Want an immediate loan in India? Qbera offers immediate cash loans in India to salaried individuals with a minimum income of Rs. 20,000 and a minimum CIBIL score of 575! Apply for an immediate loan with Qbera and get your loan amount disbursed to your bank account within 24 to 48 hours. Let's look at some features of Qbera's immediate personal loan.
Features of Immediate Loans from Qbera
An Immediate Loan for individuals with low CIBIL scores
Qbera offers immediate loans to individuals with low credit scores. The minimum credit score to apply for an immediate loan from Qbera is 575. While Qbera allows individuals with low credit scores to apply for loan, applicants applying for loans with Qbera should not have instances of defaults in the last 12 months.
Digital Process and Approval
The application process with Qbera is completely digital and paperless. Supporting documents can be submitted online. Bank statements can be submitted through a secure web channel using netbanking credentials.
Immediate Loans for persons with low income levels
Qbera offers immediate online loans to individuals with an income of at least Rs. 20,000 per month. This is one aspect where Qbera stands out against its competition, as most private banks have a minimum income requirement of at least Rs. 30,000 per month.
Flexible repayment tenures and a wide choice of loan amounts
Instant Loans from Qbera come with tenures that fall between 6 months and 60 months. Loan amounts range from Rs. 50,000 - Rs. 25,00,000. Applicants can choose a tenure based on their repayment capacities.
Instant Online Loans for individuals employed in unlisted companies
Qbera offers online personal loans to individuals employed in unlisted companies as well. Also, individuals residing in shared accommodations can apply for an immediate loan with Qbera.
Eligibility for immediate loans with Qbera
You should be at least 23 years of age
You should have a minimum CIBIL score of 575 and a minimum income of Rs. 20,000 per month.
You should be salaried and have no instances of defaults in the last 12 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.
- You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai, Hyderabad, Jaipur, Ahmedabad or Kolkata.
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"
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