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HDFC Travel Loan vs Qbera Travel Loan

Collateral free travel 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%.

HDFC Travel Loan vs Qbera Travel Loan

To rejuvenate one’s mind, body and soul it is essential to break free from daily routine and travel. This gives a much-needed relaxation to the mind resulting in a better life and work. A positive outlook towards life is quite contagious. However, the planning process is not so easy, and the costs involved are also exorbitant depending on the location. The exotic locations without a doubt cost more when compared to local destinations. When traveling consider a budget that consists of transportation costs - flights, trains or a luxury cruise, the accommodation costs, food, sightseeing and the not to be missed shopping for souvenirs to take home. To ensure that these do not disrupt your saving or your monthly family budget, opt for a travel loan that is all-encompassing.

There are quite a few travel loans being offered by different banks and financial institutions. You can choose an offer that is best suited to your requirements.

HDFC Travel loan- Advantages

HDFC personal loans have the added advantage of personal accident cover and insurance which is a fantastic way to secure yourself against eventualities while traveling. If you are a pre-approved customer of HDFC bank, you can get the loan amount at your disposal within 4 hours.

  • Extended to salaried individuals
  • Age group of 21-60 years
  • Minimum monthly salary of Rs 20,000(in metro cities)
  • Digital application form
  • Flexible use
  • Competitive interest rate
  • Can avail attached insurance facilities
  • Dedicated Customer service

Qbera Travel loan- Advantages

Qbera offers personalized personal loan to plan and organize the ideal vacation without fretting about the depleting saving. There are multiple ways that a loan from Qbera can be personalized. If you possess an ideal credit score, the interest rate, as well as the repayment tenure, can be adjusted to your requirements.

  • Excellent solution for salaried individuals and self-employed persons
  • A net monthly salary of Rs 18,000
  • Anyone in the age group of 23-55 years can opt for it.
  • A completely digitized process
  • Flexibility of usage
  • Minimal processing fee and no hidden charges
  • Competitive interest rate
  • Dedicated customer care

Travel Loan HDFC vs Travel Loan Qbera

Particulars
HDFC Travel Loan 
Qbera Travel Loan
Particulars
HDFC Travel loan
Qbera Travel loan
Rate of Interest
Starting at 15%
Starting at 10.99%
Tenure
5 years
5 years
Loan amount
Up to Rs 40,00, 000/-
Up to Rs 25,00, 000/-
Disbursal time
4 hours
24-48 hours max
Processing Fee
2.50% of loan amount
1%-5%
CIBIL score 
700 and above
600 and above


Before applying for a loan, always check the eligibility criteria and one of the important criterion is the CIBIL score. A high score ensures that the loan is not rejected and also gives you the power to negotiate your preferred interest rate.

Factors that impact your credit history

  • Payment history which includes all the defaults in payments done in the past
  • The diverse types of credit availed by you that includes both secured and unsecured loans.
  • Credit inquiries made by lending institutions- multiple inquiries are indicative of credit-hungry behavior.
  • The level of debt usage, the closer you are towards the maximum limit, lower the score.
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

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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 89719 28484
Address:
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#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

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