Loan Against Cheque in Pune
Loan Against Cheque in Pune
Pune the second largest city in the state of Maharashtra is also known as the “Oxford of the east” as there are many universities and educational institutions here. Along with education, it has also become a major hub for manufacturing and IT industry. This has brought with it quite a few new entrants into this city. These new households and the high living standards have created demand for lumpsum money. Banks, NBFCs, and other financial institutes do give out personal loans for the salaried. There are also private money lenders who give loan against cheque in Pune. However, there are chances of high-interest rates and fees.
Getting a Loan Against Cheque in Pune
If the need is urgent, private lenders have a leverage over banks as their processing is instant and without many documentations. Lack of options have forced many into such a loan, but, the advent of Fintech companies has been the perfect solution in such a situation. Fintechs offer a meeting point in the process with less documentation and fast disbursals. These are unsecured loans that do not require any asset to be pledged. These loans are therefore secured by a cheque. Dishonoring of the cheque is a criminal offense and attracts punishments and so are effective as safeguards while handing out personal loans. Qbera is a Fintech that give loan against cheque in Pune.
Key Features of Personal Loans from Qbera
Multipurpose: Use it to plan a grand wedding or a vacation, the scope is limitless. This instant loan can also be used to finance a second-hand car or a bike.
Easy Application: The application process is quite simple. Just provide your details through an online application form at Qbera.com. Upload the required documents like salary slips and bank statements to get an instant loan offer.
Quick approval: The application processing is hassle-free. If you are a salaried with min take-home salary of Rs 20,000 per month and fall in the 23-55 years age bracket as well as having a decent credit score. You are eligible for the loan.
No Collateral: Being unsecured, there is no need for any collateral or guarantor. So, don’t worry if you do not own any legal property to pledge.
Flexible loan tenure: You can repay the loan amount in EMIs (Equated Monthly Installments) at your convenient time. The loan tenure ranges from 6 to 60 months.
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.
Budget-friendly interest rates: Qbera offers attractive interest rates ranging from 11.99% - 24%.
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"