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HDFC Bank Car Loan

Covers the widest range of cars and multi-utility vehicles in India.
  • Avail 100% finance on your favourite car depeding on the model
  • Loan repayment tenure ranging from 12 to 60 months.
  • Borrow up to 3 times your annual salary (for salaries 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.
  • Attractive interest rates
  • Hassle-free documentation.

Features


Eligibility


Loan Amount

You can borrow up to 90% of the invoice value. However, the minimum loan amount is Rs.100000.

Margin

20% of the value for used cars and 10% on new cars

Repayment Period


Documents Required

Salaried
  • Proof of Identity:- Passport copy, PAN Card, Voters Id car, 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

Self Employed (Professionals) include self - employed Doctors, Chartered Accountants, Architects, Company Secretaries.
  • 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 lacs then bank statement requirement can be waived.

HDFC Bank Products:


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