Instant Cash Loan Online
Instant Cash Loan Online
Need an instant cash loan that you can get online within 24-48 hours? Well, guess what? You can get one at Qbera with minimal paperwork and low-interest rates. Qbera offers instant cash loans online in India to individuals who are salaried and with a minimum net monthly income of at least Rs. 20,000. The product is unsecured - meaning, they don't require you to pledge any form of collateral. So what are you waiting for? Apply with Qbera and get your amount in super-quick time!
Getting an instant cash loan online from Qbera - here is exactly what you need to know
Qbera offers instant approvals
When you apply for personal finance with Qbera, you will receive instant approval based on your creditworthiness. In order for this to happen, you are required to meet Qbera's internal credit norms. Primarily, your credit score should be above 600, and you shouldn't have instances of defaults over the last 12 months. Also, you should have no instances of EMI bounces in the recent months as well.
Online and digital application
The loan application process can be completed online and involves minimal paperwork. You can fill out the online application form available on the website, and also submit your supporting documents online. Payslips and bank statements for the last 3 months need to be submitted to begin processing of your loan application. Your bank statements can be uploaded through a secure web platform using your internet banking credentials.
Personal finance for individuals working with uncategorized companies
Individuals working with unlisted or uncategorized companies are also eligible for instant personal loans from Qbera. Top lenders in the market, especially private banks, reject applicants who aren't employed with companies that aren't listed on their databases.
Instant Credit for people staying in shared accommodations
If an applicant is residing in a shared accommodation such as a paying guest or shared-flat accommodation, he/she will not face rejection from Qbera merely on this parameter. While top lenders don't consider such applications, Qbera, in fact, has been increasingly helping individuals residing in shared accommodations to get instant and access to credit.
Documents required for instant cash loans from Qbera
The following are the documents that need to be submitted to process your loan application:
- Aadhaar Card
- PAN Card
- Bank statements for the last 3 months
- Salary slips for the last 3 months
- Proof of address document
- Cheque Leaves from your salary account
- Photographs (passport sized)
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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