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Loan Against Cheque in Mumbai

Instant Personal Loans from Qbera
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Choose your employment status to find the Qbera Loan that’s best for you!
I am Salaried (I currently work for a Private Ltd, Public Ltd, Govt., LLP)
I am Salaried (I currently work for a Proprietorship, Partnership Firm)
I am Self Employed (I have my own business)
I am Currently Not Employed
Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Loan Against Cheque in Mumbai

Mumbai is known for its fast paced and active lifestyle. Everything here gets done in a jiffy, yes even finance. Instant loan against cheque in Mumbai is a lifesaver in the metropolitan lifestyle. Traditionally, it is quite difficult to get a loan while in urgent need of it. Banks and other financial institutions take a week or more to process the application, making them redundant during an emergency. It is not always possible to arrange for a big amount from within the family and friends as well. There are private financers who gives out personal loan against cheque, however, the interest rate can be exorbitant. So personal loan from Fintech companies are the best possible solution for an emergency situation.

Fintech companies promise instant turnaround time and faster loan processing so that the urgent needs can be managed easily. They offer personal loan against cheque in Mumbai and other major cities. Personal loans are not secured by any kind of asset other than a cheque - which will surely make one wonder- how does a cheque secure it? Well, it doesn’t. But, it is much easier to recover money in case of non-repayment while in possession of a cheque. If the cheque has been presented in the bank and dishonored, the borrower can be bought before the court and it is easier to get a repayment.

New age Fintech companies like Qbera use advanced algorithms and risk calculation tools to determine if a person is credible before giving loan against cheque. CIBIL score alone is not the factor, other social and economic aspects are considered. The eligibility factors are:

  • Salaried individual
  • Net take home salary of Min Rs. 20,000/-
  • Age bracket of 23-55 years
  • CIBIL score of 575 and above
  • No payment defaults in last 24 months.

If you fit the eligibility, just log on the website and apply for a cash loan in Mumbai. The USP of fintech companies like Qbera is the turnaround period - which is as less as 24-48 hours provided the documentation is in order. An added advantage is that more than 7 lac companies share their employee database with Qbera. So, the loan approval probability is quite high. What are the documents needed?

  • Aadhar card
  • PAN Card
  • Proof of address
  • Salary and income documents
  • Photographs

A personal loan which is secured by a cheque is a truly flexible loan. There are no hard and fast rules regarding the end-use of the amount. It can be used to fund a marriage or education. It can be used to undertake urgent repairs or renovations in your home. The amount can also be used to pay for emergency medical bills or simply to consolidate various existing debts. It is being used to plan exotic vacations as well. Armed with an ideal CIBIL score and proper documents- you can manage any monetary shortfalls in 24-48 hours.

View a complete list of our FAQs at our help center

Interest Rate & Other Charges

Interest Rate
11.99% to 35.99%
Processing Fee
1% to 5% of total loan amount
Loan Amount
₹1,00,000 to ₹15,00,000
Loan Tenure
12 to 60 months
Getting a Qbera Smart Loan is Simple
Fill out our online application form
Step 1: Online Application Form
Get approved instantly
Fill out our online application form by answering a few questions about yourself, your employment, your education, expenses and needs. This process would take no longer than 10 minutes.
Connect your Bank Account
Step 2: Connect bank account
Submit your bank statements
Connect securely to your bank via netbanking and submit bank statements as part of the easy loan application form. Alternatively, you can upload bank generated pdf bank statements.
Select your loan term
Step 3: Loan term
Choose your Loan Term
Using our proprietary Credit Scoring Algorithm we determine your loan eligibility in real-time. Our algorithm uses the information about you, to determine your future potential and help you get the best rate instantly.
You’re done! Get the money in your Bank Account as early as tomorrow.
Example: A loan offer of ₹2 lac, for a tenure of 3 years at an interest Rate of 16.6% (on a reducing principal) and a processing fee of 2.5%. Translates to:
  1. 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
  2. EMI of ₹7091 per month
  3. Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
  4. 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%)
Repaying a Qbera Smart Loan is just as Simple
Repay your loan with automatic EMI payments.
  • Age: 21-57 years old
  • Net Monthly Income must be more than Rs. 18,000.
  • No defaults in the last 24 months.
  • Aadhaar Card
  • PAN Card
  • Current Address Proof


"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 would like to thank Qbera for speedy loan processing. I was having a tough time in deciding which bank would actually take my request for a loan as the loan was supposed to be for credit card payoff. I was forced to use my credit card for an unforeseen expense which I could not avoid and was finding it tough to pay back due to the high interest cost on credit cards. 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"

Are you ready to get your Qbera Smart Loan?
Apply Now


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We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

* Subject to Risk Profile

Need Help?
Contact our support team via WhatsApp by clicking below:

E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 72080 56906
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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