HDFC Bank to offer ZipDrive Instant Auto Loans across 1,000 cities

MUMBAI, July 2: HDFC Bank on Thursday announced its plans to offer ZipDrive Instant Auto Loans to customers across 1,000 cities across India.
ZipDrive is HDFC Bank’s instant auto loan disbursal product, exclusively for bank customers with pre-approved offer.
The offering is now being extended to Tier 2 and 3 cities, such as Bhimavaram in Andhra Pradesh, Hardoi in Uttar Pradesh, Thalassery in Kerala, and Balasore in Odisha among other places, across India, Bank release said ZipDrive is arguably India’s fastest online auto loan offering. With this state-of-the-art technology-enabled solution, from the market leader in the auto loans business, auto loans can be availed as fast as within 10 seconds.
Efforts to curb the spread of Covid19 have changed consumer lifestyles and demand patterns as maintaining social distancing is necessary. With ZipDrive offering, 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 by our 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 across Tier 2 and 3 towns and cities in the country,” said Mr. Arvind Kapil, Country Head ? Retail Lending, HDFC Bank. ”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.” (UNI)