Quick Personal Loans Online

With Quick Personal Loans from Qbera, you don't have to wait several days to get your loan disbursed! With an advanced risk-evaluation algorithm, you will receive instant loan approval if your credit profile meets Qbera's extremely lenient eligibility parameters. If you are a salaried individual and draw a minimum net monthly income of Rs. 18,000, you can get a quick loan from Qbera at an affordable rate of interest. 

Your credit score's influence on your quick personal loan application

Your credit score as such has a significant bearing on your loan application. In order to be eligible for a personal loan from Qbera, you need to have a minimum credit score of 600. Qbera also offers loans to individuals with no credit history - so if you've never availed a credit product earlier and you are at least 23 years old, you can be eligible for a quick personal loan from Qbera. 

Most private banks offering personal loans to salaried and self-employed individuals have a minimum credit score criterion of 700 in order for them to be eligible. Some very popular banks that offer the best interest rates in the market have a credit score threshold of 750+ too. In order to improve your approval chances, you must make sure that your credit health is good, and you have no instances of defaults in your credit profile as such. 

Eligibility for quick personal loans - Qbera vs Private Banks

You can see below the eligibility table that compares the parameters adopted by Qbera and private banks.