Car Loan 

HDFC Bank Car Loan Transfer | Apply Online

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HDFC Car Loan Transfer: Transfer your Car loan to HDFC Bank and Get upto 1% lower interest rate on car loan.

Features of HDFC Bank Car Loans:

  • Our loans cover the widest range of cars and multi-utility vehicles in India.
  • You can avail up to 100% finance on your favorite car**
  • We offer a flexible loan repayment tenure ranging from 12 to 84 months.
  • You can borrow up to 3 – 6 times your annual income
  • We provide speedy processing – within 48 hours of documentation
  • You can repay with easy EMIs
  • You can fastrack your loan by simply choosing the plan that is right for you.
  • We offer attractive interest rates
  • Our documentation is hassle-free
  • We offer special privileges for HDFC Bank customers

Compare, Calculate & Save more on Interest Rates & EMIs

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Check which category you fit into first. Depending on the kind of work you do, our requirements to give you a loan will be different.

Are you a salaried employee?

This category includes salaried doctors, CAs, employees of select public and private limited companies, government sector employees such as public sector undertakings and central, state and local bodies.

You should:

  • 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

Documents you will need to submit:

  • 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

Are you a self employed individual (Sole Proprietorship)?

This category includes self-employed sole proprietors in the business of manufacturing, trading or services.

You should:

  • 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

Documents you will need to submit:

  • 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.

Are you self employed (Partnership Firms)?

This category includes self-employed partners in the business of manufacturing, trading or services.

You should:

  • 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.

Documents you will need to submit:

  • 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

Are you self employed (Private Limited Companies)?

If you own a private company in the business of manufacturing, trading or services, this is for you.

You should:

  • 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

Documents you will need to submit:

  • 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

Are you self employed (Public Limited Companies)?

If you are a director in a public limited company in the business of manufacturing, trading or services, this is for you.

You should:

  • 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

Documents you will need to submit:

  • 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

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