HDFC Car Loan Details
New Car Loan
Just decide on the make & model, and our New Car Loan will bring it to your driveway in no time.
Features & Benefits
- Covers the widest range of cars and multi-utility vehicles in India.
- Borrow up to 90% of the car's invoice value.
- Flexible repayment options, ranging from 12 to 84 months.
- Borrow up to 3 times your annual salary (for salaried professionals) and 6 times your annual income (for self employed professionals)*.
- Speedy processing - within 48 hours.
- Repay with easy EMIs.
- Attractive car loan plans - To Fastrack your loan, just choose the plan that is right for you.
- Among the lowest interest rates.
- Hassle-free documentation.
- Prepayment option - prepay the loan anytime after 6 months at a small charge.
- Customer Privileges
# 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 at a reduced interest rate.
*This would also vary with higher loan value
Used Car Loan
HDFC Bank's Used Car Loan will put you in the driver's seat. What's more, HDFC Bank also helps you select good quality used cars and even value them.
Features & Benefits
- Choose any car manufactured in India within a certain age*.
- Borrow up to 80% of the value of the car.
- Flexible repayment options, ranging from 12 to 60 months.
- Borrow up to 3 times your annual salary (for salaried professionals) and 6 times your annual income (for self employed professionals)**.
- Available for almost all car models at attractive interest rates.
- Repay with easy EMIs.
- Attractive car loan plans - To Fastrack your loan, just choose the plan that is right for you.
- Customer Privileges
# Special benefits for HDFC Bank account holders.
# 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.
* Age of Car at loan maturity should not cross 10 years subject to maximum loan tenure of 60 months.
**This would also vary with higher loan value
Eligibility & Documentation
- Salaried Individuals
- Eligibility Criteria
- Minimum age of Applicant : 21 years
- Maximum age of Applicant at loan maturity : 60 years
- Minimum employment : 1 year in current employment and minimum 2 years of employment
- Gross household income i.e. including income of the spouse : Rs 100000 net annual income
- Telephone : Necessary at residence
- Documents required:
- Age Proof: Any one of Passport copy, PAN Card, Voters ID card, Photo driving licence with birth date ( laminated, recent , legible), Photo ration card with DOB, Employer certificate/ID, School/College Leaving certificate.
- Proof of Identity: Any one of Passport copy, PAN Card, Voters ID card, Photo driving licence with birth date, Photo ration card with DOB.
- Income Proof: Latest salary slip with latest form 16/latest ITR. HDFC bank corporate salary account statement for salary credits of above Rs 8000 for three months.
- Address Proof: Any one of Photo Ration card with DOB, Photo Driving licence with DOB, Voters ID card, Passport copy, Telephone bill, Electricity bill, PAN Card, Credit Card statement with credit card copy, Employer certificate/ID.
- Sign Verification Proof: Any one of Passport copy, Photo driving licence with birth date ( laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification, Copy of margin money paid to bank.
- Eligibility Criteria
- Self Employed
- Eligibility Criteria
- Minimum age of Applicant : 21 years
- Maximum age of Applicant at loan maturity : 65 years
- Minimum employment : Atleast 3 years in business
- Minimum Annual Income : 60000
- Telephone : Necessary at residence
- Documents required:
- Age Proof: Any one of Passport copy, PAN Card, Voters ID card, Photo driving licence with birth date ( laminated, recent , legible), Photo ration card with DOB, Employer certificate/ID, School/College Leaving certificate.
- Proof of Identity: Any one of Passport copy, PAN Card, Voters ID card, Photo driving licence with birth date ( laminated, recent , legible), Photo ration card with DOB.
- Income Proof: Any one of Latest ITR, Latest Income Tax Assessment Order.
- Address Proof: Any one of Photo Ration card with DOB, Photo Driving licence with DOB, Voters ID card, Passport copy, Telephone bill, Electricity bill,
- PAN Card, Credit Card statement with credit card copy, Employer certificate/ID.
- Sign Verification Proof: Any one of Passport copy, Photo driving licence with birth date (laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification, Copy of margin money paid to bank.
- Eligibility Criteria
- Partnership Firms
- Eligibility Criteria
- Minimum Income : Rs. 60000 p.a
- Minimum turnover : Turnover Rs 4.5 lacs
- Telephone : Landline at office and at residence of the loan executing partner. Post-paid mobile phone of three month vintage acceptable in case of landline at only one place.
- Documents required:
- Age Proof: Partnership deed.
- Proof of Identity: Partnership deed.
- Income Proof: Latest ITR and latest Balance Sheet along with Profit and Loss Account. In case of Business turnovers exceeding 40 lacs or Professional turnovers exceeding 10 lacs, the Balance sheet needs to have been audited and in which case the latest Income Tax Return need not be taken.
- Address Proof: Partnership deed or any of Telephone bill, Electricity bill, PAN Card.
- Sign Verification Proof: Any one of Passport copy, Photo driving licence with birth date (laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification, Copy of margin money paid to bank.
- Eligibility Criteria
- Private Limited Company
- Eligibility Criteria
- Minimum Income : Rs. 60000 p.a.
- Telephone : Landline at office
- Documents required:
- Age Proof: Memorandum and Articles of Association / Certificate of incorporation.
- Proof of Identity: Memorandum and Articles of Association / Certificate of incorporation.
- Income Proof: Latest ITR and latest audited Balance Sheet along with Profit and Loss Account.
- Address Proof: Memorandum and Articles of Association / Certificate of incorporation or any of Telephone Bill, Electricity Bill or PAN Card.
- Sign Verification Proof: Any one of Passport copy, Photo driving licence with birth date (laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification, Copy of margin money paid to bank.
- Public Limited Company
- Eligibility Criteria
- Minimum Income : 60000 p.a.
- Telephone : Landline at office
- Documents required:
- Age Proof: Memorandum and Articles of Association / Certificate of incorporation.
- Proof of Identity: Memorandum and Articles of Association / Certificate of incorporation.
- Income Proof: Latest ITR and latest audited Balance Sheet along with Profit and Loss Account.
- Address Proof: Memorandum and Articles of Association / Certificate of incorporation or any of Telephone Bill, Electricity Bill or PAN Card.
- Sign Verification Proof: Any one of Passport copy, Photo driving licence with birth date (laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification, Copy of margin money paid to bank.
- Eligibility Criteria
- HUFs and Trusts
- Eligibility Criteria
- Minimum income : Rs 60000 p.a.
- For HUFs, Karta to be co-applicant in his individual capacity.
- Telephone : Landline at office and at residence of the loan executing partner. Post-paid mobile phone of three month vintage acceptable in case of landline at only one place.
- Eligibility Criteria
- Who can avail of HDFC Bank Used Car Loans?
We offer Used Car Loans to the following:
* Salaried individuals in the age group of 21 to 60 years (at the end of the tenure)
* Self-employed individuals in the age group of 21 to 65 years (at the end of the tenure)
* Partnership Firms
* Public & Private Ltd. companies
* HUFs and Trusts - Which cars can be financed?
HDFC Bank finances most passenger cars and multi-utility vehicles manufactured by India's leading automobile companies - Maruti 800, Omni, Zen, Esteem, Baleno, Wagon R, Honda City, Opel Astra & Corsa, Ford Escort & Ikon, Hyundai Accent & Santro, Daewoo Matiz & Cielo, Tata Indica, Safari, Sumo, Fiat Siena & Uno and Mitsubishi Lancer. - How much finance can I avail of?
You can borrow up to 80% of the invoice value. - What are the tenure options?
The choice is with you. You can choose from any of the 4 well-paced repayment options of 12, 24, 36, 48 or 84 months all specially designed to suit your requirements. - How long will it take to process the loan?
Within 48 hours of completing documentation. - Do I have the option of pre-paying the entire loan amount?
Yes. You can pre-pay the loan any time after six months of availing of the loan. You merely have to pay a small prepayment fee on the outstanding loan amount. - If I don't have an account with HDFC Bank, can I still avail of loans?
Of course, you can get HDFC Bank Car Loans. You need not necessarily have an account with us. - Do I need a guarantor?
Generally no. But if your income does not meet our credit criteria, then you may be required to have a guarantor to stand surety for your loan.
FAQs
If you have any queries that are not answered here, please write to us.PhoneBanking Numbers
Branch LocatorCity PhoneBanking Numbers Agent Timings on Weekdays,Weekends & Bank Holidays Mumbai 022-2856 1818 8.00 a.m - 8.00 p.m Delhi 011-41514332 8.00 a.m - 8.00 p.m Chennai 044-5500 3333 8.00 a.m - 8.00 p.m Kolkata 033-22103838 8.00 a.m - 8.00 p.m West Bengal 98310 73333 8.00 a.m - 8.00 p.m Assam 1800 345 3333 8.00 a.m - 8.00 p.m Bangalore 080-5500 3333 8.00 a.m - 8.00 p.m Hyderabad 040-2323 0036 8.00 a.m - 8.00 p.m Chandigarh & Mohali 0172-226 8888 8.00 a.m - 8.00 p.m Punjab 98153 31111 8.00 a.m - 8.00 p.m Pune 020-6609 3333 8.00 a.m - 8.00 p.m Ahmedabad 079-5562 3333 8.00 a.m - 8.00 p.m Gujarat 98982 71111 8.00 a.m - 8.00 p.m Indore 0731-407 4332 8.00 a.m - 8.00 p.m Madhya Pardesh 98936 03333 8.00 a.m - 8.00 p.m Cochin 0484-408 3333 8.00 a.m - 8.00 p.m Jaipur 0141-5114332 8.00 a.m - 8.00 p.m Lucknow 0522-400 3333 8.00 a.m - 8.00 p.m Uttar Pradesh 99359 03333 8.00 a.m - 8.00 p.m Maharashtra 98906 03333 8.00 a.m - 8.00 p.m Goa 98906 03333 8.00 a.m - 8.00 p.m Kerala 98956 63333 8.00 a.m - 8.00 p.m Orissa 1800 345 3333 8.00 a.m - 8.00 p.m Tamil Nadu 98406 73333 8.00 a.m - 8.00 p.m Chhatisgarh 98936 03333 8.00 a.m - 8.00 p.m Uttaranchal 99359 03333 8.00 a.m - 8.00 p.m Karnataka 99458 63333 8.00 a.m - 8.00 p.m - Eligibility Criteria
