Documents Required for Personal Loan

Documents Required & Eligibility Criteria For Personal Loan

A personal loan is meant to provide monetary help to salaried individuals depending upon their monthly income and capability to pay back the loan amount and various other factors. The individual needs to provide a set of documents and pass the eligibility criteria for availing a personal loan. Qbera provides instant personal loans for salaried individuals starting from Rs. 50,000 to 7,50,000 at an APR ranging from 14% to 24%. Loan tenure ranges from 12 to 36 months and the administration fees range between 2% to 3%. The two factors ‘documents’ and ‘eligibility criteria’ vary for different banks. Let’s take a look at the general documents required for a personal loan.

Documents Required for Personal Loan

Here are some of the documents you need to keep handy while applying for an instant personal loan:

Identity Proof

Current Address Proof

Eligibility Criteria for Personal Loan

  1. Your age limit required for applying for a personal loan is 23 to 55 years.
  2. You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai and Hyderabad.
  3. You must be working for a Private Limited Company or a Public Company/Organisation.  
If you have taken a loan/credit card in the past If you haven’t taken any loan/credit card in the past
You must have a net take home salary of Rs. 20,000 per month. You must have a net take home salary of Rs. 25,000 per month.
You must not have any defaults in the last 24 months. You must not have any cheque bounces in the last 6 months.

FAQ on Personal Loan Documents Required & Eligibility Criteria

  1. Do I need to come to the Qbera office to submit the Documents for Personal loan?
    No, you can apply for personal loan online and upload the bank statements and a customer representative will collect the documents from your home.
  2. What if I don’t know what is my credit score?
    Don’t worry, Qbera will check that for you.
  3. What is the minimum age required to apply for a Personal Loan with Qbera?
    You need to be atleast 23 years old to apply for a personal loan with Qbera.
  4. What should be my minimum income if I don’t have any credit history?
    If you don’t have any credit card or any loans earlier, your minimum monthly income should be Rs. 25,000 per month to be eligible for a personal loan with Qbera.
  5. How do I apply for Personal Loan on Qbera Online?
    Go to our website Qbera.com, fill up the online application form, upload the bank statements and depending on your monthly income and credit history, you will receive an offer within 24 hours.

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.7,50,000. APR ranges from 14% to 24%. Loan lengths range from 12 to 48 months. Administration fee ranges from 2% to 4%.

* Subject to Risk Profile

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

© 2016 Qbera | All Rights Reserved