Prøve GULL - Gratis
Cars24 to drive into personal loan space
Mint Chennai
|February 21, 2025
Used cars marketplace Cars24, which has been offering financing options to customers purchasing cars from its platform, is evolving into a comprehensive lending platform, a top executive of the company told Mint.
The company will now offer car and personal loans to buyers beyond its platform, and will also help customers track and improve their credit scores through its newly launched platform, Loans24.
"Car buying is not a beautiful process in India, which we've been trying to solve for the last few years," said Ruchit Agarwal, co-founder and chief financial officer at Cars24.
"If someone is buying a car through our platform, we bundled the loan along with it. We also innovated a few things. For example, in 2023, we launched 100% loan to value, which means you could buy a ₹5 lakh car for a ₹5 lakh loan; you don't have to pay anything. But it was all limited to the cars that people are buying from our platform," Agarwal explained.
Denne historien er fra February 21, 2025-utgaven av Mint Chennai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Chennai
Mint Chennai
Resilience spells hope as uncertainty reigns high
As trade-policy turmoil prolongs global uncertainty on an IMF index, we have some bright spots too. India should consider shifting focus from supply-side policies to demand stirrers
2 mins
November 17, 2025
Mint Chennai
In India’s car labs, Chinese models set new benchmark
nology officer (CTO) at Tata Motors Passenger Vehicles Ltd, said, “Automotive technology is unfolding rapidly in China with a strong focus on consumer-centric design and user experience.”
2 mins
November 17, 2025
Mint Chennai
'Chandrayaan-4 by '28, output to triple'
Indian Space Research Organisation is preparing for a busy phase with seven more launches this financial year, even as India's first human spaceflight is slated for 2027, chairman V. Narayanan said.
1 min
November 17, 2025
Mint Chennai
Yamaha eyeing 25% growth in exports
Japanese two-wheeler major Yamaha expects exports from India to grow 25% this year and is making its Chennai factory an export hub for global markets, especially advanced countries like the US, Europe and Japan, according to a top company official.
1 min
November 17, 2025
Mint Chennai
How popularity can shape your work life
Likeability at work can shape how colleagues respond to you, granting an unspoken advantage, but it also comes with a set of drawbacks
5 mins
November 17, 2025
Mint Chennai
Satellite internet firms may see fee cut for remote areas
Discount would apply to 5% annual spectrum charge that DoT plans to levy on the firms
2 mins
November 17, 2025
Mint Chennai
Force eyes global mkts, defence to fuel growth
Force Motors, known for its shared mobility solutions, is preparing to expand its presence in global markets and the defence segment, having consolidated its position in India by focusing on areas that drive profitable growth, managing director Prasan Firodia said.
1 min
November 17, 2025
Mint Chennai
India plans HR reset to unlock mobility gains in FTAs
The government is planning to upgrade human resource (HR) standards in India's services sector, including how skills are certified and employeesare trained, tobringthe country'sHR practices closer to global norms, and make its professionals internationally competitive.
1 min
November 17, 2025
Mint Chennai
Britain to overhaul its asylum policy
Britain said on Saturday it would launch the largest overhaul of policy on asylum seekers in modern times, drawing inspiration from Denmark's approach, one of the toughest in Europe and widely criticized by rights groups.
1 min
November 17, 2025
Mint Chennai
Why retail investors should tread the IPO market with extra caution
Chasing quick gains in IPOs can backfire if investors don’t do their due diligence to understand business risks
4 mins
November 17, 2025
Listen
Translate
Change font size