Need Money Urgently in India

If you need money urgently in India, the best possible option is to look at fast personal loans. Personal loans have emerged as the go to source for monetary shortfalls of any kind. Being unsecured loans, these unsecured loans do not require any collaterals. This particular feature is extensively used by the young Indian households as they are not required to pledge any kind of asset or depend on anyone to be a guarantor.  Instant online personal loans are granted to salaries individual with the idea that it will be repaid from the monthly salary.

All banks and NBFC s offer personal loan, however, they only consider applicants with a CIBIL score of 750 and more. So does that mean – If your Credit score is less and you need money urgently in India, you will not be able to get a personal loan? Absolutely not, Fintech Company like Qbera has entered the finance market with advanced algorithms and risk assessment to fund individuals with marginally less scores as well. The rate of interest, however, will differ and better the score higher is the negotiation power that you hold.

So it is natural to turn to fintech companies when you need money urgently and these companies promises its borrowers an unique experience like the paperless application for a quick personal loan, instant lending decisions- in as less as 5 mins, digital verification of income and employment, and loan disbursal in 24-48 hours. You also get the benefit of flexible repayment tenures, from 6 months to 60 months. Accordingly, you can choose a personal loan with an affordable rate of interest and tenure so that your monthly budget doesn’t go haywire.

Any eventuality that needs money urgently like sudden illness requiring hospitalization, funds to organize a wedding , for a vacation, to consolidate the credit card debts or to pay for education all of these and more can be financed with a personal loan as there is flexibility regarding the end use of funds. 

The eligibility requirements are-

• You must be a salaried individual
• You must have a min net salary of Rs.20 000/-
• You must be above 23 years of age and less than 55 years
• Minimum CIBIL score of 575 and no defaults in the last 24 months

And the documents that needs to be given are:

• Aadhaar Card
• PAN Card
• Proof of address
• Salary and income documents
• Photographs