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Best Personal Loans

Get the best Personal Loans online
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Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Best Personal Loans

When faced with financial shortfalls, one of the best possible sources of funds are Personal loans. The best personal loans are those which offer less interest rate and long repayment tenures. There are quite a few lenders in the market who offer the best options suited to your requirements. There are many factors such as the turnaround time and customer care services that make the entire process of applying for a loan - either an enjoyable one or a nightmare.

Banks, NBFCs, and Fintech companies are present in the lending market and offer the best possible packages. This gives the customers the added power to choose a loan that perfectly fits his criteria and requirements.

Qbera, a Fintech company, offers instant approvals and a completely digital experience when you wish to avail the best personal loan in the market. On applying for a personal loan, you will receive instant approval based on your creditworthiness. This is based on Qbera's internal credit norms. The ideal credit score should be above 600, and there shouldn't have been defaults over the last 12 months.

For that complete digital experience, the application process is online and involves minimal paperwork. The supporting documents like pay slips and bank statements are also submitted online through secured net banking gateways.

These instant personal loans can be availed by any salaried individual between the age of 23-55. A net take home salary of Rs.20 000 is also preferableThe CIBIL score is another important criterion that cannot be overlooked. Being unsecured loans there are no assets pledged with the financing institute. Banks therefore prefer a credit score of 750 and above while processing the loan application.

If your score is less than the ideal figure, fret not, for fintech companies do operate in that area. Using advances risk calculation algorithms based on social and economic standing of the individual, Fintech’s do approve applications for credit score that are above 575. They also consider applicants with uncategorized companies. All financial institute has a vast database of employees employed with different prominent companies. Most banks do reject the application if the applicant’s company is not present in their database. Qbera, however, offers the best personal loans to employees of more than 7 lakh companies, thereby, increasing the approval probability exponentially.

Also, applicants in shared accommodation usually face personal loan rejection, which is not the case with Qbera.

There is minimal paperwork required to seal the deal and those are:

  • Aadhaar Card
  • PAN Card
  • Bank statements for the last 3 months
  • Salary slips for the last 3 months
  • Proof of address document
  • Cheque Leaves from your salary account
  • Photographs (passport sized)
View a complete list of our FAQs at our help center
Getting a Qbera Smart Loan is Simple
Fill out our online application form
Step 1: Online Application Form
Get approved instantly
Fill out our online application form by answering a few questions about yourself, your employment, your education, expenses and needs. This process would take no longer than 10 minutes.
Connect your Bank Account
Step 2: Connect bank account
Submit your bank statements
Connect securely to your bank via netbanking and submit bank statements as part of the easy loan application form. Alternatively, you can upload bank generated pdf bank statements.
Select your loan term
Step 3: Loan term
Choose your Loan Term
Using our proprietary Credit Scoring Algorithm we determine your loan eligibility in real-time. Our algorithm uses the information about you, to determine your future potential and help you get the best rate instantly.
You’re done! Get the money in your Bank Account as early as tomorrow.
Example: A loan offer of ₹2 lac, for a tenure of 3 years at an interest Rate of 16.6% (on a reducing principal) and a processing fee of 2.5%. Translates to:
  1. Processing Fee deduction of ₹5000 (2.5% of 2 Lacs) from loan amount, thus, the amount credited to your account will be ₹1.95 Lacs
  2. EMI of ₹7091 per month
  3. Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
  4. Total Interest paid in 3 years = ₹55,276, hence, annual interest paid = ₹18,425 (which translates to an effective flat annual rate of interest of 9.21%)
Repaying a Qbera Smart Loan is just as Simple
Repay your loan with automatic EMI payments.
  • Age: 21-57 years old
  • Net Monthly Income must be more than Rs. 18,000.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai, Hyderabad, Jaipur, Ahmedabad or Kolkata.
  • 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)
Pradeep

Pradeep

"I am really happy that I got a loan from Qbera. My application has been rejected by lenders in the past without giving any explanation for rejection. Qbera approved my loan with minimum documents. Thanks a lot once again."

Shekhar

Shekhar

"I would like to thank Qbera for speedy loan processing. I was having a tough time in deciding which bank would actually take my request for a loan as the loan was supposed to be for credit card payoff. I was forced to use my credit card for an unforeseen expense which I could not avoid and was finding it tough to pay back due to the high interest cost on credit cards. I did not want to make many enquiries as many requests can lower the CIBIL score. I contacted Qbera on a Monday and by evening itself they had an offer for me. They kept me informed through every step of the process and were also flexible with regards to my commitments. In the end, the loan was disbursed within two days of documents submission. Thank you Qbera for simplifying the process and helping me find a loan. " Show more...

Syed

Syed

"It was a nice experience with Qbera. I have never seen such an easy process for getting a loan, especially when you need it the most. Thank you Qbera for your support."

Anish

Anish

"I had a hassle-free experience with Qbera. It was a very easy application procedure and in a short span of 3 days I got my loan credited to my account. Thank you so much for the support Team Qbera"

Arun

Arun

"It was very easy to get a loan from Qbera. I just applied on their website and got a confirmed offer immediately. The amount was transferred soon after. Will give it 5 out of 5"

Bhaskar

Bhaskar

"It's good and quick response from the Qbera team to get the loan. They are very good at the communicating the things properly and appropriately"

Are you ready to get your Qbera Smart Loan?
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QBERA

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.25,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

* Subject to Risk Profile

Need Help?
Contact our support team via WhatsApp by clicking below:
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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 89719 28484
Address:
1st Floor, Wolfpack Workspaces,
#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

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