Qbera partners with Fullerton India to extend loans to underserved segments
The Bengaluru based startup said that with the help of Fullerton Qbera can expand its scope of operations pan India and reach out to underserved consumer segments.
Qbera, through this partnership will assess risk and credit worthiness of the borrowers and will offer loans through Fullerton. Qbera processes all loan applications online through its automated system that brings the time taken to approve loans down to a couple of hours, at most.
“The synergistic nature of this association – with Fullerton India’s team’s expertise and geographical presence, and Qbera’s digital lending technology – will enable us to provide quick loans to an unprecedented range of borrowers, as well as gain substantial edge over other players through our ability to extend higher credit in a much shorter time,” said Aditya Kumar, founder, Qbera.
Qbera offers personal loans to salaried individuals employed with small companies, which are not catered to by traditional lenders. The platform addresses the needs of consumers with monthly income from Rs 18000 onwards, shared accommodation dwellers, and employees of over 7 lakh organizations.