Immediate Loans Online

Qbera offers immediate loans online to individuals who are salaried. Qbera currently serves employees of almost 7,00,000 companies in India, offering immediate cash loans online from Rs. 25,000 to Rs. 25Lakhs. The interest rates on Qbera's immediate online loans start from 11.99 % p.a. 

Let's go ahead and look at some features of immediate loans online, offered by Qbera

Features of Immediate Personal Loans from Qbera

• Qbera offers immediate personal loans to individuals with credit scores as low as 575. 
• Individuals with low income levels can avail immediate personal loans from Qbera as well - Qbera offers immediate cash loans to individuals with a minimum income of Rs. 20,000 (net monthly income). 
• Qbera allows individuals living in shared accommodations as well as those employed with uncategorized/unlisted companies to apply for immediate cash loans in India. 
• The application process for immediate online loans is paperless and super-fast. In cases where an individual has an impeccable credit record, no physical documentation is necessary. In most other cases where collection and verification of physical documents are necessary, only minimal paperwork is involved. 
• Applicants will receive immediate approval based on their credit profiles. Once the final approval is received, the amount is disbursed within 48 hours!

Do private banks offer immediate loans online?

If you're thinking immediate loans that have a turnaround time between 24-48 hours, NO, they don't! You will, of course, receive instant approval on your loan application based on your credit score, repayment history, etc. etc., but the process takes at least 7 to 8 business days in the case of private banks. Moreover, the application process isn't completely digital and requires a good chunk of paperwork to be submitted - banks are of course fine-tuning their process systems to reduce turnaround times of applications. 

What are the basic eligibility parameters to get an immediate loan online from Qbera?

If you have to become eligible for an immediate online loan from Qbera, here are the eligibility parameters that you have to meet:

• You have to be at least 23 years old. 
• You should have a minimum net monthly income of at least Rs. 20,000 per month.
• You should have your bank statements for the last 3 months at least. 
• Your profile should have no instances of defaults in the last 12 months. 
• No EMI bounces should be present in the last 3 months at least.
• You should have a minimum credit score of 575.

If you meet these basic eligibility parameters, you can easily get an immediate online loan from Qbera.