Best Loans

It is not possible for one to be prepared for all kinds of financial emergencies. You can and may have thought about all possible situation, however, financial shortfalls never fail to surprise us. The best way to deal with monetary shortfalls is to opt for an unsecured personal loan. When you temporarily use the money of an external entity to manage your requirements, it is called as a loan. The external entity like banks, NBFCs or private lenders receives an interest over the money. As such, as a borrower, you’d often look out for the best loans. As a borrower, you can use the money to tide over the shortfall, thereby, making it a profitable situation for both the lender and the borrower.

Best Loans Online

The innumerable rules and stringent paperwork followed by banks has created an unapproachable image for most banks. Even if the best loan deals were being offered, the application and paperwork rendered it ineffective. The lending market is seeing a rise in lending startups that have built a distinct reputation for disbursing fast loans, with the provision of allowing applicants to complete the entire loan application process online.

Fintech’s like Qbera has best loan offers for various segments. Online Personal loans are very versatile and can be used in an emergency or a non-emergency situation with equal ease. A sudden hospitalization, funds to organize wedding, a long-awaited vacation, credit card debt consolidation or to pay for education all of these and more can be financed with a personal loan as there’s no capping of the end use of funds.

 The key features of a Fintech are:

• Digital experience as the entire process is completely digitized from application submission to amount disbursal.
• Quick turnaround period of 24-48 hours after document verification is another highlight of Fintech’s.
• Fintech’s do help out people in the low-income group where banks are usually wary of approving.
• Fintechs also give loans to persons with marginally low CIBIL score as well.

Eligibility criteria for personal loans from Qbera

• You must be a salaried individual
• You must have a min net salary of Rs.20 000/-
• You must be above 23 years of age and less than 55 years
• A minimum CIBIL score of 575 and no defaults in the last 24 months

Documents needed

• 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