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Home Renovation Loan HDFC vs Home Renovation Loan Qbera

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I am Self Employed (I have my own business)
I am Currently Not Employed
Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Home Renovation Loan HDFC vs Home Renovation Loan Qbera

To keep your home or vehicle in pristine condition, it is advisable to go in for periodic maintenance. While this is based on kilometers for vehicles, it is years for a home. Ideally, you should go in for a repainting and maintenance every couple of years. However, you can also opt for a full-scale home renovation once in a while. Home renovation projects have become exceedingly pricey nowadays with the increase in the cost of materials like fixtures and raw materials as well as labor costs. To opt for a home renovation loan is better than digging in extensively on your savings.

There are excellent options from traditional banks, NBFCs as well as Fintechs. HDFC Bank, as well as Qbera loans, have many options for you to choose from. Following is the list of their salient features to help you decide and pick the one that is best suited for your need.

Features of Home renovation loan from Qbera

A flexible personal loan from Qbera can be used as a home renovation loan. The amount can be used to buy raw materials such as paints as well as sanitary fixtures. This amount can also be diverted to upgradation of your home appliances as well- it is your discretion at the end of the day. The loan disbursal is also fast, once the verifications are done, the amount is deposited in your account within 24 hours.

  • Extended to salaried individuals and self-employed persons
  • Minimum monthly salary of Rs 18,000
  • Age group of 23-55 years
  • A completely digitized application process
  • Flexibility of usage
  • Minimal processing fee and no hidden charges
  • Competitive interest rate
  • Dedicated customer care

Features of Home renovation loan from HDFC

An HDFC home renovation loan can be availed as a pre-approved loan by existing customers of the bank. New customers are required to fill in an online application form and they promise the application processing to be completed within a working day.

  • Extended to salaried individuals
  • Age group of 21-60 years
  • Minimum monthly salary of Rs 20,000(in metro cities)
  • Digital application form
  • Flexible use
  • Competitive interest rate
  • Can avail attached insurance facilities
  • Dedicated Customer service

Home Renovation Loan HDFC vs Home Renovation Loan Qbera

Particulars HDFC Renovation Loan Qbera Renovation Loan
Rate of Interest
Starting at 15%
Starting at 10.99%
5 years
5 years
Loan amount
Up to Rs 40,00, 000/-
Up to Rs 25,00, 000/-
Disbursal time
4 hours
24-48 hours max
Processing Fee
2.50% of loan amount
CIBIL score 
700 and above
600 and above

Before applying for a loan, it is prudent to check the eligibility criteria as these differ from institution to institution. However, an important criterion that is common with all financial institution is the CIBIL score. Higher the score, better are your chances of getting the loan and also at an enviable interest rate. so be careful about your credit score and do a periodic evaluation of the same to look for discrepancies and also for excellent management of your loans.

View a complete list of our FAQs at our help center

Interest Rate & Other Charges

Interest Rate
11.99% to 35.99%
Processing Fee
1% to 5% of total loan amount
Loan Amount
₹1,00,000 to ₹15,00,000
Loan Tenure
12 to 60 months
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.
  • Aadhaar Card
  • PAN Card
  • Current Address Proof


"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 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...



"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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We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

* Subject to Risk Profile

Need Help?
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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 72080 56906
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MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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