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HDFC Bank

HDFC Bank

Overview

Just decide on the make & model, and the HDFC New Car Loan will bring it to your driveway in no time.Covers the widest range of cars and multi-utility vehicles in India. 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 and better Interest Rates.

Loan Feature

Loan Amount Borrow up to 3 - 6 times your annual income. Avail up to 100% finance on your favorite car**
Interest Rate Information not available
Tenure 12 to 84 Months
Pre Payment Charges 3% to 6% after six months of availing the loan
Service Charges

Processing Fee:

Up to 2.5 Lakhs : Rs.2825/-

Over Rs. 2.5 Lakhs up to 4 Lakhs : Rs.3650/-
Over Rs. 4 Lakhs to 5 Lakhs : Rs.4100/-
Over Rs. 5 Lakhs up to 10 Lakhs : Rs.4450/-
Over 10 Lakhs : Rs.4950/-

Over Rs. 2.5 Lakhs up to 4 Lakhs : Rs.3850/-

Over Rs. 4 Lakhs to 5 Lakhs : Rs.4300/-

Over Rs. 5 Lakhs up to 10 Lakhs : Rs.4650/-

Over 10 Lakhs : Rs.5150/-

 

Eligibility Criteria : Car Loan

  Salaried Self
Age 21-65 Years 21-65 Years
Income Minimum Rs. 100000 p.a including the income of spouse Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
Job Experience 1 year in current employment and minimum 2 years of employment Atleast 3 years in business
Residence Proof Telephone: Must at residence Telephone: Must at residence ; Private & Public Limited Company:Telephone-One phone at least at business

Docs Required : Car Loan

  Salaried Self
ID Proof Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible) Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
Address Proof Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card. Self Employed:Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card;Partnership Firms & Private Limited Company : Telephone Bill/Electri
DOB Proof Birth Certificate or 10th Class Passing Certificate Birth Certificate or 10th Class Passing Certificate
Financial Docs

Salaried Individual:

  • Income Proof:- Latest salary slip with form 16.
  • Bank Statement:- Not mandatory

Self Employed Individuals:

  • Income Proof:- Latest ITR
  • 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.

Partnership Firms:

  • Income Proof:- Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company
  • 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

Private Limited Company:

  • Income Proof:- Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company
  • Bank Statement:- NA

Public Limited Company:

  • Income Proof:- Audited balance sheet, Profit & Loss Account for latest two years

 

 

Other Charges : Car Loan

 

Description of Charges

New Car Loans

FC Charges

6 % of POS for preclosures within 1 year from 1st EMI

5% of POS for preclosures within 13-24 months from 1st EMI

3% of POS for preclosures post 24 months from 1st EMI

No foreclosure allowed within 6 months from date of availing the car loan

Stamp Duty

At actuals

Late Payment Penalty

2% per month

Cheque swapping charges

Rs 500/-

Loan cancellation / re-booking charges

Rs 1000/-

Loan Reschedulement charges

As applicable at the time of reschedulement

Special NOC

Rs.500/- per request

Duplicate Repayment Schedule charges

Rs 500/-

Legal, Repossession & Incidental charges

At actuals

Duplicate no due certificate / NOC

Rs 500/-

Transaction fees for Suraksha Kavach

Rs 500/- per case

Products offered by HDFC Bank

Need Help in Choosing the right Loan/Insurance?

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Testimonial

I have alredy got one house loan deal though Loanboss.com. After my pleasant experience with the site, I have also suggested my relatives and friends to apply for any loan in future through this website only. I love the way you give details of every information that a person needs before going for a loan.

Thanks Loanboss :)
Amardeep

 

- Amardeep

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