New Delhi, Feb. 20 -- 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 loans 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, cofounder and CFO 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 10...