HDFC Bank, India’s leading private sector bank, will launch tomorrow its new edition of ‘Mega Auto Loan Mela’ in Uttar Pradesh to promote Xpress car loan.
More than 500 regional branches across UP will participate in the mega drive.
HDFC Bank’s ‘Xpress Car Loan’, a state-of-the-art digital API platform enables car loan disbursement process in 30 minutes.
It has evolved into India’s single-largest digital loan platform for origination and disbursement. HDFC Bank has partnered with leading auto dealerships for the purpose.
The car dealers will display latest models and allow customers to take the test drive. The Bank would offer on-the-spot loan sanctions to eligible customers with limited paper-work.
The ‘Mega Auto Loan Mela’ aims to increase the visibility and accessibility of auto loans in the targeted regions.
Muskaan Singh, Branch Banking Head – UP & Uttarakhand, HDFC Bank said, “The initiative aims to bring seamless banking services and financing options in proximity.”