Park+ collaborates with HDFC Bank to unlock a simplified car loan experience

Park+ India's pioneering auto-tech super app and HDFC Bank, the leading private sector bank in India, has collaborated for offering a simplified car loan experience to Park+ users. The collaboration unlocks alluring car loan offers and instantaneous digital disbursal to Park+ users, within 30 minutes (to appropriate borrowers). With this collaboration, more than 1.5 cr Park+ users will have a chance to purchase the cars of their dreams.

The exhilaration of bringing your brand-new car home is special. Millions of Indians today are upwardly mobile, and on the move. Many are seeking to have their own car for reaching their destination on time and  comfortably. Simplified car loans are a game changer for millions of people for fulfilling their dreams of owning a car, with minimum nuisance. 

HDFC & Park+ Advantage:

• Digital Loan processing and disbursement in less than 30 minutes
• Attractive ROI & Processing
• Market space for new & used cars

 Commenting on the partnership, Amit Lakhotia, Founder & CEO, Park+, said, “At Park+ our main objective is to bring delight back to car ownership. As part of this endeavour, we have partnered with HDFC Bank to unlock a simplified car loan experience for our users. We today host the largest community of car owners (1.5 cr car owners) on our app and wanted to enhance their potential/existing car ownership experience by making car loans simpler, easier, and affordable.  Our robust relationship with HDFC Bank will allow us to unlock attractive car loan offers and immediate digital disbursal, all at one place on the Park+ App. We will continue to invest our energies in enhancing the car ownership experience for car owners, throughout the life cycle of their car and look forward to partnering with other external stakeholders to support us in this endeavour. ``

Akhilesh Kumar Roy, Business Head – Auto Loans at HDFC Bank, said, “The Bank is committed to connecting with customers at a touch point of their choice. In this case Park + customers can access HDFC Bank’s Xpress Car Loans. Through this money is credited to the account of the dealer in about 30 minutes. Since its launch about two years back, this mode of availing car finance has emerged as the fastest growing one in the Bank.”