HDFC Car Loan | Interest Rates Eligibility| Documents | Apply

HDFC Bank Car Loan: HDFC Provides a Quick and Easy car loan with Easy Documents, EMI Options and Low Interest Rates. Compare All the Documents, Processing Fees, Charges, Eligibility for Car Loan.

HDFC Bank provides a personal banking in Loans, Credit Card, Insurance and Investments, Forex and Trade services.

New Offers February 2013:

Special Scheme for Tata Employees – Get 100% financing on Tata Nano.

Apply for Car loan from HDFC Bank at best rates

Offers for 100% Finance *
Rate as low as 10.5% for New Car Loan *
100% waiver in foreclosure charges after 12 months *

Full Name

City

DOB

Other City

Mobile

+91

Company Name

Email ID

Occupation

Annual Income

Car Type

Car Booked:

Yes

Loan Amount

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Features and Benefits of HDFC Car Loan

HDFC Car Loan Interest Rate 10.50% – 13.00% ( As per New Rates effective from April 2013)
Processing Fees From Rs.2625 upto Rs.4950/-
HDFC Car Loan Tenure 1 year to 7 years
No foreclosure charges on Select Manufacturers
Foreclosure not allowed for first 6 months
No guarantor required
HDFC Car Loan Amount Varies based on car model. Up to 100% financing for pre-approved customers.

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.

NO Foreclosure CHARGES AFTER 24 MONTHS ON MARUTI, HYUNDAI, HONDA & TOYOTA CARS DISBURSED TILL 31ST MARCH 2013
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:	6% on the part payment amount in case part prepayment is within 1 year from 1st EMI.
	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 6 months from 01st EMI Date (i.e., Post payment of 6 EMIs)

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

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

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