Axis Bank launches 'Insta Car Loans'

Kolkata, Dec 26 (IBNS) Axis Bank, India's third largest private bank, on Monday announced the launch of 'Insta Car Loans', an auto finance facility that approves instant car loans at various car dealerships and at its branches.

Axis Bank has developed this feature in association with BankBazaar.com.

Axis Bank´s Insta Car Loan facility offers customers instant in-principle approvals for Car Loans, based on credit checks in real time at designated car dealerships or at Axis Bank branches.

The feature also provides car dealerships instant approvals for their customers without any additional investment in manpower or software as the facility can be accessed with just an internet connection.

Jairam Sridharan - Head- Retail Lending & Payments, Axis Bank said, "It is clear that the Indian car buyer is ready to get loans approved instantly on the internet. The Instant Approval process is a logical extension of that desire into the physical world. "

SEARCH