Tag Archives: Qbera Bank Personal Loan

Qbera Personal Loan – Interest Rates EMI Calculator May 2019

(Updated on 08.05.2019) Qbera Personal Loan EMI Calculator May 2019 – Get Quick & Easy Approval on Personal Loan from Qbera. Know your Personal Loan ✓ Interest Rates ✓ Eligibility ✓ EMI ✓ ROI ✓ Loan Amount ✓ EMI Calculator ✓ Processing Fee & much more. 

Qbera Personal Loan Easy & Instant Approval Online 

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

QBERA Focuses on Salaried Persons for Providing Personal Loan Features & Benefits are Mentioned Below.

  • For acquiring loan, The borrower should be 23 years of age or above.
  • The loan process offered by Qbera is a hassle – free process which ranges from a minimum of ₹ 50,000 to ₹ 7,50,000.
  • APR (Annual Percentage Rate) ranges from 11.99% to 24%.
  • Tenure period range from 12 to 48 Months.
  • Administration fees is 2% to 4%.
  • No paper work is required which makes it easier on the customer’s part.
  • Once the loan is approved, Qbera transfer the money straight into the bank account.

Qbera Personal Loan EMI Calculator

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount


For Example, Suppose a person wants to avail a loan amount of ₹ 2,00,000/- @ 15% p.a for a tenure of 48 months. 

Monthly EMI – ₹ 5566.15/- 

Total Amount with Interest  – ₹ 2,67,175.2/-

Total Interest Amount  – ₹ 67,175.2/-

Likewise, Here is the Interest & Principal Component on a monthly basis for 1 year.

Month Principal Outstanding Interest Component Principal Component EMI Amount
1 200000 2500 3066 5566
2 196934 2462 3104 5566
3 193829 2423 3143 5566
4 190686 2384 3183 5566
5 187504 2344 3222 5566
6 184281 2304 3263 5566
7 181019 2263 3303 5566
8 177715 2221 3345 5566
9 174370 2180 3387 5566
10 170984 2137 3429 5566
11 167555 2094 3472 5566
12 164083 2051 3515 5566

 

Documents required for Qbera Personal Loan are :-

PAN Card & Aadhaar card is a must to have during the process. Latest PDF Bank Statement of the salary account & Form 26AS is required if it is unable to verify your employment using the official mail ID.

Additionally,

  • If you have taken a loan or a credit card in the past then you must have :-
  • Net take home salary of ₹20,000 per month
  • No defaults in the last 2 years
  • Have a CIBIL score of at least 625.

Current Residential Proof – Passport, Valid driving license, Voters ID, Aadhaar Card, Registered rental agreement, 2 month utility bill (Any One).

If you have never taken a loan or credit card in the past then you must have :-

  • Take home salary of ₹30,000 per month
  • No cheque bounces in the last six months

Current Residential Proof – Passport, Valid driving license, Voters ID, Aadhaar Card, Registered rental agreement, 2 month utility bill (Any One).