HDFC Bank Ltd.

HDFC Bank, the second-largest private sector bank in India, has introduced an auto loan that is disbursed in just 30 minutes using biometric technology. The 30 minute auto loan is available for HDFC Bank customers, as well as others. With this technology-enabled solution, loans for two-wheelers can also be approved within 15 minutes.

With these schemes, any person willing to avail a loan can walk into an auto dealership or any other touch points of the bank and provide the Aadhaar card number and fingerprint.  The 30-minute auto loan and 15-minute two-wheeler loan is the latest initiative in HDFC Bank's digital banking offering christened Go Digital. Earlier, the bank had launched a loan product to disburse personal loans in 10 seconds.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its over 28.9 million customers. As of December 31, 2014, the Bank had a distribution network with 3,659 branches and 11,633 ATMs in 2,287 cities/towns. The bank offers all services under one roof right from savings account, current account, demat account, auto loans and agriculture loans.