HDFC Car Loan

HDFC Car Loan Key Features – Jan 2021

About HDFC Car Loan

An HDFC 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 loans, 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 Loan

HDFC Car Loan Eligibility

HDFC Car Loan Interest Rate, Fees and Charges

HDFC Car Loan Documents Required

Salaried Individual

Self-Employed Individuals

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

2. Private Limited/Limited Companies

HDFC Car Loan 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 Loan 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:

1. 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.
2. 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.
3. 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 Loan Pre Calculated EMI

How to Apply for HDFC Car Loan?

1. Reach out Dialabank at https://www.dialabank.com and provide the information asked on the form.
2. Our Relationship Manager will contact you shortly to guide you through the HDFC car loan process.
3. Compare and select from various options available.
4. 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

FAQs for HDFC Car Loan

✅ What is HDFC Car Loan?

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 Loan in the most reliable manner.

✅ How does HDFC Car Loan work?

HDFC provides car loan by securing the new car bought as collateral against the loan. Apply for a 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 car loan rate starts from 7.50% per annum. Interest Rate is the cost of borrowing money, expressed as a percentage of the loan amount.

✅ How to Check the HDFC Bank Car Loan status?

Go to HDFC Bank’s official web handle and provide the important details regarding your loan i.e HDFC car loan details 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 check the HDFC car loan interest calculator?

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 HDFC Car Loan Payment or Prepayment?

 Foreclosure of HDFC car loan is 6% 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 Interest.

✅ 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 Loan 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 HDFC car loan 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 your HDFC Car Loan 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 Loan 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 Loan?

You can apply for EMI Moratorium on HDFC Car Loans directly from the 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 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?

For contacting HDFC Car Loan noc Customer Care all 9878981166 and clear any of your queries with us anytime.

✅ How can I get from HDFC Car loan NOC?

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

✅ What is the HDFC Car Loan closure procedure?

• Just go to the bank with the documents.
• Write a letter for pre-closure of the HDFC Car Loan account.
• Pay the pre-closure charges as per HDFC Car Loan.

✅ What are the HDFC Car Loan preclosure charges?

HDFC Car Loan preclosure charges are up to 6%+ GST.

✅ What is the HDFC Car Loan overdraft scheme?

For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at HDFC bank is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the HDFC online banking portal and from there you can fill out a simple form and get an overdraft under your name.

✅ What is the HDFC Car Loan maximum tenure?

The HDFC Car Loan maximum tenure is 7 years.

✅ What is the HDFC Car Loan minimum tenure?

The HDFC Car Loan minimum tenure is 1 year.