Unsecured Paperless Loans

What are paperless unsecured loans?

Paperless unsecured loans are a form of credit that doesn’t require physical paperwork, neither do they require any form of collateral. Paperless unsecured loans, or unsecured paperless loans, have become extremely popular in the market today, with the number of lenders offering these type of loans increasing almost exponentially. The best thing about these type of personal loans is that they are easily available, have minimal turnaround times and allow a wide class of individuals to qualify for them.

Unsecured Paperless loans from Qbera

Qbera offers unsecured paperless loans to salaried individuals who meet Qbera’s basic eligibility criteria (we’ll look at the eligibility parameters a little later). Qbera is a managed financial marketplace that offers instant personal loans, mostly to the underserved section of working professionals, who mostly find themselves becoming ineligible for personal loans owing to their employer’s status (not being listed in the bank’s database).

Note that traditional lenders require a company to be listed in order for employees of the company to qualify for personal loans. While such is the case, note that traditional lenders do not offer paperless personal loans or even instant loans for that matter – their application process involves extensive paperwork.

What’s different with paperless personal loans offered by Qbera?

Let’s look at some points that make Qbera stand out amongst lenders in the personal loans space.

• Easy eligibility – minimum income of Rs. 20,000 and a minimum credit score of 625.
• Minimal turnaround time – Applicants can expect to receive the loan in less than 72 hours after applying for it.
• Paperless unsecured loans for employees of unlisted companies – Even employees of unlisted companies are eligible for paperless instant loans from Qbera.
• Loans for individuals living in shared accommodations – Even if the applicant is residing in a shared accommodation (like a paying guest accommodation), they are eligible for a paperless loan.