Qbera Open Nav
Simple . Fast . Secure

PL for Low Credit Scores

Qbera Instant Personal Loan!
Apply now!
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 Low Credit Scores

Looking for a low credit score personal loan? Qbera has got one for you!

What are bad credit personal loans? 

Personal loans for low CIBIL scores, often called bad credit loans or low credit loans, are loans that are specifically directed at individuals with low or poor credit scores. There are quite a few financial institutions that provide personal loans for bad credit scores. Note that in the case of poor credit, traditional lenders like banks do not usually entertain applications of that nature. So if you are looking for a personal loan for poor credit, approaching a traditional banking or financial institution isn’t the best idea. 

Is it possible to get a personal loan for low CIBIL scores?

Well, even if your credit score is poor – any score below 620 is usually considered bad or poor – the good news is that there are some institutions that offer loans for bad credit scores. You just have to approach the right lender to get your personal loan. 

How can you get low credit score personal loans?

If you thought it was difficult to get a personal loan with a low credit score, well, it actually isn’t. It depends on the lender you choose for your personal loan (low credit personal loan). Qbera is a leading Fintech company that offers loans ranging from Rs. 25,000 – Rs. 10 lakh, and provides loans for persons with poor credit scores. The application process for personal loans for poor credit scores is a simple process that involves minimal steps. Let’s find out about Qbera’s personal loans for bad credit scores. 

How to apply for a poor credit personal loan with Qbera?

The application process is extremely simple. Here are the steps to apply for a personal loan with bad credit from Qbera:

  • Visit the Qbera website and click on the option to apply for a loan. 

  • Choose your loan amount and the purpose of your loan. Use the Qbera EMI calculator to know your loan eligibility, depending on your income and your current monthly EMI amounts.

  • Submit your bank statements and other documents after filling out your personal and professional details. 

  • Receive a customized loan offer from Qbera within a few hours. 

  • Upon accepting the customized loan offer, you will receive the loan amount within 24 hours. 

How do lending institutions determine your loan eligibility? What is the minimum credit score to get a loan?

Let’s look at this from present day market trends. Traditional lenders were definitely the leaders in the personal loan lending space and didn’t face too much competition as such. The current day scenario presents a slightly different picture though. With the massive increase in demand for personal loans and the increasing number of people joining the fray as salaried individuals, certain financial institutions like Fintech companies have evidently capitalized on the developments and evolved a new-age lending process that does not quite follow the lead of traditional banking institutions. 

Yes, even today if you apply for a personal loan with a traditional banking institution, you must have a credit score of 750+. If you don’t you are sure to face rejection. One more aspect – your employer has to be listed, if not, you will face rejection even before your credit score is take into account. 

Fintech companies and loans for bad credit scores

In the case of Fintech companies, the portrait is starkly different. With an increasing number of people finding themselves in the salaried bracket and in need of personal loans, the variety in credit profiles is also quite vast – you’ll find individuals with different types of credit profiles applying for loans. While some will have a good credit score and less income, some others will have a high credit score with a fairly decent income, and both can be eligible for personal loans. 

As far as personal loans for bad credit scores are concerned, Qbera offers personal loans for individuals with a credit score starting from 600. Credit scores in the 600 range are usually considered poor and not deemed worthy of credit.

However, while it is true that Qbera offers loans for poor credit scores, instances of defaults aren’t quite entertained. In order to be eligible for a Qbera instant loan, you shouldn’t have had instances of defaults in the last 12 months at least.  

How is your credit score determined?

Various parameters are taken into consideration while determining your credit score. While one side of the story evinces that you cannot get a score if your credit score is too low, another side portrays the importance of having a good credit score because if your credit score is good, you will be offered a very low interest rate on your personal loan. 

Your credit score fundamentally depends on the following parameters:

Your repayment history

This is the primary component that influences your credit score. Your repayment history reflects the characteristic of your repayments – whether they’ve been timely in the recent past or whether your monthly repayments have been paid late, or last, instances of defaults if there have been any. Late payments can affect your credit score while defaults can seriously tarnish your credit reputation. 

Number of sources of debt

Another important parameter that influences your credit score is the number of debt sources you have. Having too many debt sources – like multiple credit cards or multiple loan accounts – can negatively impact your credit score. So if you’re thinking of applying for another loan while you already have a couple of ongoing loans, think again!

Monthly debt to income ratio

Let’s say your monthly income is an amount Rs. X. If your monthly debt or credit liability is more than 50% of the amount X, you are in troubled territory. The golden rule when it comes to debt is to not have a debt to income ratio of over 35-40% i.e. your monthly liabilities should not be more than 35-40% of your monthly income. 

Credit utilization ratio

This mostly pertains to credit card usage. Your credit utilization ratio is the amount of credit you’ve used against your total overall available credit limit. So if you have two credit cards, your credit utilization should ideally be less than 40% of the total available credit limit on your two credit cards combined. Higher your credit utilization ratio, more will be the effect on your credit score. 

Credit inquiries

The number of credit inquiries on your credit profile is another aspect that impacts your credit score. Too many credit enquiries is suggestive of credit hungry behaviour, and lending institutions can reject you on the basis of this characteristic. 

Why choose Qbera for a poor credit personal loan

Here are some reasons why you should choose Qbera if you have a low credit score and you’re looking for a personal loan:

Credit Score

If you choose Qbera for your personal loan, a credit score of 600 is enough for you to qualify, at least from the credit score perspective. 


Your income should be Rs. 20,000 per month. Most lending institutions that offer personal loans, let alone personal loans for poor credit, require you to have a credit score of at least 750+. 


Your employer needn’t have to be listed in order for you to qualify for a bad credit personal loan from Qbera. Traditional lenders will reject your application if your organization is not listed. 

Shared Accommodation

Even if you stay in a shared accommodation, Qbera will offer you a personal loan. Your place of residence isn’t a criterion to reject your application. 

Digital process

From start to end, the application process is digital, including document verification. 

Instant loan approval

Even though you don’t have a good credit score, you can receive instant approval on your Qbera personal loan for low credit (score). 

1. Can I face rejection even if my credit score is above 600?

A. Yes, if your profile does not meet Qbera’s internal credit standards, you can be rejected. The most probable reasons for rejection include a high frequency of late payments in the recent past, instances of defaults, or too many monthly liabilities. 

2. How long do I have to wait if I have to re-apply for a personal loan with Qbera?

A. You will have to wait for 3 months before you can re-apply for a personal loan from Qbera. 

3. What are the documents to be submitted for personals loan for low credit scores?

A. The following documents need to be submitted:

  • Aadhaar Card

  • PAN Card

  • Cheques from your salary account (4 nos.)

  • Income documents – payslips for the last 3 months

  • Bank statements for the last 6 months

  • Photographs (passport sized)

4.  What is the minimum age to apply for a personal loan with a bad credit score?

A. The minimum age to apply for a Qbera personal loan is 23 years. 

5. How long will it take for my loan amount to reach my bank account?

It will take about 24 hours for your loan amount to reach your bank account. 

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


Powered by InCred

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

© 2021 Qbera | All Rights Reserved