Get emergency cash immediately from Qbera at low interest rates! The interest rate on Qbera's emergency cash loans start from 11.99% p.a. and go up to 25% p.a. Qbera offers instant cash loans to individuals with a minimum credit score of 600 and a minimum net monthly take-home income of Rs. 20,000. Let's take a quick look at the eligibility parameters that applicants have to meet in order to qualify for emergency cash immediately from Qbera.
Eligibility for emergency cash loans from Qbera
- You should be at least 23 years old, and not over 55.
- You should have a minimum net monthly income of Rs. 20,000 in order to be eligible.
- Your credit score should be 600, and your profile should have no instances of defaults in the last 12 months.
- There should be no instances of EMI bounces in the last 3 months.
- You must be employed with your current organization for a minimum period of 3 years.
Documents required for emergency cash immediately from Qbera
You will have to submit the following documents in order to be eligible for an emergency cash loan from Qbera:
- Aadhaar Card
- PAN Card
- 5 Cheque Leaves from your salary account
- Bank statements and Payslips for the last 3 months
- Proof of address document
- Photographs
Getting Emergency Cash Immediately from Qbera - Here is what you should know
In order to get an emergency cash loan from Qbera, you are required to meet the eligibility parameters mentioned above. Once you apply for personal finance from Qbera by filling out your details in the online application form, you will receive instant loan approval if your profile meets Qbera's internal eligibility norms. You will then have to submit your bank statements and salary slips for the last 3 months, following which an executive from Qbera will schedule an appointment with you to collect your physical documents. Your documents will then be verified, following which you will receive a final loan offer. The loan amount offered to you will depend on your income, credit health, and monthly repayment capacity. After you accept the final loan offer, you will receive the loan amount in your bank account within 24-48 hours!
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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
|
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.
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.
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.
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:
- 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%)
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