HDFC Car Loan Eligibility Intrest Rates

Eligibility and Documentation for HDFC Car Loan

Salaried Individuals	Self Employed
Minimum age of Applicant: 21 years	Minimum age of Applicant: 21 years
Maximum age of Applicant at loan maturity: 58 years	Maximum age of Applicant at loan maturity: 65 years
Minimum employment: 1 year in current employment and minimum 2 years of employment	Minimum employment: Atleast 3 years in business
Minimum Annual Income: Rs 100000 net annual income	Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
Telephone: Must at residence	Telephone: Must at residence
Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)	Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
Income Proof:- Latest salary slip with form 16.	Income Proof:- Latest ITR
Address Proof:- Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card.	Address Proof:- Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card
Bank Statement:- Not mandatory	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.