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Emergency Cash Loans

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Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 10.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Emergency Cash Loans

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.

Key features and criteria for a Qbera Emergency Cash Loan

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.

Documents for Emergency Cash Loan

  • Aadhaar Card
  • PAN Card
  • Proof of address
  • Salary and income documents
  • Photographs

Eligibility Parameters for an Emergency Cash Loan

  • You must be a salaried individual-
  • You must have a min net salary of Rs.20 000/-
  • You must be above 23 years of age and less than 55 years
  • Minimum CIBIL score of 575 and no defaults in the last 24 months
View a complete list of our FAQs at our help center
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.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai, Hyderabad, Jaipur, Ahmedabad or Kolkata.
  • Aadhaar Card
  • PAN Card
  • 4 Cheques from your Salary Account
  • Current Address Proof
  • Permanent Address Proof (in case the permanent address is different from the address on Aadhaar card)
Pradeep

Pradeep

"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."

Shekhar

Shekhar

"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...

Syed

Syed

"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."

Anish

Anish

"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"

Arun

Arun

"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"

Bhaskar

Bhaskar

"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?
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QBERA

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.25,00,000. APR ranges from 10.99% 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:
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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 89719 28484
Address:
1st Floor, Wolfpack Workspaces,
#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

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