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Same Day Cash Loans

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Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 10.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

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.  

 


View a complete list of our FAQs at our help center
Getting a Qbera Smart Loan is Simple
Fill out our online application form
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.
Connect your Bank Account
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.
Select your loan term
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.
You’re done! Get the money in your Bank Account as early as tomorrow.
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:
  1. 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
  2. EMI of ₹7091 per month
  3. Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
  4. 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%)
Repaying a Qbera Smart Loan is just as Simple
Repay your loan with automatic EMI payments.
  • Age: 21-57 years old
  • Net Monthly Income must be more than Rs. 18,000.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai, Hyderabad, Jaipur, Ahmedabad or Kolkata.
  • Aadhaar Card
  • PAN Card
  • 4 Cheques from your Salary Account
  • Current Address Proof
  • Permanent Address Proof (in case the permanent address is different from the address on Aadhaar card)
Pradeep

Pradeep

"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."

Shekhar

Shekhar

"I would like to thank Qbera for speedy loan processing. I was having a tough time in deciding which bank would actually take my request for a loan as the loan was supposed to be for credit card payoff. I was forced to use my credit card for an unforeseen expense which I could not avoid and was finding it tough to pay back due to the high interest cost on credit cards. 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...

Syed

Syed

"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."

Anish

Anish

"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"

Arun

Arun

"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"

Bhaskar

Bhaskar

"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"

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QBERA

We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 10.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

* Subject to Risk Profile

Need Help?
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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 89719 28484
Address:
1st Floor, Wolfpack Workspaces,
#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

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