- The bank has linked its lending application with all automobile dealers across the country to facilitate this scheme for end-users.
- This car loan scheme provides loans faster, and more convenient, for car buyers through a digital medium.
- In fact, it creates a win-win situation for both banks and the automobile industry since it boosts the purchase process and car sales across India.
- This Xpress car loan scheme will simplify the car purchase process, especially for those people who are willing to buy but don’t want to indulge at all paper works.
- It provides a hassle-free experience in car sales across the country, including in the semi-urban and rural areas.
- It is estimated that the Indian automotive industry will become the third-largest in the world in the next 5 to 7 years with 35 million new vehicle units per year of sales.
- The intensity of vehicles will also increase by over 350 million in 4-wheelers and over 250 million 2-wheelers, in about a decade.
- Currently, this loan scheme facility is only available for four-wheelers, and they were planning to include two-wheeler loans also in near future.
- Static Part
- HDFC Bank Ltd MD & CEO: Sashidhar Jagdishan
- Establishment: 1994
- Headquarters: Mumbai, Maharashtra
- Tagline: We Understand Your World.
Question:
Q.1 Which Bank Has recently released 30 min Xpress car loan?
a. ICICI Bank
b. HDFC Bank
c. SBI Bank
d. Indusland Bank
a. ICICI Bank
b. HDFC Bank
c. SBI Bank
d. Indusland Bank
