Used Car Loan

A car of your own would increase the quality of your life exponentially, right? No more haggling with auto drivers first thing in the morning, no hoping that the Uber Pool will not have anyone to share the drive, making it that much longer to get home after a long day at work. Your own car would mean that you don’t have to depend on anyone while trying to get from point A to B. It would also make you look that much cooler among your friends and responsible among the elders. Finally, having your own car is a huge step in life. After all the time and effort you have put in at work, you deserve a little self-pampering right? The only problem is that purchasing a car is no small buy. The total cost can come up to quite an amount, especially if you go for a brand new car. Many experts suggest that buying a second hand car is a wiser investment because cars depreciate so quickly, and the depreciation is steepest in the first few years. That means that if you buy a second hand car, you will be missing out on this steep depreciation. In addition, second hand cars are much cheaper than first hand cars. That means that you won’t be burning a huge hole in your pocket to have your own car. With Qbera’s personal loan, your dream of owning your very own car is not only within reaches, but very simple as well.

Used Car Loan Eligibility Criteria

You 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 Loan

Getting a used car loan via Qbera is as easy as buying a t-shirt; it’s a simple five step process:
  1. Log on to Qbera.com and fill in the application form (which takes just about 5 minutes)
  2. Upload your bank statement on the website
  3. Get an offer from Qbera within 4 hours
  4. A representative from us will come to you, at your convenience and collect the required documents.
  5. Once approved, the amount will be transferred to your account in less than 24 hours


Features & Benefits of Used Car Loan

No collateral

A loan from Qbera does not require you to put up any valuables as collateral.

Quick and painless

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.

Up to 100% financing:

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.

Flexible repayment tenure:

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.

One-day processing

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.

Complete transparency:

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.

Unmatched support:

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.

Absolute confidentiality:

We value your privacy and will not be sharing your confidential details with any third party.

Credit History:

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

What is the processing fee that Qbera charges on second hand car loans?

The processing fee will depend on the amount that you borrow and is a mere 2-3%.

How can I get in touch with Qbera?

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.

How much interest will be charged for a used car loan?

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.

How much time do I have to make the repayment?

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.

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.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

E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 89719 28484
Address:
1st Floor, Wolfpack Workspaces,
#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

© 2016 Qbera | All Rights Reserved