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Used Car Loan in Chennai

Qbera Second Hand Car Loan.
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. 

WHY GO FOR A PRE-OWNED CAR LOAN?

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


BENEFITS OF FINANCING YOUR PRE-OWNED CAR WITH QBERA:


HOW TO APPLY FOR A USED CAR LOAN IN CHENNAI VIA QBERA:

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

Documents Required for Used Car Loan:

USED CAR LOAN ELIGIBILITY CRITERIA:




FAQS ON USED CAR LOAN:

  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
  • 4 Cheques from your Salary Account
  • Current Address Proof
  • Permanent Address Proof (in case the permanent address is different from the address on Aadhaar card)
Pradeep

Pradeep

"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."

Shekhar

Shekhar

"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...

Syed

Syed

"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."

Anish

Anish

"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"

Arun

Arun

"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"

Bhaskar

Bhaskar

"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?
Select your employment type to proceed.
Self-Employed
Salaried

QBERA

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?
Contact our support team via WhatsApp by clicking below:
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E-mail: [email protected]
Phone: 1800 4198 121
Whatsapp:+91 95135 55475
Address:
2nd Floor, Featherlite Vista Building,
MV Jayaram Road,
1st Main, Vasanth Nagar.
Bangalore 560 052

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