Cheque Based Finance in Chennai

Want personal finance options in Chennai? Qbera offers cheque based finance in Chennai to salaried individuals with a minimum net monthly income of Rs. 18,000. The minimum CIBIL score required to become eligible for a personal loan from Qbera is 600. 

Cheque Based Finance from Qbera in Chennai

Getting a personal loan from Qbera is as easy as hailing a cab! As a matter of fact, it takes much lesser the time it takes to hail a cab to get an instant loan from Qbera. One of the major requirements involved in getting a loan from Qbera is the Cheque. As part of the documents required to process your loan application, you are required to provide 4 cheque leaves from your salary account. 

Documents required for cheque based finance in Chennai from Qbera

Besides the cheque leaves of your salary account that need to be provided, here are the other documents that are required to process your loan application:

• PAN Card
• Aadhaar Card
• Photographs (passport sized)
• Salary slips for the last 3 months - can be uploaded online
• Bank statements for the last 3 months - can be uploaded online

Uploading your bank statements online

Your bank statement is an important document that you will have to submit in order to complete your loan application. You will have to submit your bank statements for the last 3 months through a secure web channel by keying in your netbanking credentials. Your bank statements will automatically be retrieved, and subsequently evaluated on various parameters, the most important being your salary credit. The process takes just about 2-3 minutes. Note that you don't have to submit physical copies of your bank statements. The entire process can be completed online. 

Eligibility for Cheque Based Finance in Chennai from Qbera

Let's take a quick look at the eligibility parameters:

• You should be at least 23 years old, and not older than 55 years. 
• The information contained in your documents have to be consistent and accurate. Documents with wrong information will lead the application to be rejected. 
• You should be employed with your current employer for a minimum period of 3 months. Note that your Payslips and bank statements for the last 3 months have to be submitted, and they can be submitted online. 
• Your profile should not contain instances of defaults in the last 12 months. 

Tips to keep your credit score high

While applying for personal finance, your credit score is perhaps the most important parameter that influences your loan application. A bad credit score is certain to prompt lenders to reject your loan application. Here are some tips to keep your credit score high:

• Make timely repayments on your loan - avoid late payments as they have a negative impact on your score. 
• Make sure you avoid loan defaults at any cost. Defaults on credit card payments are also detrimental. 
• Keep a healthy balance in your savings account. 
• If your NACH is active, make sure you avoid EMI bounces, as EMI bounces reflect negatively on your credit profile.