An unsecured personal loan in Pune is one that doesn’t require any sort of collateral. Get an instant online unsecured loan from Qbera and get approved within seconds. Applying for credit from Qbera comes with a host of advantages.
For unsecured loans in Pune choose, Qbera loans if you want to receive your loan amount in super-quick time. With a net monthly income of Rs 18000 and a credit score of 600 you can approach Qbera for an unsecured loan to manage any kind of financial shortfall. These loans are super quick with the use of advanced technology in all facets of loan processing. The turnaround period for an unsecured loan in Pune by Qbera is 24-48 hours of successful document verification.
The emerging metro city has many educational institutes and IT companies. The changes in the economic and social life has prompted higher dependence on loan. Qbera is in the forefront of funding any such loan requirements in Pune.
Unsecured Loans in Pune - Fee comparison between Qbera and Banks
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Parameters
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Qbera
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Banks
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Processing fee
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1% -5%
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2.25% of principal + GST
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Interest rate
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Starting at 10.99%
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Starting at 11.99%
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Credit Score required
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600 and above
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750 and above
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Loan amount
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Up to Rs 25 00 000
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Up to Rs 15 00 000
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Minimum age required
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23 years
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21 years
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Pre-closure Charges
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5% + GST
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5% + GST after a lock-in period
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Features and Benefits of unsecured loans in Pune from Qbera
Affordable Interest Rate: The interest rate applied on a Qbera personal loan starts at
10.99% and may go up to 35% depending on your credit score and other eligibility factors.
Long repayment tenure: Qbera offers repayment tenure that spans to 5 years. This means that you can choose a tenure that will ensure an affordable monthly EMI. This further helps to not disrupt your household budget.
Highly flexible loans: There is no restriction from the lender on the end use of the loan amount. You have complete freedom to spend it as per your need. You can use it to renovate your home, pay hospital bills or to plan for an exotic vacation. You can choose to consolidate your debts or buy a vehicle with it. There is absolute freedom.
Collateral-free loans: These are unsecured loans and so there is no need to pledge any asset or request any family or friend to stand as guarantor for your loan.
Completely Digital loan: Qbera is a Fintech that uses the best in technology. The lending decision is taken instantly, and the entire process is done digitally. You can apply online, upload supporting documents online and seamlessly the verification and authentication are carried out. This leads to faster processing of loan and thereby Quick loan disbursals.
How to apply for a Qbera Unsecured loan in Pune
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Login to www.qbera.com
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Fill in the personal and employment details
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Loan eligibility is communicated instantly
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Submit bank statements and other documents
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Get a personalized loan quote
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Accept the emailed loan quote
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Loan is transferred to your bank account.
View a complete list of our FAQs at our
help center
Interest Rate & Other Charges
Interest Rate
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11.99% to 35.99%
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Processing Fee
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1% to 5% of total loan amount
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Loan Amount
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₹1,00,000 to ₹15,00,000
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Loan Tenure
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12 to 60 months
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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.
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.
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.
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:
- 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%)
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