Hyderabad, April 29 -- Leading Insurtech RenewBuy on Tuesday announced its foray into the auto loan segment with RB Wheelz.
RB Wheelz will serve as the dedicated brand for RenewBuy's auto loan offerings, the company said in a release here.
The company has upgraded its cutting-edge digital insurance platform- creating an integrated unified ecosystem, where consumers can access both new vehicle financing, balance transfer, top-up loans and insurance solutions seamlessly under one roof.
With mandatory scrapping of diesel cars over 10 years and petrol cars over 15 years, and with growing consumer preferences towards vehicle ownership, the auto loan market is growing at a compound annual growth rate (CAGR) of 15-16 percent.
With RB Wheelz, R...