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Unsecured Loans in India

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Choose your employment status to find the Qbera Loan that’s best for you!
I am Salaried (I currently work for a Private Ltd, Public Ltd, Govt., LLP)
I am Salaried (I currently work for a Proprietorship, Partnership Firm)
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%.

Unsecured Loans in India

The young and modern Indians prefer modern ways of lending over the traditional. And well, can we blame them, certainly not, the traditional money lenders would require collaterals, charge exorbitant interest rates and there was simply no transparency in their ways. To power the young individuals of today, the financial institutions have come up with unsecured personal loans. These unsecured loans in India are offered by banks, NBFC as well as Fintech companies.

What does an unsecured loan imply?

The word unsecured means that these loans do not require any type of collateral. For example: if you opt for a home loan, the home you purchased also belongs to the Bank which has financed it. You are staying and using the property but the bank also has custody of the papers and in case of defaults in payment or non-payment, you can be evicted from the house. With an unsecured loan in India, there's no such worry; these collateral-free loans are easy cash to deal with short-term financial deficits.

These unsecured personal loans fall in the high-risk category and so the companies rely heavily on the CIBIL score of an individual to determine their credibility. A score of 750 and above is considered as ideal by Banks and other financial institutions. Fintech companies like Qbera do however, consider your application if it is as less as 575.

Where can personal loans be used?

With these unsecured loans, the institution does not specify the end use of the amount. Home loans are used to buy a home, vehicle loan to buy a vehicle, however, with personal loans you can use it as and how you deem necessary. The amount can finance your marriage or education, can be used to renovate or upgrade your home, Buy that second-hand car or bike, pay medical bills or simply to go on a dream vacation.

How to apply for unsecured loans in India?

It is quite simple to apply for such an unsecured loan in India. All you have to do is go online and fill in the parameters and check for your loan eligibility. Banks have a big list of criteria and quite a lot of paperwork which is a deterrent for the time conscious working population. Fintech companies like Qbera have stepped in with minimal paperwork and instant notifications to bridge this gap in demand and supply.

Qbera lets you know if you are eligible for a loan is as less as 2 mins. Once approved, you can actually see the amount reflected in your bank account statement within 24-48 hours.

The documents required are:

•          Aadhaar Card

•          PAN Card

•          Proof of address

•          Salary and income documents

•          Photographs

The main eligibility criteria that Qbera requires 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

•          Minimum CIBIL score of 575 and no defaults in the last 24 months

View a complete list of our FAQs at our help center

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
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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