HDFC Car Loan Fees & Charges

Description of charges	New Car Loans
Cheque bouncing charges	Rs. 450
FC Charges	6 % of POS for preclosures within 1 year from 1st EMI 5% of POS for preclosures within 13-24 months from 1st EMI 3% of POS for preclosures post 24 months from 1st EMI No foreclosure allowed within 6 months from date of availing the car loan
Stamp Duty	At actuals
Late Payment Penalty	2% per month
Processing fees	Upto 2.5 Lacs : Rs.2000/- 2.51 to 4 lacs : Rs.3000/- > 4 Lacs :Rs. 3500/-
Agri /PSL Charges	Rs 2000
Cheque swapping charges	Rs 500/-
Loan cancellation / re-booking charges	Rs 1000/-
Bounce Cheque Charges	Rs 450/-
Statement Charges (per statement)	Rs 500/-
Duplicate Repayment Schedule charges	Rs 500/-
Legal, Repossession & Incidental charges	At actuals
Duplicate no due certificate / NOC	Rs 500/-
Transaction fees for Suraksha Kavach	Rs 500/- per case
Original RC Book Handling Charges	Rs. 500/- Per RC book

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.

HDFC Car Loan

HDFC New Car Loan

Be it an economical option to drive you to your office everyday, a luxury sedan to enjoy weekends with your family, or a monstrous SUV to unravel the traveller in you, car loans from HDFC make all your dreams come true in a hassle-free and easy process. Just fill in your requir ements and get varied options for repayment in easy monthly installments as you ride away in the car of your dreams.

 

Features & Benefits

• Covers the widest range of cars and multi-utility vehicles in India.
• Avail 100% finance on your favourite car.**
• Flexible repayment options, ranging from 12 to 84 months.
• Borrow up to 3 times your annual salary (for salaried professionals) and 6 times your annual income (for self employed professionals)*.
• Speedy processing - within 48 hours.
• Repay with easy EMIs.
• Attractive car loan plans - To Fastrack your loan, just choose the plan that is right for you.
• Attractive Interest rates
• Hassle-free documentation.
• Hassle-free documentation.
• If you are an HDFC Bank account holder, there are special rates for you.
• If you have had a Preferred Account or a Corporate Salary Account with HDFC Bank for more than six months, you can get fast approvals on your loans with minimal documentation.
• If you are an existing HDFC Bank Car Loan customer with a clear repayment of 12 months or more, the bank can Top-Up your car loan to the extent of the original loan value.
• *This would also vary with higher loan value
• Offers on specific models .Terms and conditions apply.