CURRENT AFFAIRS

Detailed explanation-1: -India’s largest private sector lender HDFC Bank today announced ZipDrive Instant Auto Loans to customers across 1, 000 cities in India, the bank said in a media release.

Detailed explanation-2: -The bank has introduced an instant new car loan scheme exclusively for its existing customers called the ZipDrive. Customers can obtain a car loan from HDFC Bank for the purchase of most makes and models of cars in the market.

Detailed explanation-3: -ZipDrive is HDFC Bank’s instant auto loan disbursal product, exclusively for bank customers with pre-approved offer. The offering is now being extended to Tier 2 and 3 cities, such as Bhimavaram, Hardoi, Thalassery, and Balasore among other places, across India.

Detailed explanation-4: -Mumbai, May 09, 2022: HDFC Bank, India’s largest private sector bank, has launched ‘Xpress Car Loans’ – an end to end digital new car loan journey for existing customers as well as non-customers.

Detailed explanation-5: -This is the term associated with HDFC Bank. HDFC Bank has a two-wheeler pre-approved loan scheme by the name Zip ride. Under the said scheme, the customers can avail loan for purchasing any two-wheeler without waiting for the approval of loan, this feature was available to almost all the customers of HDFC bank.