Personal Loan

What is a Personal Loan?

A personal loan is a collateral-free loan provided by financial institutions such as banks and NBFCs. These lenders use your credit score and employment history to provide you with a personal loan. A personal loan is a multipurpose loan. You can use the loan amount to refinance a debt, renovate your home or to plan a vacation.

Qbera Personal Loan

Qbera provides personal loans to salaried individuals in the age group of 23-55, depending mostly on their net monthly income and credit history. The loan amount ranges from Rs. 50,000 to Rs. 7,50,000 and the interest rate is 14% - 24%.

Types of Personal Loan

The sky is the limit when you think of reasons to get a personal loan from Qbera. The different types of personal loan offered by Qbera are as shown below:

Marriage Loan

Weddings in India are too expensive! They always require additional funds besides your budget and savings. It takes months to plan the venue, jewelry, invitation cards, catering management and so on. However, it takes few seconds to pay for each of these. With the help of Qbera personal loan, you will proudly make your big day special at your own cost!

Holiday Loan

Sometimes, all you need is a lump sum amount to make that dream holiday come true. But your income seems insufficient to fulfill that vacation. Qbera’s personal loan for vacation will help you manage your finances for that trip. Be it the flight bookings, or the hotel booking, or that adventure ride you wished to enjoy with your family.

Home Renovation Loan

Many of us, always want to make certain changes in the way our home looks. But some or the other financial hurdle either delays it or probably cancels it. It’s quite hard to manage funds for such things. Because home renovation doesn’t usually pop out of mind amidst the unaffordable daily expenses. A Home Renovation Loan from Qbera can help you make your house your dream home. Change the look of your drawing room, kitchen, or the verandah.  

Medical Emergency Loans

It’s quite hard to manage the funds when you face a medical emergency. The hospitalization charges followed by huge medical bills may cost you a fortune. Get a personal loan from Qbera and pay for all the medical treatments in a go. Family health is more important than anything in our lives.

Debt Consolidation Loan

Whether it is a credit card loan or an existing loan, it never seems to end. All it does is add to your financial burden day by day. A personal loan can combine all existing loans into one and charges a relatively lower interest rate. Qbera provides debt consolidation loans at very low interest rate. These loans, without any hidden charges will help you get rid of debts once at a time.

Features & Benefits of Personal Loan:

  1. Multipurpose: Qbera offers personal loan for various reasons. Use it for a grand wedding or to plan a vacation. This instant cash can also be used to finance a car or a bike.
  2. Easy Application: A personal loan from Qbera is very easy to apply. You don’t have to visit the office. Just provide your details through an online application form at Upload the required employment documents and grab an offer within few hours.
  3. Quick approval: The loan processing at Qbera is hassle-free. It provides quick approvals to borrowers with an excellent credit score.
  4. No Collateral: Qbera does not ask for any collateral or guarantor. So, don’t worry if you do not have any legal property or your own to pledge.
  5. Flexible loan tenure: You can repay the loan amount in EMIs (Equated Monthly Installments) at your convenient time. The loan tenure ranges from 12 to 60 months.
  6. Minimal documentation: The loan processing with Qbera is hassle-free with least documents.
  7. Multiple repayment options: You can repay the loan amount via post-dated cheques, ECS or AD.
  8. Budget-friendly interest rates: Qbera offers attractive interest rates ranging from 14% - 24%.

Eligibility Criteria for Personal Loan:

It is easy to avail a personal loan from Qbera if:
  1. Your age limit required for applying for a personal loan is 23 to 55 years.
  2. You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai and Hyderabad.
  3. You must be working for a Private Limited Company or a Public Company/Organisation.  
If you have taken a loan/credit card in the past If you haven’t taken any loan/credit card in the past
You must have a net take home salary of Rs. 20,000 per month. You must have a net take home salary of Rs. 25,000 per month.
You must not have any defaults in the last 24 months. You must not have any cheque bounces in the last 6 months.

Note:- Qbera hosts a free Personal Loan Eligibility Calculator.

Documents Required for Personal Loan:

We recommend you to keep the following documents handy:

Identity Proof

  • Pan Card (Mandatory)
  • Aadhar Card (Mandatory)
  • Driving License
  • Passport
  • ID card issued by State Govt & Central Govt

Current Address Proof

  • Pan Card
  • Aadhar Card
  • Driving License
  • Passport
  • LPG Gas Receipt
  • Electricity Bill
  • Mobile Postpaid Bill
  • Water Bill
  • Bank Statement with latest 1 month transactions
  • Rent agreement with 2 month’s utility bill in landlord’s name.

Interest Rate & Other Charges

Interest rates differ widely depending upon various lenders. Qbera offers best in the market rates ranging from 14% - 24%.
Interest Rate 14 – 24%
Processing Fee 2 – 4% of total loan amount
Foreclosure Charges 2.5% of principal outstanding
Loan Amount Min: Rs. 50,000 Max: Rs. 7,50,000
Loan Tenure Min: 1 year Max: 5 years

Advantages of a Personal Loan:

  1. Unsecured

    A personal loan is an unsecured loan that doesn’t ask for any collaterals to be pledged. A collateral is any property owned by you legally. It can be your home or your car or anything. Fortunately, you don’t need to pledge these properties in case you want an approval for personal loan. Because a personal loan is approved on the basis of credit score and regular income.

  2. No limit to end use

    You will be the master of the funds that you borrow from a personal loan. Because you do not need to explain to anybody why you need the money. There can be many reasons for taking a personal loan. And it is the easiest way to fulfil your instant monetary needs.

  3. Easy application

    Almost all the lenders have made application for personal loan online and quick. It saves time and energy. You can logon to their websites, fill up the online application form and get a quote in 1 or 2 working business days.

  4. Minimal paperwork

    The list of documents required for personal loan with Qbera is very less. Once you apply online, a customer representative will be at your doorstep to collect those documents. Hence, no more visits to the branch office.

  5. Improve your credit score

    A good credit score is what helps you become eligible for loans. But what if you are already in debt? A personal loan can consolidate your existing loans at a lower interest rate and wind it up in short term. This can eventually boost your declined credit score.

Personal Loan EMI Calculator

Before you apply for a personal loan, calculate your EMI. The EMI determines whether you can afford to pay back the loan amount. Many of us don't know that how lenders calculate our EMIs. Don’t worry we won't ask you to do any complex calculations. The online EMI calculators are quick and provide accurate EMIs. All you need to do is feed 3 values in the Online EMI calculator of Qbera:  
  1. Your loan amount
  2. Rate of interest
  3. Loan tenure
  The result obtained is competitive, quick and transparent.  

FAQs on Personal Loan:

  1. What are the minimum and maximum loan amounts that I can borrow from Qbera personal loan?

    The minimum loan amount that can be borrowed from Qbera is Rs. 50,000 and maximum is Rs. 7,50,000.

  2. In how much time can I repay the loan amount?

    With Qbera, you can avail flexible loan tenures that range from 1 to 5 years.

  3. What is the interest rate charged by Qbera for personal loan?

    The interest rates charged by Qbera are very attractive and on par with the market rates. It ranges from 14% to 24%.

  4. Why is Qbera personal loan, called unsecured?

    A personal loan from Qbera is called unsecured because you don’t have to pledge any collaterals to get the loan amount. Your employment regularity and credit history is enough to get the loan amount.

  5. Can I prepay the loan amount?

    Yes, you can prepay the loan amount after completion of first 6 months of loan tenure. A foreclosure fee of 2.5% of the principal outstanding will be charged.

  6. How can I repay my personal loan?

    You can easily pay back for your personal loan in EMIs (Equated Monthly Installments) using various repayment options like: post-dated cheques, ECS, or AD.

  7. What is an EMI?

    An EMI is the abbreviation for Equated Monthly Installment. It is the amount you pay back every month to the personal loan lender. You can calculate your EMI using Personal loan EMI Calculator in order to know how much you can afford to pay every month to repay the borrowed personal loan amount.

  8. Does Qbera offer personal loan to salaried individuals only?

    Yes, as of now Qbera offers personal loans only to salaried individuals.

  9. What should by minimum salary to apply for a personal loan with Qbera?

    Your net monthly income should be at least Rs. 20,000.

  10. What should be my age to apply for a personal loan with Qbera?

    You must be at least 23 years old to apply for a personal loan with Qbera.

  11. What is the processing fee that I will be charged for a personal loan with Qbera?

    The processing fee charged by Qbera is very negligible. It is 2-4% of the total loan amount.

  12. How do I apply online for an instant personal loan?

    Logon to, fill up the online application form, upload the necessary bank statements, and get a quote within few hours.

  13. In how much time will I get the loan amount?

    Once you apply for personal loan online, Qbera will check your credit history and employment details. Once you pass the eligibility criteria, loan amount will be disbursed within 24 hours to your bank account.

  14. How can I check the status of my personal loan with Qbera?

    Once you apply for a personal loan with Qbera, you can contact us at 1800 4198 121 (Toll free)  or Whatsapp us on +91 89719 28484 to know the status of your loan.

  15. How do I calculate my EMI for a personal loan with Qbera?

    You can easily calculate your EMI using the Personal loan EMI Calculator available on The result obtained will be much faster, accurate and transparent.


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

Loan amounts range from Rs.50,000 to Rs.7,50,000. APR ranges from 14% to 24%. Loan lengths range from 12 to 48 months. Administration fee ranges from 2% to 4%.

* Subject to Risk Profile

Phone: 1800 4198 121
Whatsapp:+91 89719 28484
1st Floor, Wolfpack Workspaces,
#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

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