HDFC Bank Car Loan | Interest Rates Sep 2020 | Eligibility | Documents

HDFC Bank Credit Card HDFC Bank Car Loan Interest Rates: Low EMI ₹ 1599/ Lakh for 7 year tenure ✓ eligibility ✓ upto 100% finance ✓ Application Status ✓ HDFC Car Loan EMI Calculator ✓ Apply online through within 5 minutes.

Latest Update as on 27 March 2020: No EMI’s for 3 Months as per RBI. Your CIBIL Score will also not be impacted by this EMI waiver on your Personal / home/car loans. so your credit report will not take hit also but if you don’t pay interest will increase.

Why to choose or apply with HDFC bank car Loan

Interest Rates 8.80% – 10.00%
Processing Fee 0.4% of Loan Amount or Rs.10000, whichever is lower
Repayment 7 Years
Loan Amount Upto 100%
Foreclosure Charges Nil
Monthly Income 15000

Latest update: Zero Foreclosure and Flexible repayment options.

Compare, Calculate & Save more on Interest Rates & EMIs

Professional Details
Loan Amount


Annual Income


Get Car Loans in India from HDFC Bank. Check your exact Car Loan eligibility in a minute and Apply Online

✓ Check your exact Car Loan eligibility in a minute and apply online
✓ Get loan approval within 10 minutes of submitting your documents
✓ View the exact total cost and EMI of your Car Loan offer
✓ Special discounted interest rate only through online

Documents required for HDFC Bank car loan:

✓ Identity Proof – Aadhar Card / Passport / Voter Card
✓ Income Proof – ITR / Form 16 / P & L Ac
✓ Address Proof – Licence / Tel Bill / Elec Bill / Sales Tax Cert
✓ Bank Statement of last 6 months

Owning your dream car is now easy. HDFC Bank can offer a car loan for up to 100% of the value! learn about exciting offers on loans for private cars as well as multi-utility vehicles from hdfc bank via

Pre-owned Car Loans – HDFC bank tie-ups with widest range of authorized pre-owned car dealers. it helps you to easy car buying experience with faster approval and doorstep service.

Loan against Car – This scheme of HDFC bank makes you eligible for a pre-approved cash loan. interest rates upto 2% lower compared to personal loan of hdfc.

HDFC Car Loan EMI Calculator

For calculate exact loan emi you have to just enter your loan amount, Interest Rate & No. of Tenure Period in Months.

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.

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.

Top 20 Selling Cars in India; Get HDFC car loan easily for these

Rank Model March 2020
1. Maruti Baleno 11406
2. Maruti Alto 10829
3. Maruti WagonR 9151
4. Maruti Swift 8575
5. Kia Seltos 7466
6. Hyundai Creta 6706
7. Hyundai Venue 6127
8. Maruti Eeco 5966
9. Maruti Vitara Brezza 5513
10. Maruti Dzire 5476
11. Maruti S presso 5159
12. Hyundai Grand i10 4293
13. Maruti Celerio 4010
14. Maruti Ertiga 3969
15. Toyota Innova Crysta 3810
16. Hyundai Elite I20 3455
17. Honda Amaze 2744
18. Tata Nexon 2646
19. Hyundai Xcent / Aura 2615
20. Maruti Nexa XL6 2221

Other Available Products from HDFC Bank

HDFC ltd Home Loan
HDFC Bank Personal Loan
HDFC Bank Credit Card
HDFC Bank Education Loan
HDFC Loan Against Property
HDFC Ltd NRI Home Loans

Compare HDFC Car Loan with other Banks in India

Car loan Banks Interest Rates EMI per Rs 1 lakh for 7 Years
Bank Of Baroda Car Loan 8.80% – 10.55% Rs. 1,599 – Rs. 1,689
Canara Bank Car Loan 8.70% – 9.35% Rs. 1,594 – Rs. 1,627
Corporation Bank Car Loan 8.75% – 9.50% Rs. 1,596 – Rs. 1,634
HDFC Bank Car Loan 8.50% – 11.25% Rs. 1,584 – Rs. 1,725
ICICI Bank Car Loan 8.82% – 12.75% Rs. 1,600 – Rs. 1,806
Union Bank Car Loan 8.85% – 11.85% Rs. 1,601 – Rs. 1,757
SBI Car Loan 8.65% – 9.70% Rs. 1,609 – Rs. 1,645

Source: HDFC Bank Official Website