A car loan (also known as an automobile loan, or auto loan) is a sum of money a consumer borrows in order to purchase a car. Car loans follow most of the same rules and procedures that apply to other loans. All Car loans are for a specific length of time, generally anywhere between 24 and 60months, although some car loans can be for longer periods. This type of loan is also known as financing. Car loan generally includes a variety of fees and taxes, which are added to the total loan amount many consumers apply for car loans at their local bank.
HDFC offers easy car loans to both salaried and self–employed, what’s more, we not only help you raise funds but also assist you in researching and finding your dream car. Applying for a car loan is now hassle-free, easy, and paperless with low interest rates on car loans. Just make a few clicks, and you can submit the car loan application form online.
HDFC car loan are at an attractive interest rate starting from7.95%. Car loans offered by the bank com with a repayment tenure of up to 84months…
ELIGIBILITY FOR HDFC CAR LOAN
Aged between 21 years to 60 years
Employed for a minimum of 2 years with at least 1 year with current employer.
Earn at least RS.3lakh p.a, have a telephone/post paid mobile,
DOCUMENTS REQUIRED
- Proof of identity – Pan Card, Passport, Driving License, Adhaar Card, Voter ID .etc.
- income proof – from 16 & and the latest salary slip
- Address proof – ID, passport, driving license, bill, etc.
- Bank statement – previous 6 months
LOAN AMOUNT
Get a loan up to rs.3crore on a wide range of car and multi-utility vehicles.
Enjoy 100% on-road finance on your new car.
TOP UP LOANS
Existing car loan customers can get a top-up with no documentation.
QUICK AND EASY PROCESSING & APPROVAL for Car Loan
- Check your new HDFC Car Loan eligibility online or at select branches in just 60 seconds.
- Enjoy a transparent, quick, and easy documentation process.
- Get a new car loan approval in just 10 minutes.
(Loans processing and disbursement will take at least 7 working days post submission of all required documents and information required by the bank)
HDFC is India’s bank based on market capitalization and also is the largest lender of assets among private sector banks.
Interest rate 7.30%-10.00%
Processing fee 0.4% of the loan amount of rs.10, 000 which eves are lower
Repayment 7 years
Loan amount up to 100%
Foreclosure charges nil
Monthly income 15,000