HDFC Bank offers quit easy car loan for both new and used cars. Interest rate in 2 minutes
HDFC Bank Car Loan Features & Benefits
· HDFC bank provide car loans for both new and used cars
· It Hide the widest range of cars and multi-utility vehicles in India
· profit 100% finance on specific car models
· Speedy activity - within 48 hours
· for car loan doorstep service applicants
· There is a special rate for HDFC Bank account holders. Very minimal documentation for HDFC Bank Salary account holders
HDFC Bank Car Loan provide Eligibility conditions
· Age range : the person should be 21-58(Salaried), 21-65(Self Employed)
· Minimum Experience: the person should have minimum 3 years in business(Self Employed), 2 years in employment and minimum 1 year in the current organization (Salaried)
· Minimum income : Rs. 60000 annual income for standard cars, Rs 1 lakh annual income (Salaried) and Rs. 1 lakh income for premium cars (Self employed professionals and individuals)
· Telephone: Must have phone or mobile at residence
Details of HDFC Bank Car Loan Details of HDFC Bank Car Loan. Use our calculator to compare offer from multiple banks
Description of charges
Interest Rate (Monthly reducing balance) 8.5% set to 10.75% fixed
Processing Fees Up to Rs. 3,650
Loan Tenure 1 year to 7 years
Pre-closure Charges 6 % of foreclosed amount in year one. 5% in year two. . 3% after wards Foreclosure not allowed for first 6 months
Loan Amount Varies based on car model. Up to 100% financing for pre-
approved customers
Guarantor Requirement No guarantor required
Documents
- Proof of Identity : PAN card or driving licence or Passport or voter's card and photograph
- Proof of Residence : latest electricity bill or driving license or Ration card or passport or latest telephone receipt or latest credit card bill bank statements
- Income evidence : most recent salary slip with Form 16(Salaried) or latest Income Tax Return (Self employed)
- Bank report : Not required for small cars, for mid-sized and premium cars if income is greater than Rs. 1.5 lacks then bank report not needed