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| Introduction |
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| HDFC bank offers you a unique car loan plans. Fast track car loan plan, Advantage platinum Credit Card Plan, No Income-Document Loan Plan, 100% Loan Plan with Fixed Deposit Lien, NRI Loans, Past re-payment history and Approval Plan. To get one of these offers you have to fulfill terms and conditions laid by the bank. |
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| Highlights |
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New Car |
Used Car |
| Loan Type |
Term Loan |
Term Loan |
| Ex-Showroom/On Road |
Ex-Showroom |
Ex-Showroom |
| Loan Amount |
Loan Amount : up to 3 times your annual salary or 6 times your annual income. Maximum loaan limit 1.5 cr
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Loan Amount : up to 3 times your annual salary and 6 times of annual income
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| Tenure |
Min. - 12 months.
Max. - 84 months.
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Min. - 12 months.
Max. - 60 months.
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| Interest Rate |
12 % |
17.75 % |
| Time to Process Loan |
2 days |
2 days |
| Preferred Manufacturers |
Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
Chevorlet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
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Processing Fees
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| Slab |
Processing Fee |
Origination Charges |
| Rs 30000 - Rs 100000 |
Rs 2625 |
0.3 % |
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 Fees & charges
Fees & charges
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New Car |
Used Car |
| Cheque Bouncing Charges |
450 Rs |
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| Stamp Duty |
As Per Actuals |
As Per Actuals |
| Late Payment Penalty |
2 % |
2 % |
| Cheque Swapping Charges |
500 Rs |
500 Rs |
| Loan Cancellation/Rebooking Charges |
1000 Rs |
1000 Rs |
| Statement Charges |
500 Rs/Statement |
500 Rs/Statement |
| Duplicate Repayment Schedule Charges |
500 Rs |
500 Rs |
| Legal, Repossession and Incidental Charges |
As Per Actuals |
As Per Actuals |
| Duplicate No Due Certificate / NOC Charges |
500 Rs |
500 Rs |
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Special Offers
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Special Privileges |
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| New Car |
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If you are an HDFC Bank account holder, we have special rates for you.If you have had a Preferred Account or a Corporate Salary Account with HDFC Bank for more than six months, you can get fast approvals on your loans with minimal documentation.If you are an existing HDFC Bank Car Loan customer with a clear repayment of 12 months or more we can Top-Up your car loan to the extent of the original loan value. |
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Eligibility Criteria
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Eligibility Criteria
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Salaried
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Salaried:
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| Income |
Rs 100000 |
| Age |
Min.: 21 Yrs. Max.: 65 Yrs. |
| Current Employment Years |
1 Yrs. |
| Total Employment Years |
2 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
No |
| Signature Proof |
Yes |
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Self Employed
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Self Employed:
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| Income |
Rs 60000 |
| Age |
Min.: 21 Yrs. Max.: 65 Yrs. |
| Total Employment Years |
3 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
No |
| Signature Proof |
Yes |
| Waivers |
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. |
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Application Process
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Application Process |
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Processing fees - 2% of loan amount or Rs. 5000/-, whichever is lower |
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