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-
And the documents that needs to be given are:
||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"
Following a Supreme Court Order dated 13th March, 2018, Insurance regulator IRDAI extended the deadline for linking the 12-digit unique identity number with various insurance policies.
A day after SBI hiked deposit rates across maturities, the largest lender of India also raised MCLR by up to 25 basis points. MCLR is now at 8.15 percent which was earlier at 7.95 percent. This signals a possible increase in the EMIs of all types of loans – starting from personal loans to home, auto and other loans. ICICI Bank and Punjab National Bank (PNB) also hiked their MCLR by 15 bps. PNB home loans will now be at 8.6% and for women it will be 8.55%.