Looking for an instant online loan? Well, Qbera certainly has one for you! And yes, at the most affordable interest rate! Apply for an online loan with Qbera and get your loan amount within 24 hours, post receiving final approval.
More about online loans from Qbera
Features of Online Loans from Qbera
Let's take a look at some features of the online loan from Qbera:
Instant Loan Approval on Online Loans
When you apply for an online loan from Qbera, you can get instant approval based on your credit profile. Qbera's proprietary algorithm obtains information on your credit profile almost instantly and assesses the element of risk associated with your profile. Once you get instant approval from Qbera, you can go ahead and submit your supporting documents, which can be uploaded online.
Digital and paperless loan application
The loan application process is completely digital, with the provision to complete the entire application process online. Supporting documents can also be uploaded online. Note that bank statements required to complete your loan application can be submitted by logging into a secure web channel with your netbanking credentials. Your statements are retrieved directly once you login with your credentials.
Online Loan for Low CIBIL
Qbera offers online personal loans to individuals with low CIBIL scores as well. Most private banks require individuals to have a minimum CIBIL score of 750. Qbera, however, offers personal loans to individuals with a credit score of 575 too.
Loans for individuals employed in unlisted companies
Is your employer listed? Well, in case your employer is not categorized or listed in the database of a lender, your application is almost certain to be rejected. This happens mostly in the case of private banks. Qbera, however, offers personal loans to individuals employed in uncategorized or unlisted companies as well. More so, even if you are staying in a shared accommodation, you can get an online personal loan from Qbera.
A quick look at the eligibility for online loans from Qbera
- 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
Documents Required for an Online Loan from Qbera
- Aadhaar Card
- PAN Card
- Proof of address
- Salary and income documents
- 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.
- You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai, Hyderabad, Jaipur, Ahmedabad or Kolkata.
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"
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%.