Immediate Easy Loan

An immediate easy loan for urgent requirements is the way to be. One shouldn’t be expected to wait too long or go through stacks of paperwork or procedures when in urgent financial need. With an immediate loan from Qbera, the process is not just immediate, it is easy as well. The entire process of application submission, documentation, verification and the loan disbursal can be done within 24-48 hours. The process is also completely digital with just a handful of physical documents needed.

Immediate Easy Loans in India from Qbera

There are many small households urban cities that ensure a steady demand for instant and easy personal loan. Personal loans do not require collaterals and so eliminates the need to pledge any kind of asset with the lender. For new and small households this is a blessing as they mostly do not possess that kind of assets. These immediate easy loans are classified under unsecured loans and are considered high-risk, that also contributes to the high-interest rate associated with it.

Benefits of Immediate Loans from Qbera

Let's look at some benefits of Qbera's immediate easy loans:

• You can apply for a loan even with a low credit score. Credit scores help assess the credibility of a borrower and in case of personal loans that are unsecured, banks do not accept an applicant with a score lesser than 750. However, Qbera does process applications with just a credit score of 600. This is because they place much emphasis on the social and economic leanings of an individual and their advanced risk calculation algorithms as well. 
• You can apply for online loans with low-income levels. As a salaried person is expected to repay the same from their salary, higher monthly incomes are preferred. But Qbera does process applications of o individuals with a minimum monthly salary of Rs. 18,000. 
• You can apply for an online loan through the paperless route where you do not have to produce any documents, you can just mail it or submit it through online secure portals. Your documents, once submitted, will be verified, following which you will be made a customized loan offer. 
• You can choose an economical interest rate. With rates starting at 10.99%, it is possible to manage your finances. Interest rate decides the amount that is finally paid out at the end of the loan tenure and so a lesser interest rate means lesser payouts. Also, if you have a good to excellent credit score, you can negotiate on the interest rate offered to you.
• You can choose loan tenures ranging from 6 months to 60 months, depending on your repayment capacity. This also lets you manage your monthly payouts wisely so as not to burden your monthly budget.
• You can apply for personal loans even if your employer is unlisted. As the risk calculation is not entirely based on your employer. However, if your employer is part of the vast database comprising of more than 7 lakh companies, it can be looked like an additional advantage.