HDFC Bank to offer contactless, instant auto loans in 1,000 cities – Times of India: MUMBAI: HDFC Financial institution has launched pre-approved immediate auto loans to its prospects throughout 1,000 cities. HDFC Financial institution’s on-line auto mortgage providing. ZipDrive, is a technology-enabled mortgage product the place credit score evaluation is finished by banking software program somewhat than staff and mortgage launched in seconds.
HDFC Bank to offer contactless, instant auto loans in 1,000 cities – Times of India
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 holding the current setting in thoughts. Prospects can get their loans disbursed from anyplace, anytime, by way of Netbanking or by scanning QR code or by way of cellphone banking. The mortgage is sanctioned utilizing the financial institution’s proprietary algorithm and analytics.
Prospects can choose automotive mannequin, supplier, mortgage quantity inside eligible limits and tenure on-line. They’ll additionally go for On-road funding as a lot as 100% of the worth. Submit on-line submission of functions, the mortgage will get disbursed immediately. Submit disbursement, prospects must submit few post-disbursal paperwork, such because the RTO set to the financial institution and take the supply of auto.