The age of online mobile finance is here! In this modern world of digital technology, everything and everybody is digitized. There is hardly any phase of life that is untouched by the mobile and online technology. Finance sector too is high digitized. You can now just download an app and share a few credentials to get instant access to finance.
Online finance in the form of personal loans through mobile is being offered to the salaried individuals with a minimum take-home salary of Rs.20, 000. Fintech companies like Qbera offer online loans starting from Rs.50, 000 to Rs.25, 00,000. The annual percentage rate of interest (APR) ranges from 11.99% to 35.99% and the tenure from 12 to 60 months. The Administration fee range is 1% to 5%. Also, it is preferable if you are in the age group of 23-55 and have a minimum CIBIL score of 575. Banks usually prefer a CIBL score of more than 750 as these unsecured loans fall in the high-risk category. Modern technology has empowered fintech companies with advanced algorithms and risk-based pricing models, making online mobile finance a reality. These also empower fintech companies to determine an individual’s creditworthiness.
These online personal loans through mobile app are quite fast. Just fill in required details online and in as less as 2 min, the system will determine the loan eligibility. If you are eligible, you can submit your bank statements online through secured channels and the personnel from Qbera comes to collect the documents. After internal assessments, you can expect the amount in your bank account in as less as 24 hours. Quick and easy online mobile finance has revolutionized the way middle class salaried individual look at emergency situations. Another advantage is that the end use of the amount is not restricted in any way. You can renovate or upgrade your home, go on a long-dreamt vacation or simply use the amount to have a dream marriage. All that you ever dreamt of but had put off simply because of a lack of funds is now possible through mobile finance.
Also, the loan application is not rejected simply because you are in shared accommodation. The advanced finance technology systems in place considers your employment tenure and stability in job and residence as well as a host of other factors into consideration while processing your online loan application.
||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"