Axis
Bank, India’s third largest private Bank, today announced the launch of ‘Insta
Car Loans’, India’s first auto finance facility that approves instant car loans
at various car dealerships and at Axis Bank 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.
Mr. Jairam Sridharan – Head-
Retail Lending & Payments, Axis Bank said, “After we launched our
internet based application process, we have seen a tremendous response from
customers. 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. ”
In the initial phase Axis
Bank is offering ‘Insta Car Loan’ facility across 50 dealerships in Mumbai,
Delhi NCR, Pune, Ahmedabad, Kolkata, Hyderabad, Chennai and Bangalore. The Bank
is further planning to expand ‘Insta Car Loan’ facility to nearly 200
dealerships across 30 cities.
Earlier
Axis Bank has launched an online application model for Home Loans and Car Loans
which provide the customers facility to apply online for a loan from the
convenience of their home or work place.
About
Axis Bank: Axis
Bank is the third largest private sector bank in India. Axis Bank offers the
entire spectrum of services to customer segments covering Large and
Mid-Corporates, SME, Agriculture and Retail Businesses.
With
its 1446 branches (including extension counters) and 7,594 ATMs across the
country, as on 30th September 2011, the network of Axis Bank spreads across 953
cities and towns, enabling the Bank to reach out to a large cross-section of
customers with an array of products and services. The Bank also has overseas
offices in Singapore, Hong Kong, Shanghai, Colombo, Dubai and Abu Dhabi.
The
Bank’s website www.axisbank.com offers comprehensive details about its products
and services.
Sourced From: Ketchum Sampark
