Tata Capital has released an initiative for instant digital onboarding for its commercial vehicle customers to provide them with quick financing solutions. The initiative designed for SME customers ensures wide choice while buying new commercial vehicles.
All relevant customer fleet information is fetched seamlessly using the Vahan APIs, making it easier for the customers. Underwriting is also done using a scorecard and with minimum documentation. The customer is given a sanction letter within a few minutes.
Abonty Banerjee, Chief Operating Officer- Digital & Marketing, Tata Capital, said that this digital product will allow SME customers of commercial vehicles to easily meet their funding needs quickly and seamlessly. This aligns with the brand’s strategy of constantly providing innovative digital products and making the customer journey frictionless and simple.
Tata Capital’s offerings include Consumer Finance, Advisory Services, Commercial Finance, Infrastructure Finance, Microfinance, Project Finance, debt syndication, Investment Banking, Private Equity Advisory and Credit Cards.
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