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Smart Personal Loans in India

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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%.

Smart Personal Loans in India

What are smart personal loans?

Smart Personal Loans are personal loans that you can apply for with your smartphone. The biggest advantage of applying for a smart personal loan is that you can complete the entire application process, including uploading of supporting documents, online - through your phone. These are unsecured loans that do not require any form of collateral and are delivered to your bank account in no time!

From smart cities to smart cards, the world today all about being smart. There are smart classes at schools that cater to smart children of today who are hooked to the internet and are tech-savvy. Smart personal loans are the norm nowadays that helps the modern-day individual smartly deal with any kind of financial shortfalls.

How do you get a smart loan in India?

Fintech lenders and P2P lenders are your best bet if you are looking for a smart personal loan in India. This form of credit is a reliable and comfortable solution for circumstances that require speedy funds. P2P lenders and Fintech companies have become extremely popular these days, making the process of applying for a loan extremely simple and seamless. There is no limit on the end use of this type of credit - you can actually plan your dream wedding or vacation, finance your education or buy a second-hand car or bike with this personal loan.

So, it is understood that a smart personal loan is a smart solution for short-term financial deficits. There are some qualifying factors that are considered, these are:

  • You must be a salaried individual
  • You must have a min net salary of Rs.20 000/-
  • You must be above 23 years of age and less than 55 years
  • A minimum CIBIL score of 600 and no defaults in the last 24 months

Once you qualify for the loan, you can go ahead and choose a lending company based on your need. However, in this tech-savvy smart world, why would one waste time going to the bank branch just to submit a loan application. So, redefining the way loans work, Qbera a fintech offers a completely digitized loan process. You just need to log on to www.qbera.com and fill in some personal information to know if you are eligible, after which the documentation and verification process is undertaken. Once the process is completed you can expect the amount in your account within24-48 hours. Qbera gives out personal loans ranging from Rs 50,000 to Rs 25,00,000. So, any kind of need can be well managed by the loan. The loan tenure ranges from 6 months to 60 months and the rate of interest starts at 11.99%.

You can simply submit the bank statements and other documents online, but, there are a few physical documents that are needed. An executive collects these, so you do not have to run around for that.

Documents for Smart Personal Loans in India

  • Aadhaar Card
  • PAN Card
  • Proof of address
  • Salary and income documents
  • Photographs
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"

Are you ready to get your Qbera Smart Loan?
Select your employment type to proceed.
Self-Employed
Salaried

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?
Contact our support team via WhatsApp by clicking below:
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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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