Qbera offers mobile loans - loans that can be applied for through your mobile, with minimal paperwork and super-quick disbursal times. Personal loans from Qbera come with a turnaround time of just 48 hours. Once you apply for your loan, you will receive instant loan approval, following which your loan amount will be disbursed to your bank account within 24 hours!
Your credit history
Your credit history is one of the most important parameters that determine the approval of your loan application. A good credit history would ideally comprise of consistent repayments over time. As such, the credit history has the most dominant impact on your credit score and has a weightage of 35% on your score. Instances of defaults have a significant impact on your score while defaults have a more severe impact.
Your credit score
In order to qualify for a personal loan from Qbera, you should have a credit score of at least 600. As such, lenders have their own credit score criterion that applicants have to meet in order for them to qualify. Most private banks require individuals to have a credit score of at least 700 in order to qualify for a mobile loan from Qbera. Note that late payments and defaults have a severe impact on your credit score.
Another important aspect that influences your mobile loan application is your income. Your approved loan amount as such is majorly determined by your income and current monthly liabilities (on existing loans or credit cards). You can use Qbera's online EMI calculator to know the amount you're eligible for by adjusting the sliders (one for your monthly income and the other for your total monthly repayment amounts).
||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"