Indian online used vehicle marketplace Droom has partnered with Bangalore-based lender Qbera to offer "affordable, efficient and paperless" car and motorbike loans. Qbera follows a risk-based approval procedure and offers you instant loans at the same rate in the shortest span of time, which is 24 hours,” said Aditya Kumar, Founder and CEO of Qbera. The company said it will provide loans for vehicles that are not registered in India or have been sold abroad but which meet the criteria of a new category called 'green vehicles' under India's National Motor Buyers will be able to get approval for loan applications within 24 hours, while interest rates will be the same as those of traditional financial institutions.
Indian online used vehicle marketplace Droom has partnered with Bangalore-based lender Qbera to offer "affordable, efficient and paperless" car and motorbike loans. The company said it will provide loans for vehicles that are not registered in India or have been sold abroad but which meet the criteria of a new category called 'green vehicles' under India's National Motor Buyers will be able to get approval for loan applications within 24 hours, while interest rates will be the same as those of traditional financial institutions.