Vehicle Loan NBFC Software Delhi — Auto Finance Solution 2026

Vehicle Loan NBFC Software Delhi — Complete Auto Finance Solution

Delhi NCR is India's largest vehicle market. Over 3 million vehicles are registered in Delhi, with hundreds of thousands of new registrations annually. Vehicle loan NBFCs in Delhi — including those serving Gurgaon's commercial vehicle fleet and Noida's two-wheeler segment — require specialised software that addresses VAHAN verification, insurance compliance, and PARIVAHAN hypothecation.

Delhi Vehicle Loan Regulatory Requirements

RC Verification via VAHAN

Every vehicle loan must verify the Registration Certificate on the Ministry of Road Transport's VAHAN portal before sanction. Loaning against a stolen, cancelled, or ownership-disputed vehicle creates immediate legal and financial exposure.

Insurance Status Check

The vehicle must have valid insurance. Lending against an uninsured vehicle voids the financial protection in the event of damage, theft, or third-party liability. IRDAI portal verification is mandatory.

Hypothecation on PARIVAHAN

The lender's hypothecation must be recorded on the PARIVAHAN portal's RC entry. Without this, in case of default and repossession, the lender has no legally enforceable security.

MICS Vehicle Loan Software Features

Loan Origination

• Digital application form optimised for mobile
• RC number input → VAHAN API auto-fetch: owner name, registration date, vehicle class, fuel type, insurance validity
• IRDAI API check for current insurance status
• Vehicle valuation: integration with market value APIs (MMT, Jato Dynamics)
• CIBIL credit score and report pull
• Sanction workflow with approval matrix

Loan Management

• EMI schedule (flat rate and reducing balance both supported)
• Payment collection: Razorpay UPI, NACH auto-debit
• Overdue tracking and automated reminders (WhatsApp, SMS)
• Field collection app for visit-based collection

Hypothecation Management

• Auto-generate PARIVAHAN hypothecation form
• Hypothecation creation tracking
• NOC generation on loan closure
• Lien removal workflow

Repossession Module

• SARFAESI Act compliance workflow
• Repossession notice generation
• Asset custody documentation
• Auction management with realisation recording

CIMS Monthly Reporting

Automated RBI CIMS submission for vehicle loan portfolio.

Branch Dashboard

Vehicle loan NBFCs often have multiple Delhi NCR branches. Consolidated portfolio view with branch-wise breakdown.

Pricing

• Single branch: Rs. 20,000/month
• Multi-branch (up to 5): Rs. 25,000/month

Free demo: +91 9355273535 | admin@mics.asia