Education Loan

We all know the importance of education; having a good education can open numerous doors and mean a bright future for anyone, no matter what background you are from. However, the price of education, right from elementary, is rising at an alarming rate. Many couples around the world are avoiding having children because of this exact reason; giving a child a good education can crush your finances.

The problem is that employers, particularly those from the best companies, expect you to have education from the best institutions. Where you have a degree or masters from is as important as having a degree or masters itself. That’s why, for those wanting to get into the best companies, with competitive salary, a degree from the best institutions is a must.

With your salary flying out of your hand the moment it gets credited in your account, where is the opportunity to save for an education, whether it is for yourself or for your child? After all, the rent, electricity, water, Wi-Fi and other bills have to be paid like clockwork. We at Qbera understand all of this and your desire for a good education, which is why we have come up with the Education loan. With our education loan you don’t need to put off getting that master’s degree which would significantly improve your salary and work life. You don’t need to compromise on the quality of your child’s education by putting him/her in a school that is not the very best for their future.

Education Loan Eligibility Criteria

You are eligible for an Education Loan from Qbera if:

Documents required for an Education Loan

Education Loan Interest Rate

How to Apply for an Education Loan

Getting an Education Loan via Qbera is as easy as buying a notebook; it’s a simple five step process:
  1. Log on to and fill in the application form (which takes just about 5 minutes)
  2. Upload your bank statement on the website
  3. Get an offer from Qbera within 4 hours
  4. A representative from us will come to you, at your convenience and collect the required documents.
  5. Once approved, the amount will be transferred to your account in less than 24 hours.

Features & Benefits of Education Loan:

Quick and painless

Nothing is as important to us as making sure that the whole process of availing Student Personal Loans is as easy as possible for our customers. If you look through our terms and conditions, you will see that we have very flexible terms. The process also involves minimal paperwork and the loan can be availed very quickly which means that you can receive the best education with minimal effort.

No collateral:

As we provide only unsecured loans, you do not have to worry about putting up any valuables as collateral for your education loan.

Up to 100% financing:

The price of education can vary depending on the institution, course and other factors. We provide education loans starting from INR 50,000 and up to INR 7.5 lacs, so that you are not restricted in terms of funds when it comes to your future. You can use the lump sum that you avail from Qbera for any reason at all from; purchasing the required material, the travel expense, hostel expense, fees and much more. As education loan comes in the umbrella of personal loans, there are no restrictions as to what the fund can be used for.

Flexible repayment tenure:

When it comes to repayment tenures, we realize that your repayment capacity varies which is why we offer flexible repayment tenures. You can choose between 1 to 3 years to make the repayment. The benefit with this is that you will be able to choose whether you want to pay off the sum in small sums over a longer period or in large sums over a shorter period. If you choose to pay in small sums it will be easier on your monthly expense. However, this will mean that at the end you will find that you paid more as interest adds on each month, and the longer you make repayments, the longer you will be paying interest. If you pay off the loan in larger sums, you may have to tighten your belt on your monthly expense, but at least you can finish off the repayment quickly and you would end up paying less in total as you would have paid less interest.

After the first year of availing the loan, you can prepay the entire sum in one shot without paying a prepayment fee.

One-day processing

Once you have filled up the online application, submitted the due documents and the documents have been approved by us, the amount will be credited in your account in just a day.

Complete transparency:

We would like to avoid any instances where you would be fined unknowingly. That is why we make sure to inform you about all (if any) fines, fees and rates that you may be liable to at the time of availing the loan so that you are not blindsided by any.

Unmatched support:

From the moment that you decide to take an education loan from us to the moment that you complete your repayment, we offer complete support. Our staff are anytime between 10AM and 6PM IST on weekdays and between 10AM to 1PM on weekends. We can be reached via whatsapp at +91 89719 28484, by chat on the website or you can email us. If you leave a message, you can be sure that a staff member will get back to you in just a day.

Absolute confidentiality:

You do not have to worry about your information that you have provided to us in confidence to be given to any third party. We truly value your privacy.

Credit History:

We make sure that your credit history is enhanced by sending regular reports to various credit bureaus.

Frequently Asked Questions on Education Loan

How can I get in touch with Qbera?

You can reach the Qbera staff anytime between 10AM and 6PM IST on weekdays and between 10AM to 1PM on weekends. Our staff can be reached via Whatsapp at +91 89719 28484, by chat on the website or you can email us. If you leave a message, a staff member will get back to you in just a day.

What is the maximum period I can take to make a repayment?

Complete repayment of your loan can be done between 1 to 3 years. You could either pay off in small amounts over a longer period of time or in large sums over a short period of time. After the first year of availing the loan, you could decide to pay off the rest in one large sum, without paying a prepayment fee.

What is the processing fee that Qbera charges on education loans?

The processing fee will depend on the amount that you borrow. However you can be sure that it is within the range of 2-3%.

What is the interest that I will be charged for education loan?

The education loan interest that is charged ranges from 14 to 24%. The exact amount depends on certain factors such as your ability to pay back, work experience, history of past repayments, credit score, profession and age. The deciding factors are computed and decided within a day so you don’t have to wait a long period to make your decision.


We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.50,000 to Rs.7,50,000. APR ranges from 14% to 24%. Loan lengths range from 12 to 48 months. Administration fee ranges from 2% to 4%.

* Subject to Risk Profile

Phone: 1800 4198 121
Whatsapp:+91 89719 28484
1st Floor, Wolfpack Workspaces,
#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

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