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Droom Partners with Axis Bank for quick sanction of loans

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.
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