The need to take loans to meet fiscal deficits is on the rise and more so in emerging and fast-growing cities like Hyderabad. For quick loans in Hyderabad opt for Fintech companies such as Qbera that offers excellent facilities. You can get the required amount in a short period of time and with a long repayment tenure. With loan amounts ranging from Rs 50 000 to Rs 25 00 000 any kind of monetary need can be easily managed.
Quick Loan in Hyderabad - Difference between Qbera and traditional banks:
Qbera
|
Traditional Banks
|
CIBIL score of 600
|
Minimum CIBIL score of 750
|
Minimum net monthly income of Rs. 18,000
|
Minimum net salary of Rs 30, 000 and more
|
No defaults in the last 12 months
|
No defaults in last 12 months
|
Late payments a few times are allowed
|
Late payments attract heavy penalty
|
Paperless loans
|
Paperwork involved
|
Features of Quick Loans in Hyderabad from Qbera
-
Instant procedure- The entire process of applying for the loan, checking eligibility and documentation is done online and it is quick.
-
Flexible repayment options - these online personal loans give the customers the benefit of flexibility in choosing a tenure. The tenure ranges from a year to 5 years.
-
No collateral required- These are unsecured loans and so, you don’t have to worry about pledging your assets.
-
Secure platform- All your details are secure and there is strict adherence to the policy of not sharing customer details without permissions.
-
Competitive rate of interest- The interest rate of personal loans is quite competitive as there are a number of players in the field. So, hunt around for the best interest rate possible.
Different ways to use a Quick loan in Hyderabad from Qbera
Medical bills: An emergency hospitalization and subsequent bills can be managed with a quick loan in Hyderabad from Qbera. These personal loans have manageable rate of interest and easy repayment tenures eliminating the stress associated with huge medical bills.
Marriage bills: A wedding is once in a lifetime event and so everyone plans it in the best way possible. This often leads to huge bills and a whole lot of planning and execution which further takes money and efforts. The money aspect can be dealt with easily with a personal loan that is stress-free.
Educational certification: The highly competitive world of today tends to trample the ones without credentials. You can upgrade your qualifications to be better noticed and also to get a good position. These course upgradations are invariably expensive but fret not with an instant personal loan from Qbera.
Consolidate debts: The rise is lifestyle and cost of living has forced many to opt for more than one credit card, often leading them into the vicious cyclic debt. A quick personal loan in Hyderabad from Qbera can be your savior in consolidating all such debts under one head and repaying in easy EMIs.
Plan exotic vacation: Vacation is much needed to destress, however, the costs involved can add to the stress. So, instead of digging into your savings choose quick loans with easy repayment options.
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
|
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.
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.
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.
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:
- 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
- EMI of ₹7091 per month
- Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
- 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%)
About Qbera
Partner with Qbera
Press
Reviews
Call Back Request
