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Used Car Loan in Chennai

Qbera Second Hand Car Loan.
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Choose your employment status to find the Qbera Loan that’s best for you!
I am Salaried (I currently work for a Private Ltd, Public Ltd, Govt., LLP)
I am Salaried (I currently work for a Proprietorship, Partnership Firm)
I am Self Employed (I have my own business)
I am Currently Not Employed
Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Used Car Loan in Chennai

Purchasing a car is a big financial commitment. There is no doubt that most people need to save up for a long time or take out a loan (and then fumble around to pay the bank back) in order to finance their very own car. The recent spike in GST has only added the burden on the average citizen in Chennai on the hunt for an affordable car. That’s one reason that more people are open to the option of second-hand cars, particularly if it is their first car. 

Once you have decided that it is time for you to pull up and socks and purchase a car of your own, the first thing you must do is research your options. The options are huge and you could be overwhelmed. Your research should include the type of car that is best for your needs, what must be avoided, which dealer is best, etc. Additionally, it would be great if you can talk to friends who are experts in this particular field and have purchased used cars before. 


Here are some of the reasons that you should go for a second-hand car instead of a first-hand one:

  • Skip the steepest depreciation
    Many people would argue that purchasing a car is not a great investment. That is because cars depreciate in value very quickly. The steepest depreciation happens in the first two years. So if you go for a second hand car, you will be skipping this and letting someone else take the hit.
  • Cost Effective
    The huge difference in price has to be the most obvious reason that people choose used cars. Even if you have a modest budget, there is a good chance that you can get a better model car if you go for a second hand rather than a first-hand. What’s more, in the little budget that you have, you can also get added bonuses like a sunroof, which would not be possible with a new car.
  • Reliability
    Unlike what it was a few decades ago, second hand cars nowadays are built to last. As long as they are maintained well and handled with care, they should last a very long time. Manufacturers now offer longer warranty periods because of the high quality standards they uphold.
  • Certification available
    Once you find a well reputed, certified dealership, the rest should be much easier. That’s because a certified dealership will thoroughly inspect the cars and mend any issues it may have, both mechanical and cosmetic. The certification will also check off any major accident that the car may have had. In Chennai there are numerous reliable dealerships that you can check out before narrowing down on one. Make sure you keep your eyes and ears open because you never know when a sweet deal for a car will turn up.
  • Practice makes perfect
    Instead of heading out with a brand new car when you are a new driver, it makes more sense to practice your skills on a second hand car instead until you become an expert at driving.
  • Easy financing
    Getting a loan approved, particularly from Qbera, for a pre-owned car is easier than ever before. The Down-payment and EMI would in fact be cheaper for a used car than for a new car. Now what’s your excuse? Go ahead and park your very own car in that garage.


  • No collateral
    The second hand car loan that you can avail from us is a type of personal loan which means that it is unsecured and thus you do not need to put up your car as collateral. This will save you time, money and effort when you finish the repayment.
  • Up to 100% financing
    You can fund the complete expense of your new car with Qbera; even the down payment.
  • One day approval
    No waiting. Application, approval and disbursement of your funding can be done in just a day!
  • Interest Rate
    The APR charged by Qbera is between 14-24%, which is on par with the current market rates.
  • Fees and other charges
    We offer some of the most competitive rates when it comes to fees and other charges for second hand loans. The processing fee is a mere 2-3% (this will be based on the amount borrowed). Other charges like prepayment charges, late payment fees, ECS/cheque bounce charges and special service request charges are as per the RBL norms.
  • Complete support
    Taking a personal loan from Qbera means that we are committing to support you the way you deserve. We are available anytime between 10AM – 6PM IST on weekdays and 10AM to 1PM on weekends, for any queries that you may have while making your decision and long after. The Qbera staff can be reached via whatsapp at +91 89719 28484, by chat on the website or you can email us.


Getting a second hand car loan via Qbera in Chennai is as easy as buying a dosa. It’s a simple five step process:

  • Simply log on to Qbera.com and fill in the loan application form (which takes just about 5 minutes)
  • Upload your bank statement on the website.
  • Receive an offer from us within 4 hours
  • A representative will come to you, at your convenience, to collect the documents
  • The amount will be transferred to your account in less than 24 hours

Documents Required for Used Car Loan:

  • Bank Statement
  • One photograph
  • 3 cancelled cheque leaves
  • Income proof
  • Aadhar card
  • Pan card
  • Address proof


  • Should be employed with a minimum salary of Rs. 20,000
  • Should have a minimum credit score of 625
  • Applicants must be between the ages of 23 and 55


  1. What are the documents that I will need?
    We will check whether you are employed and just a few other details. These are the documents you will need to keep ready while applying.
    • Bank Statement
    • One photograph
    • 3 cancelled cheque leaves
    • Income proof
    • Aadhar card
    • Pan card
    • Address proof
  2. How can I reach the Qbera staff if I have any doubts?
    We can easily be reached on the phone anytime between 10AM – 6PM IST on weekdays and 10AM to 1PM on weekends. The whatsapp number is +91 89719 28484. You could also chat on the website or you can email us. If you leave a message, one of us will definitely respond to you within 24 hours.
  3. What is the loan amount that I can take?
    You can avail between ₹25,000 and Rs. 10 lakhs as a Used Car loan.
  4. What is the processing fee that will be charged?
    The processing fee is a mere 2-3% (this will be based on the amount borrowed).

Interest Rate & Other Charges

Interest Rate
11.99% to 35.99%
Processing Fee
1% to 5% of total loan amount
Loan Amount
₹1,00,000 to ₹15,00,000
Loan Tenure
12 to 60 months
Getting a Qbera Smart Loan is Simple
Fill out our online application form
Step 1: Online Application Form
Get approved instantly
Fill out our online application form by answering a few questions about yourself, your employment, your education, expenses and needs. This process would take no longer than 10 minutes.
Connect your Bank Account
Step 2: Connect bank account
Submit your bank statements
Connect securely to your bank via netbanking and submit bank statements as part of the easy loan application form. Alternatively, you can upload bank generated pdf bank statements.
Select your loan term
Step 3: Loan term
Choose your Loan Term
Using our proprietary Credit Scoring Algorithm we determine your loan eligibility in real-time. Our algorithm uses the information about you, to determine your future potential and help you get the best rate instantly.
You’re done! Get the money in your Bank Account as early as tomorrow.
Example: A loan offer of ₹2 lac, for a tenure of 3 years at an interest Rate of 16.6% (on a reducing principal) and a processing fee of 2.5%. Translates to:
  1. Processing Fee deduction of ₹5000 (2.5% of 2 Lacs) from loan amount, thus, the amount credited to your account will be ₹1.95 Lacs
  2. EMI of ₹7091 per month
  3. Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
  4. Total Interest paid in 3 years = ₹55,276, hence, annual interest paid = ₹18,425 (which translates to an effective flat annual rate of interest of 9.21%)
Repaying a Qbera Smart Loan is just as Simple
Repay your loan with automatic EMI payments.
  • Age: 21-57 years old
  • Net Monthly Income must be more than Rs. 18,000.
  • No defaults in the last 24 months.
  • Aadhaar Card
  • PAN Card
  • Current Address Proof


"I am really happy that I got a loan from Qbera. My application has been rejected by lenders in the past without giving any explanation for rejection. Qbera approved my loan with minimum documents. Thanks a lot once again."



"I would like to thank Qbera for speedy loan processing. I was having a tough time in deciding which bank would actually take my request for a loan as the loan was supposed to be for credit card payoff. I was forced to use my credit card for an unforeseen expense which I could not avoid and was finding it tough to pay back due to the high interest cost on credit cards. I did not want to make many enquiries as many requests can lower the CIBIL score. I contacted Qbera on a Monday and by evening itself they had an offer for me. They kept me informed through every step of the process and were also flexible with regards to my commitments. In the end, the loan was disbursed within two days of documents submission. Thank you Qbera for simplifying the process and helping me find a loan. " Show more...



"It was a nice experience with Qbera. I have never seen such an easy process for getting a loan, especially when you need it the most. Thank you Qbera for your support."



"I had a hassle-free experience with Qbera. It was a very easy application procedure and in a short span of 3 days I got my loan credited to my account. Thank you so much for the support Team Qbera"



"It was very easy to get a loan from Qbera. I just applied on their website and got a confirmed offer immediately. The amount was transferred soon after. Will give it 5 out of 5"



"It's good and quick response from the Qbera team to get the loan. They are very good at the communicating the things properly and appropriately"

Are you ready to get your Qbera Smart Loan?
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We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.1,00,000 to Rs.15,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

* Subject to Risk Profile

Need Help?
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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 72080 56906
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MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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