Easy Loan in Mumbai

Qbera offers super-fast, easy loans in Mumbai to salaried individuals with a minimum net monthly income of Rs. 18,000. Apply today and get instant approval, post which your loan will be disbursed within 24 hours!

The financial capital of India is home to a huge number of young households. The need for money to manage sudden fiscal deficits can be easily managed with an easy loan in Mumbai from Qbera. Being a Fintech, Qbera puts into practice the best of technology to bring you superfast loans in a short turnaround period. The processing is so fast that after verifications the amount is deposited directly to your bank account in 24-48 hours’ time.

Easy personal loans in Mumbai come armed with easy ROI s and long repayment tenure that spans up to 5 years. So, for immediate requirements, you can avail the same and pay off gradually in a systematic manner.

Easy Loan in Mumbai - Difference between Qbera and traditional banks:

Features of the easy loan in Mumbai from Qbera

Low-income groups: The low-income groups who face many difficulties in getting a loan can easily get a loan from Qbera. Qbera considers applications of those with a monthly take-home salary of Rs. 18,000 per month. 

Low CIBIL score:  The low credit score is another hurdle that leads to loan rejections. However, Qbera’s lending decision is not solely dependent on CIBIL scores and so they do give loans for marginally low scores as well.

Digital experience: Qbera offers an unparalleled digital experience. The entire process of applying for an unsecured loan including the submission of necessary documents can be done online. There is absolutely no requirement to physically visit a branch. 

Quick disbursal: The best practices of technology and financial sectors are put to good use. The verifications are done online, and the lending decisions too are taken instantly. The risk calculation algorithm is put to good use and the amount is disbursed at the earliest.

Economical Interest rate: The interest rate starting at 10.99% is quite competitive and one of the best rates available in the industry. This directly means that the total payout of a loan is kept at a minimum and is affordable.

Factors that impact the credit score while applying for an Easy Loan in Mumbai 

• Payment history which includes all past payment lists that include defaults and late payments. This has a huge impact on a credit score and is also a red flag for many lenders.

• It is considered good if you have diverse credit types. The presence of both secured and unsecured loans is preferred and shows your credit management skills.

• Credit inquiries made by lending institutions are also known as ‘hard-pulls’. Many such inquiries are thought to be signs of credit-hungry behavior and again deterrents for lending institutions.

• The level of debt usage made by you also has an impact, the closer you are towards the maximum allowed limit, lower the score. This again shows how you manage your credit.