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:
Qbera
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Traditional Banks
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CIBIL score of 600
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A minimum CIBIL score of 750
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Minimum net monthly income of Rs. 18,000
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Minimum net salary of Rs 30, 000 and more
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No defaults in the last 12 months
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No defaults in the last 12 months
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Late payments a few times are allowed
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Overdue payments attract heavy penalty
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Paperless loans
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Paperwork involved
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Features of Easy Personal Loans in Delhi from Qbera
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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.
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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.
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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
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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.
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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.
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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.
View a complete list of our FAQs at our
help center
Interest Rate & Other Charges
Interest Rate
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11.99% to 35.99%
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Processing Fee
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1% to 5% of total loan amount
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Loan Amount
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₹1,00,000 to ₹15,00,000
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Loan Tenure
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12 to 60 months
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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.
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.
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.
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:
- 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
- EMI of ₹7091 per month
- Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
- 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%)
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