock in period


Features of Personal Loans in Indore from Qbera

Advanced risk-evaluation algorithm: These easy loans are unsecured personal loans and so the individuals CIBIL rating gains prominence. In case of a lesser score or in the absence of a credit score banks often reject the loan application. Qbera, on the other hand, arrives at a lending decision considering the social and economic leaning of an individual dependence and there is less reliance on the CIBIL score. So those who are new to credit have better chances of landing a personal loan.

Same day disbursal:  In this electronic era and with the presence of eKYC, the process of documentation, as well as verification, is quite fast. The shortened processing time of internal verification has facilitated same day disbursal of easy loan in Indore.

Long repayment tenure: The repayment tenure chosen has direct impact on the monthly payouts. A long tenure means lesser EMIs and a short tenure means higher EMI amount. The flexibility in determining the repayment tenure offered by Qbera helps you choose an affordable EMI.

Loan for low income levels: Those with low take home salary finds it difficult to land a loan. Qbera ‘s risk assessing algorithms gives a better perspective and aids in processing such applications and provides personal loans to those with low monthly salary.

Flexible loans: Am easy personal loan in Indore can be put to a variety of legitimated uses. Funds shortage while planning a marriage or home renovation, finds to pay for education course or medical bills, to consolidate debts or to plan a vacation. 

View a complete list of our FAQs at our help center

Interest Rate & Other Charges


Interest Rate
11.99% to 35.99%
Processing Fee
1% to 5% of total loan amount
Loan Amount
₹1,00,000 to ₹15,00,000
Loan Tenure
12 to 60 months
Getting a Qbera Smart Loan is Simple
Fill out our online application form
Step 1: Online Application Form
Get approved instantly
Fill out our online application form by answering a few questions about yourself, your employment, your education, expenses and needs. This process would take no longer than 10 minutes.
Connect your Bank Account
Step 2: Connect bank account
Submit your bank statements
Connect securely to your bank via netbanking and submit bank statements as part of the easy loan application form. Alternatively, you can upload bank generated pdf bank statements.
Select your loan term
Step 3: Loan term
Choose your Loan Term
Using our proprietary Credit Scoring Algorithm we determine your loan eligibility in real-time. Our algorithm uses the information about you, to determine your future potential and help you get the best rate instantly.
You’re done! Get the money in your Bank Account as early as tomorrow.
Example: A loan offer of ₹2 lac, for a tenure of 3 years at an interest Rate of 16.6% (on a reducing principal) and a processing fee of 2.5%. Translates to:
  1. 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
  2. EMI of ₹7091 per month
  3. Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
  4. 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%)
Repaying a Qbera Smart Loan is just as Simple
Repay your loan with automatic EMI payments.
  • Age: 21-57 years old
  • Net Monthly Income must be more than Rs. 18,000.
  • No defaults in the last 24 months.
  • 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)
Pradeep

Pradeep

"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."

Shekhar

Shekhar

"I would like to thank Qbera for speedy loan processing. I was having a tough time in deciding which bank would actually take my request for a loan as the loan was supposed to be for credit card payoff. I was forced to use my credit card for an unforeseen expense which I could not avoid and was finding it tough to pay back due to the high interest cost on credit cards. 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...

Syed

Syed

"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."

Anish

Anish

"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"

Arun

Arun

"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"

Bhaskar

Bhaskar

"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"

Are you ready to get your Qbera Smart Loan?
Select your employment type to proceed.
Self-Employed
Salaried

QBERA

We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

* Subject to Risk Profile

Need Help?
Contact our support team via WhatsApp by clicking below:
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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 99160 88896
Address:
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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