Qbera Open Nav

Private Cash Loan

Private loans disbursed within 24 hours!
Get my loan offer!
It only takes 2 minutes
Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 10.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Private Cash Loan

Private cash loans are personal loans that have a fixed rate of interest and flexible repayment tenure. These are unsecured loans that can be availed by an individual without pledging any kind of collateral. They also come armed with an economical rate of interest and long repayment tenure. Qbera offers its customers cash loans with a host of features that can help them tide over any kind of financial shortfalls.

A typical private cash loan in India can offer financial support starting from Rs 50,000 to Rs 25,00,000 depending on the eligibility. The loan tenure ranges from 6 months to 60 months and the interest rate starts from 11.99%. However, the offered interest rate will depend on several factors including an individual's credit score, repayment history, age, income, employer etc. In order to get the best interest rate, it is advisable to have a good credit score, not too many instances of late payments, and no defaults.

It is advisable to check for the eligibility criteria before applying for a loan. Eligibility conditions differ from organization to organization. If you go ahead and apply without checking, there is a high chance of your application being rejected which will further have a negative effect on the CIBIL score. CIBIL is a premium institute that collects data from different financial institutes and assigns a credit score to individuals based on their credit history. This score is highly important and is one of the decisive factors when it comes to granting loans. So, better the score, higher are your chances of getting a loan and at a lesser interest rate.

Eligibility for private cash loans in India

  • You must be a salaried individual
  • You must have a min net salary of Rs.20 000/-
  • You must be above 23 years of age and less than 55 years
  • You must have a minimum CIBIL score of 600 and no instances of defaults should be present in your credit profile over the last 12 months. 

A private cash loan in India from a Fintech company like Qbera is preferred. These Fintechs do not completely rely on your credit score. Yes, it is important but the advanced risk calculation algorithms ensure that the risk is better assessed using social and economic behavior of the individual as well. It is also ideal for people who do not have any credit history.

Qbera, for example, gives loans to individuals with a minimum CIBIL score of 600. They also do give loans to individuals staying in hostels and as paying guests. These are areas where traditional banks usually do not give cash loans.

The process of loan application is completely digitized. The application, documentation, verification all are done online. However, there are some documents that have to be physically collected. These include:

  • Aadhaar Card
  • PAN Card
  • Proof of address
  • Salary and income documents
  • Photographs

Looking for a private cash loan in India? Choose Qbera for your instant credit needs!

View a complete list of our FAQs at our help center
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.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai, Hyderabad, Jaipur, Ahmedabad or Kolkata.
  • Aadhaar Card
  • PAN Card
  • 4 Cheques from your Salary Account
  • Current Address Proof
  • Permanent Address Proof (in case the permanent address is different from the address on Aadhaar card)
Pradeep

Pradeep

"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."

Shekhar

Shekhar

"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...

Syed

Syed

"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."

Anish

Anish

"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"

Arun

Arun

"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"

Bhaskar

Bhaskar

"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?
Select your employment type to proceed.
Self-Employed
Salaried

QBERA

We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 10.99% 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:
whatsapp

E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 89719 28484
Address:
1st Floor, Wolfpack Workspaces,
#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

© 2018 Qbera | All Rights Reserved