HDFC Car And Cash Loans

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

HDFC Car and Cash Loans Key Features

HDFC Car And Cash Loans Interest Rate 7.50%* per annum
Min Loan Amount ₹ 100,000
Max Loan Amount
(Loan to Value)
Loan up to 90% of On Road Price
or 100% of Ex-showroom Price
Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 1,622
Minimum Net Monthly Income ₹ 14,000
Minimum ITR for Self Employed ₹ 160,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 21 years to 65 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs).
Processing Fee Up to ₹ 10,000 Only
Foreclosure Charges No foreclosure are levied after the first 6 EMIs
6% from 7-12 months, 5% from 13-24 months, 3% after 24 months
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation

About HDFC Car and Cash Loans

HDFC Bank Limited is an Indian investment and monetary services company, headquartered in Mumbai, Maharashtra. Its first corporate department and a full-service branch at Sandoz House, Worli were initiated by the then Union Finance Minister, Manmohan Singh.

HDFC provides Car Loans at attractive rates of interest to the consumer for buying their dream car whether new or second hand. It is an easily available loan that can be procured by anyone even by ones who have a slightly low credit/CIBIL score.

Advantages of HDFC Car and Cash Loans

HDFC Car And Cash Loans

HDFC Car and Cash Loans Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be minimum ₹ 14,000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-65 years of age
  • Minimum ITR  – Rs. 60,000
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 60,000
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

HDFC Car and Cash Loans Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate 7.50% p.a. to 11.30% p.a. 14.80% p.a. to 16.80% p.a.
Processing fee 0.40% of the loan amount 1% of the loan amount or Rs.6,000, whichever is lower
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges No foreclosure are levied after the first 6 EMIs
6% from 7-12 months, 5% from 13-24 months, 3% after 24 months
No foreclosure are levied after the first 6 EMIs
6% from 7-12 months, 5% from 13-24 months, 3% after 24 months
Penal Interest 2% per month 2% per month
Part Payment charges 5% of the paid amount 5% of the paid amount
Cheque/Instrument Swap Charge Rs.500 per instance Rs.500 per instance
Documentation Charge Rs.500 per instance Rs.500 per instance
Issuance of Duplicate No Dues Certificate Charges Rs.500 per instance Rs.500 per instance
Registration Certification Collection Charge Rs.200 per instance Rs.200 per instance
Cheque Bounce/Instrument Return Charges Rs.500 per instance Rs.500 per instance
Issuance of Duplicate Statement Charges Rs.500 per instance Rs.500 per instance
Loan Cancellation/Re-booking Charges Rs.2,500 per instance Rs.2,500 per instance
Issuance of Credit Report Rs.50 per instance Rs.50 per instance

HDFC Car and Cash Loans Documents Required

Salaried Individual

Category Documents Required
Identity Proof

 

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof

 

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof

 

(Any 1)

Birth Certificate
Passport
Driving Licence
PAN
Signature Proof

 

(Any 1)

Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date
Appointment Letter
Letter of Relieving

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Business Proof Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents
List of Directors and Shareholding Partners
PAN Card
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

HDFC Car and Cash Loans EMI Calculator

The applicant has the option to know the EMI’s before availing a Car Loan. Thus, you can easily check through the link below:

Car Loan EMI Calculator

HDFC Car and Cash Loans Types

HDFC offers different types of car loans to its customers. You have the option of choosing the offer which suits your need the best. It offers the following types of Car Loans:

  1. New Car Loan –  Those who wish to buy a new car, this is the scheme for you. You can take HDFC Car and Cash Loan for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
  2. Used Car Loan – If you wish to buy a used car then you can choose this scheme which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
  3. Loan Against Car – You can opt for this scheme if you are in need of urgent funds where you can keep your cars as collateral with the bank where you can get Rs. 10 lakh or up to 50% of your car’s value.

HDFC Car and Cash Loans Pre Calculated EMI

How to Apply for HDFC Car and Cash Loans?

  1. Visit Dialabank and fill a form.
  2. Wait for a call from our Relationship Manager who will guide you throughout the process.
  3. You can compare different offers from banks and choose the one which suits your needs.
  4. Thus, easily apply for a Car Loan through Dialabank and enjoy the best offers.

HDFC Car and Cash Loans for Top Selling Cars

Other Available Products from HDFC

HDFC Personal Loan HDFC Gold Loan HDFC Home Loan
HDFC Credit Card HDFC Two Wheeler Loan HDFC Education Loan

FAQs for HDFC Car and Cash Loans

What is HDFC Car and Cash Loan?

HDFC Bank car loan is a loan sum provided by the bank on your new or used car.

How can I get a Car Loan from HDFC?

  1. Visit Dialabank and fill a form.
  2. Wait for a call from our Relationship Manager who will guide you throughout the process.
  3. You can compare different offers from banks and choose the one which suits your needs.
  4. Thus, easily apply for a Car Loan through Dialabank and enjoy the best offers.

✅ How does HDFC Car Loan work?

When you will apply for a car loan, then you will get a call from our representative and then, there will a document verification process. Then, the loan amount will be credited to your account.

✅ What is the Car Loan Interest Rate in HDFC Bank?

The interest rate on a car loan in HDFC bank is 7.50% only.

✅ How to Check Car Loan status in HDFC?

You can track your car loan status online on the Car loan status website.

✅ How to Calculate Car Loan Interest in HDFC Bank?

Use Dialabank’s EMI calculator to find out the interest as well as the EMI on your loan.
 

What is the maximum loan amount I can avail of on Car Loan from HDFC Bank?

The maximum loan amount consumer can avail is up to 90% of the on-road price of the car.

What is the loan tenure of HDFC Car and Cash Loan?

The loan tenure of the HDFC Car and Cash loan is a maximum of 7 years.

✅ Can I get a 100% Car Loan from HDFC Bank?

Yes, you can get a 100% of Ex-showroom Price car loan from HDFC.

How much Processing Fee is applicable to HDFC Bank Car Loan?

HDFC Bank charges a processing fee of 0.40% of the loan amount

✅ What are the EMI options available on the HDFC Car and Cash loan?

HDFC Provides two EMI options Step-up EMI and Balloon EMI.

What are the charges for Prepayment in HDFC Car and Cash Loan?

You can prepay/foreclose your HDFC Car Loan. No foreclosure is levied after the first 6 EMIs.
6% from 7-12 months, 5% from 13-24 months, 3% after 24 months is charged.

Can I get a top-up loan on my existing HDFC Bank car loan?

You can get a top-up loan on your current car loan from HDFC Bank for up to 150% of its value.

Do I need to provide a guarantor to avail a car loan from HDFC Bank?

Generally, you don’t need a guarantor for a car loan. However, you may need a guarantor if you don’t fulfill the eligibility criteria.

How to get HDFC Bank Car Loan Statement?

Get the statement in person by visiting your branch and requesting a detailed statement.

                                                       or

You can get the statement online. To do this, you should have HDFC internet banking activated.

How to Pay HDFC Car Loan Interest Online?

Simply logon to online HDFC payment to ‘see and pay’ your bills. You also get an electronic acknowledgment for every bill paid by you using e-PAY. You can also pay through Paytm.

What if I can’t pay the interest on HDFC Car Loan for 3 months?

HDFC imposes 24% of the exceptional amount or a Fee ranging from Rs.500 to Rs.5000 for not paying the EMI for 3 months.

How can I apply for EMI Moratorium on HDFC Bank Car Loan?

You can apply for EMI Moratorium on HDFC Car Loans directly from the HDFC website’s Loan corner.

✅ What is the number for the HDFC Car Loan agent?

Call Dialabank at 9878981166 as it is one of the most trusted HDFC Car Loan agents. Dialabank even ensures the best offers on your Car Loan.

✅ Can I close the HDFC car loan online?

HDFC car Loan can be closed by visiting the nearest branch and clearing off the outstanding amount.

✅ What is HDFC Car Loan Customer Care Number?

Call 9878981166 and clear any of your queries with us anytime.

✅ How can I get NOC from HDFC Bank for a Car loan?

You can get NOC directly from the branch for HDFC Car Loans.

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