Qbera Open Nav
Simple . Fast . Secure

Eligibility for Personal Loans

Qbera Private Loan Online.
Apply now!
Choose your employment status to find the Qbera Loan that’s best for you!
I am Salaried (I currently work for a Private Ltd, Public Ltd, Govt., LLP)
I am Salaried (I currently work for a Proprietorship, Partnership Firm)
I am Self Employed (I have my own business)
I am Currently Not Employed
Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Eligibility Criteria for Instant Personal Loans

Instant Personal Loans

Personal loans are the easiest way to finance your immediate monetary needs. They can be utilized for various reasons such as travel, home renovation, education and medical emergency and so on. These days, traditional loans are no match for the quick approvals and convenience offered by instant loans. But do we really know whether we are eligible for one? 

Qbera is a Bangalore based Fintech Company that provides instant personal loans at competitive interest rates starting at 11.99%. Our loan application process is completely digital and we require the least time to revert with an offer based on your application details. 

What is Loan Eligibility?

Your loan eligibility decides whether or not you can borrow money from a bank or any financial institution. Lenders take this decision on the basis of their risk assessment criteria which may include age, employment, credit history, monthly income etc. 

Since different lenders have different perceptions for risk, the eligibility criteria for personal loans vary from lender to lender. Banks follow a rigid structure while deciding the creditworthiness of a borrower. Sometimes they even take more than a week to make a decision. 

And what if your loan application gets rejected? After making frequent visits to the branch office with a set of documents and getting a No? Smart Indian citizens now apply for a loan online

Qbera has even made it simple by allowing for paperless loan applications. You just need to meet the following criteria to be eligible for a personal loan.

Table 1: Eligibility Criteria to apply for an instant personal loan from Qbera

Eligibility Criteria
 for Qbera


23 to 55 years


Rs. 20,000 or more

Loan defaults

No defaults in last 24 months


  • Delhi/NCR

  • Bangalore

  • Pune

  • Chennai

  • Mumbai

  • Hyderabad

  • Ahmedabad

  • Jaipur

Credit score cut-off

625 (ideally)


Why is it easy to be eligible for a Personal loan from Qbera?

Qbera offers loans that are starkly different from loans offered by traditional lenders like banks and other financial institutions. Our ideal customer is not the one with high monthly income or high credit score. As mentioned in Table 1 we provide collateral-free loans to salaried individuals earning as low as Rs. 20,000 a month and a credit score of as low as 625. We cover more than 7 lakh companies to be able to include a large segment of professionals who get rejected from other lenders if their employer is not listed. Take a look at how we differ from other lenders in the online marketplace sector. 

Table 2: Difference between risk assessment of Qbera and Traditional lenders

Banks/NBFCs/Credit Unions

Credit Score

We offer loans to individuals with a credit score of 625 and who do not have a credit score at all.

These institutions do not offer loans to individuals with credit score under 750.


With a coverage of more than 7 lakh employers, we are able to provide personal loans to a large number of underserved salaried individuals. 

Banks and other financial institutions have a limited database of companies and they disqualify the customer if his/her employer is not listed. 


We provide loans to individuals who reside in shared accommodations like PGs.

Traditional lenders like banks do not provide loans to those who reside in PGs.

Risk assessment

Qbera follows proprietary risk-management model to judge the repayment capacity of the borrower.

Banks and other financial institutions follow a strict norm to check the repayment capacity of borrower. 

Alternative sources

Qbera takes a step further to assess the creditworthiness of a borrower. We use customer’s social network profile, SMS, e-mails etc. to get an insight about their spending habits and savings transactions. 

Traditional lenders rely only on the credit score to check whether the customer is worthy of a personal loan or not. 


Follow these simple steps to apply for a loan from Qbera

  1. Choose a purpose: The popular purposes for which people apply for a personal loan include travel, closing a credit card debt, home renovation, medical emergency etc. 

  2. Know your eligible loan amount: Use our online EMI calculator to find out how much you can borrow based on your monthly income and any other EMIs if you are paying at present. Our EMIs start at Rs. 2700.

  3. Fill the online application form: Provide your personal details such as name, personal email-Id, employment and residential details. (Make sure you fill the correct details in this form)

  4. Give your bank & employment details: Fill your net-banking details to verify transaction history and your official e-mail Id to verify your employment. 

  5. Get a loan offer: Based on our scoring algorithm, we will get back to you in few hours with a loan offer that fits your budget. 
View a complete list of our FAQs at our help center

Interest Rate & Other Charges

Interest Rate
11.99% to 35.99%
Processing Fee
1% to 5% of total loan amount
Loan Amount
₹1,00,000 to ₹15,00,000
Loan Tenure
12 to 60 months
Getting a Qbera Smart Loan is Simple
Fill out our online application form
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.
Connect your Bank Account
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.
Select your loan term
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.
You’re done! Get the money in your Bank Account as early as tomorrow.
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:
  1. 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
  2. EMI of ₹7091 per month
  3. Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
  4. 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%)
Repaying a Qbera Smart Loan is just as Simple
Repay your loan with automatic EMI payments.
  • Age: 21-57 years old
  • Net Monthly Income must be more than Rs. 18,000.
  • No defaults in the last 24 months.
  • Aadhaar Card
  • PAN Card
  • Current Address Proof


"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 would like to thank Qbera for speedy loan processing. I was having a tough time in deciding which bank would actually take my request for a loan as the loan was supposed to be for credit card payoff. I was forced to use my credit card for an unforeseen expense which I could not avoid and was finding it tough to pay back due to the high interest cost on credit cards. 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"

Are you ready to get your Qbera Smart Loan?
Apply Now


Powered by InCred

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

Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

* Subject to Risk Profile

Need Help?
Contact our support team via WhatsApp by clicking below:

E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 72080 56906
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

© 2021 Qbera | All Rights Reserved