Partners with RBL Bank to issue personal loans worth ₹150 crore across top 13 markets by December 2017
Bengaluru, March 22:
Fintech lending start-up Qbera, which offers personal loans to salaried professionals who earn a net of at least ₹20,000 a month, has launched its operations in Bengaluru.
The start-up has partnered with RBL Bank to disburse ₹150 crore worth of personal loans, without collaterals, to the under-served segment of salaried professionals across the top 13 markets in India by the year end.
The start-up, which has raised half-a-million dollars of seed funding from six angel investors, plans to expand operations to Chennai, Hyderabad, Mumbai, and Delhi-NCR by April, and reach a total of 10 cities by December. Qbera founder and CEO Aditya Kumar said: “With our partnership with RBL Bank, we intend to include segments, which have been excluded from unsecured lending by a majority of the existing players.”
Kumar said the current team of 26 employees will double over the next 12 months.
(This article was published on March 22, 2017)
Please enter your email. Thank You.
Newsletter has been successfully subscribed.