Apply for Personal Loan

A personal loan, as the name goes, can be availed for any personal reason. Whether you want instant cash for an education fee, for a medical emergency, for a holiday ticket or for that perfect wedding. The end usage of the loan amount is totally up to you. The eligibility of personal loan depends on various factors such as your age, your credit score (CIBIL score), your monthly income and so on.

Checklist for Applying for Personal Loans

Here are some of the documents you need to keep handy while applying for a personal loan online:

Identity Proof

Current Address Proof

Eligibility Criteria for Personal Loan

  1. As of now only salaried individuals only.
  2. Your net monthly income must be more than Rs. 20,000.
  3. You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai and Hyderabad.
  4. You must be working for a Private Limited Company or a Public Company/Organisation.  
  5. Your age limit required for applying a personal loan is 23 to 55 years.
  6. You must not have any defaults in the last 24 months.

Personal Loan Benefits & Features

  1. Minimal documentation: No worries about piling up the list of documents, personal loan needs the least.
  2. No collateral: Have no assets or property? Don’t worry, it’s a personal loan.
  3. Choose your own tenure: Yes! you can choose your own time to repay the amount (ranging from 12 months to max 48 months).
  4. Simple repayment options: Access to a plethora of repayment options like: post-dated cheques, ECS, or AD.
  5. Budget-friendly interest rates: A personal loan offers best interest rates as per the market standards.

Personal Loan EMI Calculator

Sometimes you may want to calculate the EMIs first and then decide how much loan amount you can afford to pay back. Either you can calculate it manually or by using the various online tools which help you determine your EMIs in few minutes. All you need to keep in mind is the loan amount, rate of interest and the loan tenure. Feed in these values and you will get your EMI, which would be error free and faster than manual efforts. The result that you get using the Personal Loan EMI Calculator will be much accurate. You can also take help of the EMI calculators online which provide graphical presentations of your EMIs in detail.

Types of Personal Loan

As we discussed above, a salaried individual can borrow instant money for different reasons. Based on those, a personal loan can be classified into following categories:
  1. Marriage loan
  2. Travel loan
  3. Home renovation loan
  4. Medical loan
  5. Credit card refinancing loan
There can be even more additions to these depending on your need for instant cash. For example, second-hand car loan, second-hand bike loan, unsecured loan etc.

Marriage loan

Sometimes the unending checklist of a wedding ceremony may take a toll on you financially. It becomes a difficult task to stretch the budget limit if you want to get it done in a special way. In such cases a personal loan for marriage can come very handy. It can cover all your expenses for apparels, plot booking, the catering, managing the guests and even small expenses such as decorations and other event management needs.

Travel Loan

A holiday on mind rests only when accomplished. But what if you don’t have the sufficient funds to bring it on? A travel loan is all what you need. Get instant money and go exploring your dream destinations the way you like. While handling all the flight or train tickets, your hotel stay, sight-seeing, and other adventurous activities, a personal loan for travel is designed to fund all the necessary holiday expenditures for you.

Home Renovation Loan

Sometimes, just a few changes in your home could make it a better place for living. Improve the way your house looks and make it a home with the help of a home renovation loan. It is nothing but a personal loan which gives you access to instant funds required to renovate a home. You can use the funds to add a second floor, or get your home entirely painted, may be you can change the interiors in a more attractive way or even add a small utility area. Make the apt use of a home renovation loan at your ease.

Medical Loan

Many of you must have faced an unforeseen medical emergency in your life. Be it with your parents, your cousins or relatives, and even friends. What makes it more annoying is the costly surgeries and biopsies, making you lose all your savings at once. Sometimes you even need to manage extra money or borrow it to pay the medicine bills charged in the end. A medical loan can prove to be a boon in such situations. You can access the borrowed money within 24 hours after you get approved. So, you can pay for the hospital bills and surgeries right on time, which in case of insurance policies gets delayed and make you pay from your own pockets.

Credit Card Refinancing Loan

How wonderful it could be if you can club the repayment amount of all your credit card debts into a single loan. A personal loan called the credit card refinancing loan is at your rescue. The major reason to switch to this loan is the lower interest rate. Majorly it is a replacement of your current existing loan to a new one. The new one is a personal loan which can help you clear off your credit card dues and save thousands per month. Fortunately, you can apply for this personal loan from Qbera which takes minimal documentation and quick approval within few hours of application.

FAQs on Apply for Personal Loan

  1. What is the tenure for a personal loan for Qbera?
    The tenure for a personal loan with Qbera is 1 to 5 years (12 to 60 months).
  2. 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.
  3. How long will Qbera take to disburse the loan amount in my bank account?
    After you have been approved for the personal loan based on Qbera’s eligibility criteria, the loan amount will be credited in your bank account within 24 hours.
  4. How is a personal loan different from a home loan or a car loan?
    A personal loan is an unsecured loan which does not require pledging of any of your legally owned properties, whereas in case of a home loan or a car loan you need to pledge your home or car as a collateral and you may lose its legal ownership if you are unable to repay the loan amount. Also, the loan tenure of personal loan is shorter compared to a home loan or car loan.
  5. What is the maximum loan amount that I can borrow from Qbera?
    The maximum loan amount that you can borrow from Qbera is Rs. 7,50,000.


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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