HDFC Bank offers instant online auto loans


To stimulate automobile demand, HDFC Bank is offering ZipDrive instant auto loans to customers across 1,000 cities across India.  ZipDrive is the bank’s instant auto loan disbursal product, exclusively for customers with pre-approved offer. The offering is now being extended to tier 2 and 3 cities. , such as Bhimavaram, Hardoi, Thalassery, and Balasore among other places, across India.

According to the bank, ZipDrive auto loans can be availed as fast as within 10 seconds. Bank customers wishing to avail an auto loan need not visit a branch or any other physical touch points. This solution gives the customer with a pre-approved loan offer the freedom to avail an auto loan from the safe confines of their homes, through Netbanking or via assistance with the  phone banking team.

“Digital platforms will play an increasingly important role as India opens up further, post the lockdown. We are glad to bring ZipDrive instant auto loans to our customers,” said Arvind Kapil, country head, retail lending, HDFC Bank. He said that, the auto loan  is contactless and at attractive price and terms. “We are able to connect with customers at their home and fulfil their requirements, all at a click of a button,” said Kapil.