HDFC Bank to offer contactless, instant auto loans in 1,000 cities – Times of IndiaJuly 2, 2020
MUMBAI: HDFC Bank has launched pre-accredited instant auto loans to its clients throughout 1,000 cities. HDFC Bank’s on-line auto mortgage providing. ZipDrive, is a know-how-enabled mortgage product the place credit score evaluation is completed by banking software program slightly than workers and mortgage launched in seconds.
The financial institution is positioning this mortgage as a contactless providing the place the shopper doesn’t have to go to any department or any contact level protecting the current atmosphere in thoughts. Customers can get their loans disbursed from wherever, anytime, via Netbanking or by scanning QR code or via telephone banking. The mortgage is sanctioned utilizing the financial institution’s proprietary algorithm and analytics.
Customers can choose automotive mannequin, supplier, mortgage quantity inside eligible limits and tenure on-line. They may go for On-road funding as a lot as 100% of the worth. Post on-line submission of functions, the mortgage will get disbursed immediately. Post disbursement, clients want to submit few publish-disbursal paperwork, such because the RTO set to the financial institution and take the supply of car.