Personal Loans made simple!
Personal Loan in Mysuru
Get instant cash loans in Mysuru at affordable interest rates that start from just 11% p.a. With Qbera, apply for credit and get approved within just a few seconds. After receiving final loan approval, get your loan amount within 24 hours!
Personal Loan in Mysuru from Qbera
Mysore, also known as Mysuru, is a small city located in the state of Karnataka. Nestled along the foothills of Chamundi, this city is incredibly popular for its heritage spots. When you first step into Mysuru, you’d be blown away by its natural beauty and architectural wonders. But guess what? Heritage isn’t the only aspect that sets Mysuru apart. This city is also known to be a growing hub of businesses and tourism activities. Now in a city that’s presumably known for its growing economy, people will need financial aid once in a while. And this is exactly where a Fintech company can help them. Although these companies are relatively new in the city, they are steadily catching place. But what is a Fintech lending platform and how does it work? Also, when it comes to applying for a personal loan in Mysuru, why would you choose them over banks? Well, the idea is simple. Unlike banks that take several days to process your loan application, these companies complete the disbursal and the processing in a jiffy.
Yes, platforms like Qbera will ensure the disbursal of your required amount in as less as 24 hours. They also involve less paperwork, and the entire process is completed in a few simple steps. But even then, how does Qbera stand ahead of similar lending platforms? Why should one rely on it while applying for an instant personal loan in Mysuru? Well, here’s a simple table to help you chart things out better.
Compare Personal Loans in Mysuru - Qbera vs Traditional Banks
||Traditional Lending Institutions
Minimum CIBIL score of 600
Minimum CIBIL score of 750
Minimum net monthly income of Rs. 18,000
Minimum monthly income of Rs 30, 000
No defaults over the last 12 months
No defaults over the 12 months
Late payments are allowed for a couple of times
Late payments lead to heavy penalties
Digitally operated, paperless loans
Plenty of paperwork involved
Why Should You Opt for a Qbera Personal Loan in Mysuru?
While there are many reasons why you should opt for an instant loan from Qbera, we’ve listed the main ones below-
- No Collateral- With Qbera, you won’t have to pledge your asset to secure a loan. Our loans are unsecured and collateral free.
- Use it for any purpose- Once approved, you can use the loan amount for any purpose (including but not limited to), wedding, vacations, home fixtures and medical emergencies.
- Flexible tenures- Pay your outstanding debts in ease with our flexible tenures. Qbera lets you choose your preferred tenure from 1 to 5 years.
- Repay online- Gone are the days when you had to head to a bank simply to repay your loan. With Qbera, you can complete your EMIs with a couple of clicks.
- Calculate your EMI faster-Very often people think twice before applying for a personal loan, dreading the hefty EMIs. But with Qbera’s online EMI calculator, you’ll know all your costs upfront.
So wait no longer and ease your hassles with a personal loan in Mysuru via Qbera!
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"