|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.|
|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|
A personal loan is an unsecured loanthat 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.
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.
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.
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.
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.
The minimum loan amount that can be borrowed from Qbera is Rs. 50,000 and maximum is Rs. 7,50,000.
With Qbera, you can avail flexible loan tenures that range from 1 to 5 years.
The interest rates charged by Qbera are very attractive and on par with the market rates. It ranges from 14% to 24%.
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.
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.
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.
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.
Yes, as of now Qbera offers personal loans only to salaried individuals.
Your net monthly income should be at least Rs. 20,000.
You must be at least 23 years old to apply for a personal loan with Qbera.
The processing fee charged by Qbera is very negligible. It is 2-4% of the total loan amount.
Logon to Qbera.com, fill up the online application form, upload the necessary bank statements, and get a quote within few hours.
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.
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.
You can easily calculate your EMI using the Personal loan EMI Calculator available on Qbera.com. 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