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HDFC Bank Car Loan

HDFC Bank Car Loan

It is one of the go-to banks when it comes to new and used car loans. The drive comes with the fact that the bank has numerable tie-ups with authorized pre-owned car dealers. This makes the customers to choose the bank for car loans without further hesitation. Simple documentation, 100% funding of the used car’s on-road price, quick approvals and early disbursements. Not to forget the home services for documents and cheques collection

HDFC BANK Car Loan Fees and Interest Charges

Interest Rate : 13.05% to 14.99%

Processing Fees : Rs 2500

Loan Tenure : 1-7 YEARS

Guarantor  : NOT REQUIRED

Pre-closure Charges :  3% of foreclosed amount if within in two years and 2% in year three. No foreclosure fee charged from fourth year onwards

Check the factors first

Minimum Rs 10,000 per month income required

Finances  up to 85 % of  the car value

Any other EMI can lower down your eligibility

Know if you’re eligible for the loan

Minimum entry age: 21 years

Maximum age: 65 years

Income: Salaried & self employed

Why don’t you increase your loan eligibility?

Choose longer tenure for 7 year eligibility maximisation.

Credit card bill need to be clear

What are the documents needed?


1. Application form with photograph duly signed

2. Processing fees

3. Latest  6 months Statement of bank account

4. ID Proof with Photo

5.Address Proof with Photo

6. Documents required for self employed

  • Proof of business existence
  • Last 3 years Income tax returns with computation of income
  • Last 3 years balance sheet and Profit /loss statement duly certified by CA

7. Documents for salaried

  • Income Tax statement or Form 16
  • salary slip of latest three month