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HDFC Bank Car Loan for new cars begins at an interest rate of 8.00% p.a. For Used Car Loans, HDFC Bank Car Loan Interest Rate begins at 14.50% p.a.
Features | New Car Loan Scheme | Used Car Loan Scheme |
---|---|---|
Interest Rates |
8.00% p.a. onwards |
14.50% p.a. onwards |
Repayment Tenure |
Ranges between 12 months and 84 months |
Ranges between 12 months and 84 months |
Loan Amount |
Up to Rs.3.5 crore |
Up to Rs.50 lakh |
Foreclosure Charges |
|
|
Type of Charge | New Car Loan Scheme | Used/ Car Loan Scheme |
---|---|---|
Documentation charges per case |
Rs.700 |
Rs.700 |
Stamp duty charges |
At actuals |
At actuals |
Overdue EMI interest per month |
2% per month |
2% per month |
Processing Fees |
1.00% of total loan amount subject to min Rs.5,000 and max Rs.10,000 |
1.00% of total loan amount subject to min Rs.5,000 and max Rs.10,000 |
NOC charges per instance |
Rs.500 per instance |
Rs.500 per instance |
Loan rebooking charges |
Rs.1,000 |
Rs.1,000 |
CIBIL charges (if requested) |
Rs.50 |
Rs.50 |
Cheque/ECS/SI return charges per instance |
Rs.550 per instance |
Rs.550 per instance |
Collateral charges |
Rs.600 per instance |
Rs.600 per instance |
Published On : 2020-09-14
HDFC Bank offers 100% financing on a few select vehicles. The interest rates offered by HDFC Bank are affordable and pocket friendly. Some of the factors determining the rate of interest you are eligible for have been mentioned below and also get to know Top 10 Banks for Car Loan in India:
A person should be at least 21 years old in order to avail a new car loan from HDFC Bank.
Self-employed individuals should be earning at least Rs.3 lakh on a yearly basis.
Salaried individuals must be earning at least Rs.2.50 lakh on a yearly basis.
Any of the following can be used:
Any of the following can be used:
With its EMI #AapkeHisaabSe offer of custom-fit car loans, HDFC Bank is now offering a car loan for customers who wish to buy the newly launched Kia Seltos at equated monthly instalments (EMIs) starting from Rs.1,234 per lakh. The Kia Seltos is the first product of South Korean automobile maker Kia Motors, in the Indian mid-SUV segment. The Seltos have been launched at an introductory price of Rs.9.69 lakh (ex-showroom price) which can go up to Rs.15.99 lakh. The SUV is compliant with the BS-VI norms and is available in both diesel and petrol variants. The Kia Seltos comes with both automatic and manual options. Customers can choose from 5 dual-tone color options of Intense Red, Aurora Black Pearl, Glacier White Pearl, Punchy Orange, Intelligency Blue, Gravity Gray, Steel Silver, and Clear White.
27 August 2019
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