Indian online used vehicle marketplace Droom has partnered with Bangalore - based lender Qbera to offer " affordable , efficient and secure " car and motorbike loans . Droom hopes the move will help customers overcome what Qbera CEO Aditya Kumar calls sector 's " high interest rates , heavy paperwork and unaffordable loan terms " . 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. Droom hopes the move will help customers overcome what Qbera CEO Aditya Kumar called sector's "high rejection rates, heavy paperwork and unaffordable credit terms". 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.