HDFC announced direct dealing with customers in auto loan market. This decision is based on the agreement with IL&FS Trust Company. The customers are to get the loan for no extra cost added to it but for a charge created as a security. On the basis of credit rating it is asserted that the facility enjoyed by the borrowers for car is almost double to that of commercial vehicle and two wheelers under this scheme. The auto loan market may get a boost by the introduction of this at par dealings.
January 13, 2006
Better service for no added extra cost
