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Secured Loans in India

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I am Salaried (I currently work for a Private Ltd, Public Ltd, Govt., LLP)
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I am Self Employed (I have my own business)
I am Currently Not Employed
Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Secured Loans in India

What are secured loans?

Secured loans are loans that involve a legal asset, owned by the individual applying for the loan. Most common examples of secured loans are car loans and home loans – note that both these types of loans involve legal assets. 

As far as loan amounts are concerned, secured loans are bigger in quantum when compared to unsecured loans such as personal loans. However, the interest on secured loans can be comparatively lesser or equal to the interest rate on personal loans (unsecured credit). For instance, currently, in India, the interest rate on personal loans starts at about 11%-12% p.a. and goes up to 24% p.a. The interest rate on car loans is about 12% while home loan interest rates are around the 10% p.a. margin. 

Prominent features of secured loans in India

  • Secured loans usually come with lower interest rates in comparison to unsecured loans (personal loans). 

  • The tenures in the case of secured loans are longer than unsecured loans. Personal loans usually come with a maximum tenure of 5 years while car loans have maximum tenures of 7 years and home loan tenures go up to 30 years.

  • Sometimes, banks offer two different types of rate packages – this is mostly true in the case of home loans. In the case of home loans, banks usually offer a fixed rate package and a floating rate package. In the case of fixed rate packages, the interest rate will remain fixed throughout the loan tenure, while in a floating rate package, rates can fluctuate on the basis of market parameters and central bank regulations. 

  • In case of non-recovery of the loan amount, the bank will take possession of the asset and sell it in correspondence with the asset’s market value. 

What types of loans does Qbera offer?

Qbera is a Fintech company that offers unsecured loans (personal loans) to salaried individuals. Qbera does not offer secured loans currently, neither does it offer personal loans to self-employed individuals. 

Learn more about Qbera’s travel loans! Click here!

Features of unsecured loans from Qbera

Online unsecured loans for individuals with low credit scores

Qbera offers unsecured loans to individuals with low credit scores – a score of 600 is good enough to be eligible for a personal loan with Qbera. Most traditional lending institutions require individuals to have a minimum credit score of 750+ in order to become eligible for a personal loan. 

Unsecured loans for individuals with low income

Qbera offers unsecured loans to individuals with an income of Rs. 20,000 p.m., quite unlike traditional banking institutions that require individuals to have a minimum income of Rs. 30,000 or Rs. 35,000 to be eligible for a loan.

Flexible loan tenures

If you choose Qbera for an unsecured loan, you can choose from flexible loan tenures starting from 6 months to 60 months. You can also pre-close your personal loan before the loan tenure comes to an end. 

Unsecured loans to individuals employed in unlisted companies

Popular financial institutions that are active in the personal loan lending space do not offer personal loans to individuals who aren’t employed with listed companies (companies that are listed in the bank’s database after evaluation of their credit profile and market presence). Qbera, however, offers loans to employees of unlisted organizations/companies. 

Digital loan processing 

When you apply for an unsecured loan from Qbera, the entire loan application is processed digitally and there is no need to submit physical documents. But in case you don’t have a credit history, Qbera will send a representative to collect your documents as your documents need to be verified. In a majority of cases, documents are verified digitally. 

Quick loan disbursal

When you apply for an unsecured loan from Qbera, you can expect to receive the loan amount in 1-2 days, after your documents and credit profile has been verified and you receive your loan offer post approval of your loan application. 

How to apply for an unsecured loan online from Qbera?

The application process to apply for an unsecured loan is fast and simple, and can be completed in just a few steps. Here is how you can apply for an unsecured loan from Qbera:

  • Login to the Qbera website and click on the option to apply for a loan. Note that Qbera offers loans only to salaried individuals. 
  • Fill out details as requested including the loan amount, your loan purpose, and your professional and personal details. 
  • Submit your documents including your bank statements by logging in to a secure web channel through your netbanking credentials. 
  • You will receive a customised loan offer from Qbera after your documents are verified. 
  • Once you accept the loan offer, the loan amount will reach your bank account within 24-48 hours. 
  • Using the Qbera online EMI Calculator
  • You can use the Qbera Online EMI calculator to know your loan eligibility based on two parameters – your current monthly income and your current monthly obligation towards any active loans/credit card accounts. 

Click here to use Qbera’s online EMI Calculator and know your loan eligibility instantly

Interest Rate on unsecured loans from Qbera

The interest rate on personal loans offered by Qbera start at 11.99% p.a. and can go up to 24% p.a. Common parameters that influence the interest rate on your personal loan application include your repayment history, credit score, and number of credit accounts. 

1. What is the minimum age to apply for an unsecured personal loan with Qbera?

A. If you wish to apply for an unsecured personal loan with Qbera, you should be a minimum of 23 years of age. The maximum age to apply for an unsecured loan with Qbera is 55 years. 

2. What are the minimum and maximum amounts that can be borrowed?

A. Qbera offers unsecured loans starting from Rs. 25,000, going up to Rs. 10 Lakhs. Depending on your income and credit profile, you will be eligible for a particular loan amount from Qbera – you can check your loan eligibility using Qbera’s Online EMI calculator. 

3. What are the documents that I need to submit if a Qbera executive comes to collect my documents (usually the case when there is no credit history present)?

A. The following documents need to be submitted:

  • PAN Card

  • Aadhaar Card

  • Proof of Address

  • Payslips for the last 3 months

  • Bank statements for the last 6 months

  • Cheque leaves (salary account – 4 nos.)

  • Photographs (Passport size)

4. Does Qbera offer unsecured loans to self-employed individuals?

A. Qbera offers personal loans only to salaried individuals currently. 

5. What is the interest rate on Qbera’s unsecured personal loans?

A. Interest rates start at 11.99% p.a. and can stretch up to 24% p.a.

Interest Rate & Other Charges

Interest Rate
11.99% to 35.99%
Processing Fee
1% to 5% of total loan amount
Loan Amount
₹1,00,000 to ₹15,00,000
Loan Tenure
12 to 60 months
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.
  • Aadhaar Card
  • PAN Card
  • Current Address Proof


"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 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...



"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"

Are you ready to get your Qbera Smart Loan?
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We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

* Subject to Risk Profile

Need Help?
Contact our support team via WhatsApp by clicking below:

E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 72080 56906
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MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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