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Private Loan against Cheque

Get Private Personal Loans Online 
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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%.

Private Loan against Cheque

If you come across advertisements that offer you a private loan against cheque, be very careful, as these are definitely private money lenders who can take you for a ride with high-interest rates. It is a no-brainer that you should always look to banks or NBFCs to get an unsecured personal loan as they offer better interest rates and are regulated by company rules and procedures that aim at protecting not just them but even the borrower against eventualities.

Getting a Private Loan Against Cheque in India 

Online personal loans are the best solution for monetary shortfalls. Although while comparing personal loan with home loans or vehicle loan, the rate of interest is quite steep. However, it is to be expected as there are no collaterals attached to it. Online Personal loans are high-risk loans that do not require any collateral to be pledged. Fintech companies like Qbera use advanced algorithms and risk calculations methods to determine the eligibility in as less as 2 min.

If you are a salaried individual with a minimum take-home salary of Rs 20,000 per month, you can avail a personal loan with interest rates ranging from 11.99% to 35%.  Banks usually accept unsecured personal loan applications that have a CIBIL score greater than 750 but Qbera also considers a score of 575. This is again thanks to their advanced risk calculation algorithms using various socio-economic factors. The age group preferred is 23-55 years of age. This group is better equipped to make use of the long repayment tenure that is offered. The online personal loans tenure ranges from 6 months to 60 months.

There is also minimal documentation requirements. Since most of the process is online, the application and bank statements can be submitted online using secured net banking, few physical documents like PAN card and Aadhar card are also collected. Post-dated cheque from your salary account also has to be presented. With the monthly EMIs being deducted directly from the account why is the cheque still a part of the process?  

The obtention of the cheque is done as it’s easier for the financial company to recover the amount in case of non-payment. A private loan against cheque is not something that financial institutes do.

Personal loans are multi-dimensional and one of the best ways to take care of fiscal shortfalls. Be it funding your marriage or education or the need to undertake urgent repairs or renovations in your home, you can use the amount as you require. The amount can also be used to pay for emergency medical bills or simply to consolidate various existing debts.

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"

Are you ready to get your Qbera Smart Loan?
Apply Now


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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
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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