What are instant loans?
Instant loans are a type of personal loan that sports a much faster and seamless process, enabling them to reach your bank account almost instantly, regardless of the amount in question. Instant loans have become very popular in the current day, with several companies, many of which are Fintech players, providing these loans to salaried and self-employed individuals. In the instant loans space that comprises mostly unsecured loans, personal loans are the most popular.
Apply for instant personal loans – Why you should choose Qbera for instant personal loans?
If you’re thinking of why you should apply for an instant loan with Qbera, well, an instant loan from Qbera offers several benefits to a wider proportion of salaried individuals in India. Let’s find out more about the Qbera instant loan and how to apply for instant loans with Qbera.
Apply for Instant Loan with a Low Credit Score
Qbera allows you to apply for an instant loan even with a low credit score of 600. Usually, private banks that offer personal loans (not so much as instant loans), usually ask for a credit score of at least 750. So if you have a bad credit score and you’re looking to apply for instant loans, Qbera is where you can get the best instant personal loan at the best possible interest rate.
Apply for Instant Loans with Low Income
Qbera offers loans to salaried individuals with a minimum income of Rs. 20,000. So if you wish to apply for an instant loan with low income and have been rejected by a private bank or financial institution because of not meeting the income eligibility criteria, you can apply for an instant loan from Qbera.
Paperless instant loans
The entire loan process employed by Qbera is paperless and digital. No physical documentation is necessary and verification of documents is also done online. You can upload documents supporting your income, residence, and identity online. Bank statements can be submitted using your netbanking credentials.
Instant loans for employees of unlisted organizations
Have you been rejected previously because your employer/organization wasn’t listed? Well, you don’t have to look at that with concern when you apply for instant loans at Qbera. Currently, Qbera offers loans to employees of over 7 Lakh Indian companies – this also includes a large chunk of salaried individuals employed in unlisted companies.
Know your loan eligibility with east
Qbera lets you know your loan eligibility through the online EMI calculator. You can use the sliders to adjust your income and your current monthly repayment amounts on any active loans. You can also know the loan EMI depending on the tenure you choose.
Eligibility criteria to remember when you Apply for Instant Personal Loans
If you’re looking to apply for instant loans from Qbera, here are some important eligibility parameters that you should be aware of:
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You should be at least 23 years of age.
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You should have a minimum credit score of 600.
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Your minimum monthly income should be Rs. 20,000. Qbera offers instant personal loans only to salaried individuals.
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You shouldn’t have instances of defaults in your credit profile at least over the last 24 months.
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The information you provide should be accurate and consistent (information in supporting documents).
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