Leading InsuTech RenewBuy forays into auto loan business with the launch of RB Wheelz, the dedicated auto financing vertical of the insurance aggregator. RenewBuy has disbursed INR 100 crore in auto loans during the fourth quarter of FY25, marking its successful entry into vehicle financing. The InsurTech leader now aims for 15X growth, targeting INR 1,500 crore in auto loan disbursements and 10,000 new customers in Financial Year 2026.
“We are seeing a clear shift in aspirations for vehicle ownership, especially beyond the metros, along with a rising preference for auto loans. In Tier II and III cities alone, over 75% of consumers are opting for vehicle financing; this is a high-potential segment which we want to cater to, by making auto loans more accessible, seamless, and digitally driven,” says Indraneel Chatterjee, Co-Founder of RenewBuy.
RenewBuy’s digital platform has been upgraded with dedicated loan features, supported by partnerships with 18 leading banks and NBFCs such as SBI, Axis Bank, . Customers can now access new vehicle financing, balance transfers, top-up loans, and insurance solutions
seamlessly under one roof. This integrated approach ensures a smooth transition from loan approval to insurance purchase, enhancing customer experience while maintaining competitive rates and terms.