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Loan Eligibility: Check Eligibility for Personal Loans

Check if you're eligible for a personal loan 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 Eligibility: Check Eligibility for Personal Loans

Want to know your personal loan eligibility?

There are numerous instances that necessitate one to look for extra funds and opt for a personal loan is one of the best ways to tackle the situation. Personal loans are reliable and comfortable solutions for circumstances that call for immediate funds. There is flexibility in the usage of funds, the loan can be used to pay for emergency hospitalization or to undertake urgent home renovations. And since there is no hard and fast rule, you can actually plan your dream wedding or vacation, finance your education or buy a second-hand car or bike with this personal loan.

Personal Loan Eligibility: Check your loan eligibility with Qbera

Eligibility criterion
Credit Score
Minimum score of 575
Minimum income of Rs. 20,000 per month
23 years
No defaults in last 12 months
EMI bounces
No EMI bounces in the last 3 months

One of the first steps while looking for a personal loan is to go through the personal loan eligibility criteria. Different banks and finance companies have different sets of rules and criteria. This includes the loan amount eligibility, the rate of interest being charged on the personal loan, as well as the tenure.  

The first criterion that banks, financial institutions and Fintech companies look for while considering the personal loan application, is your income source. You are required to submit documents that support your employment with a particular organization. These documents include your salary slip as well as bank statements. Most of the financial institutions have a vast database of companies. So if you are employed by a company that is part of this database, the probability of loan approval naturally goes up.

The second important factor is your take-home salary. In the case of Fintech Company like Qbera, a minimum salary of Rs. 20, 000 per month is necessary to further process your application.

The CIBIL score is the next important point. Although a score of 750 and above is considered good by most banks, there are a few Fintech companies like Qbera, who will consider the application even if the score is marginally low. Qbera, for instance, does accept applications with a CIBIL score of 575.

Your age is the next most important factor. It is understood that you must be an adult, however, 23 years – 55 years is the ideal age group. The younger the applicant, the longest tenure can be considered without too much worry.

Another important factor that determines your loan amount eligibility is the income to debt ratio. A ratio of under 30% is considered ideal, however, Fintech companies are willing to take risks and also consider a ratio of 50%. This ratio includes all your secured and unsecured loan amounts.

The process of applying for a personal loan was considered tedious, but with Fintech companies, the whole process has been simplified. Just go online and check for personal loan eligibility by entering a few details and in 2 min time, you can know the loan eligibility status.

Once that is done, you just need to submit bank documents online and a few other documents like Aadhar card, proof of address and PAN card to process your personal loan.

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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