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Digital personal loans in India

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Choose your employment status to find the Qbera Loan that’s best for you!
I am Salaried (I currently work for a Private Ltd, Public Ltd, Govt., LLP)
I am Salaried (I currently work for a Proprietorship, Partnership Firm)
I am Self Employed (I have my own business)
I am Currently Not Employed
Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Digital Personal Loans in India

The presence of digital personal loans in India has heralded the digital era. Gone are the days when the process of applying for a loan was synonymous with pile-high paper works and multiple visits to the bank. Today you can apply for one sitting in the comfort of your home. The extensive paperwork to has been replaced with the facility to upload copies of the document and extensive usage of secured sites. For digital personal loans in India, it is best to take them from Fintech companies like Qbera that offers excellent digital features.

The increase in the number of small households has ensured that there is never ending demand for instant personal loan. Personal loans are collateral free loans and so there is no requirement to pledge any kind of asset with the lender. This particular feature is very useful for individuals who do not possess any kind of asset. Digital personal loans are classified under unsecured loans and are considered high-risk, which explains the slightly higher interest rate that they carry.

Features of digital personal loans in India

The most important feature of a digital loan is the complete digital form of loan application, document submission, verification, and disbursal. All aspects of a loan granting process are done online. There are a few hard copies of documents such as Aadhar card, cheques leaves, photographs and PAN card that are collected by an executive of Qbera. Barring these, the entire process is digitized.

CIBIL score forms the crux of a loan lending decision as it gives lenders an insight into the creditworthiness of an applicant. While banks prefer a score of 750 and above, Fintechs like Qbera processes applicants with a score of 600 as well. This is like a boon to people with marginally low credit scores.

Persons in the low-income category find it extremely hard to secure an unsecured loan. Even if they have a regular monthly salary, they are denied loans. Lenders of unsecured loans expect the borrower to repay the loan form salary and so do not usually entertain persons with low income. Qbera, however, does consider applicants with a monthly salary of Rs 18,000 as well.

Another category that finds difficulty in securing a loan are individuals in rented accommodations or shared accommodation. The absence of a permanent residency is considered as a risk factor prompting banks to reject their loan application. Qbera does consider such applications.

Manageable interest rate and long repayment tenure ensure that a person with Qbera digital personal loan is not overstretched while paying monthly EMIs. Long tenure helps in bringing down the monthly payouts.

So, the basic eligibility criteria are-

•    You must be a salaried individual

•    You must have a min net salary of Rs.18 000/-

•    You must be above 23 years of age and less than 55 years

•    A minimum CIBIL score of 600 and no defaults in the last 24 months

View a complete list of our FAQs at our help center

Interest Rate & Other Charges

Interest Rate
11.99% to 35.99%
Processing Fee
1% to 5% of total loan amount
Loan Amount
₹1,00,000 to ₹15,00,000
Loan Tenure
12 to 60 months
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.
  • Aadhaar Card
  • PAN Card
  • Current Address Proof


"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."



"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...



"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."



"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"



"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"



"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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We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.1,00,000 to Rs.15,00,000. 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:

E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 72080 56906
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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