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