Unsecured Loans

What are Unsecured Loans?

Unsecured loan is the kind of loan that doesn’t need any collateral to be put forth by the borrower. It’s as simple as that. In this kind of loan, the lender is faced with more risk than when there is a collateral put up for the borrowed sum. The higher risk means that the lender will charge more interest. The lender will approve an unsecured loan application if they have confidence that the borrower will repay the borrowed amount. The lender will judge the borrower based on their previous debt habits or credit score. Each lender will have a different cut-off for the minimum credit score that they expect the borrower to have. At Qbera, we need customers to have a minimum credit score of 625.

Unsecured Loans India

The only thing you bring to the table is your signature. That means that even if you default on your payments, we the lender has no right to possess your car or other valuables. However, failing to make your repayments on time will get you into deep debt. It will also affect your credit score, reducing your chance of being to avail loans in the future.

The most attractive feature of unsecured loans must be the fact that availing it is quick and easy compared to a secured loan. In financial emergencies, it is obvious which kind of loan to go for.

Usually unsecured loans in India come with fixed interest rate which means that the interest rate will not change over the loan tenure. The time you get to make the full repayment varies across lending companies. In the case of Qbera for instance, you can choose between one and three years to make your repayment.

Before you apply for a personal loan, do the math and figure out how much you can afford. The EMI that is payable each month should fit in with your monthly budget. The EMI should be comfortable for you. You shouldn’t have to struggle each month to make your repayment. Only borrow such an amount.

How to Apply for Unsecured Loans from Qbera:

Getting an unsecured loan via Qbera is as easy as buying chocolate online. It’s a simple five step process:
  1. Log on to Qbera.com and fill in the application form (which takes just about 5 minutes)
  2. Upload your bank statement on the website
  3. Receive an offer from Qbera within 4 hours
  4. A representative from Qbera will come to you, at your convenience and collect the required documents.
  5. Once approved, the amount that you want to borrow will be credited in your account in less than 24 hours

Features & Benefits of Unsecured Loans:

No collateral

Unsecured Loans mean that loan is offered without having to put up collateral. Your credit score and employment status determines your eligibility to avail a loan from us.

One day approval

Application, approval and disbursement of your funding can be done in just a day!

Up to 100% financing:

You can avail one lump sum (from Rs. 50,000 and up to Rs. 7.5 lakhs) to cover all your financial needs together.

Fees and other charges

We uphold a policy of being 100% transparent when it comes to charges and fees. All charges will be clearly indicated at the time of availing the loan so that you are not surprised with any unknown charges later on. The processing fee that is charged on the loan is just 2-3% (which is based on the amount borrowed). Other charges like prepayment charges, late payment fees, ECS/cheque bounce charges and special service request charges are as per the RBL norms.

Complete support

The support that we provide is unlike any other in the market. Our staff will hold your hand from the very first step of deciding how much you can borrow to the very end when your loan is paid off. The Qbera staff is available anytime between 10AM and 6PM IST on weekdays. On weekends, they are available between 10AM and 1PM. The Whatsapp number that you can reach the staff is +91 89719 28484. You could also send a mail or message on the website’s chat, which will be replied in just a day.

Eligibility Criteria for Unsecured Loans India

You are eligible for an Education Loan from Qbera if:

Required Documents for Unsecured Loans:

Unsecured Loan Interest Rates:

On par with the current market rates, the APR charged by Qbera is between 14-24%.

Differences between Secured & Unsecured Loans

When you are in need of money and need to take out a loan to meet the need of the hour, one decision that you will have to make is whether to go for an unsecured loan or a secured loan. Here is a short explanation about the difference between the two and what you should expect from them:

A secured loan will need you to put up a collateral, that is something valuable of your, such as your house or your car. The lender will be able to take possession of the collateral if you default on your EMIs as agreed. Good examples of secured loan are car loan and home loan.

Unsecured Loans do not need you to put up any collateral. The lender lends you money based on trust. How does a lender decide if you are a trustworthy applicant? They will take a decision based on your previous borrowing habits. If you have handled your financials well before, lenders will assume that you are a trustworthy candidate. That means that your credit score must be adequate. In case of unsecured loan, the lender cannot take away your valuables even if you default on your payments. Good examples of unsecured loan are student loans, credit cards and personal loans. We at Qbera offer unsecured loans at some of the best rates in the country.


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.7,50,000. APR ranges from 14% to 24%. Loan lengths range from 12 to 48 months. Administration fee ranges from 2% to 4%.

* Subject to Risk Profile

E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 89719 28484
1st Floor, Wolfpack Workspaces,
#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

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