Quick Cash Loans in Bangalore

Qbera offers Quick Cash Loans in Bangalore at interest rates starting from 10.99% p.a. In order to be eligible for a quick personal loan from Qbera, you should be salaried, with a minimum net monthly income of Rs. 18,000.

Features of Quick Cash Loans in Bangalore from Qbera

Personal loans for individuals working in unlisted companies

Individuals employed with unlisted companies can get cash loans from Qbera. Currently, Qbera is catering to the instant credit needs of employees of over 7,00,000 companies in India, many of which aren’t listed in the database of banks or other traditional financial institutions. Most top banks reject applicants who aren’t employed with companies that aren’t listed in their database.

Loan approval within seconds

Applicants who apply for a quick cash loan from Qbera will receive instant loan approval based on vital parameters in their credit profile. These parameters include the credit score, the repayment history, the number of sources of credit, and the quantum of credit. These parameters are instantly evaluated by Qbera’s risk-assessment algorithm and an applicant who meets Qbera’s internal credit norms will receive instant approval. In cases where an applicant fails to meet Qbera’s internal credit norms, he/she will face rejection.

Paperless application process

The loan application process is predominantly paperless, involving minimal paperwork – an applicant has to submit his/her KYC documents, which is the only physical paperwork required. Bank statements and payslips can all be submitted online – payslips can be uploaded online while bank statements can be sent through a secure web channel by logging in with your internet banking credentials.

Eligibility for quick cash loans from Qbera

In order to avail an instant loan from Qbera, you must satisfy the following eligibility parameters:

• You should be at least 23 years of age and not older than 55 years.
• Your minimum net monthly income should be Rs. 18,000 per month.
• You should have a minimum credit score of 600.
• No instances of default should be present in your credit profile for at least 12 months. Multiple EMI bounces or multiple instances of late payments can negatively impact your approval chances.
• The information contained in your documents should be accurate and consistent. Signatures on signed forms have to match too.

Documents required for cash loans from Qbera

Here is the list of documents required – submitting all these documents is mandatory to process and complete your quick personal loan application.

• Aadhaar Card
• PAN Card
• Cheque leaves from your salary account – 3 to 5 nos.
• Photographs
• Income documents – can be uploaded online.
• Bank statements – can be submitted online.

An executive from Qbera will visit you to collect your KYC documents and obtain your signature on the loan forms, following which your documents will be verified the very same day and your loan will be disbursed within 24 hours post that.

In order to improve your approval chances, make sure you have a good credit score and no late payments in the last few months. If your credit health is good, you will receive instant approval and get your loan amount within 24-48 hours.