Qbera launches operations in Bengaluru

Fintech start-up offering quick and hassle-free personal loans Qbera has launched its operations in Bengaluru.

The digital platform allows consumers to avail loans and provides instant approval to borrowers, committing loan disbursal within 24 hours.

Qbera has entered the unsecured personal loan market in association with RBL Bank.

Launched with the primary objective of addressing the hugely underserved segment as well as growing market-need for quick and convenient delivery of personal finance services, Qbera uses proprietary risk-management models to assess the creditworthiness of applicants, including those who are new-to-credit.

"With this partnership with RBL Bank, we intend to include segments which have been excluded from unsecured lending by a majority of the existing players, while providing all our customers a transparent and seamless experience," said founder and CEO Qbera, Aditya Kumar.

"We are very enthusiastic about the response we have received so far, and plan to launch our operations across the country to serve prospective borrowers through our unique platform," added Aditya Kumar.

"Retail banking in India is going through a rapid transformation due to the

sharp thrust on financial inclusivity and digital technology. This has resulted in a dynamic change in consumer behaviour which is creating exciting opportunities across the banking spectrum. RBL Bank is delighted to be a part of this dramatic shift and is introducing disruptive innovations with the potential to drive scale and increase customer value. In this context, our strategic collaboration with Qbera will enable us to offer a range of specialized banking services, including personal loans, to underserved consumers," said Business Head - Retail and Small Business Lending Credit Cards and Financial Inclusion RBL Bank, Harjeet Toor.