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Low Credit Personal Loans

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%.

Personal loans for people with bad credit scores

Is your credit score bad? Have you had too many instances of late payments in the past? Well, there definitely exists a solution to your predicament!

Personal loans are one of the most commonly availed loans in most economies, as these loans are structured for the working populace and come with affordable interests. As far as the Indian financial arena is concerned, personal loans aren’t just common – they’ve evolved so much over the last many years that they are now the most easily available loans, let alone being common and popular. 

The fundamental nature of personal loans is that they are unsecured loans – you don’t need to provide a form of collateral for your loan. One of the main aspects that determines your eligibility for these types of loans is your credit score. 

What exactly is a credit score?

A credit score is a number that indicates how you’ve managed to handle your credit in the past. It basically gives banks and financial institutions that want to lend you money an apt idea about how you’ve managed various forms of credit in the past and how effective you will be in handling future credit. 

Your credit score takes into account various parameters including your repayment history, instances of defaults, your debt to income ratio, various sources of credit, how often you avail credit and recent enquiries conducted by lending institutions on your credit profile. 

Considering the fact that personal loans are unsecured loans, your credit score becomes paramount to the interest of lending institutions as far as their decision to lend you money is concerned. 

So quite evidently, if you’ve had instances of late payments or defaults in the past, your chances of getting a loan approved take a severe hit. Note that every instance of late payment, high monthly repayment liability against your income (that is, say your income is 40,000 INR but your EMI liability is 30,000 INR), too many sources of credit like multiple credit cards and loan accounts, will impact your credit score negatively. 

Is it possible to get a loan with a low credit score?

Well, while traditional lending institutions require you t0 have a credit score of at least 750+, the good news is, you can get a personal loan even with a fairly lower credit score. 

Guess who makes it possible? QBERA! And here is exactly where you can get a personal loan with a low credit score. 

Applying at Qbera for a personal loan will get your application approved even if your credit score is as less as 625. 

Advantages of applying for a personal loan with Qbera

  • Qbera offers loans to employees whose employer isn’t listed on the database of traditional lenders. Note that in the case of traditional lenders, your application will face outright rejection if your employer isn’t listed. 

  • The process to obtain a loan from Qbera is perhaps the simplest online loan application process. The entire procedure takes just about 2 minutes. 

  • Qbera offers loans up to Rs.10 lakh for salaried individuals. 

  • The loan application process does not happen offline as is the case with traditional lenders. The loan process is paperless and digital. Documents can be uploaded online as well. 

  • Interest rates start at 11.99%. Once you login to the site and apply for a loan, based on your income, age, years of experience and credit score, you will receive a personalised quote. 

  • You don’t need to sport multiple years of work experience to get a loan from Qbera. Traditional lenders require you to have at least 2 years of work experience with at least 1 year of experience with your current employer. 

  • Based on the details you enter, your application will be pre-approved, and you can receive the amount in your bank account within 24 hours!

Eligibility criteria for a Qbera personal loan

Let’s quickly take a look at the various eligibility parameters that are involved:

  • You must be 23 years old (minimum). 

  • Your minimum net monthly income should be at least Rs. 20,000. 

  • Your credit score should be 625(V2). 

  • You shouldn’t have had instances of defaults in the last 12 months. 

  • All documents that you submit must contain authentic information. 

  • You should be a resident of one of the cities where Qbera provides personal loans. 

  • You should be a salaried individual. 

Documents for a Qbera personal loan

  • Salary slips for the last 3 months

  • Bank statement for the last 6 months

  • Proof of Identity 

  • Proof of address/resident (Aadhaar card, Voter Id, Driving license, Passport)

  • Note: Aadhaar and PAN are mandatory documents that need to be submitted

Cities where Qbera offers personal loans:

  • Delhi/NCR

  • Bangalore

  • Pune

  • Chennai

  • Mumbai

  • Hyderabad

  • Ahmedabad

  • Jaipur

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?
Apply Now


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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?
Contact our support team via WhatsApp by clicking below:

E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 72080 56906
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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