If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
  • HDFC Bank Car Loan Diwali Offers is Rated as "Excellent!" by 7899 Users

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    HDFC Bank Car Loan Diwali Offers

    Diwali is the most auspicious time to start something new and what can be better than buying a brand new car on this day. This is the time when car manufacturers, banks, and other financial companies offer lucrative discounts and deluge you with complimentary gift vouchers. Just grab this opportunity and buy the lavish car that you have been eyeing in the showrooms for a long time.

    To fulfil your desire of buying the dream car, HDFC Bank is providing car loans at a reasonable interest rate this festive season. The bank will finance for up to 100% of the total cost of the car that you want to purchase. The interest rate of the loan is fixed between 9% p.a. and 10.25% p.a. for new car and from 11.50% p.a. to 17.50% p.a. for pre-owned car purchases depending on the segment of the vehicle. The rate of interest has be fixed in order to shield the borrowers from unpredictable market fluctuations. While applying for the loan, the borrower needs to pay only a one-time processing fee which can be anything within Rs.10,000 based on the loan amount. Moreover, there are customised special offers and benefits for the existing customers who are planning to buy a new or pre-owned car on Diwali.

    That’s not all. If you apply for the HDFC Bank car loan through BankBazaar web portal, you will get a 30-minute approval, and immediately after the disbursal of the loan, you will receive special Diwali gifts and offers.

    Key Features of HDFC Bank Car Loan

    Car loan offered by HDFC Bank features a plethora of amazing benefits which makes it a lucrative option for all the interested buyers. These are:

    • From HDFC Bank, you can get a minimum loan amount of Rs.1 lakh and maximum Rs.3 crore with pocket-friendly EMI option for the purchase of a car.
    • The borrower can get finance on the purchase of new as well as pre-owned cars under HDFC Bank car loan scheme.
    • You will get flexible repayment options and can choose any tenure between 1 year and 7 years.
    • Borrowers need to pay a one-time processing fee. The amount depends on the loan amount and it can go up to a maximum of Rs.10,000.
    • There is no requirement of any collateral and guarantor to avail this loan.
    • After the first 12 months, the bank allows part-payment of the loan at a minimal charge.
    • The rate of interest is lower than the normal market rates and ranges between 9% p.a. and 10.25% p.a. for a new car purchase and from 11.50% p.a. to 17.50% p.a. For buying a pre-owned car.
    • To get approval, salaried individuals need to be within 21 years to 60 years of age and self-employed persons should be between 25 years and 65 years.
    • Salaried and self-employed individuals who have a minimum income of Rs.2.5 lakh p.a. are eligible to apply for a car loan from HDFC Bank. You can also co-apply with your spouse and combine his or her income to get the eligibility.
    • In case of partnership firms, the minimum turnover should be Rs.4.5 lakh in order to be able avail this loan.
    • 2 years of job tenure with minimum 1 year of experience with current employer is required in case of salaried persons. For self-employed individuals, minimum 2 years of business experience is required.
    • In addition to your car loan, you can also apply for a top-up loan from HDFC Bank.
    • Applicants need not go to the bank personally as the bank offers doorstep services to the customers.

    Car Loan Reviews

    • HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with HDFC bank previously,they gave me loan amount based on the vehicle price,and the rate of interest they have charged me was nominal,and even they have charged me processing fee which was okay,now i have closed this loan.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Mar 23, 2019
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The loan amount was satisfactory, I pay an EMI on time. The tenure period is for good . Overall it was a very good loan experience e with the HDFC .It was a super fast loan experience. I took a car Loan from the HDFC BANK . The whole loan process was easy and super fast.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 23, 2019
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my car loan with HDFC bank for an while,The loan amount which they have given me was sufficient,they have given me loan on basis of my requirement,and the rate of interest they have charged me nominal, and the processing fee they have charged or not i have no idea,still this loan is running.
      Was this review helpful? 2
      , chennai
      Reviewed on Mar 15, 2019
    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this Car loan a long time back and the experience i had with them was quite good. The loan amount was sufficient and the interest rate with them has been nominal as well. There has not been any extra charges which they had made and the customer support team of them has been helpful.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Mar 14, 2019
    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this loan a long time back and the process in getting this loan was pretty good. The loan amount which they had provided was sufficient and the interest rate with them has been quite nominal as well. Even their customer support team has been pretty much helpful.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 12, 2019
    • HDFC Bank Car Loan
      "easy disbursement"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from Hdfc Bank. The loan amount was Rs. 4 lakhs. They have provided door step service for the documentation collection its really good. They Have disbursed the loan amount to the dealer on committed on time.I am happy with the rate of interest 9.40%. I have taken a car model Tata Tigior xt.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Mar 11, 2019
    • HDFC Bank Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had taken this loan a long time and it was offered through my company. The process in getting the loan was pretty easy and the loan amount which they had provided was sufficient. The interest rate and the charges with them has been as per the market rate and they had not taken any extra charges.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Mar 11, 2019
    • HDFC Bank Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with HDFC bank.The loan amount which they have charged me was sufficient,and the rate of interest they have charged me was nominal , like they have charged me which was nominal, and they have charged me processing fee or not i do not remember now.
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 11, 2019
    • HDFC Bank Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have previously taken the car loan with the HDFC BANK but the documentations was too much and the process of getting the car loan was good. They have provided the loan amount which was nominal added on that the rate of interest was nominal with this loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 10, 2019
    • HDFC Bank Car Loan
      "Good comfortable loan"
      0.5 4.0/5 "Great!"
      I find it a big Communication gap between me and HDFC customer care people .When i applied for a car loan in HDFC. They took a little extra days rather than normal time for sanctioning . I purchased the HYUNDAI EON 2017 model .Rate Of Interest is very comfortable,
      Was this review helpful? 0
      , gurgaon
      Reviewed on Mar 09, 2019
    • HDFC Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      my experience was good with HDFC four wheeler insurance. I opened last 6 month my four wheeler and no claim just now i am not aware the premium amount for this insurance there is no claim experience so for and i am happy with hdfc insurance for my four wheeler.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Mar 08, 2019
    • HDFC Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with this loan was quite good and the process did not took much time as well. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal when compared with the other banks. There has not been any sort of extra charges which they had made as well.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 08, 2019
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had previously taken my car loan with HDFC bank ,now i have done top up with other bank, The loan which they have given me was sufficient, and the rate of interest they have charged me was nominal, and the processing fee they have charged me was nominal.Their service was good.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 08, 2019
    • HDFC Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I was in a need of car loan and I had applied with HDFC Bank. The application was processed on a quick note. Earlier there was a delay as I have submitted the documents. The bank had sanctioned my loan in few days. The rate of interest is fine and compare to other banks its reasonable.
      Was this review helpful? 0
      , sibsagar
      Reviewed on Mar 07, 2019
    • HDFC Bank Car Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan in HDFC BANK and it was preclosed. They are charged 3% on the outstanding principal amount and the process was simple. The charges are good and nominal. I have purchased a Datsun Goplus and made some down payment remaining 90% was provided by the bank. The document procedure was simple.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 07, 2019
    • HDFC Bank Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had taken this loan a very long time back and the services of them has been pretty good. The disbursement happened pretty soon and the loan amount provided by them was as per the requirement. But the interest rate with them has been pretty high and they had also been making some charges, i suggest them to reduce the interest rate.
      Was this review helpful? 1
      , jamnagar
      Reviewed on Mar 07, 2019
    • HDFC Bank Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from HDFC Bank and the procedure was very simple. I am paying the loan emi for the past 4 years. The interest rate is affordable and the service was quick. The process was the easiest. When I have applied for the loan initially they said they have required a salary account and later they have opened a current account. They have credited the loan amount which was lesser than the required amount, due to which I had to make some down payment to purchase the car.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 07, 2019
    • HDFC Bank Car Loan
      "Average service"
      0.5 3.5/5 "Pretty good"
      I have taken a car loan with HDFC bank.The loan amount was sufficient. Based on the vehicle they have given me the loan. The rate of interest they have charged me was nominal and it is as per the market value they charged me, even they have charged me processing fee that too was nominal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 07, 2019
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I took a car loan from the HDFC bank . The whole process was easy and hassle free. The loan was applied at the showroom and was processed with in 2 days. The loan amount they have given me up to 3,00,000 .the rate of interest they have charged me up to 9.5% which was nominal.The documentation was also very smooth. Overall it has been a smooth car loan experience with the HDFC bank.Still this loan is running.
      Was this review helpful? 1
      , mohali
      Reviewed on Mar 02, 2019
    • HDFC Bank Car Loan
      "Need to reduce the interest rate"
      0.5 2.0/5 "Expected more"
      Am having a car loan and the interest rate was around 14% which was very high compared to other bank and am not satisfied. I never contacted the customer service. The process was not faster and there was no processing fee. The loan duration is 4 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Mar 02, 2019
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