On the website of the Qbera.com, they write as follows,

Loan amounts range from Rs.50,000 to Rs.7,50,000. APR ranges from 14% to 24%. Loan lengths range from 12 to 48 months. Administration fee ranges from 2% to 4%.

Isn’t charging 24% interest rate per annum il-legal to be charged to an Individual according to RBI Regulations and various court orders? Can someone clarify regarding the same ?

Also on their website http://help.qbera.com/about-qbera/what-is-qbera they say that
We are not a loan agent.

However at this page http://help.qbera.com/loan-application/which-bank-will-fund-my-loan
“…the decision to lend is taken by us while the loan is funded by our partners.”

That means Qbera is an Agent, Correct me if I’m mistaken in understanding this.