Immediate private loans are helping households meet any financial shortfalls they face while renovating a house or buying a used car, for pursuing higher education or even for unplanned medical emergencies. Many people prefer taking a private loan to finance their high-cost purchases as well by converting them into EMIs.
The inflation in the economy has led many young professionals to live from paycheck to paycheck without any savings. The young modern households are therefore looking at private personal loans and immediate loans from private lenders as a viable and safe solution to manage monetary shortfalls.
Private personal loans are personal loans provided by banks, NBFCs and Fintechs in the lending industry. These are collateral-free loans that do not require you to pledge any kind of asset with the lender. This also makes it be a part of the high-risk category and so has a higher rate of interest.
Banks usually take about 7 working days or more to process loans and that cannot be considered as immediate. So, when faced with an immediate requirement, approach a Fintech like Qbera where the loan processing is done in a matter of hours to make it immediate private loans.
The foremost loved feature of a private loan is the absence of collateral. The fact that you are not pledging an asset or putting any as a collateral is a big relief. Most modern homes do not possess any such collateral in the first place. So, being able to secure money during a need without any asset on the line is important.
The second feature is the multifunctional nature of the loan. There is no end use specified- as long as it’s a legitimate transaction. Any kind of situation that requires money, can be dealt with the help of a personal loan. Facing fund shortage during a marriage arrangement, while pursuing higher education, while planning an exotic vacation or while renovating your home or even when facing medical emergencies- you can opt for an immediate private loan.
Another feature that is loved is the complete digital process. From start to finish, the process is done online including document submission and verification. You are not required to physically visit a branch or provide stack loads of documents. The handful that is required is collected from your doorstep.
The most important feature is the economic interest rate and the long repayment tenure offered. With an interest rate that starts at 10.99%, an average salaried person is able to afford, it becomes an ideal resort when in dire need. Also, the long repayment tenure of up to 5 years ensures that the monthly household budget continues to be manageable while paying off the loan amount.
Proof of address
||11.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 months
"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"