Easy Paperless Loans are loans that you can get within 24-48 hours after receiving approval. The application process is paperless and involves negligible paperwork - it isn't like how it used to be when personal loan applications involved extensive paperwork and took several days for processing and disbursal. All documents required for loan processing can be submitted online. If you're looking for an easy personal loan, you can get one from Qbera if your minimum monthly income is Rs. 18,000 and your credit score is at least 600.
Applying for an easy loan from Qbera comes with a host of benefits. Let's take a look:
Online application process
You can start and complete the entire process online. All you've got to do is fill out your professional and personal details in the online application form, and upload your documents online. You'll have to upload your bank statements online as well. Bank statements can be uploaded online through a completely secure web channel by using your netbanking details.
Instant online approval on easy personal loans
You will receive instant loan approval if you meet all the eligibility parameters spelled out by Qbera. With your KYC details, your credit report is instantly obtained from the bureau and evaluated in accordance with Qbera's internal credit norms through an advanced risk-assessment algorithm. Once you receive approval, you can go ahead and upload your bank statements. Note that the initial approval isn't the final approval - the final approval is generated after your documents are verified and an executive visits you to verify your KYC documents.
Same day loan disbursal
After your documents are digitally verified, you'll receive final loan approval and a customized loan offer after all aspects of your profile are evaluated. The loan offer might not contain the exact amount you've applied for - your approved amount will depend on a string of aspects including your monthly income, monthly repayment obligations, credit profile etc. Once you accept the final loan offer, your amount will be disbursed within 24 hours.
Flexible tenure options
You can choose a tenure from 12 months to 60 months depending on your repayment convenience. Longer tenures attract lower monthly repayment amounts while shorter tenures attract higher monthly repayment amounts. If your loan amount is high, you can always pick a longer loan tenure to reduce your monthly repayment amounts and maybe then pre-close your loan at a certain charge that is usually about 2% of your outstanding balance.
Wide choice of loan amounts
Qbera offers easy personal loans from Rs. 1,00,000 to Rs. 25,00,000. You can choose to borrow an amount within this range but as mentioned earlier, your approved loan amount will depend on a bunch of relevant parameters.
||11.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 months
"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"