Emergency Personal Loan
Emergency Personal Loan
Looking for an emergency personal loan that you can get instantly to tide over your financial crisis. Apply for an emergency cash loan from Qbera and get your loan amount instantly.
How to apply for emergency personal loans from Qbera?
By following these simple steps, you can apply for an emergency cash loan from Qbera:
- Visit the site https://www.qbera.com.html and click on the "Apply" option. You will then be directed to the page wherein your details need to be filled out. If you are a salaried individual, click on the relevant option.
- Fill out your details in the respective fields. Make sure the information you enter is correct.
- You will then receive instant loan approval - your credit profile is obtained from the bureau by Qbera's algorithm, and you'll accordingly receive approval.
- If your profile does not meet Qbera's internal credit norms, you will not be able to proceed with your application.
- Once you receive initial approval, you can go ahead and submit your supporting documents. You will also need to submit your e-bank statements through a secure web channel using your internet banking credentials.
- An executive from Qbera will come and receive your documents the very same day. You will, before this, be made a customized loan offer based on your credit health, which you can accept. The customized loan offer will contain your approved loan amount.
- After your documents are verified, you will receive a final loan approval, following which your loan amount will be disbursed to your bank account within 48 hours.
Tips on how you can increase your approval chances
You can improve your approval chances by having a good credit score. If you have to meet Qbera's eligibility criterion, you should have a minimum credits score of 600. MAking regular repayments month-on-month on your existing credit liabilities will help keep your score at a good level, thereby helping you improve your approval chances with lenders. Most top banks that operate in the personal loan segment require individuals to have a minimum credit score of 700. Qbera, however, allows individuals with sub-prime credit scores to apply for loans as well.
Documents required for an emergency personal loan from Qbera
In order to complete your loan application process, you should submit the following documents:
- Aadhaar Card
- PAN Card
- Proof of address
- Salary and income documents
A Quick look at the eligibility for an emergency personal loan from Qbera
- 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
Interest Rate & Other Charges
||11.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 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.
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"