How can I get a loan in India?

The question of - How can I get a loan in a quick and easy fashion is often asked. Banks and other non-banking financial institutions have emerged as the best solution for financial needs. Advancement in banking practices and the advancement in information technology has opened many doors when financing is required. While earlier private lenders were having a majority, today the preferential shift is towards financial institutions as they offer better interest rate and security.

Banks and Fintechs work towards providing better and effortless ways to apply and receive a loan. The process has been simplified and Fintechs have made it completely online too.

Get a Loan from Qbera through these simple steps

• Fill out the online application form available at www.qbera.com. This form asks for personal and employment information.
• Submit the bank statement which clearly shows your salary credit and other documents online.
• Get a personalized loan quote.
• After accepting the emailed quote, some physical documents have to be submitted. After another round of verification, the loan amount is credited with 24-48 hours.

The online process also involves minimal documentation. A representative from Qbera will visit you to collect documents such as the Aadhar card, PAN card, Address proof, cheque leaves and photographs.

Advantages of taking a loan from Qbera

1. Instant procedure- The entire process of applying for the loan, checking eligibility and documentation is done online and it is quick.
2. Flexible repayment options - these online personal loans give the customers the benefit of flexibility in choosing a tenure. The tenure ranges from 6 months to 60 months. 
3. No collateral required- These are unsecured loans and so, you don’t have to worry about pledging your assets.
4. Secure platform- All your details are secure and there is strict adherence to the policy of not sharing customer details without permissions.
5. A low credit score is considered- Even if your credit score is low when compared to the bank’s standard requirement, you can be eligible for a Qbera Instant Loan. Qbera offers loans to people with a credit score of 600 and above.
6. Competitive rates of interest- The interest rate of personal loans is quite competitive as there are a number of players in the field. So, hunt around for the best interest rate possible.

These loans are quite flexible and can be used to fund anything from marriage to home renovation to debt consolidation. They can also be used to pay for an unconventional course or to buy second-hand vehicles.