Fintech platform Qbera on Thursday announced the launch of its operations in Hyderabad and Pune as part of the next phase of its regional expansion plans.
Since its launch in February, Qbera has received 50,000+ personal loan applications and disbursed over Rs. 10 crore worth of loans through its partner, RBL Bank.
Moreover, Qbera’s cutting-edge processing and underwriting mechanism ensure a short loan approval time and disbursal in as little as 24 hours.
Key Basics of Qbera Personal Loan
- Loan amount = Rs. 50,000 to Rs. 7.5 lakh,
- Interest Rates = 14 % to 24 %
- Repayment Period = 12 to 48 months.
Qbera facilitates easy access to funds for salaried individuals through a simple and convenient application process for unsecured loans, providing instant approval and loan disbursals.
More than 6,50,000 of these employers are not listed with banks, rendering their employees practically ineligible for personal loans from traditional banks and NBFCs.
In its next phase of regional expansion, Qbera plans to launch its operations in more Indian cities including Kolkata, Cochin, Ahmedabad, Jaipur, Coimbatore, and Indore by December 2017.