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Private Finance Loan

Get Private Personal Loans Online
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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 Finance Loan

Want a private finance loan from a private finance lender at the most affordable interest rates? Well, Qbera offers private finance loans to salaried individuals with a minimum net monthly income of Rs. 20,000 per month. 

If you're looking for a private loan in any of India's top cities - Bangalore, Chennai, Delhi, Hyderabad, Pune, Delhi, Jaipur or Ahmedabad, Qbera has one for you! Qbera offers private finance loans at interest rates starting at 11.99% p.a. 

What factors influence your private finance loan approval from Qbera?

Qbera has very easy-to-satisfy eligibility parameters for private personal loans in India. Here are some factors that impact your loan eligibility:

Credit Score

If you want to qualify for a private finance loan with Qbera, you should have a minimum credit score of 575. While most private banks and traditional lenders require you to have a minimum credit score of at least 700, Qbera offers personal loans online to individuals with low credit scores as well. 

Income

The minimum income that you should have in order to qualify for an online personal loan with Qbera is Rs. 20,000 per month (net monthly salary). Private Banks require individuals to have a minimum monthly salary of Rs. 30,000 in order to qualify for an online loan

Employment

Applicants have to submit their bank statements for the last 3 months through a secure web channel using their netbanking credentials. The benefit of choosing Qbera is that applicants can become eligible for a personal loan even if their employer is not listed. 

Type and place of residence

Qbera does not reject applications on the basis of "type of residence". Meaning, individuals residing in shared accommodations are also eligible to apply for a personal loan with Qbera. Applicants should be residing in any of the following cities in order to qualify for a personal loan from Qbera - Bangalore, Mumbai, Delhi, Hyderabad, Pune, Chennai, Jaipur and Ahemdabad. 

Documents required for a private finance loan from Qbera

  • Aadhaar Card
  • PAN
  • Salary slips for the last 3 months
  • Bank statements for the last 3 months
  • Cheque leaves (salary account)
  • Photographs

NOTE: The application form can be filled online, and supporting documents required to complete the loan application and begin subsequent processing can also be uploaded online. 

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:
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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 89719 28484
Address:
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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