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Credit Card Refinancing

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I am Self Employed (I have my own business)
I am Currently Not Employed
Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Credit Card Refinancing

What is a Credit Card Refinancing Loan?

To answer this question, let us first understand the meaning of ‘Refinancing’. ‘Refinancing’ is basically the process of clearing your debt dues using another loan. It is a smarter way of saving yourself from a huge debt if you know 2 things properly - your budget and the capability to pay back the loan. Now what is Credit Card Refinancing? Having exhausted the credit limit on your credit card and then you are over burdened with the repayment amount that never comes to an end – that is when credit card refinancing comes into picture. To make it simpler, credit card refinancing improves the condition of your pre-existing loan by simplifying the overall interest rates. Now, before you jump to saving yourself from debts by this method, let us throw some light on the benefits and risks that are involved in credit card refinancing.

Who, actually needs Credit Card Refinancing?

Young professionals these days hold multiple credit cards as they believe them to be the quick solutions to their shopping needs. It is their regular practice of swiping those plastic cards at various outlets and keep repaying on a monthly basis. Highly overwhelmed by the amazing offers availed by the credit card companies, these individuals cross the bars of credit limit and land themselves into neck-deep debt load that comes back to get them. In an attempt to pull themselves out of the debt well, they go for a credit card refinancing loan which they find as a justified alternative to improve the condition of their current loan.

Benefits of Credit Card Refinancing Loan

  1. Better interest rates 
    Taking a Personal Loan to repay a credit card debt is opted only because it offers better interest rates compared to your pre-existing loan. Otherwise, you have landed yourself into another debt trap! Better be careful.
  2. No collateral
    Credit card refinancing loan is nothing but a personal loan which does not require any collaterals to be put up against the loan amount.
  3. Boost your credit score
    You can always boost your credit score by choosing this loan over your pre-existing loan and be fairly eligible for another loan in future.
  4. Single payment
    Despite having multiple credit cards, you end up repaying only for a personal loan (or a credit card refinancing loan) instead for different credit cards.
  5. Quick escape
    The time required to pay back and complete a credit card refinancing loan would be much lesser compared to repaying different credit cards separately.

Risks involved in Credit Card Refinancing Loan

  1. Check the benefits thoroughly 
    You must apply for a credit card refinancing loan only if the new interest rates are fairly less than the ones you paid for the current credit card debts. Also check the repayment period, as it is always fixed.
  2. Compare the rates 
    Be serious enough about comparing the rates of various refinancing loan suppliers in market. Not all of them offer a lower interest rate, you might be asked to pay a higher interest rate compared to the one you are already paying. There is no point going for it if that is the case; better stick to the current loan.
  3. Calculate your repayment amount adequately 
    Depending on your net monthly income, see how you can pay off with the new interest rates. Take a look at at least 6 bills to get an idea of monthly expenses. Try to pay off the highest amount each month so as to determine the loan tenure very accurately.
  4. Prepayment penalties and fees 
    You may forget the penalty amount you need to pay for paying off the credit card dues before time. Make sure you clarify that number with your current lender and include that in the new refinancing loan amount.

Why take Credit Card Refinancing Loan from Qbera?

  1. Qbera avails instant personal loans starting from ₹25,000 to ₹10 Lakhs to salaried and self-employed individuals in a very quick and hassle-free manner.
  2. Unlike Qbera not all the lenders cover a wide variety of companies to provide loan. Best part is you don’t have to worry even if you are a start-up!
  3. Qbera sends regular reminders for the single pay out you have opted by taking a personal loan over paying off for multiple credit cards.
  4. Interest rates charged by us are always on par with the current market rates.
  5. Qbera’s documentation process is so easy making your life simple by just uploading few bank statements online and after the approval their customer care executive will be at your doorstep to collect the documents.

Qbera Loan Eligibility

You are eligible for a loan from Qbera if:

  • You are employed and earning a minimum of ₹20,000.

  • You are between 23 and 55 years.

  • Have a credit score of minimum 625.

Documents required for loan after digital approval:

  • PAN card

  • Aadhar card

  • Current Address Proof

  • Permanent Address Proof (in case the permanent address is different from the address on Aadhaar card)

  • 4 Cheques from your Salary Account

Interest Rate

  • Interest rate range from 11.99% to 24%.

  • The exact terms of the loan depend on certain factors such as your ability to pay back, history of past repayments, work experience, credit score, profession and age.

How to Apply for a Qbera Loan

Getting a loan via Qbera is as easy as buying a t-shirt; it’s a simple five step process:

  1. Log on to Qbera.com and fill in the application form (which takes just about 5 minutes)

  2. Provide your bank statement through NetBanking Connect or e-mail us your bank generated PDF bank statement of your salary account.

  3. Get an offer from Qbera within 4 hours

  4. A Qbera representative will come to you, at your convenience and collect the required documents.

  5. Once approved, the amount will be transferred to your account in less than 24 hours

Features & Benefits of a Qbera Loan

  • No collateral
    A loan from Qbera does not require you to put up any valuables as collateral.

  • Quick and painless
    We take pride in the fact that our processing involves minimal paperwork, has flexible terms and is super quick so that you can get your loan with minimal effort.

  • Flexible repayment tenure
    We know that as a customer, your repayment capacity varies. That is why we offer flexibility when it comes to repayment tenures. You can choose between 1 to 5 years to make the repayment. You can choose to complete your repayment by paying off in large sums over a short period of time or in small amounts over a longer period of time. If you think paying off in smaller amounts over a long period will be easier on your monthly expense, you will find that in the end you have paid more as you have to pay interest over a longer period. After the first year of availing the loan, you can choose to pay back the amount in full in one shot without being charged a prepayment fee.

  • One-day processing
    Once the online application has been filled up, the due documents been submitted and are approved by us, you will receive the amount in your account in just a day.

  • Complete transparency
    Before you avail the loan, you will be briefed on all (if any) fines, fees and rates that you may be liable to so that you won’t be unpleasantly surprised by any hidden charges.

  • Unmatched support
    We offer complete support from the moment that you decide to take a loan from us to the moment that you complete your repayment. We are available anytime between 9:30AM and 7PM IST on weekdays and between 10AM to 1PM on weekends. Our staff can be reached via whatsapp at +91 89719 28484, via Toll-Free number at 1800 4198 121 or e-mail at [email protected]

  • Absolute confidentiality
    We value your privacy and will not be sharing your confidential details with any third party.

  • Credit History
    We make sure that your credit history is enhanced by sending regular reports to various credit bureaus.

1. What is the tenure of a personal loan from Qbera?

The loan tenure at Qbera is a flexible one and it ranges from 1 to 5 years (12 to 60 months).

2. What is an EMI?

It is the fixed amount that a borrower pays to the lender on a particular date every month. An EMI includes the principal and interest charged on a loan.

3. What is the minimum and maximum loan amount that I can get from Qbera?

The loan amount ranges between Rs. 25,000 to Rs. 10 Lacs.

4. What is unique about Qbera?

Our technology and lending partnership allow us to offer a world-class experience to our borrowers:

  • Paperless application
  • Instant lending decision
  • Digital verification of income, employment and residence
  • Disbursement of loan within 24-48 hours

Our CIBIL score cut-off is 625 and we can give loans to employees of more than 9 lac companies in India. Now you don’t have to get rejected by banks just because they have not analyzed and categorized your employer.

5. What should be my age to apply for a loan with Qbera?

You must be at least 23 years old to apply for a loan.

6. What should be my minimum salary to get a loan?

Your net monthly income must be Rs. 20,000 or more.

7. What should be my CIBIL score cut-off for a personal loan?

Our CIBIL score cut-off is 625 (V2 score).

8. What is the rate of interest charged on a personal loan?

Rate of interest depends on a borrower’s income, CIBIL score, employer, age etc. Qbera collects information from your application form and various other data sources to create a personalized loan offer for you. Our interest rates start at 11.99%.

9. What is the eligibility criteria to get a loan from Qbera?

To get a loan from Qbera, a borrower should meet the following eligibility criteria:

  • Must be a salaried employee.
  • Age must be between 23-55 years.
  • Net monthly income must be Rs. 20,000 or more.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai or Hyderabad.

10. How do I apply for a loan online?

To apply for a loan online, click here. For queries, please Whatsapp us on +91 89719 28484.

11. What are the documents required to get a loan from Qbera?

The following documents would be required after your loan is digitally approved:

  • Aadhar 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 Aadhar card)
  • Passport size photo

12. What is the processing fee charged on a personal loan by Qbera?

The processing fee ranges between 2% - 4%.

13. How can I repay my loan?

Qbera provides easy repayment of its smart loans through automatic debit of EMIs via NACH mandate.

14. Why was my loan application rejected at Qbera?

Although we have one of the best approval rates in the industry, we may have to reject some applications if they do not meet our basic qualification criteria. You can re-apply after 3 months in case you think that your credit profile has improved.

15. Can I re-apply for a loan?

Qbera requires you to wait for at least 3 months before re-applying for a personal loan.

16. How much time does Qbera take to process a loan application?

It will not take more than 10 minutes to fill up your online application form. Our technology allows us to disburse the approved loan amount within 24-48 hours.

17. Is part/prepayment allowed on my personal loan?

We do not allow part-payments. However, you can prepay your loan after completing 1 year of repayment. (Foreclosure charges: 5% + GST applicable).

18. Do I need to submit any collateral to get a personal loan from Qbera?

All personal loans offered by Qbera are unsecured. Hence, you need not submit any assets or property to secure a loan.

Interest Rate & Other Charges

Interest Rate
11.99% to 35.99%
Processing Fee
1% to 5% of total loan amount
Loan Amount
₹1,00,000 to ₹15,00,000
Loan Tenure
12 to 60 months
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.
  • Age: 21-57 years old
  • Net Monthly Income must be more than Rs. 18,000.
  • No defaults in the last 24 months.
  • Aadhaar Card
  • PAN Card
  • Current Address Proof


"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."



"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...



"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."



"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"



"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"



"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"

Are you ready to get your Qbera Smart Loan?
Apply Now


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We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.1,00,000 to Rs.15,00,000. 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:

E-mail: [email protected]
Phone: 1800 4198 121
Whatsapp:+91 72080 56906
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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