HDFC Bank is extending its digital auto loans product, which delivers credit in less than 10 seconds, to 1,000 cities across the country. The declaration comes at a time when the recent data from auto industry has suggested a surge in sales in non-metro areas, which are less impacted by the COVID-19 infections. The product is available for bank customers with a pre-approved offer, and the bank claimed that it is the fastest online auto loan offering. Digital platforms will play an increasingly important role as India opens up further, post the lockdown.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
