HDFC Bank Car Loan | Interest Rates | Eligibility| Apply

HDFC Bank Car Loan 2014: HDFC Bank Quick and Easy car loan with Easy Documents, EMI Options and Low Interest Rates. Apply online through Deal4loans.com & get the best deals on lowest interest rates & EMI.

Latest Offers:
Offers a flexible loan repayment option from 12 to 84 months.

Features and Benefits of HDFC Bank Car Loan

  • HDFC Bank Car Loan Interest Rate 10.50% – 12.50% ( New Rates Updated as on Sep 2014)
  • Processing Fees From Rs. 2825/- upto Rs. 5150/-
  • HDFC Bank Car Loan Tenure 1 year to 7 years
  • No foreclosure charges on Select Manufacturers
  • Foreclosure not allowed for first 6 months
  • No guarantor required
  • Car Loan Amount Varies based on car model. Up to 100% financing for pre-approved customers.

Apply for Car loan from HDFC Bank at best rates

Minimum Salary: 2.5 Lakhs * | Offers for 100% finance * | Lowest Rates of 10.45% *
Professional Details
Loan Amount:
Occupation:
Annual Income:

City:

 

New Offers on HDFC Car Loans 2014:

HDFC Group employees will have a standard rate of 10.50% for New Car Loans across all segments for 36 to 84 months tenured loans, and 13.50% under Pre-owned Cars for 36 to 60 month tenured loans. PF will be Nil and Foreclosure Charges will be waived after 24 months.

  • OTHER MFTR MODELS, THE Foreclosure CHARGES WILL BE 50% AFTER 24 MONTHS FOR KRC, AUTO MFTR, SUPER A & CAT A, AND NIL WAIVER FOR CAT B.
  • FOR GOVERNMENT EMPLOYEES, NO Foreclosure CHARGES AFTER 12 MONTHS FOR MARUTI, HYUNDAI, TOYOTA & HONDA CARS

Foreclosure Charges and Prepayment charges Details on HDFC Bank Car Loan

Description of charges

New Car Loans

Foreclosure Charges 6% of Principal Outstanding for preclosures within 1 year from 1st EMI
5% of Principal Outstanding for preclosures within 13-24 months from 1st EMI
3% of Principal Outstanding for preclosures post 24 months from 1st EMI
No foreclosure allowed within 6 months from date of availing the car loan
Part payment charges would be applicable on the part prepayment amount 5 % on the part payment amount in case part prepayment is within 13-24 months from 1st EMI
3% on the part payment amount in case part prepayment is post 24 months from 1st EMI
Part-payment is allowed subject to completion of 12 months (i.e., Post payment of 12 EMIs)
Part payment will be allowed twice only
At any point of time, part payment will not increase beyond 25% of Principal Outstanding

Documents Required for HDFC Bank Car Loan:

Salaried employee Self employed individual Self employed (Partnership Firms) Self employed (Private Limited Companies) Self employed (Public Limited Companies)
  • Proof of Identity: Passport copy, PAN Card, Voters Id card, driving licence( Laminated, Recent, Legible)
  • Income Proof: Latest salary slip with form 16.
  • Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card.
  • Bank Statement: Not mandatory
  • Proof of Identity: Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
  • Income Proof: Latest ITR
  • Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card
  • Bank Statement: Waived for small cars, for mid – sized and premium cars if income is greater than Rs. 1.5 Lakhs then bank statement requirement can be waived.
  • Proof of Identity: NA
  • Income Proof: Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company
  • Address Proof: Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate
  • Bank Statement: Waived for small cars, for mid – sized and premium cars if income Is greater than Rs. 1.5 lacs then bank statement requirement can be waived
  • Proof of Identity: NA
  • Income Proof: Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company
  • Address Proof: Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate
  • Bank Statement: NA
  • Proof of Identity: NA
  • Income Proof: Audited balance sheet, Profit & Loss Account for latest two years
  • Address Proof: Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate
  • Bank Statement: NA

Eligibility Required for HDFC Bank Car Loan:

Salaried employee Self employed individual Self employed (Partnership Firms) Self employed (Private Limited Companies) Self employed (Public Limited Companies)
  • Be between the age of 21 years (at the time of application) and <= 65 years (at the end of the loan tenure)
  • Have had a job for at least 2 years, and a minimum of 1 year with your current employer
  • Earn at least an income of Rs. 1,00,000 annually, including the income of your spouse
  • Have a telephone at your residence
  • Be between the age of 21 years (at the time of application) and <= 65 years (at the end of the loan tenure)
  • Be in business for at least 3years
  • Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least Rs. 1,00,000 per annum for mid-sized and premium cars.
  • Have a telephone at your residence
  • Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least Rs. 1,00,000 per annum for mid-sized and premium cars
  • Have a minimum turnover of Rs. 4,50,000 per annum
  • Have a landline at your office and residence.
  • Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least Rs. 1,00,000 per annum for mid-sized and premium cars
  • Have a minimum turnover of Rs. 4,50,000 per annum
  • Have a landline at office
  • Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least Rs. 1,00,000 per annum for mid-sized and premium cars
  • Have a minimum turnover of Rs. 4,50,000 per annum
  • Have a landline at office

Car Loan Plans By HDFC Bank

Auto Loan Takeover Plan NRI Loans Past re-payment history
No Income-Document Loan Plan 100% Loan Plan with Fixed Deposit Lien Advantage platinum Credit Card Plan

Other Available Products from HDFC Bank

Source: HDFC Bank Official Website

 

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