HDFC Car Loan

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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 Loan Key Features

HDFC Car Loan Interest Rate	7.35%* 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	₹ 20,000
Minimum ITR for Self Employed	₹ 2,00,000
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	0.40% of the principal amount
Foreclosure Charges	6% (7-12 months)
Basic Documentation	Address Proof, Bank Statement, Car Quotation and ID Proof

About HDFC Car Loans

An Indian Bank and Financial Institution with more than 1 lakh 5 thousand employees across the nation, HDFC bank is India’s largest private sector bank by assets headquartered in the beautiful city of Mumbai. Incorporated in 1994, HDFC Bank merged with Times bank in 2000.

HDFC Bank deals with a long chain of products such as treasury, auto loans, two-wheeler loan, credit cards etc.

HDFC Bank provides the customers with Car Loans also for helping them by their dream car at very fantastic interest rates. Individuals with slightly low CIBIL Score can also avail this loan quickly.

Advantages of HDFC Car Loans

HDFC Car Loans Eligibility

Salaried Individual	Age – 21 years to 60 years Net Monthly Income – Minimum ₹ 20,000 Employment Duration – 1-year minimum Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals	Age – 21-65 years of age Minimum ITR – Rs.2 lakh Employment Duration – Minimum 3 years Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)	Minimum ITR – Rs. 2 lakh Employment Duration – 3 years minimum The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers	At least 6-month vintage Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters

HDFC Car Loans Interest Rate, Fees and Charges

Charges	New Car Loan	Used Car Loan
Interest Rate	7.35%	14.80% p.a. to 16.80% p.a.
Processing fee	0.40%	0.40%
Issuance of Duplicate Repayment Schedule Charges	Around Rs.500	Around Rs.500
Foreclosure Charges	6%	6%
Penal Interest	2% PM	2% PM
Part Payment charges	6% of the amount	6% of the amount
Cheque/Instrument Swap Charge	Around Rs.500	Around Rs.500
Documentation Charge	Around Rs. 500	Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges	Around Rs. 500	Around Rs. 500
Registration Certification Collection Charge	Around Rs. 200	Around Rs. 200
Cheque Bounce/Instrument Return Charges	Around Rs. 500	Around Rs. 500
Issuance of Duplicate Statement Charges	Around Rs. 500	Around Rs. 500
Loan Cancellation/Re-booking Charges	Around Rs. 1000	Around Rs. 1000
Issuance of Credit Report	Around Rs. 50	Around Rs. 50

HDFC Car Loans Documents Required

Salaried Individual

Category	Documents Required
Identity Proof (Any 1)	Passport Voter ID Aadhar Card Driving License
Address Proof (Any 1)	Aadhar Card PAN Driving License Electricity Bill
Date of Birth Proof (Any 1)	Passport Birth Certificate High School Marksheet Driving Licence
Signature Proof (Any 1)	PAN Bankers Verification Passport
Income Proof	Salary Slip and latest Form No.16
Bank Statement	Last 6 month Bank statement
Employment Continuity Proof	Job card by NREGA ITR of Form no. 16 Salary Slip mentioned with joining date Letter of Appointment

Self-Employed Individuals

Category	Documents Required
Identity Proof (Any 1)	PAN Card Passport Voter ID Aadhar Card
Address Proof (Any 1)	PAN Card Voter ID Passport Electricity Bill
Date of Birth Proof (Any 1)	Birth Certificate Passport Driving Licence PAN
Signature Proof (Any 1)	Bankers Verification PAN
Income Proof	Salary Slip
Bank Statement	Bank statement of last 6 months
Employment Continuity Proof	Latest ITRs Shop & Establishment Act Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate
Business Proof	Registration Certificate Telephone Bill/Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category	Documents Required
Identity Proof (Any 1)	Driving Licence PAN Card Aadhar Card Passport
Address Proof (Any 1)	Electricity Bill/Telephone Bill Aadhar Card Driving License Voter ID
Income Proof	Audited Balance Sheet P&L Account ITR for the previous 2 years
Bank Statement	Last 6 month
Business Continuity Proof	Company ITR of the last 2 years Audited Balance Sheet TAX registration Certificate Current Account Statement
Additional documents	Letter of Authority or PAN Card

2. Private Limited/Limited Companies

Category	Documents Required
Identity Proof	The latest copy of MOA and AOA Copy of Incorporation
Address Proof (Any 1)	SSI/MSME Registration Certificate Telephone Bill Electricity Bill Shop & Establishment Act Certificate Sales Tax Certificate
Income Proof	Audited Balance Sheet P&L Account and ITR for the previous 2 years
Bank Statement	Previous 6 Months
Business Continuity Proof	P&L account and ITR of the Company of the past 2 years Audited Balance Sheet Shop & Establishment Act Certificate
Additional documents	List of Shareholding partners and Directors Board Resolution PAN Card Certificate of Commencement of Business for Ltd. Co.

HDFC Car Loans EMI Calculator

The applicant can calculate its EMI on the Car Loan before even availing it by following the address below:

Car Loan EMI Calculator

HDFC Car Loans Types

There’s a long list of Car Loan Products provided by HDFC Bank. Choose among them according to your desires. Lit of Car Loan provided by HDFC Bank:
Axis Bank 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:

New Car Loan – Applicants looking to buy a new car can go for this. You can get a car loan for a minimum amount of Rs. 1 lakh and tenure up to 7 years.
Used Car Loan – Individual wanting to buy used cars can avail Used Car loan with a minimum amount of Rs. 1 Lakh and tenure of 5 years.
Loan Against Car – Applicants with the urgency of funds can go for this loan by providing their car as a gage and getting loan amount against it.

HDFC Car Loans Pre Calculated EMI

How to Apply for HDFC Car Loans?

Reach out Dialabank at http://www.dialabank.com and provide the information asked on the form.
Our Relationship Manager will contact you shortly to guide you through the process.
Compare and select from various options available.
Applying for Car Loan with Dialabank helps you avail the various offer.

HDFC Car Loans for Top Selling Cars

Other Available Products from HDFC Bank

HDFC Two Wheeler Loan	HDFC LAP	HDFC Education Loan
HDFC Gold Loan	HDFC Home Loan	HDFC Business Loan

FAQs for HDFC Car Loans

✅ What is HDFC Car Loans?

HDFC Car Loans is financial support provided by the bank to its customers to buy their dream car.

✅ How can I get Car Loan from HDFC Bank?

Apply with Dialabank to get HDFC Car Loans in the most reliable manner.

✅ How does HDFC Car Loans work?

HDFC provides car loan by securing the new car bought as collateral against the loan. Apply for Car Loan with the necessary documents and park a new car in your parking while repaying the loan amount in easy EMIs. However, A minimal Rate of Interest is charged against the loan.

✅ What is the Car Loan Interest Rate in HDFC?

HDFC charges Car Loan Interest Rates starting from 7.35% per annum. Interest Rate is the cost of borrowing money, expressed as a percentage of the loan amount.

✅ How to Check Car Loan status in HDFC?

Go to HDFC Bank official web handle and provide the important details regarding your loan and get the status of the same in seconds. You can contact the nearest branch also for knowing the status of your Car Loan.

✅ How to Calculate Car Loan Interest in HDFC?

Use Dialabank EMI Calculator to calculate Interest Rate as well as EMI. Follow the link below to direct yourself to the calculator:
Dialabank Calculator

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

You can avail Loan up to 100% of the vehicle’s Ex-Showroom price.

✅ What is the loan tenure of HDFC Bank Car Loan?

Loan tenure of HDFC Car Loan is 1 Year to 7 Years in case of New Car and 1 Year to 5 Years in case of Used Cars.

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

Yes, you can get 100% Car Loan from HDFC Bank on the Ex-Showroom price of the vehicle.

✅ How much Processing Fee is applicable on HDFC Car Loan?

HDFC Car Loan charges 0.40% of Principal Amount as the Processing Fee which can go up to a maximum amount of Rs.10,000.

✅ What are the EMI options available on HDFC Bank car loan?

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

✅ What are the charges for Prepayment in HDFC Car Loan?

HDFC imposes 6% of Foreclosure charges for the prepayment of the loan/paying off the loan before the tenure ends.

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

HDFC provides Zero paperwork Top-up instantly against existing Car Loan on a fixed reducing Rate of Interests.

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

A big NO, HDFC doesn’t ask for any guarantor to avail Car Loan.

✅ How to get HDFC Car Loans Statement?

Get your HDFC Car Loan statement by following the mentioned steps:
1. Go on to HDFC Bank official website.
2. Login to “Loan Status” with your login credentials and get the statement.
OR
You can directly visit the nearest branch for your Loan Statement.

✅ How to Pay HDFC Bank Car Loans Interest Online?

Pay you HDFC Car Loans Interest directly through HDFC Bank’s website and by providing your Loan Account Number and pay using Net Banking or Debit/Credit Cards. You can also use Paytm for paying your HDFC car Loan Interest.

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

HDFC charges 24% of the outstanding 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 Car Loans?

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

✅ What is the number for 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 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 Car loan?

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