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Personal Loans made simple!

Find the loan that's perfect for you!
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It only takes 2 minutes
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%.

Fast Approval Personal Loans Online


The presence of fast approval personal loans online has revolutionized the way people look at financial deficits. While earlier this warranted loads of paperwork and unlimited visits to the banks, the innovations, and technological advancements have made instant loans a possibility. The process of e-verification has helped speed up the process that has made fast approval personal loans a reality. 

Qbera with its modern ways has managed to provide a complete digital loan solution which includes application submission, documentation, verification as well as loan disbursal, completely online with no requirement to physically visit a branch or provide massive paperwork.

Fast Approval Personal Loans - Difference between Qbera and Traditional Banks


Parameters
Qbera
Private Banks

Parameters

Qbera

Banks

Processing fee

1% -5%

2.25% of principal + GST

Interest rate

Starting at 10.99%

Starting at 11.99%

Credit Score required

600 and above

750 and above

Loan amount 

Up to Rs 25 00 000

Up to Rs 15 00 000

Minimum age required

23 years

21 years

Pre-closure charges

5% + GST

5% + GST after a lock in period


Features of Fast approval personal loan online from Qbera

  • Short TAT: The entire process of applying for the personal loan that includes application, document verification, and amount disbursal is completed within 24-48 hours. 

  • Digital Experience: The emphasis is on digital experience for the applicant. The documents are submitted online and there is minimal paperwork. A few hard copies of documents are required that include Aadhar card, PAN card, income and salary documents along with photographs and cheques.

  • Persons in the low-income category face difficulty while accessing loans especially when the need is urgent. Fintech’s like Qbera does consider individuals with a minimum take-home salary of Rs.20 000 for fast approval personal loans online.

  • CIBIL score is indicative of the creditworthiness of an individual. As these loans are unsecured, there is much importance placed on the credits scores and most banks prefer a score of 750 and above. This makes it difficult for individuals with a lower score, but Fintech’s do consider a marginally less score of 600 as well.

Step by step guide to applying for fast approval personal loans online

  • The first step is choosing the best lender. Shop around for better interest rate and a personalized loan quote.

  • Then analyze your requirement to ascertain the loan value required.

  • Check at the eligibility conditions set by the lender to know if you qualify. If not take measures s that your application is not rejected in the initial screenings.

  • Login to the website and fill in the personal and professional details required.

  • Following initial acceptance of the application, verification is carried out. After this, a personal loan quote is communicated through the mail

  • Validating documents have to be submitted after accepting the mailed loan quote.

  • Post document verifications, the accepted loan amount is reflected in the applicant’s bank account.


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?
Select your employment type to proceed.
Self-Employed
Salaried

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:
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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