A joint venture between Mahindra & Mahindra Financial Services, Car&Bike, and Rupyy called “Used Car Digi Loans” has been launched.
Through the use of an integrated system, Mahindra Finance loan applications will be processed quickly and conveniently for the customer.
According to a press release from the financial institution, “Used car Digi loans” can disburse loans in a matter of hours thanks to specialized underwriting and processing teams that are outfitted with 15 cutting-edge fintech tools.
The partners will be able to delight their customers with prompt vehicle delivery because they will have real-time visibility into the application status and sanctioned loan offer, it was added.
Ramesh Iyer, Vice Chairman and Managing Director of Mahindra Finance, noted that the company will be able to take advantage of market strengths to build a digitally empowered platform thanks to its partnership with Car&Bike and Rupyy.
The new digitized journey will ensure an agile turnaround time, enabling us to better serve our customers and further benefit our network partners, according to Ashutosh Pandey, MD and CEO of Mahindra First Choice Wheels.
