Want a flexi loan in India that you can repay through flexible repayment tenures? Qbera offers flexi loans to salaried individuals with a minimum net monthly income of Rs. 20,000 per month.
What are flexi loans?
Flexi loans are loans that have flexible repayment tenures and loan amounts. Customers can choose from small amounts starting from Rs. 25,000, to amounts up to Rs. 20,00,000. Flexi loans come with repayment tenures from 6 months to 60 months. Several lenders these days offer flexi personal loans to individuals - both salaried and self-employed individuals. Qbera is a popular Fintech company offering flexi loans to individuals at interest rates starting from 11.99% p.a.
How can you get a flexi loan from Qbera?
Getting a flexi loan from Qbera is extremely simple. All you've got to do is visit the official Qbera website and fill out the online application form - you will need to fill out your personal, professional and KYC details. After filling out the form, you will need to upload your supporting documents, including your bank statements (through a secure web channel by using your login credentials).
Once your documents are verified, you will be made a customized loan offer within a few hours.
Note that collection of physical documents is necessary - and is scheduled once initial approval is received. After the documents are verified and the final offer is accepted, the loan amount is disbursed within 24-48 hours.
Documents required for a flexi loan from Qbera
The following are the documents that need to be submitted for flexi loans from Qbera:
- Aadhaar Card
- PAN Card
- Proof of address
- Salary and income documents
Eligibility criteria for flexi loans fro 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"
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