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 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.
You can see below the eligibility table that compares the parameters adopted by Qbera and private banks.
|A minimum score of 600
||A minimum score of 700; a minimum of 750 in some cases
|Minimum net monthly income of Rs. 18,000
||A minimum income of Rs. 30,000
|No defaults in the last 12 months
||No defaults in the last 12 months
|Late payments a few times are allowed
||Late payments will most likely lead to rejections
||11.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 months
"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"