HDFC Bank Car Loans

Find details of hdfc bank car loan through HDFC Bank EMI calculator. Just enter the loan amount of car you want to get financed and rate of interest. HDFC Bank EMI calculator automatically calculates the installment on reducing balance and it does not have any other processing fee.

Also see : Car Loan Emi Calculator

Bank Name : HDFC Bank

New Car Loan Rates

Tenure	3 Years
Down Payment	9.75%
Processing Fee	0.4% / 10000, whichever is lower
Interest Rate	7.65%
Document Charges	Rs.350

HDFC Bank avails you with host of services and facilities online with which you can get car loan approval in an easier way. The customers who are dreamt of owning their desired car will turn their dream into reality via the golden opportunity provided by HDFC Bank. The eligibility criteria set by the bank that any individual having minimum gross income of Rs. 1.00 lakh per annum erases the hindrance that only silver-spooned can purchase the latest available cars. The bank even churns out the repaying capacity of an individual who had applied for loan by extending the tenure up to 8 years for new car while it is 5 years for used cars. Vicky. in proves to be the powerful tool through the provision of accurate information on processing fee, documentation charges, EMI amount of such banks

Loan Eligibility Calculator

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HDFC Bank Car Loan eligibility, Interest Rate, documents and process

Eligibility Required for HDFC Bank Car Loan:

Salaried employee

Self employed individual

Self employed (Partnership Firms)

Self employed (Private Limited Companies)

Self employed (Public Limited Companies)

Be between the age of 21 years (at the time of application) and <= 65 years (at the end of the loan tenure)

Have had a job for at least 2 years, and a minimum of 1 year with your current employer

Earn at least an income of Rs. 1,00,000 annually, including the income of your spouse

Have a telephone at your residence

Be between the age of 21 years (at the time of application) and <= 65 years (at the end of the loan tenure)

Be in business for at least 3years

Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least Rs. 1,00,000 per annum for mid-sized and premium cars.

Have a telephone at your residence

Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least Rs. 1,00,000 per annum for mid-sized and premium cars

Have a minimum turnover of Rs. 4,50,000 per annum

Have a landline at your office and residence.

Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least Rs. 1,00,000 per annum for mid-sized and premium cars

Have a minimum turnover of Rs. 4,50,000 per annum

Have a landline at office

Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least Rs. 1,00,000 per annum for mid-sized and premium cars

Have a minimum turnover of Rs. 4,50,000 per annum

Have a landline at office

Documents Required for HDFC Bank Car Loan:

Salaried employee	Self employed individual	Self employed (Partnership Firms)	Self employed (Private Limited Companies)	Self employed (Public Limited Companies)
Proof of Identity: Passport copy, PAN Card, Voters Id card, driving licence( Laminated, Recent, Legible) Income Proof: Latest salary slip with form 16. Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card. Bank Statement: Not mandatory	Proof of Identity: Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible) Income Proof: Latest ITR Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card Bank Statement: Waived for small cars, for mid – sized and premium cars if income is greater than Rs. 1.5 Lakhs then bank statement requirement can be waived.	Proof of Identity: NA Income Proof: Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company Address Proof: Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate Bank Statement: Waived for small cars, for mid – sized and premium cars if income Is greater than Rs. 1.5 lacs then bank statement requirement can be waived	Proof of Identity: NA Income Proof: Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company Address Proof: Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate Bank Statement: NA	Proof of Identity: NA Income Proof: Audited balance sheet, Profit & Loss Account for latest two years Address Proof: Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate Bank Statement: NA