This giant private bank brought express car loan, car loan will be approved in 30 minutes

Car Loan: If you are thinking of buying a dream car by taking a car loan, then the country’s largest private company has come up with a great offer for you. HDFC Bank has come up with the Express Car Loans scheme, in which the car loan will be approved within just 30 minutes.

HDFC Bank will provide car loan within 30 minutes of application through online platform. This is the first of its kind offer by any bank. At present, it takes 48 to 72 hours for car loan finance approval.

HDFC Bank’s Express Car Loan service will help the bank to grow its car loan business. It is believed that through this new service, the bank will be able to give a car loan of Rs 10,000 to 15,000 crore. At present HDFC Bank is giving car loan in 30 minutes but in the coming time it is planning to give two wheeler loan also.

Arvind Kapil, Country Head, Retail Assets, HDFC Bank said this could redefine the way car loans are taken, especially in semi-urban and rural India. He said that this can prove to be a game changer.

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