Personal Loans made simple!
Personal Loan in Jammu
Get instant loans in Jammu at economical rates of interest from Qbera. Minimum income required to apply for loans in Jammu is Rs. 20,000. The process is entirely paperless and presence-less. Choose Qbera to apply today and receive your loan amount within just 24 hours.
Personal Loans in Jammu - All that you need to know
If you're looking for an instant personal loan in Jammu, there are several reasons you should be choosing Qbera for your credit needs. Let's look at some prominent advantages of Qbera's Personal Loan in Jammu.
Apply and get approved instantly: A prime feature of Qbera's personal loan is that when you apply and your essential credit parameters are in line with Qbera's internal underwriting norms, you will receive instant loan approval. Qbera uses an advanced risk-evaluation algorithm that instantly retrieves your credit report from the bureau, and all facets of your profile are immediately pitched against Qbera's internal credit policy, following which you'll receive your loan approval within just a few seconds. This doesn't usually happen with other lenders - thanks to Qbera's risk-assessment algorithm, the turnaround time for personal loans from Qbera has been reduced greatly.
Paperless and presence-less loan process: A prime highlight of Qbera's personal loan in Jammu is that the loan process, from start to end, is paperless and presence-less. The paperless attribute implies that no physical documents are required to be submitted. Thanks specifically to Qbera's risk-evaluation algorithm, the need for physical paperwork has become inessential. Earlier, when banks were perhaps the only lenders offering personal loans, consumers were required to meet with a representative of the bank and submit a large chunk of physical documents. Thanks to digital verification techniques in recent times though, the necessity for physical paperwork has greatly reduced.
Customer support: You can reach Qbera's customer service representatives on Whatsapp, telephone, or email. Service representatives will assist you with any queries from the time you apply until the time you close your loan.
Flexible repayment tenures: Repayment tenures on personal loans in Jammu from Qbera start from 1 year and extend up to 5 years. You can pick a tenure that best suits your financial obligations. Longer the tenure, lower the monthly repayment amount and shorter the tenure, higher the monthly EMI.
Eligibility for Personal Loans in Jammu from Qbera
In order to qualify for a personal loan in Jammu from Qbera, your profile should satisfy certain eligibility parameters. Let's take a quick look:
- Age: 23 years to 55 years
- Income: Minimum income of Rs. 20,000 per month.
- Credit score: A minimum credit score of 600.
- Repayment history: No defaults in the last 12 months. No EMI bounces in the last 3 months.
Documents required for Instant Personal Loans in Jammu from Qbera
The following are the documents required:
- KYC documents - PAN and Aadhaar Card
- Salary slips and Bank statements for the last 3 months
- Cheque leaves of your salary bank account
If you need super-fast, super-smart and super-fair personal loans in Jammu, you certainly know where to get the best product you possible can.
Interest Rate & Other Charges
||11.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 months
- 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.
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"