Maruti Suzuki And HDFC Bank Join Hands To Introduce ‘Xpress Car Loans’ Feature

Maruti Suzuki has partnered with HDFC Bank to offer a quick loan option, 'HDFC Bank Xpress Car Loans', on their Smart Finance platform. This is to cater to the needs of tech-savvy customers who prefer digital solutions. This collaboration aims to provide a smoother experience for buying Maruti Suzuki cars. Keep reading for more information. Meanwhile, you can join our 91Wheels Whatsapp Group for the latest updates from the automotive industry.

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Maruti Suzuki & HDFC Bank: 'Xpress Car Loans'

Maruti Suzuki launched their Smart Finance platform in 2020, making it India's first end-to-end online car financing solution. This lets potential car buyers compare finance options, choose the best deals, and apply for loans digitally from anywhere. It's all about making car financing easier and more transparent.

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The collaboration with HDFC Bank introduces the 'Xpress Car Loans' feature, taking car financing convenience to the next level. This new feature enables eligible customers to secure their car loans within just 30 minutes from their chosen financiers. This entirely digital process eliminates paperwork and speeds up verification processes through E-KYC, Video KYC, and Address Verification in real-time.

Arvind Kapil, from HDFC Bank, highlighted that this partnership brings an industry-first  a fully digital car loan journey. This means that over 75,000 customers have benefited from this streamlined process, eliminating the need for physical paperwork for their car loans. It's all about making buying a car faster and easier.

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