HDFC Bank extends instant auto loan to Tier 2, 3 Indian cities

It will be available to clients with pre-approved offers.

Indian lender HDFC Bank is offering its auto loan disbursal product ZipDrive Instant Auto Loans to customers in 1,000 cities across the country, according to an announcement

ZipDrive will be available exclusively for clients with pre-approved offers and is now being extended to Tier 2 and 3 cities such as Bhimavaram, Hardoi, Thalassery, and Balasore. Customers wishing to avail a loan can do so through Netbanking or an assistance by HDFC’s phone banking team.

Clients can select their car model, dealer, and loan amount online within the eligible limits and tenure. They can also opt for on-road funding for as much as 100% of the value. Customers will need to submit a few post-disbursal documents, such as the regional transport office (RTO) registration, set to the bank.