wordpress blog stats
Connect with us

Hi, what are you looking for?

CarDekho partners with Hero Fincorp for used car loans

Girnarsoft's auto website CarDekho has partnered with non-banking financial company (NBFC) Hero FinCorp to offer financing options for used car buyers. CarDekho had launched a loan platform for used cars last year and at the time it had tied up with lenders such as HDFC Bank, Axis Bank, Tata Capital and Mahindra Finance. Hero Fincorp will use the company's loan management platform, to provide loan processing service to potential borrowers on CarDekho's online platform and its dealer network. Both the companies will work closely to deploy technology and big data to make the used car financing experience more convenient. In addition, Hero FinCorp will use CarDekho Trustmark report to assess the valuation of used cars to allow faster processing of used car loan applications. Expansion into insurance Meanwhile, earlier this year, CarDekho’s parent Girnarsoft received a licence from the Insurance Regulatory and Development Authority (IRDA) to launch an auto insurance vertical. The vertical named as ‘Girnar Insurance Brokers’ will provide insurance buying, locate cashless services garages, settle claims and offer documentation to car owners. Girnar Insurance Brokers will be launching an app that will understand the risk profile of a user and advise them on buying a policy. HDFC Bank investment In 2015, HDFC Bank invested in CarDekho and the bank had said that their partnership will allow CarDekho’s users to buy a new or used car with possible financing from the lender. At the time, the car portal expected digital to have a 25% share in auto loan financing in the next 4 years…

Please subscribe/login to read the full story.
Written By

Free Reads

News

TRAI first introduced the idea of displaying the caller's name in a consultation paper back in 2022.

News

As per reports, the Unmanned Aerial Vehicles (UAVs) will be enabled with 5G capability and will be built to function in extreme temperatures and...

News

One of the X posts on Krutrim that blew up was about the AI model claiming that it was created by OpenAI as opposed...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

News

RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ