Personal Loans made simple!
Immediate Money Loan
Looking for an immediate money loan to manage financial troubles? Qbera offers you the best solution in the form of immediate personal loans. The increasingly inflation ridden world today has rendered it almost impossible for a large section of the populace to actually set aside an emergency fund. So, when faced with eventualities that cost money, there is no other recourse but to opt for a loan. As such, it isn't a bad idea to opt for a loan if you have a stable source of income. Loans these days come with flexible tenure options and lenders allow individuals to choose from a wide range of loan amounts. All the financial institutions in the lending industry give out personal loans, however, if the requirement is immediate it is better to opt for Fintech companies like Qbera.
Immediate Money Loans in India
Immediate money loans can be in the form of personal loans from lending institutions. These are unsecured and so are collateral free loans. They also have additional advantages of an economical rate of interest and long repayment tenure that makes them light on the monthly budget and so more affordable. A typical money loan can offer financial support starting from Rs 50,000 to Rs 25 lakhs depending on the eligibility of the borrower. The loan tenure ranges from 6 months to 60 months and the interest rate starts from 11.99%.
Advantages of the Immediate Money Loan from Qbera
- Manageable interest rate: The interest rate applicable on a personal loan decides the total payout at the end of loan tenure. So, lesser the interest, the more beneficial it is for you. Qbera offers personal loans starting at 10.99% interest rate.
- Long repayment tenure: the tenure of the loan is another major factor that has an immense effect on the monthly payouts. The EMIs are more manageable if the tenure is long. So, Qbera loans give you a flexible repayment tenure that spans 5 years.
- Digital experience: Fintechs are an amalgamation of technology and finance. So, they offer unparalleled digital experience from start to finish. The loan application is filled online, eligibility assessed immediately, documents uploaded and collected, loan offer made and upon acceptance of loan offer, the amount is also credited directly to the bank account. Being online all these usually does not take more than 24-48 hours after successful verifications.
- Collateral free loans: These are unsecured loans and so do not require the borrower to pledge any asset with the lender. So, you are free to use the amount and then return it from your monthly paychecks without the proverbial sword on your head which is the attachment of your asset.
- Multipurpose: Use it to plan a grand wedding or a vacation, to renovate the house or upgrade your home appliances, to go for further studies or to consolidate debts, the scope is limitless. This instant loan can also be used to finance a second-hand car or a bike.
- Minimal documentation: The loan processing with Qbera is hassle-free with least documents. The documents that need to be presented include Aadhar card, PAN card, Salary slips and income statements, bank statements, photographs and post-dated cheques from the salary account.
Eligibility for Immediate Money Loans from Qbera
You must be a salaried individual
You must have a min net salary of Rs.18 000/-
You must be above 23 years of age and less than 55 years
A minimum CIBIL score of 600 and no defaults in the last 24 months
Interest Rate & Other Charges
||11.99% 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"