Digital Cash Loans in India

Cash loans are now completely digitized, thanks to Fintech lending startups and P2P lending platforms. You can choose from flexible repayment tenures, a wide bandwidth of loan amounts, and complete the entire application process online. The necessity of visiting a bank branch and submitting extensive paperwork to the verification executive isn't necessary anymore. With Qbera, you can complete your cash loan application process digitally. Your information is digitally verified and you will correspondingly receive instant approval on your digital cash loan. 

Eligibility for digital cash loans in India from Qbera

• You must be a salaried individual with a minimum net monthly income of Rs. 18,000. 
• Your credit score must be at least 600. 
• No instances of defaults in the last 12 months and no EMI bounces in the last 3 months should've occurred. 
• You must be at least 23 years old and not older than 55. 
• You must be employed with your current employer for a minimum period of 3 months. 

Comparison of eligibility criteria between Qbera and Traditional lenders

Documents Required for digital cash loans from Qbera

• Aadhaar Card
• PAN Card
• Cheque Leaves from your salary account - 5 nos. 
• Photographs (Passport sized photograph)
• Address Proof
• Salary Slips - last 3 months, can be uploaded online
• Bank statements - last 3 months, can be submitted online through a secure web interface. 

Things to note while applying for a digital cash loan in India from Qbera

Here are some noteworthy points will help you understand Qbera's loan application process better:

• You can get a personal loan from Qbera even if your application has faced rejection earlier. 
• Your employer being uncategorized isn't a reason for rejection of your loan application with Qbera. While most traditional lenders reject loan applications of employees working with uncategorized or unlisted companies, Qbera does not reject such applications. Currently, Qbera is serving employees of over 7,00,000 companies in India. 
• You can get instant credit from Qbera if you reside in any of the following Indian cities: Bengaluru, Mumbai, Pune, Chennai, Hyderabad, New Delhi, Jaipur, Ahmedabad. 
• If you have EMI bounces any time over the last 3 months, your application might get rejected. Make sure you don't have instances of EMI bounces in the last few months to improve your approval chances with Qbera. 
• With Qbera, your loan amount will be disbursed within 24-48 hours after you receive final loan approval.
• Even if you reside in a shared accommodation, there isn't a reason to worry, as Qbera offers instant personal loans even to those staying in shared accommodations.  
• Loan amounts offered by Qbera range from Rs. 50,000 to Rs. 25,00,000.