Mahindra & Mahindra Financial Services has launched an end-to-end digital journey named ‘Used Car Digi Loans’ in association with Car&Bike (by Mahindra First Choice Wheels) and Rupyy (by Cardekho).
The integrated system will seamlessly initiate the loan application procedure with Mahindra Finance, thus making the process quick and convenient for the customer.
A press release from the financial institution noted that ‘Used car Digi loans’ has the capability of disbursing loans within a few hours with the help of specialised underwriting & processing teams equipped with 15 state-of-the-art fintech tools.
The partners will have real-time visibility of the application status and sanctioned loan offer, allowing them to delight their customers with swift vehicle delivery, it added.
Ramesh Iyer, Vice Chairman and Managing Director, Mahindra Finance, noted that partnership with Car&Bike and Rupyy will enable the company to leverage market strengths to create a digitally empowered platform.
Ashutosh Pandey, MD and CEO, Mahindra First Choice Wheels, said, “The new digitised journey will ensure an agile turnaround time thus enabling us to serve our customers better and further benefit our network partners.”
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