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Axis Bank partners with Hyundai to offer smart financial solutions digitally



India’s third largest private sector bank, Axis Bank on Wednesday announced its partnership with Hyundai Motor India Limited (HMIL) to offer the auto retail financing solutions to its customers through Hyundai’s end-to-end online automotive retail platform ‘Click to Buy’ (CTB).

The partnership will allow customers to view, process and avail auto loan sanction directly on Hyundai’s CTB platform, a company statement said.

This solution provides customers with the convenience of acquiring requisite funding for their desired Hyundai car through a ‘one-stop-shop’ platform catering to all their vehicle purchase needs. This new facility will enable customers based out of both urban and rural markets to avail car financing online in the most effective manner.

Speaking on the initiative, Sumit Bali, President & Head Retail Lending & Payments, Axis Bank said, “We are delighted to partner with Hyundai Motors and make online financing a quick and hassle-free process for all customers. To reinforce our commitment towards seamless digitization, Axis Bank has ensured that customers can now get pre-approved loans directly. In the current pandemic situation, this initiative will ensure that customized finance products are digitally available to all customers, bringing them one step closer to owning their dream car.”

Commenting on the partnership, WS Oh, Executive Director – Corporate Planning, Hyundai Motor India, said, “‘Click to Buy’ is designed to facilitate end-to-end retail of Hyundai cars online, making new car purchase contactless, safer, and convenient. Our partnership with Axis Bank will initiate a new beginning for the customers with the lucrative & attractive online finance deals available on the platform.”

Since the launch of ‘Click to Buy’, the company has received over seven million visitors and has recorded over 47,000 registrations.

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