A quick loan in Kolkata from Qbera can be your best answer to any financial shortfall. Be it planning a wedding, traveling or getting an education certification, Qbera can help you by offering super-quick and instant-approval personal loans.
Quick loans in Kolkata have become a lifesaver for those who need money urgently. Personal loans are unsecured loans and so they are easy access to money, however, for the same reason, there are many checks and verifications in place. The technological advancements have enabled Fintechs like Qbera to offer quick loans that are easy to apply and also have a short turn around time, this makes then accessible as soon as the need arises without the requirement to wait for long time periods.
Quick Loans in Kolkata – a comparison of fees and charges involved
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Parameters
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Qbera
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Banks
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Processing fee
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1% -5%
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2.25% of principal + GST
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Interest rate
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Starting at 10.99%
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Starting at 11.99%
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Credit Score required
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600 and above
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750 and above
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Loan amount
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Up to Rs 25 00 000
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Up to Rs 15 00 000
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Minimum age required
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23 years
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21 years
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Pre-closure charges
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5% + GST
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5% + GST after a lock in period
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Features of Quick loans in Kolkata from Qbera
Low-interest rate: The interest rate is directly responsible for the total payout at the end of the loan term so lesser the interest better the loan in the long period. Qbera offers personal loans starting at 10.99% which is one of the best in the industry.
Long repayment tenure: This has a massive impact on the EMIs. A long-term loan simply means a lesser amount to be paid out on a monthly basis. Quick loans in Kolkata from Qbera have flexible repayment tenure that spans up to 5 years.
Digital technology: Qbera is a Fintech and has access to the perfect blend of technology and finance with their revolutionary risk assessing algorithms. This has enabled them to reach at lending decisions swiftly and accurately.
Online Process: The entire process from application to disbursal is done online. The verification, document submission, and assessments are all carried out online seamlessly. Also, the process usually takes 24-48 hours from start to finish provided the documents are accurate.
Collateral-free loans: These are unsecured loans and so no asset is pledged. The loan is to be repaid from salary and so requires a healthy income to debt ratio.
Different ways to use a Quick loan in Kolkata
Personal loans are highly versatile unsecured loans and so they can be put to a variety of uses. Infact, they can be the best solution to any kind of monetary requirement.
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Medical bills: An emergency hospitalization and subsequent bills can be managed with a quick loan in Kolkata from Qbera.
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Marriage bills: A wedding is a high-cost event and any monetary help is welcomed. Being one of the important life event, everyone wants it to be perfect. This often leads to huge bills and a whole lot of planning that involves money. A personal loan can be a stress -free source of money.
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Educational certification: You can go in for that course that will boost your career without worrying about the money with a personal loan.
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Plan exotic vacation: To de-stress and rejuvenizes oneself a stress-free vacation is essential. This is possible with a quick loan in Kolkata that has an economical rate of interest as well.
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help center
Interest Rate & Other Charges
Interest Rate
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11.99% to 35.99%
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Processing Fee
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1% to 5% of total loan amount
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Loan Amount
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₹1,00,000 to ₹15,00,000
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Loan Tenure
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12 to 60 months
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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%)
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