Droom joins forces with Axis Bank

News

10 January 2017

India’s online automotive transactional marketplace Droom has tied up with Axis Bank, India’s third largest private sector bank, to provide the quick authorisation of loans on both new and used cars.

Loans will be provided for up to 85% of the value of the car with a tenure of up to five years. Furthermore, loans on used cars can be sought on vehicles up to ten years old at the end of the loan tenure.

Commenting on the tie-up, Rishab Malik, co-founder and vice president of Droom’s business development said: “The recent collaboration is another step in our attempt to provide holistic facilities to our users and enhance the car-buying experience.

“Axis Bank is globally recognised as one of the most reputed financing organisations with a successful track record of disbursing loans in a quick turn-around time. We hope that faster loan disbursal mechanism will provide customers with a buying experience that is hassle-free, secure and convenient.”

“Axis Bank always endeavours to provide digital solutions to its customers, providing them enhanced customer experience and ease. This valued partnership with Droom is yet another step in our digital offerings” said Jagdeep Mallareddy, head of retail lending at Axis Bank.

Keywords : Credit

Geography : India