Emergency Loan Online
Emergency Loan Online
Qbera offers emergency loans online to salaried individuals with a minimum income of Rs. 20,000 per month. Applicants with a minimum credit score of 600 are eligible to apply for an urgent cash loan from Qbera. Let's look at some features of Qbera's emergency loan.
Features of the emergency loan online from Qbera
Here are some features of emergency cash loans from Qbera:
Instant Loan Approval and Super-fast disbursal
When you apply for a personal loan from Qbera, you will receive instant loan approval if your credit score is acceptable (in line with Qbera's internal credit policy) and other aspects of your credit profile are satisfactory. Note that Qbera has lenient eligibility parameters, much unlike private banks that require individuals to have a minimum income of Rs. 20,000 and a credit score of at least 700 to qualify.
Emergency Loans Online for individuals employed in uncategorized institutions
If your company is unlisted or uncategorized, you can still be eligible for an instant personal loan from Qbera. Private Banks and traditional lenders do not offer loans to employees of unlisted companies - such applications face immediate rejection. However, in order to be eligible, an applicant should submit his/her bank statements and payslips for the last 3 months.
Personal finance options for persons staying in shared accommodations
If you're staying in a shared accommodation, you can be eligible for personal finance from Qbera. Again on this front, applicants staying in shared flats or paying guest accommodations often face rejection from top banks. Qbera, however, does not reject applications merely on the basis of type of residence.
Robust customer service
Qbera's customer service executives are available all 7 days a week to address your queries and concerns. You can contact Qbera's customer support through phone, e-mail or whatsapp.
Documents required for an emergency loan online from Qbera
- Aadhaar Card
- Proof of Income documents
- Cheques (4 nos. from your salary account)
- Bank statements for the last 3 months
A quick look at the eligibility criteria for personal finance from Qbera
- You should be at least 23 years old and not older than 55.
- You should have a minimum income of Rs. 20,000 per month.
- Your credit score should be at least 600.
- Your credit profile shouldn't contain instances of defaults over the last 12 months.
- 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%)
- 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.
Documents Required after Digital Approval
- 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)
"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"