Unsecured Personal Loan
Unsecured Personal Loans Online
Unsecured personal loans are loans that aren't involved with any form of collateral. Qbera offers unsecured personal loans to salaried individuals at flexible tenures. If you are looking to apply for an unsecured personal loan in India, an unsecured loan from Qbera can be the most fitting option suitable to your needs.
Unsecured Personal Loans with Qbera - Why choose Qbera for your unsecured loan?
If you're thinking of applying for an unsecured personal loan, here are some reasons why you should choose Qbera for your personal loan needs:
Unsecured Personal Loans for individuals with low credit
Qbera offers unsecured personal loans for individuals with low credit. In order to become eligible for an unsecured personal loan with Qbera, you should have a minimum credit score of 600.
Unsecured Loans for low-income individuals
Most traditional lending institutions require you to have a minimum income of Rs. 30,000 to be eligible for an unsecured personal loan. Qbera, on the other hand, requires you to have a minimum income of just Rs. 20,000 per month to become eligible for an unsecured personal loan.
Unsecured Personal Loans for employees of unlisted companies
Even if your employer is not a listed company, it doesn't matter. While traditional lenders reject applications of individuals working in unlisted companies, Qbera offers unsecured personal loans to individuals of unlisted companies as well.
Unsecured Loans for individuals living in shared accommodations
Even if you are living in a shared accommodation, Qbera can offer you an unsecured personal loan, much unlike private banks that don't entertain applications from individuals living in shared accommodations.
- 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
- EMI of ₹7091 per month
- Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
- 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%)
- 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.
Documents Required after Digital Approval
- 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)
"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 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"
Following a Supreme Court Order dated 13th March, 2018, Insurance regulator IRDAI extended the deadline for linking the 12-digit unique identity number with various insurance policies.
A day after SBI hiked deposit rates across maturities, the largest lender of India also raised MCLR by up to 25 basis points. MCLR is now at 8.15 percent which was earlier at 7.95 percent. This signals a possible increase in the EMIs of all types of loans – starting from personal loans to home, auto and other loans. ICICI Bank and Punjab National Bank (PNB) also hiked their MCLR by 15 bps. PNB home loans will now be at 8.6% and for women it will be 8.55%.