IndusInd Bank partners with Rupyy to offer paperless loans for used-cars

By Leandra Monteiro

IndusInd Bank announced a strategic partnership with Rupyy – a new-age digital lending platform offering 100% paperless loan processing. Rupyy is a FinTech arm of the Jaipur based, Girnarsoft Pvt Ltd (which houses brands like CarDekho, BikeDekho, Zigwheels, Powerdrift etc).

This partnership will enable the users of ‘Rupyy’ to avail simplified documentation and instant processing of vehicle loans from the Bank. The Bank’s customers can now opt for flexible repayment options while transacting on ‘Rupyy’, making the process completely seamless and convenient for customers.

Announcing the MoU, A.G. Sriram, Head – Consumer Finance Division, IndusInd Bank said, “We are delighted to partner with Rupyy to provide the whole gamut of used-car loan offers. As a customer-first Bank, we are excited to increase our digital footprint and reach out to potential customers on their preferred online channels. We believe this partnership will add an extra layer of convenience for customers in order to on-board a seamless auto loan journey. At IndusInd Bank, it is our constant endeavour to bring forth path-breaking propositions to ensure a delightful banking experience for customers.”

T.A. Rajagoppalan, Executive Vice President, IndusInd Bank added, “At IndusInd Bank, it has been our constant attempt to bring forth innovative propositions that can accelerate the shift to a digital economy. With our decades of expertise in the vehicle finance segment combined with Rupyy’s new-age digital experience, we are sure that this marks the beginning of an exciting phase in our relationship with the Rupyy as well as a wonderful digital-first experience for our customers.”

The Bank will also leverage Rupyy’s digital assets and offer schemes that will further incentivise customers.