Report Wire - Mahindra & Mahindra Financial Services launches ‘Used Car Digi Loans’

Report Wire

News at Another Perspective

Mahindra & Mahindra Financial Services launches ‘Used Car Digi Loans’

1 min read
The integrated system will be able to seamlessly initiate loan application procedures with Mahindra Finance (iStockphoto)

Mahindra & Mahindra Financial Services Limited, (MMFSL), a part of the Mahindra Group, at this time launched an end-to-end digital journey ‘Used Car Digi Loans’ in affiliation with Car&Bike by Mahindra First Choice Wheels and Rupyy by Cardekho.

The built-in system will be capable to seamlessly provoke mortgage software procedures with Mahindra Finance. ‘Used car Digi loans’ can disburse loans inside few hours with the assistance of specialised underwriting and processing groups, outfitted with 15 state-of-the-art fintech instruments. Partners may have a real-time visibility of the applying standing and sanctioned mortgage supply permitting them to please their prospects with swift automobile supply.

Ramesh Iyer, vice chairman & managing director, Mahindra Finance stated, “Our partnership with Car & Bike and Rupyy will allow us to leverage on market strengths to create a digitally empowered platform. This integration will guarantee a seamless and clear journey for all stakeholders enhancing buyer delight”.

Namit Jain, CEO and co-founder Cardekho Group stated, “This collaboration will assist us to additional develop our geographical attain throughout India and facilitate our prospects and sellers with finest mortgage gives and create a digitized and hassle-free used automotive mortgage journey for all our stakeholders”.

Catch all of the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.