Need Money Urgently? Try Fast Cash Loans in India from Qbera
Need Money Urgently? Try Fast Cash Loans in India
We all like to keep ourselves well cushioned financially and think and set aside funds for our livelihood. But then life happens and throws curve balls at us, which makes us rethink about our savings. It doesn’t matter how much one has planned; there are situations when we are forced to think “I need money urgently, shall I try fast cash loan“? In situations that require emergency actions like a medical emergency or an unexpected major repair work in your home, fast cash loans are the best possible recourses. So? Need money urgently? Try fast cash loans!
With traditional lending, there is some kind of collateral that needs to be pledged. Well, what if you are not in a position to do so? Instant personal loans are the best solution in such circumstances. Being unsecured loans, there is no need for collateral but they sure are considered high risk. CIBIL scores are important while determining the loan eligibility and the interest rate to be offered. Fintech companies like Qbera are powered by advanced algorithms and risk assessment is done digitally without depending solely on the CIBIL score. Which means that, with fast cash loan lenders like Qbera, even if your CIBIL score is marginally less, you still can get a personal loan. The rate of interest, however, will differ.
So it is natural to turn to fintech companies when you need money urgently and fast cash loans are there available and at your disposal immediately. These companies promise its borrowers an unprecedented 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. These Fintech companies also offer you 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.
A sudden illness requiring hospitalization, funds to organize a dream wedding, to go on a long-awaited vacation, to consolidate your credit card debts or to pay for your education all of these and more can be financed with a personal loan as there’s no capping of 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
- A 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
Interest Rate & Other Charges
||11.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 months
- 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
- EMI of ₹7091 per month
- Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
- 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%)
- Age: 21-57 years old
- Net Monthly Income must be more than Rs. 18,000.
- No defaults in the last 24 months.
Documents Required after Digital Approval
- Aadhaar Card
- PAN Card
- 4 Cheques from your Salary Account
- Current Address Proof
- Permanent Address Proof (in case the permanent address is different from the address on Aadhaar card)
"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"
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