Need an emergency cash loan to tide over a crisis? You can choose instant online personal loans from Qbera. Immediate requirement for money calls for immediate action and funds. Banks and other financial institutes may not be handy at such a time with their set of rules and procedures. Fintech’ s, on the other hand, are much more effective in such situations.
You can opt for either personal loans or payday loans for immediate cash loans.
Payday loans are extremely easy to get, but, they have to be repaid in a truly short duration of time and they also have an exceedingly high interest rate. It's quite easy to fall into the trap of cyclic debt after taking a payday loan. A personal loan is a better alternative as do not require one to pledge any collateral and has longer repayment tenure. Also, if you choose Qbera there is minimal paperwork and manageable interest rate as well.
Emergency cash loans are extended to salaried individuals. A personal loan does not require any collateral or guarantor and it is understood that the applicant will be repaying the amount from his/her salary. The applicant must have a minimum take home salary of Rs 20,000 and a relaxed income to debt ratio.
A personal loan from Qbera can be repaid within a tenure of 6 months to 60 months. A long tenure ensures that the monthly EMI is manageable and easy to handle by the applicant. To avail maximum benefits of the long repayment tenure, the age group of 23-55 years is preferred.
The interest rate charged is strictly regulated and it typically starts at 11.99% with the maximum at 35%. However, this can be negotiated if you have a good CIBIL score. The credit score is a premium criterion that judges the credibility of an individual. The higher the score, more likely you are to negotiate a better interest rate.
To apply for an emergency cash loan, the applicant has to fill up the loan application online as well as a few parameters that are used to approve or reject the application. Once the internal qualifying norms are met and the application is approved, the applicant can submit supporting documents like bank statements and pay slips online using secure banking credentials. The minimal paper-works include submission of documents like Aadhar card, PAN card, Salary slips and income statements, bank statements, photographs and post-dated cheques from the salary account.
||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"