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Mobile Phone Loan

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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%.

Mobile Phone Loan

Mobile Phone Loans are extremely popular in India these days, thanks to the emergency of lending startups that have made the process extremely simple and easy. If you're looking for a mobile phone loan, it is essential to have a good credit score and a good credit history. Let's learn more about mobile phone loans and how you can get one from Qbera. 

Getting a mobile phone loan in India

If you’re a potential borrower, you’d have time and again come across a spate of articles that talk about the importance of having a good credit score. Well, for starters, your credit score forms the basis of your overall creditworthiness. While credit scores are certainly important for secured loans, they have a larger weightage in influencing unsecured loan applications. As unsecured loans such as personal loans do not require any collateral, the credit score as an assessment parameter becomes all the more important for lending institutions to classify creditworthy individuals and provide them with credit.

The lending market today isn’t just confined to private and state-run banks – the market has expanded significantly, opening its boundaries to include new-age lenders such as Fintech and P2P lenders as well. As a matter of fact, these very players that have risen in popularity in present times, have enabled a larger section of working-class professionals to get easy access to credit.

When we talk personal loans, we don’t quite have to lay … emphasis on a parameter that defines the competition in the market – the interest rate. The first thing that concerns most borrowers intending to opt for personal finance is the interest rate on the credit instrument they’re borrowing. Different lenders offer credit at different interest rates. As such, when we talk interest rates, personal loans have become more popular than credit cards in recent times, with an increasing number of individuals availing personal loans to clear their outstanding credit card dues – this is primarily because the interest rate on personal loans hovers around the 12%- 15% p.a. mark, while the interest on credit cards stands at a massive 35%-40% p.a. on an average.

Coming back to exploring the relevance between good credit scores and interest rates, first of all, it is important to note lending institutions have their own eligibility criterion as far as credit scores are concerned. Meaning, you will only be offered a personal loan if your credit score falls within a range specified by the lender. Only then does interest-rate range on your loan application becomes important.

How do you get a mobile phone loan from Qbera?

Applying for a loan from Qbera is an extremely simple process that takes under 5 minutes. Let’s look at the steps:

  • Visit the Qbera website and click on the option for salaried individuals.
  • Fill out your personal and professional details online – in the online application form.
  • Once you enter your details, you’ll receive instant approval – this depends on your credit profile.
  • Submit your supporting documents online. This includes KYC documents, income documents and your bank statements (you can submit your bank statements by singing-in with your netbanking credentials through a highly secure web platform).
  • You will then receive a personalised offer from Qbera depending on your income, credit profile and repayment capacity.
  • In select cases, an executive will come visit you to collect your physical documents.
  • Once you receive final approval post verification of your documents, you will receive the loan amount within 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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