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Qbera Instant Personal Loan!
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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 Females

Are you looking for a special loan product, personal loans for Females? Well, there are some lending institutions that offer personal loans for low incomes. These personal loans for people with low salary come with a set of eligibility parameters that need to be satisfied. Different lending institutions have different minimum income criteria for personal loans that they offer. As such, personal loans for females are now quite common.  

Before we go ahead, let us first understand personal loans and then go on to delve into the characteristics of personal loans for people with low incomes.  

Personal loans are one of the most commonly availed forms of loans for a lot of reasons – they are unsecured, easily available, and come with relatively easy eligibility parameters. The amount that can be availed from a lending institution is directly dependent on the individual’s income, and of course, the overall credit profile. 

Personal Loans for females in India

Let’s observe some basic eligibility criteria for personal loans – we look at eligibility in the case of both traditional lenders as well as new-age lending organizations like Fintech companies like Qbera, that have literally come to rule the “personal loans for low income individuals” space in India.

Credit score

Top banks, mostly catering to the private sector and are active in the consumer banking space, require you to have a good credit score in order to be eligible for a personal loan. 

On the other hand, Fintech companies offer loans to individuals even with low credit scores.  In most cases, the minimum credit score to be eligible for an instant personal loan with a Fintech company is about 600. Conventional lenders like top private banks only accommodate applications that have a credit score of over 750. 

Note that late payments and defaults can severely affect your credit score, thereby jeopardising your chance of availing a credit product in future. 

Also, while personal loans for low incomes are a reality, if an individual with low income applies for a personal loan, the loan won’t generally be approved if the person has too many monthly liabilities. 

Years of professional experience

While lending institutions provide loans to self-employed individuals as well, the easiest way to qualify for a personal loan is if you are salaried. While evaluating this component in determining eligibility, most lenders require you to have a minimum of 2-3 years of work experience to qualify for a loan. This, however, is mostly in the case of traditional lenders (top private banks that usually have stringent eligibility parameters). 

Fintech lenders, on the other hand, don’t require you to have 2 or 3 years of work experience in order for you to become eligible. They allow you to apply even if your experience spans just one year. 

Employer Reputation

The reputation of your employer is another essential parameter that determines your loan eligibility. This holds true for both ordinary personal loans as well as low income personal loans. If you are a salaried individual applying for a loan from one of India’s top banks, you will only be given a loan if your employer is listed with the bank/lender. 

Note that banks evaluate lender risk and stability profiles and accordingly add them into their database. So, if the employer is listed, employees of that organisation will qualify for a personal loan, provided other eligibility parameters are met/satisfied. 

Fintech companies that have a strong presence in the loan market today, offer personal loans for people with low salaries, even if the employer isn’t a listed company. 

Fintechs like Qbera cater to employees of over 7 lakh employers in India. So if you are looking for a low-salary personal loan or low income personal loan in India, applying for one with a Fintech company is your best bet. 

Number of debt sources

A rather imperative parameter that is considered is the number of sources of debt you have. As such, this aspect reflects in your credit score itself. But if you are looking for a personal loan for people drawing a salary, then you must make sure that you do not have too many debt sources. If you have more than one loan account that is eating into 20% - 30% of your income, you’ll most probably not be given the loan. 

Facts about Qbera's personal loans for low income persons

While low income personal loans are a reality, there is the other type of low income loan – an instant loan for people with low salaries. These instant loans are, once again, offered by Fintechs. Let’s look at some facts pertaining to instant loans for people with low salaries. 

Instant approval and loan disbursal within 24-48 hours

If you are looking for an instant loan for low income individuals, well, you’re in for some really good news – once you apply for your loan, you can get instant approval based on your credit profile, and if all parameters of eligibility are met, you can get the amount disbursed to your loan account within 24-48 hours. 

Online document submissions

If you get instant approval and your credit profile is up to the mark, your documents don’t have to be physically verified. You can upload all your documents online. Verification of your details will also be done online. 

Credit score for low income personal loans

You can get a loan if your credit score is above 600. Instances of late payments in the past will not completely jeopardize the probability of application approval. While such is the case, you however, shouldn’t have instances of defaults on availed loans in the last 1 year. 

Unlisted employers

As mentioned earlier, if you apply for an instant low income personal loan with Qbera, you can get approved even if your employer is not listed. 

Here is a piece of information that you can keep in mind:

There are several lending institution starting from banks, licensed financial institutions, NBFCs and Fintech companies that offer personal loans to individuals. While lending institutions mostly offer loans to salaried individuals, self-employed individuals with stable income levels are also offered personal loans. 

Personal loans have evolved considerably over the years – the minimum income criteria for personal loans offered by traditional lending institutions used to be way higher than what it is now. Owing to the relentless competition prevalent in the market, the minimum income for personal loans (to be eligible) has come down by a massive margin.

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"

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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
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MV Jayaram Road,
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Bangalore 560 052

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