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Qbera Private Loan Online.
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Choose your employment status to find the Qbera Loan that’s best for you!
I am Salaried (I currently work for a Private Ltd, Public Ltd, Govt., LLP)
I am Salaried (I currently work for a Proprietorship, Partnership Firm)
I am Self Employed (I have my own business)
I am Currently Not Employed
Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Best Personal Loan Banks in India - 2018

RBI announced in a report that outstanding personal loans credit in India increased by 35% in 2017. Customers need longer decision time with increasing number of banks offering personal loans. But today, they can get information on different personal loans banks, on the Internet. This article serves as a guide for users in the application of a Personal Loan Online.

At Qbera, we provide personal loans to salaried individuals of India. Features like online approval and quick disbursal of loans save time and effort.

Here, we have summed the features and benefits of the top banks in India. It will help you to decide on your right banking partner. 

Make a smart choice and apply for a Personal Loan with Qbera.

  1. Ratnakar Bank Limited (RBL Bank)  
    RBL Bank holds the Best Bank rank in the Mid-Size segment. It operates in 6 business verticals and is quickly expanding to multiple cities in India. The bank is popular for its outstanding customer base and service by International Forums, including CNBC.
    Personal loans from RBL bank constitute for a significant share of their total credit. The bank offers these non-collateral loans to salaried individuals. The bank attracts customers with its simple and hassle-free documentation.
    Qbera entered into a Partnership with RBL in March 2017. Leveraging the achievements of RBL in Personal Loan space, Qbera is all set to lend an amount close to 150 crores to its customers.
  2. IndusInd Bank
    Starting in 1994 from Mumbai, IndusInd Bank has pioneered in ‘customer responsiveness’. It is way ahead of competitors in leveraging latest Technology and Trends. It enjoys a wide network of Banks and ATMs across the country and a large customer base including NRIs.
    The bank provides personal loans for education, medical emergency, home renovation and few other needs. They come with a host of attractive features. Best interest rates and balance transfer option are few to name.
  3. Kotak Mahindra Bank 
    In 2003, RBI entitled Kotak Mahindra Finance Ltd, the first NBFC from India, as a Bank. The bank has Implemented International Standards in Banking. It provides seamless global banking experience to its customers, including entrepreneurs.
    The bank provides personal loans up to Rs. 15 lakhs, at attractive interest rates. Customers can submit the necessary documents to the bank representative, at their doorstep.
  4. HDFC Bank
    HDFC began operations in the year 1995 as ‘The Housing Development Corporation Ltd. It strives to become a major provider of financial services to the Retail and Wholesale sector.
    Personal Loans from HDFC are one among the most preferred in the category. It provides loan up to 15 lakhs, at competitive interest rates and flexible EMIs. The bank provides pre-approved loans to its customers within four hours.
  5. Aditya Birla Finance 
    Aditya Birla is one of the top 'Fund Management Companies' in India. The company operates in multiple facets of Fund Management including Personal Finance Management. It has the best interests of both, its retail and corporate customers in mind.
    Aditya Birla provides a fixed interest rate throughout their personal loan tenure. You can enhance the loan amount by adding the income of your co-applicant.
  6. Capital First
    Capital First serves to a whopping 50 lakh customers and counting, in both business and personal space. It specializes in serving the MSMEs and consumers of India.
    Personal loans with amounts ranging from Rs. 50,000 to Rs. 10 lakhs are available from the bank. On successful loan approval, customers will receive the loan amount within two days, in their bank account.

It is advisable to compare the facts and figures from various personal loan Banks or NBFCs. The table illustrated below will help you:

Bank Name* Loan Amount Interest Rate Processing Fee Pre-closure Fee Tenure

RBL Bank

50k - 5 lakh

11.99% - 24%

3% of Loan amount

Lock period- 12 months

Between 13-18 EMI→5% of OP

More than 18 EMI→3% of OP

Min 12 EMIs paid and no bounce→NIL charges

12-60 months

IndusInd Bank

25k - 10 lakh

11.25% onwards

Up to 2.5% of Loan amount + Taxes

4% of OP for salaried, after 12 EMI s
 and 4% of OP for Self-Employed after 6 EMI s

12-60 months

Kotak Mahindra Bank

50k-15 lakh

10.99% - 24%

Up to 2.5% of the loan amount + 
service tax / GST and other applicable statutory levies.

5% foreclosure charges +
service tax / GST on principal
outstanding (after 1 year locking period) 


Up to 15 lakh

14.75% - 20.7%

Up to 2.5% of the loan amount
(Min of Rs. 1999 and Max of Rs 25,000 for salaried Individuals)

13-24 →-4% of OP

25-36 →3% of OP

Post 36→2% of OP

12-60 months

Aditya Birla

25K- 15 lakh

14 % - 26%

2% of Loan Amount

6-36 months

Capital First

50k-10 lakh

As per agreement

5% of OP

12-60 months

*Note: Please refer the bank’s website to find out the exact interest rates and other charges.

Note: HDFC Processing Fee is given for various intervals (in months) the loan can be pre-closed as a % of Outstanding Principal (OP)

It is a tedious task to carry out a comparative study of various banks. We hope that our compilation of different personal loan metrics helps you in deciding your finance partner. Qbera offers an integrated and digital platform to apply for a Personal Loan

Choose Smart: Choose Qbera

View a complete list of our FAQs at our help center

Interest Rate & Other Charges

Interest Rate
11.99% to 35.99%
Processing Fee
1% to 5% of total loan amount
Loan Amount
₹1,00,000 to ₹15,00,000
Loan Tenure
12 to 60 months
Getting a Qbera Smart Loan is Simple
Fill out our online application form
Step 1: Online Application Form
Get approved instantly
Fill out our online application form by answering a few questions about yourself, your employment, your education, expenses and needs. This process would take no longer than 10 minutes.
Connect your Bank Account
Step 2: Connect bank account
Submit your bank statements
Connect securely to your bank via netbanking and submit bank statements as part of the easy loan application form. Alternatively, you can upload bank generated pdf bank statements.
Select your loan term
Step 3: Loan term
Choose your Loan Term
Using our proprietary Credit Scoring Algorithm we determine your loan eligibility in real-time. Our algorithm uses the information about you, to determine your future potential and help you get the best rate instantly.
You’re done! Get the money in your Bank Account as early as tomorrow.
Example: A loan offer of ₹2 lac, for a tenure of 3 years at an interest Rate of 16.6% (on a reducing principal) and a processing fee of 2.5%. Translates to:
  1. 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
  2. EMI of ₹7091 per month
  3. Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
  4. 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%)
Repaying a Qbera Smart Loan is just as Simple
Repay your loan with automatic EMI payments.
  • Age: 21-57 years old
  • Net Monthly Income must be more than Rs. 18,000.
  • No defaults in the last 24 months.
  • Aadhaar Card
  • PAN Card
  • Current Address Proof


"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 would like to thank Qbera for speedy loan processing. I was having a tough time in deciding which bank would actually take my request for a loan as the loan was supposed to be for credit card payoff. I was forced to use my credit card for an unforeseen expense which I could not avoid and was finding it tough to pay back due to the high interest cost on credit cards. 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"

Are you ready to get your Qbera Smart Loan?
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We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

* Subject to Risk Profile

Need Help?
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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 72080 56906
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