HDFC Bank will offer instant auto loans in Tier 1, 2 cities
HDFC Bank has announced that it will offer ZipDrive instant auto loans to customers in 1,000 cities across India. ZipDrive is HDFC Bank’s instant auto loan disbursement product for customers with a pre-approved offer. The product will now be available in Tier 2 and Tier 3 cities across India. Auto loans can be used within 10 seconds, HDFC Bank said in a statement. “Efforts to curb the spread of COVID-19 have changed consumer lifestyles and demand patterns as continued social distancing is necessary. With the ZipDrive offering, customers of the bank wishing to obtain a car loan do not need to go to a branch or any other physical point of contact, ”the bank said.
This solution allows customers with a pre-approved loan offer to benefit from an auto loan via net banking or via the assistance of the bank’s phone banking team.
“Digital platforms will play an increasingly important role as India opens up further after the lockdown.” said Arvind Kapil, Country Manager – Retail Lending, HDFC Bank.
“We believe that ZipDrive Instant Auto Loans offers a convenient, contactless form of using the bank’s auto loans at attractive prices and terms. We are therefore able to connect with customers at their homes and meet their needs, all at the click of a button, on the device of their choice, ”he said.