Quick Online Personal Loan in India

For Quick online personal loans, choose Qbera if you want to receive instant approval and get your loan amount within 24 hours!. 

Quick Online Loans are new age instant personal loans that are easy to apply and receive. The entire process which includes application submission, determining eligibility, document submission and collection, verification and finally acceptance of loan proposal and disbursement of the amount, is completely online. Being fully digital, it is possible for you to complete the entire process in a matter of hours. In Fact, the amount can be disbursed to you within 24 hours after you receive and accept the customized loan offer. 

This aspect of quick online personal loans has made it an ideal option when faced with emergency monetary situations. Banks do take their time, however, with Qbera you can receive the money immediately.

Quick Online Personal Loans in India - Difference between Qbera and traditional banks

Features of a quick online personal loan in India from Qbera

• Digital loan: These are completely online loans with minimal documentation. The process can be completed online and with the latest in technology.
• Economical ROI: The rate of interest offered is one of the best in the industry and a low interest rate means lower repayments over the course of the loan tenure. 
• Flexible repayment tenure: The ability to choose a repayment tenure that best suits your need is essential in maintaining an ideal monthly household budget. Repayment tenures start from 12 months and stretch up to 60 months. 
• Multifunctional loan: These loans can be put to a vast number of uses. No limitation imposed by the lender and so can be used to renovate your home, pay bills, consolidate debts or go on a  vacation.

How to choose an ideal loan tenure?

For a quick online personal loan, a loan tenure ranging from 12 months to 60 months is applicable. The point to consider, however, is if you can afford to pay a higher EMI or a lower one. A long repayment tenure means the EMI will be less and there will be more money at one’s disposal each month. A short tenure on the other hand means that EMIs will be high and so a bit of financial strain each month. 

However, in regard to total interest paid out to the lending institution- a longer tenure means more payments whereas a short tenure means lesser pay outs.

So, an ideal loan tenure will be one in which you can make timely monthly payments without a strain on household budget and over a short period of time. So carefully consider the answers to following three questions while deciding on a loan tenure.

1. What is the monthly budget for your income?

2. Consider your existing liability- all existing liabilities

3. Are there any future financial prospects?

 It is to be noted that a monthly payout of more than 50% of your income is not considered wise. And do take care to divert any bonus or financial gain towards repaying debt at the earliest.