Same Day Online Loans

Same day online loans have grown enormously in popularity today, thanks to the emergence of new-gen lenders such as Fintechs and P2P lending platforms. Online loans are nothing but personal loans that are available online. Lenders offering online loans usually allow applicants to complete the entire loan application process online. Fintech companies who are now prominent in the “same-day personal loan” lending space, offering loans only to salaried individuals with a net monthly income of Rs. 20,000.

What makes Qbera the leading player for Same Day Online Loans?

The truth is, although there are so many lenders operating in this space, not all of them have an integrated system in place that can process and disburse loans in quick time. Traditional lenders like private banks take at least 6 to 7 business days to process and disburse loan applications. So, if you’re applying for a same day personal loan, here is why you should choose Qbera without second thought!

A digital application process

Qbera’s application process is entirely digital – you can apply for the loan online and also submit your supporting documents online. There might arise the need to collect physical documents – this is if you haven’t availed a loan earlier and your KYC documents could not be verified digitally.

Instant approval and same day loan processing

Once you apply for a personal loan with Qbera, your loan application will be processed on the very same day after you receive instant approval based on your credit outlook. Qbera’s proprietary risk-assessment algorithm assess an applicant’s credit profile in real-time, and accordingly generates approval or rejection.

Same Day Online Loans for individuals with low credit scores

Qbera offers same day loans to individuals with low credit scores, much unlike private banks that require applicants to have a minimum credit score of at least 750 (some banks allow credit scores of 700 as well). Qbera offers personal loans to salaried individuals with a minimum credit score of 600.

Personal finance options for employees of unlisted companies

If you’re looking for a same-day online loan and you’re employed with a company that is uncategorized, i.e., not listed in the database of banks, you don’t need to worry – Qbera has got a loan for you. Traditional lenders will immediately reject your loan application if your employer is uncategorized or unlisted.

Loans for individuals living in shared accommodations

Are you staying in a Paying Guest accommodation or a shared apartment accommodation? Not to worry! Approaching a bank in a case like this will most certainly lead to rejection, but Qbera does not reject applicants merely on this parameter.