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Urgent Personal Loan

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Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

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


View a complete list of our FAQs at our help center
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.
  • You must be a Salaried Employee
  • Age: 23-55 years old
  • Net Monthly Income must be more than Rs. 20,000.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai or Hyderabad.
  • 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)
Pradeep

Pradeep

"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."

Shekhar

Shekhar

"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...

Syed

Syed

"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."

Anish

Anish

"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"

Arun

Arun

"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"

Bhaskar

Bhaskar

"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"

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QBERA

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.25,00,000. 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:
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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 89719 28484
Address:
1st Floor, Wolfpack Workspaces,
#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

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