Private Finance Loan
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.
Interest Rate & Other Charges
Interest Rate
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11.99% to 35.99%
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Processing Fee
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1% to 5% of total loan amount
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Loan Amount
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₹1,00,000 to ₹15,00,000
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Loan Tenure
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12 to 60 months
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