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SBI Home renovation loan Vs Qbera Home renovation loan

Collateral free loans for home renovation
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Choose your employment status to find the Qbera Loan that’s best for you!
I am Salaried (I currently work for a Private Ltd, Public Ltd, Govt., LLP)
I am Salaried (I currently work for a Proprietorship, Partnership Firm)
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%.

SBI Home renovation loan Vs Qbera Home renovation loan

Home renovation loans are loans that are extended to customers who wish to upgrade or renovate the property that they have purchased. All homes require periodic maintenance and some level of repair and upgrading over a time period. This maintenance cost has gone up drastically over the years because of the rise in the cost of raw materials such as paints, fixtures as well as high labor costs. This stands true even if the property is newly constructed and you wish to furnish it to suit your needs and style.

 A personal loan from SBI can be used to undertake renovations in the house and there is a similar personal loan from Qbera, a Fintech as well. These loans are usually availed for extra work to be done on an already constructed property. These loans are quite similar to a home loan; however, their interest rate and tenure differ drastically.

Features of Home renovation loan from Qbera

A home renovation loan from Qbera is extended as personal loan and there is no capping of the usability of funds. It can be used to purchase fixtures and other raw materials to upgradation of appliances.

  •  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

SBI Home Renovation Loan - Features

For home renovation, you can opt for a personal loan from SBI. There is no capping on the usability of funds and has a long repayment tenure. There are fixed and floating interest rate options.

  • Extended to salaried, self-employed and pensioners
  • Age group of 18-70 years
  • Normal paperwork at the bank branch
  • Transparent loan sanctioning procedure
  • Attractive interest rates on personal loans
  • Minimal processing fees and no hidden charges
  • Dedicated round the clock customer care
  • Multiple personal loan options depending on customer requirement

SBI Home Renovation Loan vs Qbera Home Renovation Loan

SBI personal loan
Qbera Personal loan
Rate of Interest
Starting at 10.75%
Starting at 10.99%
5 years
5 years
Loan amount
Up to Rs 15, 00 000/-
Up to Rs 25,00 000/-
Disbursal time
3-5 working days min
24-48 hours max
Processing Fee
1% of loan sanctioned +Taxes
CIBIL score 
750 and above
600 and above

How to apply for a home renovation loan from Qbera

  • To apply for a home renovation loan from Qbera login to their website www.qbera.com and fill out the online application form. You have to enter personal and employment information.
  • You can submit supporting documents like the bank statement which clearly shows your salary credit, salary slips and other documents online.
  • You will get a personalized loan quote if the documents are in order and the internal verification standards are met.
  • Hard copies of documents like Aadhar card and PAN card are collected after acceptance of the quote. Following another round of document verification, the amount is credited to your bank account within 24-48 hours.
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"

Are you ready to get your Qbera Smart Loan?
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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?
Contact our support team via WhatsApp by clicking below:

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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