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.
Get Car Loan Offers
A maximum of 5 providers will compete to give you the best rates (May 2012)
Car Loans of over Rs. 883.93 crores applied for in 2012 (Last Updated on 25 May 2012 7:16 AM)