Get a Loan Online Immediately
Get a Loan Online Immediately
Immediate Loans Online from Qbera
Getting an easy loan online from Qbera is perhaps the easiest process! It can be finished in a few very easy steps. Let's take a look:
- Visit the official Qbera website by clicking on - https://www.qbera.com/ and click on the Apply option. Currently, you need to be salaried if you have to apply for a personal loan from Qbera.
- Fill out the online form available on the Qbera website and also provide your KYC details. Qbera's proprietary risk algorithm will almost immediately determine your eligibility. If you have a decent credit outlook, you will receive instant loan approval. The minimum requirements as far as your credit score, repayment history and instances of defaults on your credit profile should be in line with Qbera's internal credit policy.
- Once you fill out details, you must upload your supporting documents, which will be verified digitally, and a customized loan offer is sent to you. An executive will visit your home or office address to collect physical copies of your KYC documents. Note that the process involves minimal paperwork, with the majority of documents including bank statements and salary slips to be submitted online.
- Once you accept the loan offer from Qbera, your loan amount will be disbursed to your bank account within 24 hours!
Eligibility to get a loan online immediately
The following eligibility parameters need to be met in order to become eligible for a personal loan from Qbera:
||23 years – 55 years
||Rs. 20,000 per month
||No defaults in the last 12 months
Things to note while taking a loan online
- Here are some general pointers that you can note while taking a loan online:
- You'll need to have a clean credit health - besides being no instances of defaults, there should be no EMI bounces in the last 3 months too.
- You shouldn't have too many sources of debt - this will impact your chances of getting your loan approved.
- While instances of late payments are fine, your profile shouldn't have too many consistent late payments.
- Making regular payments on existing loans will help keep your credit file in good health.
- Longer tenures have shorter repayment amounts while shorter tenures have higher monthly repayment amounts. You can take a top-up loan or pre-close your loan before the end of your loan tenure at a certain fee.
- 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"