HDFC Bank Car Loan @10.50- 12.5% Interest Rates 2015

HDFC Bank Car Loan ✓ Quick and Easy car loan Documents ✓ Low EMI Rs.1,686 ✓ Lowest Interest Rates ✓ upto 100% finance ✓ Apply online through Deal4loans.com.

Why to Choose or Apply with HDFC Bank Car Loan

HDFC Bank Car Loan Interest Rate 10.50% – 12.50% ( New Rates Last Updated on 8 June 2015)
✓ Up to 2.5 Lakhs: Rs. 3220/-, (Above 2.5 Lac – Rs.4390/- to Rs.5870/-.)
✓ Flexible tenure of up to 7 years
✓ No Income Document Scheme
✓ Up to 100% finance on New Cars
✓ Loan disbursal within 30 Minutes (New biometrics technology linked with Aadhaar Card)
✓ No foreclosure allowed within 6 months from date of availing the car loan



Apply for Car loan from HDFC Bank at best rates

Professional Details
Loan Amount:
Occupation:
Annual Income:
City:

 

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

Features & Benefits of HDFC Bank Car Loan

✓ Check Car Loan eligibility in 1 minute. Approval of Car loan in 30 minutes.
✓ Fixed interest rates
✓ No Income Document Scheme
✓ Fast and hassle free loan processing
✓ Lowest down payment and best deals for customers
✓ Easy loans up to Rs. 1.5 Cr.

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:Last 6 months
  • 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 <= 60 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. 1,80,000 annually, including the income of your spouse
  • Have a tele-phone/ post paid mobile
  • 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

Do I have the option to pre-pay the entire loan amount?
Yes. You can pre-pay the loan any time after 6 months of availing of the loan. You just have to pay a small pre-payment fee on the outstanding loan amount.

Do I need a guarantor for New Car Loans?
No, but if your income does not meet our credit criteria then you may be required to have a Gurantor/co-applicant. To stand surety for your loan.

What is the maximum amount I can borrow with an HDFC Bank New Car Loans?
You can borrow up to 3 times your annual salary if you are a salaried professional and 6 times your annual income if you are a self-employed professional **.
**Offers on specific models .Terms & conditions apply.

What are the tenure options available?
The choice is yours. You can choose any repayment option from 12 to 84 months all specially designed to suit your requirements.

Which cars can be financed for New Car Loans?
We finance most passenger cars and multi-utility vehicles manufactured by India’s leading automobile companies.

Other Available Products from HDFC Bank

Source: HDFC Bank Official Website

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