Easy Personal Loans
Get an instant and easy loan from Qbera within 24 hours of successful documentation. These are instant cash loans that are readily available to help with any fiscal deficits. We all like to keep ourselves well cushioned financially but life never ceases to throw curve balls at us, which makes us rethink our savings.
With the digital revolution, the lending market also has undergone changes and these easy loans like the one offered by Fintech Qbera is now available for use within 24-48 hours of successful document verification. In contrast to the earlier loan processing that took several days and excessive paperwork, these new age personal loans are instant as well as completely online. The application, documents submission, verification is all done online.
Features of an easy loan from Qbera
This extremely easy loan is amazingly simple to apply to as well. The applicant has to fill out professional and personal details on the online application form and upload the supporting documents.
The KYC details are sought, credit report obtained from the bureau and all these are evaluated in accordance with Qbera’s internal credit norms. After digital verification of documents, a customized loan offer is made after successfully analyzing all aspects of the borrower’s profile. If all the documents are in place and the verification is successfully completed, the amount can be disbursed to the applicant’s bank account within 24-48 hours.
Economical interest rate
When compared to secured loans, the interest rate charged for an easy loan is a bit high. But personal loan interest rate is way lesser and easy to manage than the interest charged on credit cards. A loan from Qbera typically offers an interest rate that starts at 10.99% and may go up to 35% depending on your credit score.
Long repayment tenure
The repayment tenure has a direct effect on the monthly payouts, the longer the tenure, lesser the EMI. This ensures that the monthly household budget is managed, and you can easily cope up with it.
There is no capping on the usage of the loan amount. You can use it to consolidate your debt, pay for education, medical bills or simply fund your marriage or vacation. There are no questions asked by the lenders.
Eligibility for Easy Personal Loans from Qbera
- You should be a salaried individual with a minimum net monthly income of Rs. 18,000.
- Your credit score should be 600 or above.
- You should be at least 23 years old and not over 55 years.
- Your credit profile shouldn't contain any instance of default for the last 12 months.
- 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%)
- Age: 21-57 years old
- Net Monthly Income must be more than Rs. 18,000.
- No defaults in the last 24 months.
- You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai, Hyderabad, Jaipur, Ahmedabad or Kolkata.
Documents Required after Digital Approval
- Aadhaar Card
- PAN Card
- 4 Cheques from your Salary Account
- Current Address Proof
- Permanent Address Proof (in case the permanent address is different from the address on Aadhaar card)
"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 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"