HDFC Bank to Launch Mega Car Loan Mela in Uttar Pradesh

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HDFC Bank to Launch Mega Car Loan Mela in Uttar Pradesh

• Over 600 bank branches across UP to participate

• Bank to collaborate with leading automobile brands and car dealerships

Lucknow, September 08, 2023: HDFC Bank, India’s leading private sector bank, is set to launch a mega Car Loan Mela in Uttar Pradesh on September 11, 2023. Over 600 bank branches across the state will participate in the loan drive. The Bank has partnered with leading automobile brands and regional dealerships for the drive. As a part of the initiative, car dealers will be able to showcase latest automobile models at the bank’s branches in multiple locations to offer customers a first-hand experience.

The mela aims to enhance visibility of auto loans and make them more accessible in the targeted regions. The participating branches will showcase a select set of cars, along with enquiry desks. Customers visiting the branch can check the cars, browse through auto loan options, and even book a car at the while the bank can offer on-the-spot loan sanctions.

HDFC Bank has one of largest loan portfolios in the auto-loan segment. As on June 30, 2023 auto-loan advances stood at Rs. 1,21,732 crore. Last year, HDFC Bank introduced ‘Xpress Car Loan’ facility which enables loans to be credited to the dealer’s account in about 30 minutes. Xpress Car Loan has evolved into India’s single largest digital loan platform for origination and disbursement with over 50,000 happy customers.

About HDFC Bank

Please click here: www.hdfcbank.com

For media queries, please contact:

Shripad Sukenkar

Senior Manager, Corporate Communications HDFC Bank Limited

Email: shripad.sukenkar@hdfcbank.com

Madhu Chhibber

Head, Corporate Communications HDFC Bank Limited

Email: madhu.chhibber@hdfcbank.com