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Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 10.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

I Want Money Urgently

If you want money urgently, apply for an instant personal loan from Qbera and get your loan amount within 24 hours after receiving final approval. Interest rates on urgent personal loans from Qbera start from 11.99% p.a. 

Urgent money: Why you should ideally avoid approaching a traditional lender

Private banks have often been known to offer the best personal loan interest rates in the market. Many private banks offer loans at interest rates starting from 10.99% p.a. While it certainly is important to opt for the lowest interest rates to reduce monthly repayment amounts, if you want money urgently, private banks aren't the ideal option - this is because private lenders take at least 1 week to process and disburse your loan amount. Moreover, applying for loans with these lenders involves extensive paperwork, another reason why the process is particularly time-consuming. 

So, if you want urgent funds or you're looking for an urgent loan as such, private banks won't quite give you the best experience. 

Where can you get urgent money then?

The answer is Fintech lenders. The market today has seen the rise of lending startups that have built a distinct reputation for disbursing fast loans, with the provision of allowing applicants to complete the entire loan application process online. Let's look at some prominent points that clearly indicate that Fintech lenders are key to allowing more number of applicants to access urgent funds during times of financial crisis:

Digital and paperless application process

Fintech startups that are active mostly in the unsecured lending space have adopted advanced systems characteristic of paperless and digital processes and approvals. Applicants can initiate and complete the entire process online, with minimal paperwork being involved. This symbolizes a dimensional shift from traditional lending methods that are still adopted by private banks in the market. Owing to this advanced application process, Fintechs have been able to dislodge private banks as leading choices for personal loans in the market. 

Loans for low-income levels and low CIBIL scores

Another reason for Fintechs unseating private banks as market leaders in personal loan lending is that these new-age lenders offer loans to individuals with low CIBIL scores and low-income levels as well. Qbera offers instant personal loans for individuals who are salaried with a minimum income of Rs. 20,000 per month, and a minimum CIBIL score of 575. 

Documents that need to be submitted for urgent personal loans from Qbera

Here is the list of documents that need to be submitted. Note that your payslips, bank statements and KYC documents can be submitted online, thanks to the advent of e-KYC. 

And the documents that need to be given are:

  • Aadhaar Card
  • PAN Card
  • Proof of address
  • Salary slips for the last 3 months
  • Bank statements for the last 3 months - can be uploaded and submitted online through your internet banking credentials
  • Photographs
View a complete list of our FAQs at our help center
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.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai, Hyderabad, Jaipur, Ahmedabad or Kolkata.
  • 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)
Pradeep

Pradeep

"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."

Shekhar

Shekhar

"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...

Syed

Syed

"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."

Anish

Anish

"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"

Arun

Arun

"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"

Bhaskar

Bhaskar

"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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QBERA

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

Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 10.99% 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 89719 28484
Address:
1st Floor, Wolfpack Workspaces,
#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

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