top of page
Search

HDFC Bank ‘Xpress Car Loans’

  • Writer: YashJ
    YashJ
  • Apr 29, 2022
  • 1 min read

The country's largest private bank, dubbed 'Xpress Auto Loans,' is offering speedy car loans using a digital interface, which it claims is an industry first and likely among the first such offerings globally. After a home loan, the second most expensive item for which a consumer borrows money is a car loan.


HDFC Bank appears to have hopped on the speedy delivery bandwagon just days after announcing its merger with HDFC. At a time when multiple companies are making news for their 10-minute delivery, India's largest private sector bank is planning to offer a car loan in just 30 minutes!

After a home loan, a car loan is the second most expensive item for which a consumer borrows money, and HDFC Bank is betting on the figure, offering end-to-end car loans to customers in 30 minutes via an online platform.


Car Loans Xpress


The country's largest private bank, dubbed 'Xpress Auto Loans,' is offering speedy car loans using a digital interface, which it claims is an industry first and likely among the first such offerings globally.


At the moment, the average time it takes a potential car buyer to acquire a car loan is roughly 48-72 hours.


HDFC Bank intends to hand out Rs 10,000-15,000 crore in vehicle loans through its online rapid lending service in FY23 without having a physical presence. In addition, the bank intends to do the same with two-wheeler loans.


Through Xpress Car Loans, we hope to pull in at least 20-30% of our existing clients and non-account holders.

Comentarios

Connect with us

  • Instagram
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube

Incubated at MNIT Innovation and Incubation Centre

ww1.png
ww30.png

We are recognized by DPIIT as a startup.

Startup-India-creates-5-5-lakh-jobs-and-recognises-50000-startups-in-5-years.png
857-8570158_make-in-india-programme-make-in-india-logo.png

Disclaimer

The contents of this document are meant merely for information purposes. The information contained herein is subject to updation, completion, revision, verification and amendment and the same may change materially. The information provided herein is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would (by reason of that person‘s nationality, residence or otherwise) be contrary to law or regulation or would subject Myrupaya.in or its owners/affiliates to any licensing or registration requirements. This document is not an offer, invitation or solicitation of any kind to buy or sell any security and is not intended to create any rights or obligations. Nothing in this document is intended to constitute legal, tax, securities or investment advice, or opinion regarding the appropriateness of any investment, or a solicitation for any product or service. Please obtain professional legal, tax and other investment advice before making any investment. Any investment decisions that may be made by you shall be at your sole discretion, independent analysis and at your own evaluation of the risks involved. The use of any information set out in this document is entirely at the recipient's own risk. The information set out in this document has been prepared by us based upon projections which have been determined in good faith by Myrupaya.in its administrators and from sources deemed reliable. There can be no assurance that such projections will prove to be accurate. Myrupaya.in does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out in this document. The information set out in this document has been prepared based upon projections which have been determined in good faith and sources considered reliable by Myrupaya.in. In preparing this document we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us or which was otherwise reviewed by us. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited.

bottom of page