HDFC Bank Car Loan Interest Rates

Interest Rate 8.50% – 14.26% (Avg – 9.40%)
Processing Fee As per banks norms
Foreclosure Charges 3% to 6% depending on loan tenure (no foreclosure for loans disbursed <6 months ago)
Documentation Fees Rs. 600 each time
Penalty for Late Payment 2% each month
Financing Quantum up to 100% depending on customer profile
Loan Amount 75K Min
Tenure Range 1-7 years

HDFC Bank Car Loan Eligibility Criteria

  • Identity Proof – Aadhar Card / Voter Card/ Passport

  • Address Proof – Elec Bill / Licence / tel Bill / Sales Tax Cert

  • Income Proof – P&L Ac/ ITR / Form 16

  • 6 months bank statement

HDFC Bank provides a car loan for up to 100% of the value! check out the exciting offers on loans for cars furthermore as multi-utility vehicles from hdfc bank via Loanonmind.com.

HDFC Car Loan EMI Caluculator

To caluculate the HDFC Bank car loan EMI, use below EMI caluculator:

Documents Required for HDFC Car Loan

Salaried employee Self-Employed
Fill up loan application form Fill up loan application form
2 Passport Size Photos 2 Passport Size Photos
Identity Proof – Driving Licence/ Passport/ PAN/ Voter ID Identity Proof – Driving Licence/ Passport/ PAN/ Voter ID
Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit Business proof such as GST registration, business address proof, incorporation details in case of companies, copy of partnership deed and proof of business existence and business profile, profit and loss account and balance sheets certified by CA
Residential Address Proof – Registered Rent Agreement/ Leave and License/Utility Bill (up to 3 months old), Passport Residential Address Proof – Registered Rent Agreement/ Leave and License/Utility Bill (up to 3 months old), Passport

Features of HDFC Car Loan

HDFC Bank Car loans are very popular among other banks. Features of HDFC Bank car loans:

  • You can get 100% finance for a new car.

  • HDFC Car loan is approved within a short span of time(30 Min.)

  • Competitive and fixed interest rate.

  • Flexible loan repayment tenure of 7 years.

  • EMIs for Car loan are low.

  • Lowest down payments.

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