Same Day Cash Loans in India

Same day personal loans are a boon in the current day and are helping an increasing number of individuals get immediate access to instant credit. If you require immediate funds for a wedding occasion, to tend to an emergency, or travel over the weekend, choosing Qbera for an instant personal loan is perhaps the best solution for several reasons.   

Same Day Cash Loans are very popular in the market today, with the number of lenders offering same day personal loans increasing quite dramatically. Qbera offers same day cash loans to salaried individuals with low-income levels and lower than prime credit scores. 

Choosing a Fintech for your same day cash loan needs - Why is it better than approaching a traditional lender?

Although traditional lenders are very much active in the market and offer the best rates, choosing a Fintech lender makes more sense for a number of reasons. Let's find out!

Interest Rates

Although traditional lenders that include top banks are known to offer the lowest interest rates in the market, there isn't a steep difference between rates offered by Fintech lenders. As a matter of fact, interest rates are almost always dependent on an individual's credit score, repayment history, and current repayment obligations. Say you want a personal loan but your credit score isn't in the "excellent" range - even though you qualify for an instant loan from a bank on the basis of your credit score and repayment history, you won't get the best possible interest rate because your score isn't all too impressive. Going by this logic, it makes more sense to approach a Fintech lender as they offer a strong of comparatively better benefits. 

Let's look at some benefits of same day cash loans from Qbera

• With a Fintech like Qbera, you can get a personal loan even with low income. A minimum net monthly income of Rs. 20,000 is necessary, however. Private banks, on the other hand, require you to have a minimum net monthly income of at least Rs. 30,000. 
• Qbera offers personal loans for individuals with low credit scores as well. Applicants with a minimum credit score of 600 are eligible for a personal loan with Qbera. Top banks, on the other hand, require individuals to have a minimum credit score of at least 750 to qualify for a personal loan. 
• If you approach Qbera for your same day cash loan, you will receive the loan amount on the very same day. Private Banks, on the other hand, take at least 7 to 8 working days to disburse your loan.