Personal Loans made simple!
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.
Interest Rate & Other Charges
||11.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 months
- 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%)
- Age: 21-57 years old
- Net Monthly Income must be more than Rs. 18,000.
- No defaults in the last 24 months.
Documents Required after Digital Approval
- Aadhaar Card
- PAN Card
- 4 Cheques from your Salary Account
- Current Address Proof
- Permanent Address Proof (in case the permanent address is different from the address on Aadhaar card)
"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 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"