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What is HDFC Bank Car Loan?

HDFC Bank Car Loan designed for those who wish to finance a car for the personal use. It is the way you can borrow money from future. A car loan can give you immediate use of the car of your choice in exchange for regular payments over a particular period of time.

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What is HDFC Bank Car Loan Interest Rates Delhi?

In India Today, HDFC Bank Car Loan Interest Rates are among the most attractive rates. Our Car Loan Rates that you pay every month to make sure. HDFC Bank car loan repayment installments where capital and loan interest rates are for the duration of breaks in the minimum interest rate the Bank base rate system is by following their clients are able to charge.

 

                                         Bank

New Car Loan Interest Rates

  Used Car Loan   Interest Rates

    Processing Fee

HDFC Bank Car Loan Interest Rates Delhi

      11.25-12.25%

15.75% to 18.25%

Rs 2300 to Rs 4300


 

Facts about HDFC Bank Car Loan Interest Rates Delhi

Some facts about HDFC Bank Car Loan Interest Rates in Delhi are as follows:

  •  If you have a good credit score, you can easily get a good car loan interest rate.
  •  If the car loan is repaid over a large number of installments, then the rate of interest and grand total of the interest paid are higher.   
  •  Interest rates are lower for secured a Car Loan and higher for unsecured Car Loan.

 

HDFC Bank Car Loan Interest Rates Delhi: Different Types

Low HDFC Bank Car Loan Interest Rates – Low HDFC Bank Car Loan Interest Rates are the most suitable type of car loans that you can ever be granted approval for low interest car loans are very flexible and easy to repay or pay back. A low interest car loan is usually given out to car loan consumer that has a good credit report.

High HDFC Bank Car Loan Interest Rates- High HDFC Bank Car Loan Interest Rates normally comes with a high interest rate. The interest rate of a high interest car loan is high because it is normally fixed at an amount that most car loan consumers cannot afford.

Fixed HDFC Bank Car Loan Interest Rates - Fixed HDFC Bank Car Loan Interest Rates is normally on the average and fixed at an amount that most consumers and borrowers can afford.

 

HDFC Bank Car Loan Interest Rates Delhi: Key Features & Benefits

Following are the features and benefits of HDFC Bank Car Loan Interest Rates in Delhi:

HDFC Bank car loan products that comply with specific pain and hassle out of buying a car take. Flexible, transparent, quick and cost-effective, our car loan back to owning a car in joy.

  • HDFC Bank Car Loan provides the Payments can be arranged to suit your requirements.
  • HDFC Bank Car Loan Interest Rates most benefit is Cost like Registration cost, Road cost, Loan insurance & Comprehensive vehicle insurance may be  able to be financed on the loan contract.
  • For repayment, you can choose monthly to pay during normally terms range from 12 to 60 months.
  • A deposit may not be required, moreover if you do, maybe you will receive some benefits like cheapest lower repayment or shorter term.
  • Attractive interest rates on car loans.
  • Car loan paid and self employed individuals, proprietorships and partnerships in firms/companies available.
  • Up to 100% financing for your commercial vehicles.
  • A customized EMI repayment structure as well as take advantage of the best interest rates.

 

HDFC Bank Car Loan Interest Rates Delhi Determination

By the following method HDFC Bank determined the car loan interest rates in Delhi:

Interest rate is determined when investment is equal to savings in the economy. Interest rate is actually calculated on monthly basis. The four factors should be balance to reach the equilibrium interest rate. These are: demand and supply for money, savings and investments.

 

HDFC Bank Car Loan Interest Rates Delhi: Loan Features

Details of HDFC Bank Car Loan Interest Rates Delhi are:

  •     Minimum loan amount: Rs.90% of ex-showroom price of the car
  •     Maximum loan amount: Rs.1 Lakh
  •     Minimum loan tenure: 1 year
  •     Maximum loan tenure: 7 year(s)
  •     Interest Type: Fixed

 

HDFC Bank Car Loan Interest Rates Delhi: Fees and Charges

Following are fees and charges offered by HDFC Bank Car Loan Interest Rates:  

  •     Rate Type:  Monthly reducing.
  •     Processing Fees:  Rs 3000-4000 + 1% of the loan amt.
  •     Prepayment Charges:  5% to 10% of Principal Outstanding.
  •     Loan to Value Ratio:  90%

 

HDFC Bank Car Loan Interest Rates Delhi: Important Factors

Following are the factors which determine HDFC Bank Car Loan Interest Rates:

  •    Relationship with the bank you intend to take a loan from.
  •    Company status.
  •    Income.
  •    Credit and payment history.

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HDFC Bank Car Loan Delhi: Eligibility

Following are the Eligibility of HDFC Bank Car Loan:

Car Loan applicants on the basis of eligibility criteria for self-employed individuals are paid and volumes for each residence, income and various documents for signature verification, such as the various details of proof to be submitted as necessary.

Salaried individuals

  •     The applicant's minimum age: 21 years.
  •     Car Loan applicants at maturity of age: 60 years.
  •     Minimum employment: 1 year 2 years of current employment.
  •     Gross domestic income i.e. spouse's income, including: 100,000 rupees net annual income.
  •     Telephone: housing must be on.

Self employed individuals

  •    The applicant minimum age: 21 years.
  •    Car Loan applicants at maturity of age: 65 years.
  •    Minimum employment: at least 3 years
  •    Minimum annual income: RS. 60, 000.
  •    Telephone: housing must be on.

 

HDFC Bank Car Loan Delhi: Required Documents

Salaried individuals

  • Age proof: passport copy, one of Pan card, voter ID card, driving license photo birth date (laminated, recently, legible), DOB, employer Certificate/ID, school/college leaving     certificates with photo ration card.
  • Proof of identification: Passport, Pan Card, voter ID card, driving license, date of birth, photo.
  • Income proof: latest form 16/latest ITR along with the latest pay slip pay corporate salaries HDFC Bank account details RS. 8000 above credit for three months.
  • Address proof ration card with photo: date of birth, passport copy, telephone bills, electricity bills, credit card statements, and credit card copy of driving license with photo with  any one employer Certificate/ID.
  • Signature verification proof: Passport, driving license date of birth (laminated, recently, legible), credit card, credit card copy, along with a statement of the banker's photo verification.

Self employed individuals

  • Age proof: passport copy, one of Pan Card, voter's ID, birth date (laminated, recently, legible) driver's license photo, photo ID or certificate, DOB employer/school/college leaving with ration cards.
  • Proof of identification: Passport, Pan Card, voter's ID cards, photo birth date (laminated, recently, legible) driver's license or birth date of the ration card with photo.
  • Income proof: latest ITR/adv. tax payment of invoices in the past with ITR/latest it assessment order.
  • Address proof ration card with photo: date of birth, date of birth, passport copy, telephone bill, electricity bill, credit card copy or with credit card statements of the employer with a certificate of the photo driver's license/ID.
  • Signature verification proof: Passport, driving license date of birth (laminated, recently, legible), credit card, credit card copy, along with a statement of the banker photo verification.

 

 

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