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HDFC Bank to Offer ‘ZipDrive’, an Online Instant Auto Loans to its Customers

HDFC Bank annouced it will offer ZipDrive instant auto loans to customers in 1,000 cities across India. ZipDrive is HDFC Bank’s instant auto loan disbursal product for customers with pre-approved offer.
The product will now be available in tier 2 and 3 cities across India.
Under the scheme, HDFC Bank customers are given pre-approved loan offers using the bank’s proprietary algorithm and analytics. Customers can select car model, dealer, loan amount within eligible limits and tenure online.
CEO: Aditya Puri
Headquarters: Mumbai
Founded: August 1994