HDFC Bank, the country’s second largest private sector lender came up with a luring announcement on Monday. Well, HDFC Bank has launched 30-min auto and 15-min 2-wheeler loan schemes. As per these schemes, the customers have to provide only their biometric details to avail the loans.
Regarding this, the Bank revealed in the press release that the 30 minute auto loan is available for the customers of HDFC Bank and others as well. The solution is technology enabled and the two-wheeler loans will be approved within just 15 minutes.
Any person who wants to get a loan for a two-wheeler will have to go to the auto dealership or any other touch points of HDFC Bank. The person has to present their Aadhaar card number and fingerprint, stated the bank’s press release.
The eligible candidates will be selected based on their profile and the loan will be approved with minimum documentation. All these will be done within the stipulated record time, stated the press release.
Regarding this new loan scheme, Ashok Khanna, the Senior Executive Vice President, Business Head of Vehicle Loans stated that the customers’ convenience is the core of this digital banking initiative that the HDFC Bank has taken. He further claimed that the 30 minute auto loan will be the next level in meeting and addressing the financing needs of the customers.
The newly launched 30 minute auto loan and 15 minute two-wheeler loan schemes are the most recent additions to the digital banking offering called Go Digital initiated by HDFC Bank.
Right now, the stock price of HDFC Bank is at Rs 1,067.45 that has increased by 0.99 percent or Rs 10.50. The entity achieved a high 52-week share of Rs 1105.00 and a low 52-week share of Rs 792.00.
