Instant Vehicle Loan Qorus-Infosys Finacle Banking Innovation Awards 2025

Instant Vehicle Loan – A Seamless Digital Financing Experience In today’s automotive market, particularly among dealerships selling new vehicles, there is a growing demand for fast, digital financial solutions that can be completed before the customer leaves the showroom. Statistics indicate that approximately 90% of loans for new vehicle purchases are now disbursed through partnered dealerships, with these channels accounting for 65% of total loan disbursements. Our innovative "Instant Vehicle Loan" product addresses this need by offering a fully digital, end-to-end financing solution through İşCep, our mobile banking application. Given the regulatory requirement to verify a legitimate vehicle sale and to place a lien on the financed vehicle, ensuring a seamless and secure digital process is critical. The journey begins when the customer receives the invoice for their ordered vehicle from the dealership. They then initiate the loan application via İşCep by selecting the dealership, vehicle brand, and model, and entering the chassis number. Once the necessary sales validations are completed by our Bank’s operations center, the loan amount is directly transferred to the dealership’s account. Throughout the entire process, customers are not required to visit a branch. Moreover, İşCep provides access to a variety of loan campaigns, including options such as prepaid interest and deferred payment plans—features traditionally available only at branches. With Instant Vehicle Loan, customers enjoy a frictionless financing experience that matches the quality and reliability of in-branch service, all while continuing their daily routines uninterrupted.