The Economic Times
12,248.2567.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Droom Partners with Axis Bank for quick sanction of loans

“The recent collaboration is another step in our attempt to provide holistic facilities to our users and enhance the car-buying experience."

, ET Bureau|
Updated: Jan 04, 2017, 02.22 PM IST
0Comments
Axis bank is globally recognized as one of the most reputed financing organizations with a successful track record of disbursing loans in a quick turn-around time.
Axis bank is globally recognized as one of the most reputed financing organizations with a successful track record of disbursing loans in a quick turn-around time.
MUMBAI: Online automobile marketplace Droom as tied up with Axis Bank, India’s third largest private sector bank, to provide quick sanction of loans on both new as well as used cars. This is a step towards becoming a complete eco-system for buyers to have an impeccable automobile owning experience.

Loans will be provided for up to 85% of the value of the car with a tenure of 1-5 years. Furthermore, loans on Used Cars can be availed on vehicles upto the age of 10 years at the end of the loan tenure, said the company in a statement to the media.

“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 recognized as one of the most reputed financing organizations 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,” said Rishab Malik, cofounder, Droom.

Also Read

Cheaper loans for exporters in the works

Nearly 3 per cent of Mudra loans turn into bad loans: Government

Questions for 2020: Loans become cheaper?

Canara Bank Profit Up on Rise in Retail Loans

Consumer loans growing but some vintage loans indicate higher risk: CIBIL

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service