Get an Instant Loan through these simple steps

To get an instant loan, it is imperative to have a clear knowledge about how loans are granted and the document requirements as well. Instant loans are personal loans that are granted to an applicant without any collaterals.

These instant loans are truly digital, with the provision of completing the entire process online with minimal documentation.

Apply for an instant loan through these very simple steps

• Every initiative starts with an idea and a thought. So, the first part is undoubtedly the assessment of the requirement. Assess your requirements minutely and decide at an amount that will be enough to meet the need. Qbera offers loans ranging from Rs.50,000 to Rs.25,00,000 and so is able to cater to your every need.
• Having arrived at an amount needed, the next question is the interest rate applicable and the tenure in which it will be repaid. Use an EMI calculation tool to calculate the monthly EMIs and check if it can be managed. Qbera personal loans interest rate starts at 11.99% and the loan tenure ranges from 6 months to 60 months.
• After approval, the internal verification process starts. This includes submission of some documents like bank statements and salary slips. The good part is that you can submit them online. 

Documents required for an instant loan from Qbera

• Aadhar card
• PAN card
• Salary Slips
• Address proof
• Photographs
• Cheque leaves 

After successfully completing the internal verification, you can expect the amount in your bank account within 24-48 hours. Qbera is continually making personal loans a quick, easy and online solution to monetary shortfalls.

With Qbera, you need not visit any branch offices, fill up forms or provide unlimited copies of your documents. It has simplified and fast-tracked the process to get instant loans.

Before you apply, check for the financial institution’s eligibility criteria. Different banks and Fintechs have different criteria regarding job, tenure, age etc. Carefully look at these before applying. Qbera looks for the following criteria:

• Salaried individual
• Min take-home salary of Rs 20,000
• Age group of 23-55 years
• CIBIL score of 575 and above
• No payment defaults in the last 2 years

Once the groundwork is done, you can log on to the website www.qbera.com and apply for an instant personal loan. A few personal, financial and employment information needs to be provided after which the loan approval is known within 2 mins.