Immediate Personal Loans
Immediate Personal Loans
Immediate Personal Loans are loans that you can get almost immediately after you’ve been approved and your documents have been verified. Immediate loans are another name for instant personal loans and online loans. Qbera offers immediate personal loans to salaried individuals with a minimum income of Rs. 20,000.
After you’ve applied for your personal loan, you will receive instant approval from Qbera about the status of your loan application. If your loan application does not meet Qbera’s internal credit norms (this is after information on your credit profile is obtained from the bureau), your application will be immediately rejected, and you don’t have to submit your supporting documents. If, on the other hand, your credit profile qualifies for an immediate personal loan with Qbera, you will then have to submit your supporting documents online, following which your documents will be verified and you will receive digital approval. Once approved, the loan amount will reach your bank account within 24-48 hours.
Why Immediate Personal Loans from Qbera?
There are, of course, so many lenders out there in the market – but the question that becomes pertinent is – why choose Qbera for your instant personal loan? Let’s find out:
Immediate Personal Loan for Low Credit Scores
Qbera offers immediate personal loans to individuals with a credit score of 600+, while traditional banks offer loans to individuals with a minimum credit score of 750 (scores above 700 also work most of the time).
Loans for Individuals in shared accommodations
Qbera doesn’t disqualify applicants just because they reside in shared accommodations such as paying guests and shared apartment accommodations. Traditional lenders, however, do not entertain applications of individuals living in paying guest and shared accommodations.
Immediate Personal Loans for individuals employed in uncategorized companies
Private banks offering personal loans require individuals to be employed in categorized or listed companies. Qbera, on the other hand, does not reject applications merely on this basis – individuals employed with companies that aren’t listed are very much eligible for personal loans with Qbera.
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"
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