HDFC Bank has launched ’30-min auto’ and ’15-min 2-wheeler’ loan schemes. The loans will be sanctioned based on customers’ biometric details, the bank said. The 30-minute auto loan is available for HDFC Bank customers, as well as others. It will be a technology-enabled solution and similar loans will be available to customers for two-wheelers and these loans will be approved within 15 minutes, the bank said in a release. Any person willing to avail a loan can walk into an auto dealership or any other touch points of the bank and provide the Aadhaar card number and fingerprint, it said. If eligible, based on the profile, the loan will then be approved with minimal documentation required from the customer within record time. Ashok Khanna, senior executive president and business head, Vehicle Loans of the bank, said customer convenience lies at the heart of the bank’s digital banking initiatives and it believes the 30-minute auto loan will be the next level in financing and addressing customer needs.
