Axis Bank Ltd.

Axis Bank, India’s third largest private Bank, has launched -- Insta Car Loans -- an auto finance facility that approves instant car loans at various car dealerships and at Axis Bank branches. Axis Bank has developed this feature in association with BankBazaar.com.

The bank’s Insta Car Loan facility offers customers instant in-principle approvals for Car Loans, based on credit checks in real time at designated car dealerships or at Axis Bank branches. The feature also provides car dealerships instant approvals for their customers without any additional investment in manpower or software as the facility can be accessed with just an internet connection.

Initially, the bank is offering Insta Car Loan facility across 50 dealerships in Mumbai, Delhi NCR, Pune, Ahmedabad, Kolkata, Hyderabad, Chennai and Bangalore. The Bank is further planning to expand Insta Car Loan facility to nearly 200 dealerships across 30 cities.

Recently, in view to give its customer the personal feel during banking, the bank came out with new range of debit card ‘MyDesign Card’. This card allows the customer to incorporate a personal image of his/her choice on the debit card.