Comments
Private sector lender HDFC Bank has launched a 30-minute ‘Xpress Car Loans’, which is an end-to-end digital new car loan journey for existing customers as well as non-customers.
“The bank has integrated its lending application with automobile dealers across the country,” it said in a statement on Monday. It expects about 20 per cent to 30 per cent of customers to avail of the facility for loans up to ₹20 lakh.
Arvind Kapil, Country Head, Retail Assets, HDFC Bank said the facility will be available across all the bank’s branches, dealerships, and eventually on third-party aggregator platforms.
“While the automotive ecosystem has evolved, there is still a significant opportunity to unlock value for customers (particularly in semi-urban and rural India) by transforming the customer experience,” he said.
The facility is at present being offered for four-wheeler and will be gradually rolled out to two-wheeler loans.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.