VEHICLE · 2W · 4W · CV · v7.5

Dealer, RC, NOC
all in one system.

Finpage's Vehicle Loans module handles two-wheeler, four-wheeler, and commercial vehicle financing with dealer onboarding, margin money, RC hypothecation, and the full NOC lifecycle built in.

2W · 4W · CV · Used Dealer-onboarded RTO hypothecation NOC workflow
LOAN · VH-94821 DISBURSED
MARUTI SWIFT VXI · 2024 HP ✓ RTO
EX-SHOWROOM
₹7.85 L
FINANCED
₹6.60 L
TENURE
60 months
MARGIN MONEY
16 %
Modern Motors · Nehru Place
Dealer · ID DMO-0041
ONBOARDED
Product variants

Three segments.
One module.

Each vehicle category has its own policy structure, ticket band, and risk profile. Finpage handles all three under a unified configuration rather than separate systems.

Two-wheeler

Scooter and motorcycle financing via dealer partnerships. High volume, small ticket, strong margin money discipline.

TICKET₹30K – ₹2.5L
LTVUp to 90%
TENURE12 – 48 mo

Four-wheeler

New and used car loans — private and commercial use. Dealer-sourced, salaried and self-employed bands, CSC / used-vehicle inspection add-ons.

TICKET₹1.5L – ₹40L
LTVUp to 85%
TENURE12 – 84 mo

Commercial vehicle

LCV, MCV, HCV, tractors — with fleet-operator underwriting, route-revenue assessment, and multi-vehicle exposure tracking per borrower.

TICKET₹3L – ₹1.5Cr
LTVUp to 80%
TENURE12 – 72 mo
Capabilities

Built for how vehicle lending actually works.

Vehicle loans are a three-sided business: you, the borrower, and the dealer. Finpage is designed for all three relationships — not just the borrower.

Dealer onboarding

Full KYC of showrooms, DSAs, and sub-brokers. Commission structures per variant, subvention tracking, and payout reconciliation — everything the dealer network manager needs.

Invoice-linked disbursement

Pro-forma invoice captured upfront, margin money receipt on file, direct-to-dealer payout triggered only after verification. No standalone disbursements.

RC & hypothecation

Post-disbursement RC collection workflow with RTO state mapping, HP endorsement tracking, smartcard receipt verification, and vehicle registration number linkage.

Insurance tracking

First-year package insurance on disbursement, renewal reminders, policy refresh capture, and claim-linked write-off management. Uninsured = flagged automatically.

Repossession workflow

Legal-notice issuance, yard intake capture, auction pricing, sale-proceeds adjustment. Everything a fleet repossession ops team requires, tied back to the loan.

NOC lifecycle

On loan closure, NOC generation, RTO endorsement for HP cancellation, customer communication, and registry update — automated end-to-end in a single workflow.

Used-vehicle valuation

For used vehicle financing — integration with third-party valuation providers, inspection report workflow, condition grading, and depreciated-value LTV computation.

Subvention handling

OEM subvention, dealer subvention, low-rate promo schemes with sunset dates, finance charge rebate tracking — with clean accounting segregation per scheme.

Multi-vehicle exposure

For fleet operators with 10+ CVs under the same borrower entity — consolidated exposure tracking, cross-collateralisation, borrower-level NPA classification.

Workflow

Six stages, dealer-aware.

The vehicle loan lifecycle runs parallel tracks — the customer's journey and the dealer's. Finpage synchronises both.

01 · ENQUIRY

Dealer lead

Captured by dealer or DSA, submitted to Finpage with borrower + vehicle details.

02 · UNDERWRITING

Credit & BRE

Bureau pulls, income verification, vehicle category risk scoring, margin validation.

03 · SANCTION

Approval

Sanction letter, offer acceptance, margin money collected at dealership.

04 · DISBURSE

To dealer

Invoice-locked payment to dealer, NACH active, welcome pack triggered.

05 · RC & HP

Registration

RC collected, HP endorsement verified, vehicle number updated to loan record.

06 · SERVICING

Lifecycle

EMI collection, insurance renewal, NOC on closure, portfolio monitoring.

Why it matters

Built to move at dealer speed.

In vehicle finance, the customer is at the showroom with money in hand. If your sanction takes longer than lunch, they've walked to the competitor. Finpage is tuned for that reality.

01

In-showroom sanction

From dealer-submitted enquiry to sanction letter in the customer's hand in 18 minutes median for 2W and 47 minutes for 4W — with the full BRE and bureau pull stack running underneath.

02

Dealer portal included

Your dealer partners log into a dedicated portal — submit applications, track sanctions, view subvention payouts, download MIS reports. No WhatsApp chains, no lost applications.

03

NOC in 48 hours

On loan closure, NOC letter generated automatically, RTO endorsement for HP cancellation initiated, customer notified. No "come back next week" emails to borrowers.

04

Subvention accounting

OEM promos, dealer schemes, festive offers — every rupee of subvention is tracked per scheme, per vintage, with clean reconciliation at period-end. No accounting fires in year-end close.

Compliance & regulation

Vehicle loans sit under RBI NBFC-MFI and NBFC-AFC frameworks. Finpage keeps the module aligned with current guidance without you chasing it.

RBI Master Directions – NBFC
ALIGNED
RTO integration (state mapping)
READY
IRAC & SMA classification
AUTOMATED
Fair Practices Code forms
TEMPLATED
Repossession notice workflow
BUILT-IN
Digital NOC issuance
48 HRS
In the numbers

What customers see.

MEDIAN 2W SANCTION
18min
From dealer enquiry submission to sanction issue.
DEALER ACTIVATION
<3days
Onboarding a new dealer from agreement to first disbursement.
RC COLLECTION RATE
98.4%
Hard copies received within 45-day policy window.
NOC TURNAROUND
48hrs
From final settlement to NOC issued and HP removed.

Sanction at the showroom.
Service for the life of the loan.

30-minute walkthrough. We'll wire up a live dealer flow, push a sanction through the BRE, and show the dealer portal exactly as your partners will see it.