Quick Loan in Bangalore

Bangalore has grown leaps and bounds in recent times; from being an idyllic retirement venue to becoming the silicon hub of India. This has also led to a drastic change in the lifestyle and needs of the city dwellers. For demands of Quick loans in Bangalore, it is advisable to approach a Fintech. Banks and NBFCs take about a week or more in processing a personal loan, but, Fintechs does the same within a day or two. So, when the need is urgent, and you require Quick loan approach Qbera. These fast disbursal, quick loans are quick, easy and hassle-free. Qbera, for instance, will inform you about your loan eligibility and offer in 2 mins. The documentation and validations are all done online with minimum paperwork. After the completion of all checks, the amount is deposited directly into your bank account in 24-48 hours. 

Quick Loan in Bangalore from Fintech lenders

Fintechs do not have stringent criteria for disbursing loan when compared to traditional banks. Being unsecured loans, they are also collateral free. The absence of collateral makes these loans affordable by the young households that do not possess any asset and so are relatively easier to take. Also, CIBIL scores play a vital role in determining the loan eligibility and the interest rate that you are offered. While banks insist on the score being 750 and more, Quick loans in Bangalore by Qbera is offered to those with a marginally low score of 600 as well. The rate of interest offered differs depending on the credit score. A borrower with higher credit score has the privilege to negotiate a lower interest rate. Qbera also offers the benefit of long repayment tenure, from 12 months- 60 months. Accordingly, you can choose a quick cash loan in Bangalore with an affordable rate of interest and tenure so that your monthly budget doesn’t go haywire.

Eligibility for Quick Loan in Bangalore from Qbera

• You must be a salaried individual
• You must have a min net salary of Rs.18 000/-
• You must be above 23 years of age and less than 55 years
• A minimum CIBIL score of 600 and no defaults in the last 24 months

Benefits of quick personal loans in Bangalore from Qbera

• Flexible: The loan can be used to fund a marriage, education, home renovation, vacation or to consolidate debts. The scope of usage is varied and there is no capping on it.
• Completely digital: The loan application and processing are done online without the need to physically visit a branch or prove stack loads of paperwork. The application, documentation, verification, and disbursement are all carried out online.
• Competitive interest rate and long repayment tenure. This ensures that the loan repayment is not a burden on the monthly family budget. An income to loan ratio of 30% is considered ideal while granting a personal loan.
• Marginally low CIBIL score is not an issue and the application is still considered. The loan processing is based on various social and economic leaning of the individual as well as job stability. The CIBIL score is not the sole deciding factor.