Social distancing has already altered consumer lifestyles and demand patterns. And ZipDrive will help bank customers to get an auto loan without paying any visit to a branch or any other physical touch points.
This development is going to provide customers with pre-approved loan offers using the bank’s proprietary algorithm and analytics. Customers will be able to select a car model, dealer, loan amount within eligible limits and tenure online and could also opt for on-road funding as much as 100% of the value and it’s going to be the country’s fastest online auto loan disbursement offering.
Arvind Kapil, Country Head – Retail Lending, HDFC Bank, said, “We believe ZipDrive Instant Auto Loans offers a convenient and contactless form of availing auto loans from the Bank at attractive price and terms. We are therefore able to connect with customers at their home and fulfil their requirements, all at a click of a button, on a device of their choice.”
