Urgent Personal Loan

Qbera offers salaried individuals with urgent personal loans at interest rates that start at 11.99% p.a. and go up to 24% p.a. An urgent personal loan from Qbera is easily your best bet if you want immediate funds to tackle any sort of financial emergency. But remember, you must be salaried and meet Qbera's basic eligibility parameters in order to qualify for an urgent personal loan from Qbera. 

What exactly are urgent personal loans?

As the name suggests, urgent personal loans are unsecured loans that do not require any form of collateral to be submitted or pledged to the lending institution, and technically have a turnaround time of 24-48 hours. When you apply for a personal loan (or an urgent loan) with Qbera, you can list your loan reason as - emergency. Qbera's urgent loans have minimum turnaround times, minimal paperwork, and extremely easy-to-meet eligibility criteria. 

How can I qualify for an urgent personal loan from Qbera?

As mentioned in the previous paragraph, Qbera has lenient eligibility parameters that are very easy to meet. Speaking of which, the eligibility parameters quoted by Qbera are way easier to meet than most lenders that operate in the market today. A prominent reason for this is that Qbera is a Fintech lender and does not adopt stringent eligibility parameters adopted by private banks. 

Here are the basic eligibility parameters for urgent personal loans from Qbera:

Credit score

In order to get a personal loan from Qbera, your credit score should be at least 575. If you approach a top private bank for a personal loan, you should have a minimum credit score of at least 750 in order to become eligible.   

The income criteria

The minimum net monthly income to become eligible for an unsecured personal loan from Qbera is Rs. 20,000 per month. Again, if you approach a top private bank for an unsecured personal loan, you should have a minimum credit score of at least Rs. 30,000-40,000 per month. 

Employment stability

You must be employed for a minimum period of 3 months, with a minimum work experience of at least 1 year if you are to become eligible for an urgent personal loan from Qbera. Bank statements can be submitted online through a secure web channel using your internet banking credentials. 

Documents required for urgent personal loans from Qbera

• Aadhaar Card
• PAN Card
• Proof of address
• Salary and income documents
• Photographs