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Qbera Digital Loan

Qbera Instant Personal Loan!
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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, also commonly referred to as instant personal loans, instant loans, online personal loans and quick loans, are loans that are processed digitally. This technically means that almost the entire process from beginning to end takes place without the necessity of cumbersome paperwork. Note that unlike digital loans or instant loans, traditional personal loans offered by banks and financial institutions involved, and still involve, a bunch of taxing paperwork requiring a host of signatures. 

While we explore the world of digital loans and how they’ve changed the lending landscape in India, let’s take a look at some comparative features – of instant loans and traditional personal loans. 

Here are some notable features of digital loans (instant personal loans):

Digital loans are literally “Instant”

Digital personal loans, also called instant personal loans, as literally instant. This doesn’t technically mean that you’ll receive the money instantly into your account – this means that you’ll receive instant approval based on your income and credit profile.

Easy eligibility parameters

Digital loans have easy eligibility parameters compare traditional unsecured loans offered by traditional banks and financial institutions. Most banks that are popular in the personal loan lending space don’t entertain applications that have a low credit score - low here indicates a score of less than 750. Digital loans, that are mostly offered by Fintech companies, entertain applications with credit scores as less as 600. 

Other related aspects like late payments and defaults will also severely affect your chances of getting a loan from a traditional or conventional lender like a bank. While defaults aren’t entertained by any lender, Fintechs do allow few instances of late payments in the past. However, defaults should ideally not have occurred in the last one year from the date of applying for the loan. 

Minimal paperwork 

Instant personal loans involve minimal paperwork, unlike conventional personal loans that require extensive paperwork and physical submission and verification of documents. As mentioned earlier, Fintech companies, who are pioneers in ushering in the new age concepts of digital loans and online loans, grant approval to customers within minutes by digitally verifying their credit profile. 

More so, customers are given the provision of submitting/uploading their documents online – all documents including income documents (salary slips), bank statements, identity documents, and residential documents can be uploaded on the web or mobile platform of the Fintech Company. 

The digital application process reduces turnaround times drastically – applications that used to take weeks (from traditional lenders), can now be achieved within 1-2 days because of the entirely digital process. 

Loans to employees of unlisted companies

One of the foremost advantages of digital loans is that these loans are provided to individuals employed with unlisted companies as well. Note that when traditional lending institutions screen a profile and evaluate the eligibility, they take into consideration the employee’s company/ organization. If the organization is listed on the bank’s database, the customer is temporarily approved. Note that banks only list companies that have a good credit outlook, stable and consistent revenues, and a market presence for a minimum number of years. 

Fintech companies like Qbera, however, caters to employees of almost 7 lakh companies in India, giving loans to even employees of unlisted companies. 

The fact of the matter, however, is that the employer information doesn’t become the only criteria for loan approval. While Fintechs provide loans to salaried individuals of unlisted companies, loans are provided only to deserving customers who are above the minimum credit eligibility threshold. 

Documents for a Digital Personal Loan with Qbera

Here are the documents that need to be submitted:

  • Proof of Identity – Driving Licence/Passport/VoterID/Aadhaar/PAN

  • Proof of Income – Salary slips for the last 3 months, Bank statement for the last 6 months (can be automatically sent through netbanking credentials)

  • Proof of Residence – Utility Bill/Aadhaar/VoterId/Driving Licence/Passport

Note: Aadhaar and PAN are compulsory to apply for a digital or instant loan

Eligibility for a digital loan

You are required to meet the following eligibility parameters for an instant personal loan

  • A minimum income of INR 20,000 p.m.

  • A minimum credit score of 625. 

  • You must be a salaried employee. 

  • All documents submitted must contain credible information, which will be separately verified. 

  • No instances of default should’ve taken place in the last 1 year. 

1. Which are the cities where I can avail a Qbera Digital Loan?

A. You can avail a Qbera Digital Loan if you reside in any one of these cities:

  • Bangalore

  • Mumbai

  • Hyderabad

  • Delhi/NCR

  • Jaipur

  • Ahmedabad

  • Chennai

  • Pune

2. Can I apply for a loan if y credit score is less than 600?

A. You can apply, yes. A credit score of up to 600 is sometimes considered if you’ve maintained a decent repayment profile over the last 1 year. 

3. How long will the loan amount take to be disbursed to my account?

A. The loan amount will usually take about 24-48 hours to be disbursed to your account. 

4. What should be my minimum age if I have to become eligible for a Qbera Instant Loan?

A. You should be at least 23 years of age to be eligible for a Qbera Instant Loan. 

5. What is the starting interest rate on the Qbera Personal Loan?

A. Interest rates start at 11.99% p.a. for Qbera Personal Loans. 

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?
Apply Now


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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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