Used Car Loan Eligibility CriteriaYou are eligible for a Second Hand Car Loan from Qbera if:
Documents required for Second Hand Car Loan
Used Car Loan Interest Rate
How to Apply for a Used Car LoanGetting a used car loan via Qbera is as easy as buying a t-shirt; it’s a simple five step process:
Features & Benefits of Used Car Loan
A loan from Qbera does not require you to put up any valuables as collateral.
We take pride in the fact that our processing involves minimal paperwork, has flexible terms and is super quick so that you can be behind the wheel of your car with minimal effort.
The price of second hand cars can vary depending on the model, age and condition of the car. You can avail a personal loan from us starting from INR 50,000 and up to INR 7.5 lacs, so that your ideal model of car can be your very own.
We know that as a customer, your repayment capacity varies. That is why we offer flexibility when it comes to repayment tenures. You can choose between 1 to 3 years to make the repayment. You can choose to complete your repayment by paying off in large sums over a short period of time or in small amounts over a longer period of time. If you think paying off in smaller amounts over a long period will be easier on your monthly expense, you will find that in the end you have paid more as you have to pay interest over a longer period. After the first year of availing the loan, you can choose to pay back the amount in full in one shot without being charged a prepayment fee.
Once the online application has been filled up, the due documents been submitted and are approved by us, you will receive the amount in your account in just a day.
Before you avail the loan, you will be briefed on all (if any) fines, fees and rates that you may be liable to so that you won’t be unpleasantly surprised by any hidden charges.
We offer complete support from the moment that you decide to take a used car loan from us to the moment that you complete your repayment. We are available anytime between 10AM and 6PM IST on weekdays and between 10AM to 1PM on weekends. Our staff can be reached via whatsapp at +91 89719 28484, by chat on the website or you can email us. If you leave a message, a staff member will get back to you in just a day.
We value your privacy and will not be sharing your confidential details with any third party.
We make sure that your credit history is enhanced by sending regular reports to various credit bureaus.
FAQs on Second Hand Car | Used Car Loans
The processing fee will depend on the amount that you borrow and is a mere 2-3%.
You can reach the Qbera staff anytime between 10AM and 6PM IST on weekdays and between 10AM to 1PM on weekends. Our staff can be reached via whatsapp at +91 89719 28484, by chat on the website or you can email us. If you leave a message, a staff member will get back to you in just a day.
The interest rate that we charge ranges from 14 to 24%. The exact amount depends on certain factors such as your ability to pay back, history of past repayments, work experience, credit score, profession and age.
You can make the complete repayment between 1 to 3 years. You could either pay off in large sums over a short period of time or in small amounts over a longer period of time. You can also pay off in one large sum after a year of repayment, without paying any prepayment fee.
We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.
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%.
* Subject to Risk Profile