qbera: Qbera partners with Fullerton India to provide loans to underserved segments

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BENGALURU: Digital lending platform Qbera has partnered with non-bank finance company Fullerton India to process retail loans for them. The Bengaluru-based startup said that with the help of Fullerton, Qbera can expand its reach to all of India and reach underserved consumer segments.

Qbera, through this partnership, will assess the risk and creditworthiness of borrowers and offer loans through Fullerton. Qbera processes all loan applications online through its automated system which cuts the time required for loan approval to a few hours at most.

“The synergistic nature of this partnership – with the expertise and geographic presence of the Fullerton India team, and Qbera’s digital lending technology – will allow us to provide rapid loans to an unprecedented range of borrowers, as well. than to gain a substantial advantage over other players through our ability to extend higher credit in a much shorter time, ”said Aditya Kumar, founder of Qbera.

Qbera offers personal loans to salaried people employed in small businesses, which are not supported by traditional lenders. The platform caters to the needs of consumers with monthly income starting at Rs 18,000, residents of shared housing and employees of over 7 lakh organizations.

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