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Personal Loans made simple!

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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%.

Immediate Loan in India

Qbera is your answer to immediate loan requirements in India. Traditionally Indians are known to save amounts before they spend, however, in modern times it has become difficult to save money and the gap between income and expenditure is on the rise. The economic policies and inflation in the economy have further widened this gap with income not able to fully sustain all household expenses thereby making saving highly difficult. The lending industry has stepped in this arena with registered and legal Fintech institutions offering personal finance to salaried and self-employed individuals to meet their monetary requirements with an immediate loan in India.

Difference between Qbera and traditional banks – Immediate Personal Loans Online

Qbera
Traditional Banks
CIBIL score of 600
Minimum CIBIL score of 750
Minimum net monthly income of Rs. 18,000
Minimum net salary of Rs 30, 000 and more
No defaults in the last 12 months
No defaults in last 12 months
Late payments a few times are allowed
Late payments attract heavy penalty
Paperless loans
Paperwork involved

Advantages of Immediate Loans in India from Qbera

  • Instant approvals: Online verification of personal and employment data is carried on and loan eligibility and approvals are instantly communicated.
  • Economical interest rate: Although personal loan interest rates tends to be on the higher side, Qbera personal loan come with economic rates.
  • Long repayment tenure: For EMIs to be manageable, a longer loan tenure is preferred. The 5-year repayment tenure does give that flexibility to those opting for an immediate loan in India from Qbera.
  • Flexible usage: You can use this versatile personal loan to consolidate your debts, pay for higher education, to pay medical bills or to fund marriage expenses or vacation.
  • Minimal Documentation: Most of the required documents are submitted online, but, there are a few documents that have to be submitted in hard copy. An executive from qbera is assigned to collect the same. These documents are PAN card, Aadhar card, cheque leaves, and photographs. Note that all these documents are mandatory to process your application for an immediate personal loan

Things to keep in mind while applying for an Immediate Loan in India

Personal loans are easy access to money and so there is a tendency to get carried away and apply for a loan amount that is higher than your requirement. So, the first question to ponder is – if you really require the loan? And if yes, how much is required?

Eligibility criteria for an immediate cash loan is different in banks and fintech companies. So, do a thorough study about the eligibility before applying for a loan.

Before applying to a financial institution check your credit score. There are no penalties levied when you access your credit score, however, when lender does it- there are point deductions. So, before applying check the score to see if you have the accepted level. If not, undertake remedial measures before applying.

Check the interest-rate offered to you and the rates prevalent in the market. A lower interest rate means less total payout at the end of the loan term. So, shop and negotiate for a better interest rate.

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"

Are you ready to get your Qbera Smart Loan?
Select your employment type to proceed.
Self-Employed
Salaried

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?
Contact our support team via WhatsApp by clicking below:
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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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