Immediate Cash Loan
Immediate Cash Loans
Immediate cash loans are extremely helpful in the event of financial emergencies. Emergencies almost always come unannounced, and in most cases, access to urgent funds becomes a necessity. Qbera offers immediate personal loans at low interest rates to salaried individuals in India. Currently, Qbera offers same day personal loans in Bangalore, Chennai, Delhi, Pune, Mumbai, Ahmedabad, Jaipur, and Hyderabad. So, if you require instant credit to tide over an emergency, choose Qbera and get your personal loan within 24 hours!
Why Choose Qbera for immediate cash loans in India?
There are several reasons why Qbera has the edge in the immediate cash loan market today! Let's take a quick look:
Immediate Cash Loans for persons staying in shared accommodations
Qbera does not disqualify individuals on the basis of their type of residence. Private Banks and popular lenders reject applications of individuals who reside in Paying guest or shared apartment accommodations. If you are somebody who resides in a shared accommodation, you should consider applying with Qbera without a second thought.
Immediate Cash Loans for low credit scores and low income
If your income level and credit score are low, the chances of getting immediately rejected by traditional lenders are extremely high. This isn't true in the case of Qbera though - you can qualify for an immediate personal loan even with a credit score as low as 575 and a minimum monthly income of Rs. 20,000 (net monthly income).
Personal Finance options for individuals employed with uncategorized companies
Private lenders that include top banks reject individuals who aren't employed with listed or categorized companies, even if their credit profile is satisfactory. Qbera however, does not reject applications of employees employed in unlisted companies. Qbera currently caters to the instant credit needs of employees of over 7,00,000 companies in India.
Interest Rate & Other Charges
||10.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 months
- 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.
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"
Following a Supreme Court Order dated 13th March, 2018, Insurance regulator IRDAI extended the deadline for linking the 12-digit unique identity number with various insurance policies.
A day after SBI hiked deposit rates across maturities, the largest lender of India also raised MCLR by up to 25 basis points. MCLR is now at 8.15 percent which was earlier at 7.95 percent. This signals a possible increase in the EMIs of all types of loans – starting from personal loans to home, auto and other loans. ICICI Bank and Punjab National Bank (PNB) also hiked their MCLR by 15 bps. PNB home loans will now be at 8.6% and for women it will be 8.55%.