MMFSL to offer digital loans for buying used cars

3 Mar 2023 , 10:30 AM

Mahindra & Mahindra Financial Services Limited, (MMFSL), part of the Mahindra Group, and one of India’s leading Non-Banking Finance Company, today launched a specialized end-to-end digital journey named ‘Used Car Digi Loans’. 

This offering has been launched in collaboration with the leading brands in the used car industry, Car&Bike (by Mahindra First Choice Wheels) and Rupyy (by Cardekho).

Customers will be able to receive customized loan offers from Mahindra Finance as a result of this new integrated journey, allowing them to make faster purchasing decisions.

The integrated system will be able to start the loan application process with Mahindra Finance seamlessly, making the process quick and easy for the customer.

“Innovative product offerings have always been a top priority for Mahindra Finance,” said Ramesh Iyer, the Vice Chairman and Managing Director. “This latest venture is a continuation of our commitment. Through our partnership with Car&Bike and Rupyy, we can harness market strengths and create a platform that is digitally empowered.”

‘Used car Digi loans’ can successfully disburse loans within a few hours thanks to specialized underwriting and processing teams equipped with 15 cutting-edge fintech tools. Partners will have real-time visibility into the status of their applications and sanctioned loan offers, allowing them to delight their customers with prompt vehicle delivery.

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