Bengaluru – In a move that’s less “form-filling” and more “fast-lane,” Jana Small Finance Bank (Jana SFB) and Hotfoot Technology Solutions have launched a cutting-edge Used Car Loan Origination System, powered by Hotfoot’s flagship Rapid.ai LOS Platform. This marks a decisive gear-shift in Jana SFB’s digital transformation journey, offering customers a smooth, end-to-end digital experience for pre-owned vehicle financing.
The newly deployed system brings everyone—customers, dealers, and back-end teams—onto one unified digital highway. Manual dependencies are kicked to the curb, while processing and disbursement timelines are now more like a hot lap than a Sunday drive. Hotfoot’s proprietary “WiseEngine” Business Rule Engine and 50 ecosystem integrations inject automation and intelligent decisioning at every checkpoint, ensuring transparency, compliance, and trust across the loan lifecycle.
The bank can now breeze through valuation, documentation, collateral creation, and post-disbursement processes with minimal pit stops. Impressively, this digital speed machine went live in just 12 weeks, proving that both Jana SFB and Hotfoot know how to build and ship at pace—no speed governors attached.
“The launch of this platform is a key step in Jana SFB’s vision to expand affordable credit access for families and small businesses, enabling smart mobility choices responsibly and compliantly,” said Ashish Saxena, Chief Information and Digital Officer at Jana Small Finance Bank. “With Hotfoot Technologies as our partner, we have enabled both straight-through and assisted journeys, making the solution future-ready and adaptable to evolving customer needs.”
Adding to the momentum, Vivek Naidu, Founder & CEO of Hotfoot Technologies, remarked,
“The used car financing market is growing rapidly, and digital-first journeys are critical to meeting customer expectations. This partnership is not just about speed and efficiency; it sets new benchmarks in transparency, compliance, and customer trust. It’s technology driving financial services forward—efficient, agile, inclusive, and ready for the future.”
With this collaboration, applying for a used car loan might just become the smoothest part of buying a car—right after that first joyride.
