Easy Loan in Delhi

Easy Loans in Delhi from Qbera come with affordable rates of interest starting from 10.99% p.a. Apply today and get your loan amount within 24-48 hours. Minimum salary required to apply for easy personal loans in Delhi from Qbera is Rs. 18,000. 

When unexpected expenses come knocking what is the best way to arrange money? Well, the answer is quite straightforward- an easy loan in Delhi from Qbera. A personal loan is your solution for all unexpected as well as planned expenses. Earlier, saving up was the only way to buy things that you require or that you dreamt of. The easy availability of credit has changed the scene and now, you can take a loan and buy your requirements and then over a period of time, repay the loan amount. This has made life much easier and simpler.

In recent times, multiple Fintech and P2P lenders have come up with the instant personal loan option in Delhi. And where banks ideally take a week or more to process the same, Fintechs have revolutionized the scene with same day loans.

Easy Loans in Delhi - Difference between Qbera and traditional banks:

Features of Easy Personal Loans in Delhi from Qbera

• These are collateral-free loans and the absence of collateral makes them a slightly high-risk affair, and so the interest rate charged is a bit higher than that involved in secured loans. 

• Qbera makes extensive use of their risk calculation algorithms that base the credit profiling on the social and economic behavior of the individual rather than just the CIBIL score. So, a marginally lower CIBIL score is accepted.

• The multifunctional nature of this loan makes it an ideal choice when managing fiscal deficits of any kind. A Fund shortage while planning a wedding, emergency hospital bills, urgent repairs to the home or renovations, upgrading home appliances, looking for a used vehicle or consolidation of debts - all this can be managed with a quick cash loan. They can be used in non-emergency cases as well, for example- to fund a course that you have always wanted to do or to plan for an exotic vacation.

Factors that impact the credit score

The credit score of an individual is one of the most important aspects that is considered by all financial institutions. The credit agencies such as CIBIL gather your credit history from banks and other financial institutions and then assign a point system to determine your creditworthiness. The reports are usually submitted to CIBIL in a pre-determined interval, say quarterly or half-yearly.

Some factors that have an impact on the credit score are while applying for an Easy Loan in Delhi

1. Payment history- How regular were you in making payments? Were there any overdue payments or instances where the payment was not made at all? These are the questions that account for 35% of your credit score.

2. Credit history- for how long have you been taking out loans is another parameter that influences your credit score. The length of your credit history makes up for 15% of the weightage on your credit score. 

3. Credit usage- How much credit has been used? Whether you are using the max possible credit, or it was in the medium or low range - these constitute another 30% of the credit score.