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Used Car Loan in Pune

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 Pune

Buying a new car in Pune can be a costly affair. But not a second-hand car! A used car costs lesser and nowadays has a warranty as well. Isn’t that a great deal? The ambiguity involved in buying a used car is too high that sometimes why we defer buying it. Apply for a used car loan in Pune. Qbera is a leading online marketplace that provides attractive features on personal loans.

What is a Second-hand Car Loan?

It is a personal loan specially designed for people who want to buy second-hand cars. You can borrow instant funds to pay for a second-hand car and pay for it through EMIs at a fixed rate of interest. If you are living on a budget and plan to save more, then a second-hand car is the best solution. Though there are numerous lenders for a second-hand car loan in Pune, Qbera offers competitive interest rates and loan disbursal in 24 hours. You must know that a used car offers value for money and slow rate of depreciation. Qbera provides used car loans to salaried individuals earning a minimum monthly income of RS. 20,000.

Benefits of a Used Car Loan in Pune

  1. Budget Friendly 

  2. Though the used car may not be as brilliant as a brand new model, it is the best asset that will add value to your money. It is affordable and you will pay less EMIs compared to a new one. Eventually, you don’t need to borrow a large amount.

  3. Hassle-free 

  4. The long procedures involved in a new car loan can be avoided. Used car loans are now available online. No need to make frequent visits to the branch office for loan approval.

  5. Low interest rate 

  6. The interest rate offered by Qbera is less and ranges between 14 – 24%. You can get a better deal if you have a very good credit score.

Things to check before buying a Used Car

Here’s a quick guide that will help you make a convinced decision of buying a used car.

  1. Check the papers
    Check the insurance papers of the second hand car. It will let you know about the previous accidents and damages. Check whether the registration papers of the car match with the vehicle engine number. Also check the original owner of the car with the details mentioned in registration papers.

  2. How old is it actually?
    A middle-aged car (3-5 years old) is a good buy. Used cars which are flogged above 18000 km a year are risky. Check condition of all the 4 tyres. They should be equally worn out.

  3. Internal parts
    The most crucial parts – the engine, the brakes, spark plugs etc. These need to be checked with a test drive. If you are not an expert, take your own mechanic along. Also don’t forget to pay him for the internal checks and under-body damages you can’t do.    

  4. Check the model
    Do good research over the used car model. Look for its resale values in the market. Veritable sellers will always provide a vehicle history report. Also don’t forget to read the consumer reviews about your car model. You’ll learn genuine feedback.

  5. Negotiate
    This is one of the attractive benefits that a used car carries along. If you know exactly how much you should pay for the used car, you can negotiate well with a better price. But don’t forget it should be a ‘win-win’ for both. Or you might lose a great deal.

Eligibility Criteria for Second-hand Car Loans in Pune

To be eligible for a personal loan with Qbera you must be:

  1. In the age group of 23 to 57 years.

  2. Working for a private limited company or a public organization.

  3. Have a net monthly income of Rs. 20,000.

  4. Not a defaulter in the last 24 months.

Used Car Loan Interest Rate & Other charges

The interest rates charged by Qbera are on par with the current market rates. Their interest rate ranges between 11.99% - 24%. The processing fee charged is 2-4%. Other charges such as prepayment charges, part-payments, late payment charges are based on RBL norms.

How to Apply for a Second-Hand Car Loan with Qbera?

  1. Use EMI calculator at Qbera.com to find out your EMI.

  2. Check your eligibility using the eligibility tool at Qbera.com. It hardly takes few minutes.

  3. Fill the online application form. And upload the necessary bank statements.

  4. Wait for a quote which will be with you within few hours of application.

  5. Make sure you keep all the documents ready. Because a customer representative will be at your doorstep to collect them.

  6. If your loan gets approved, the loan amount will be disbursed within 24 hours.

1. What is the tenure of a personal loan from Qbera?

The loan tenure at Qbera is a flexible one and it ranges from 1 to 5 years (12 to 60 months).

2. What is an EMI?

It is the fixed amount that a borrower pays to the lender on a particular date every month. An EMI includes the principal and interest charged on a loan.

3. What is the minimum and maximum loan amount that I can get from Qbera?

The loan amount ranges between Rs. 25,000 to Rs. 10 Lacs.

4. What is unique about Qbera?

Our technology and lending partnership allow us to offer a world-class experience to our borrowers:

  • Paperless application
  • Instant lending decision
  • Digital verification of income, employment and residence
  • Disbursement of loan within 24-48 hours

Our CIBIL score cut-off is 625 and we can give loans to employees of more than 9 lac companies in India. Now you don’t have to get rejected by banks just because they have not analyzed and categorized your employer.

5. What should be my age to apply for a loan with Qbera?

You must be at least 23 years old to apply for a loan.

6. What should be my minimum salary to get a loan?

Your net monthly income must be Rs. 20,000 or more.

7. What should be my CIBIL score cut-off for a personal loan?

Our CIBIL score cut-off is 625 (V2 score).

8. What is the rate of interest charged on a personal loan?

Rate of interest depends on a borrower’s income, CIBIL score, employer, age etc. Qbera collects information from your application form and various other data sources to create a personalized loan offer for you. Our interest rates start at 11.99%.

9. What is the eligibility criteria to get a loan from Qbera?

To get a loan from Qbera, a borrower should meet the following eligibility criteria:

  • Must be a salaried employee.
  • Age must be between 23-55 years.
  • Net monthly income must be Rs. 20,000 or more.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai or Hyderabad.

10. How do I apply for a loan online?

To apply for a loan online, click here. For queries, please Whatsapp us on +91 89719 28484.

11. What are the documents required to get a loan from Qbera?

The following documents would be required after your loan is digitally approved:

  • Aadhar 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 Aadhar card)
  • Passport size photo

12. What is the processing fee charged on a personal loan by Qbera?

The processing fee ranges between 2% - 4%.

13. How can I repay my loan?

Qbera provides easy repayment of its smart loans through automatic debit of EMIs via NACH mandate.

14. Why was my loan application rejected at Qbera?

Although we have one of the best approval rates in the industry, we may have to reject some applications if they do not meet our basic qualification criteria. You can re-apply after 3 months in case you think that your credit profile has improved.

15. Can I re-apply for a loan?

Qbera requires you to wait for at least 3 months before re-applying for a personal loan.

16. How much time does Qbera take to process a loan application?

It will not take more than 10 minutes to fill up your online application form. Our technology allows us to disburse the approved loan amount within 24-48 hours.

17. Is part/prepayment allowed on my personal loan?

We do not allow part-payments. However, you can prepay your loan after completing 1 year of repayment. (Foreclosure charges: 5% + GST applicable).

18. Do I need to submit any collateral to get a personal loan from Qbera?

All personal loans offered by Qbera are unsecured. Hence, you need not submit any assets or property to secure a loan.

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?
Apply Now


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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?
Contact our support team via WhatsApp by clicking below:

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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