If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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    We found 2 HDFC Bank Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.40% - 10.35% Fixed
    Up to ₹4,720 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    12% - 15.5% Fixed
    Up to ₹5,310 One time fee
    75K Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    HDFC Bank Car Loan is Rated as "Excellent!" by 7363 Users
    Car Loan BYTES FROM OUR KITCHEN

    HDFC Bank Car Loan

    HDFC Bank, which was incorporated in 1994, is the fifth largest bank in India by assets. HDFC Bank provides best Auto loans/Car Loans in India. It offers attractive car finance plans for all car segments at lowest rate and covers the widest range of cars and multi-utility vehicles. HDFC Bank can offer a car loan for up to 100% of the value. On BankBazaar.com you can check your eligibility in seconds for a HDFC car loan by filling in a short form and you can apply online. Read on to learn about the eligibility and documentation requirements for HDFC car loan.


    You’re probably eligible for an HDFC Bank Car Loan if you are

    01
    02
    03
    04
    HDFC Bank Car Loan Minimum Age

    At least 21 years old

    HDFC Bank Car Loan Maximum Age

    Less than 60 years old

    HDFC Bank Car Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    HDFC Bank Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your HDFC Bank Car Loan amount eligibility is based on these factors

    01
    02
    03
    HDFC Bank Car Loan Minimum Salary

    Minimum income required
    Income required of Minimum Rs. 2,00,000 per annum

    HDFC Bank Car Loan Maximum Loan to Value

    Loan capped @
    85% of the ex-showroom price

    HDFC Bank Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible HDFC Bank Car Loan amount by these steps

    01
    02
    HDFC Bank Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    HDFC Bank Car Loan Maximum Tenure

    Choose longer tenure loan up to 7 years


    Documentation needed to apply for an HDFC Bank Car Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    HDFC Bank Car Loan Interest RatesUpdated on 21 Jan 2018

    HDFC Bank Car Loan Details
    Interest Rate (Monthly reducing balance) 8.40% to 10.35%
    Processing Fees Up to Rs. 4,720
    Loan Tenure 1 year to 7 years
    Pre-closure Charges Preclosure permitted after 6 months. 6% of principal outstanding (plus GST) from 7 to 12 months. 5% (plus GST) in 2nd year. No preclosure charges thereafter.
    Guarantor Requirement No guarantor required

    Overview About HDFC Bank Car Loan

    Today, owning a car is more of a convenience factor than a status symbol. And the HDFC Car Loan is regarded as one of the most versatile and well-rounded loan options in India to make this dream a reality. With its India centric approach, over two decades of domain experience, and a comprehensive arsenal of financial products, HDFC Bank is at the forefront of customer satisfaction and range of products, including such ‘in-demand’ options as HDFC Bank Car Loan.

    An Introduction to HDFC Car Loan

    The HDFC Bank Car Loan is loaded with features that are sure to impress the most discerning customer. From the prospect of upto 100% finance to the short duration of just 2 working days for loan disbursal, from fixed interest rates that apply through the duration of the loan tenure to the provision to not submit any income documents when applying for the car loan, these alongside a flexible loan tenure of 7 years make the HDFC Car Loans an irresistible option. No wonder, HDFC counts this product as one of its premier sellers and is further committed to bringing it to many more Indians in the coming times.

    Why Choose HDFC Bank Car Loan?

    The bywords are comfort, simplicity of acquisition and a feature rich product portfolio. A HDFC Car Loan is tuned to make the entire process of acquiring a loan, simple and as comprehensive as possible. Why should you apply for a HDFC Car Loan online? The principle reasons are as follows-

    • Super Attractive Interest Rates- When compared to the other car loan options available in the market, the HDFC Car Loan interest rate is in a league of its own.
    • Super-Fast Loan Disbursal- The entire loaning process with HDFC is hassle free, transparent and quick. HDFC isn’t too keen to be a delaying factor between you and your cherished set of wheels.
    • Super Customer Friendly- From the get-go, the onus is the customer. This will be abundantly obvious in the way HDFC treats you as a potential/existing customer via its competent customer support initiatives.

    Features of HDFC Bank Car Loan

    As with any competent loaning bank, HDFC has loaded its car loan product with sufficient attractive features to attract your undivided attention-

    1. Loan amount equals upto 100% of the cost of the vehicle. Equates also to lowest down payment.
    2. Loan disbursal in just 2 short working days.
    3. The loan processing stage is certified hassle free, transparent and quick.
    4. Fixed interest rates provide security against the upheavals in the market and leave your EMI payments constant.
    5. One of the lowest EMI options in the Indian context.
    6. As per the ‘No Income Document Scheme’, documents detailing your income aren’t mandatory.
    7. Relaxed repayment tenure stretching upto 7 years.

    The simplicity driven loan comparison website, BankBazaar.com, helps you clearly understand the pros and cons of the HDFC Car Loan, thereby evaluating its applicability in terms of your own express situation. Also, the following factors are compelling reasons to choose BankBazaar as the initiator for your prospective HDFC Bank Car Loan-

    Get Instant Quotes- Filling up a simple online form helps us evaluate the perfect loan options for you. Rather than spending a substantial amount of time in finding the right cut, relax, have some coffee.

    Get All the Information- Various parameters are in play when zeroing in on a car loan, including rate of interest, EMI, processing fees, customer feedback etc. With Bankbazzar.com, know every major and miniscule element of your prospective HDFC Car Loan.

    Transparent Workings- Bankbazaar.com isn’t a mediator, a promoter or in cahoots with any bank. Our assessment of the available loan options for you is always impartial and objective, such that you have every last shred of information to make that informed decision.

    Privacy- We treat your personal information with the highest regard. The information you provide is only shared with HDFC Bank, and never shared with a third party for any reason whatsoever.

    Trust- Top banks in India like HDFC, swear by the Bankbazaar.com name. Infact, our reliable online technology has been powerfully adopted by these lenders to provide their customers the best loan experience on their own websites. Check out HDFC’s smart BankBazaar powered initiative, here- www.hdfcbanksmartapply.com

    Applying for the HDFC Bank Car Loan on Bankbazaar.com, is a simple and intuitive process. The following lists the various steps involved-

    Step 1- On Bankbazaar.com’s homepage, access the navigational menu that is located at the top of the page and select the LOANS menu item. Next, select from CAR LOAN option from the drop-down menu. Next, select HDFC Bank Car Loan from the available options.

    Step 2- Spread before you is the page detailing the various attributes of the HDFC Car Loan. Kindly scroll through the page and check the features and benefits associated with this lender. The ‘Apply Now’ option allows you to apply for the car loan from HDFC Bank.

    Step 3- Breeze through an interactive application form that helps us understand your specific requirements. Don’t worry, this form takes all of 3 minutes to fill up and isn’t very technical.

    Step 4- After the submission of the online application, you will receive an instant e-approval from Bankbazaar.com. This application is next transferred to HDFC from wherein a customer support executive will get in touch with you within a short duration of time. Meanwhile, you can track your application through SMS alerts and email.

    Simple? Of course. Subscribing to Bankbazaar.com helps save your time, money and efforts, while assuring you the best loan options that specifically address your exclusive requirements.

    The interest charges billed by HDFC on car loans depends mainly on the segment of the vehicle availed. Check with the nearest branch or call the customer service to ascertain the applicable rate.

    HDFC Car Loan Interest Rate for New Borrowers

    Ranges from 9.15% to 11.60%

    Note: The interest rate is subject to periodic revision as per bank’s credit policy and RBI’s quarterly reviews. Make sure to confirm with the bank on prevailing rates at the time of applying and choose the terms accordingly.

    When talking of the HDFC Car Loan eligibility, there are many factors at play. Kindly match your personal situation with the requirements given below and gauge your eligibility for the same.

    Salaried Employee-

    • Minimum age of 21 years (at inception) and maximum of 60 years (at end of loan tenure).
    • Is employed for a minimum of 2 years, with 1 year at the current employer.
    • Annual income of Rs.1,80,000 (this can include the income of the co-applicant).
    • Has a fixed landline number or a post-paid mobile number.

    Self Employed-

    • Minimum age of 21 years (at inception) and maximum of 65 years (at end of loan tenure).
    • Must be in business for at least 2 years.
    • Annual income of Rs.60,000 (standard car) or Rs.1,00,000 (mid-sized and premium cars).
    • Have a fixed landline number or a post-paid mobile number.

    Self Employed (Partnership firms)-

    • Annual income of Rs.60,000 (standard car) or Rs.1,50,000 (mid-sized and premium cars).
    • Minimum annual turnover of Rs.4,50,000.
    • Have a fixed landline number at office or residence.

    Self Employed (Private Limited Companies)-

    • Annual income of Rs.60,000 (standard car) or Rs.1,50,000 (mid-sized and premium cars)
    • Minimum annual turnover of Rs.4,50,000
    • Have a fixed landline number at office.

    Self Employed (Public Limited Companies)-

    • Annual income of Rs.60,000 (standard car) or Rs.1,50,000 (mid-sized and premium cars)
    • Minimum annual turnover of Rs.4,50,000
    • Have a fixed landline number at office.

    Calculating your EMI amounts to simply clicking away on your computer mouse with the HDFC Car Loan EMI Calculator. This handy tool helps you arrive at your monthly EMI numbers in a matter of seconds. Just follow the simple steps listed below-

    1. At the top of this page, find the ‘Finance Tools’ option in the navigation bar. Click on this to unearth the ‘Car Loan EMI Calculator’ tool.
    2. This tool has two simple scales- ‘Loan Amount’ and ‘Tenure’. Mark your applicable loan amount and tenure on these scales.
    3. Next, on the fields denoted as ‘Interest Rate in %’ and ‘Processing Fee (% of loan amount)’, insert the interest rate and processing fee as applicable to you respectively. Note that, the fields already contain a default value. Change these numbers accordingly.
    4. Click on the red button marked ‘Calculate’ to complete the process.

    The resultant page displays the total interest due, monthly EMI, the amortization details and other specifics concerning your car loan. This simple process would have taken you all of 30 seconds to complete and results in a slab of very comprehensive data. Quick and reliable.

    • On the HDFC Car Loan website, customers can check their eligibility within a minute and make the loan application online.
    • On submitting the documents required for the HDFC car loan, customers can get their application approved in 10 minutes.
    • Customers can calculate the EMI towards the HDFC car loan using the HDFC Loan EMI Calculator.
    • In addition, customers are offered special discounts on the processing fee and so on by applying online on the HDFC car loan website.

    HDFC does not allow foreclosure of car loans within 6 months from the commencement of the loan. Listed below are the foreclosure charges:

    • HDFC charges 6% on the principal outstanding loan for foreclosure within one year from 7th EMI (Equated Monthly Installment).
    • 5% of the principal outstanding loan for foreclosure within 13-24 months from the 1st EMI.
    • 3% of the principal outstanding loan for foreclosure after 24 months from the 1st EMI.

    HDFC promises to approve of loans within 10 minutes for those applying online. For the verification process, customers will have to submit the following documents.

    • Salaried individuals can submit either their Aadhaar card, PAN card, Passport, Voter’s ID card or Driving License, or latest salary slip and Form 16 for identification proof and Aadhaar card, Passport, Voter’s ID card, Telephone bill, Electricity Bill or Life Insurance policy for address proof.
    • Self-employed individuals can submit either their Aadhaar card, PAN card, Passport, Voter’s ID card or Driving License or latest Income Tax Return form for identification proof and Aadhaar card, Passport, Voter’s ID card, Telephone bill, Electricity Bill or Life Insurance policy for address proof.
    • For self-employed individuals from partnership firms, they have to submit either an audited balance sheet, profit or loss account of the past year or the company ITR form for the last two years as proof of income. For address proof, customers can submit either their telephone bill, electricity bill, establishment certificate, SSI registered certificate or sales tax certificate.
    • For self-employed individuals from a Private Limited Company, they have to submit either an audited balance sheet, profit or loss account of the past year or the company ITR form for the last two years as proof of income. For address proof, customers can submit either their telephone bill, electricity bill, establishment certificate, SSI registered certificate or sales tax certificate.
    • For self-employed individuals from a Public Limited Company, they have to submit either an audited balance sheet, profit or loss account of the past year or the company ITR form for the last two years as proof of income. For address proof, customers can submit either their telephone bill, electricity bill, establishment certificate, SSI registered certificate or sales tax certificate.

    If you’re new to availing a car loan from HDFC Bank, make sure you follow the below listed tips or guidelines.

    • Make sure that your credit score is optimum before applying for the loan - anything above 750 is good. The higher your credit score the lower will be the interest rate added to your loan.
    • Keep the tenure short - especially for a car loan as the value of your car depreciates as the years go by.
    • Choose a car within your budget.
    • Ensure that your debt-to-income ratio does not surpass 40% of your monthly net income.
    • Make a down payment north of 20% of the total loan amount. This too will reduce the interest rate significantly.
    • Never miss an EMI payment. If you do, immediately speak to the bank and make an adjustment.
    • Take an insurance policy against your car loan - to cover the loan liability in case of an eventuality.
    • Plan your finances for the month.
    1. Can I apply for the HDFC Car Loan online on BankBazaar.com?

      Yes. Infact, as a one of HDFC’s privileged partners, your application will be treated on high priority.

    2. I wish to close my HDFC Car Loan before the tenure is up. Is it possible? What is the penalty?

      Yes. With HDFC Car Loans, foreclosure isn’t a problem and the applicable charges are very reasonable. The following rates apply, from the date of availing the loan-

      • Upto 6 months- No charge.
      • 1year from 7th EMI- 6% on outstanding principal
      • 13 to 24 months from 1st EMI- 5% on outstanding principal
      • After 24 months from 1st EMI- 3% on outstanding principal
    3. How do I ascertain the current status of my car loan application?

      After applying for the HDFC Bank Car Loan on BankBazaar, you can track your application through SMS alerts and email. Also, you can get in touch with our customer support team at XXX-FGTY-HH.

    4. Where can I find the HDFC Car Loan application form?

      Applying for the HDFC Bank Car Loan is very simple with BankBazaar.com. Simply, access this page- www.bankbazaar.com/hdfc-car-loan.html and click on the ‘Apply Now’ option.

    5. What are the common documents that will be required when applying for the loan?
      • Identity Proof- Passport, PAN card, Voter’s ID, Driving License.
      • Address Proof- Ration Card, Driving License, Voter’s ID, Passport, Telephone Bill, Electricity Bill, PAN Card, Sales Tax Certificate.
      • Bank Statements- Usually, last 6 months.
      • Income Proof- Latest ITR, Salary Slips, Form 16, Audited Balance Sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company.
    6. How do I contact Customer care for more details on HDFC Bank Car Loan?

      Our friendly customer Care helpdesk will be happy to answer all your queries with regards to the HDFC Car Loans. Hit them at XXX-FGTY-HH or email your queries to xy@bankbazaar.com.

    7. Who can apply for a HDFC Bank Car Loan?

      Salaried Employees, Self Employed Individuals (Sole Proprietorship), Partnership firms, Private, Public Limited Companies, Hindu Undivided Families and Trusts can apply for a HDFC Bank Car Loan, provided they fulfil all the eligibility requirements.

    8. I have an account with HDFC Bank. Will I get any extra benefits when I apply for car loan offered by HDFC Bank?

      Yes, HDFC Bank account holders avail extra benefits such as special interest rates on the car loans offered by the bank. If you have a corporate salary account or a preferred account with the bank for over 6 months, your car loan will be quickly approved. If you already have a HDFC Bank Car Loan and have cleared the amount for up to 12 months and more, then you will receive a Top – Up on your loan.

    9. What type of cars does HDFC Bank provides a car loan for?

      HDFC Bank provides car loan for new and pre-owned cars. In case of new cars, the bank provides loans for passenger cars and multiutility cars that are manufactured by automobile companies in India.

    10. What is the minimum and maximum age requirement for applying for a car loan from HDFC Bank?

      An individual needs to be minimum 21 years old to apply for a car loan from HDFC Bank. The maximum age for a salaried employee is 60 years and a self – employed individual is 65 years.

    11. What is the minimum income that an individual should earn to be eligible for HDFC Bank Car Loan?

      A salaried individual should earn a minimum of Rs.1, 80, 000 yearly to be eligible for HDFC Bank Car Loan. A self – employed individual, who is a sole proprietor, must earn a minimum of Rs.60, 000 yearly, if he or she is planning on buying a standard car and Rs.1, 00, 000, if he or she is planning on purchasing a premium or a mid – sized car.

    12. Is it mandatory to have a co – applicant or guarantor while applying for a car loan by HDFC Bank?

      No, it is not mandatory to have a co – applicant or guarantor while applying for a car loan by HDFC Bank. It is mandatory only for the applicants who do not qualify the income criteria to have a co – applicant or a guarantor.

    13. Where can I find the application form for HDFC Bank Car Loan?

      You can find the application form for HDFC Bank Car Loan on the website of the bank. HDFC Bank allows its customers to apply for a car loan online on the website of the bank itself.

    14. How to apply for a HDFC Bank Car Loan?

      To apply for a HDFC Bank Car Loan, people have to visit the website of the bank and scroll down to the ‘Apply Online’ section on the homepage. There they have to select ‘Car Loan’ from the ‘Loans’ drop down menu. They will be redirected to the online application form, where they have to first check if they are eligible for the car loan or not. If they are eligible, they can proceed with the next step of completing the form and submitting it online.

    15. Can I track the status of my HDFC Bank Car Loan application online?

      Yes, you can track the status of your HDFC Bank Car Loan application online. To check, you have to visit the website of HDFC Bank and click on ‘Loan’ on ‘Track your application – Card, Loan’. Enter the details on the next page to know the status. You can also track the status by clicking on ‘Car Loan’ on the homepage of the website and selecting the type of car loan you have applied for (New or Pre- owned Car Loan), where you will find the option for checking the application status.

    16. What documents do applicants have to submit as income proof while applying for a HDFC Bank Car Loan?

      Applicants have to submit the following documents as income proof while applying for a HDFC Bank Car Loan –

      • Salaried Employees have to submit their latest salary pay slip along with form 16
      • Self Employed Individuals have to submit their latest Income Tax Return
      • Partnership firms have to submit their Audited Balance Sheet, Profit and Loss Account for recent 2 years and Income Tax Returns of the company for the recent 2 years
      • Private Limited Companies have to submit their Audited Balance Sheet, Profit and Loss Account for recent 2 years and Income Tax Returns of the company
      • Public Limited Companies have to submit their Audited Balance Sheet and Profit and Loss Account for recent 2 years
    17. What is the processing fee for HDFC Bank Car Loan?

      The processing fee for HDFC Bank Car Loan is dependent on the amount of loan.

      • For a loan amount of up to Rs.2, 50, 000, the processing fee is Rs.2825
      • For a loan amount of more than Rs.2, 51, 000 and up to Rs.4, 00, 000, the processing fee is Rs.3850
      • For a loan amount of more than Rs.4, 01, 000 and up to Rs.5, 00, 000, the processing fee is Rs.4300
      • For a loan amount of more than Rs.5, 01, 000 and up to Rs.10, 00, 000, the processing fee is Rs.4650
      • For a loan amount of more than Rs.10, 00,000, the processing fee is Rs.5150. This processing fee is not refundable.
    18. Does CIBIL score make a difference while applying for a HDFC Bank Car Loan?

      Yes, CIBIL scores makes a difference while applying for a HDFC Bank Car Loan. The higher your score, the better chances you have in getting a good deal on your loan from the bank.

    19. What is the minimum amount that I can borrow through a HDFC Bank Car Loan?

      You can borrow a minimum amount of Rs.1, 00, 000 through a HDFC Bank Car Loan.

    20. What is the maximum amount that I can borrow through a HDFC Bank Car Loan for a new car?

      You can borrow a maximum of 90 percent of the value of the car mentioned in the invoice through a HDFC Bank Car Loan for a new car. Salaried individuals can avail up to 3 times their annual salary and self - employed individuals can avail up to 6 times their yearly income.

    21. What is the minimum tenure of a car loan offered by HDFC Bank?

      The minimum tenure of a car loan offered by HDFC Bank is 12 months.

    22. What is the maximum tenure of a car loan offered by HDFC Bank?

      The maximum tenure of a car loan offered by HDFC Bank is 7 years.

    23. Can I pre – close my HDFC Bank Car Loan?

      Yes, you can pre – close your HDFC Bank Car Loan after 6 months of availing the loan. You are not allowed to close it before 6 months.

    24. What are the pre – closure charges on HDFC Bank Car Loan?

      The pre – closure charges on HDFC Bank Car Loan are as follows –

      • 6 percent of the principal pending amount, if you plan to pre – close your loan within 12 months from the 7th EMI
      • 5 percent of the principal pending amount, if you plan to pre – close your loan within 13 months to 24 months from the 1st EMI
      • 3 percent of the principal pending amount, if you plan to pre – close your after 24 months from the 1st EMI
    25. Does HDFC Bank charge a late payment fee from individuals who fail to pay their car loan EMI on time?

      Yes, HDFC Bank charges a late payment fee from individuals who fail to pay their car loan EMI on time. The late payment fee is 2 percent per month.

    26. What is the verification process for car loans offered by HDFC Bank?

      The verification process for car loans is the same for most banks. HDFC Bank car loan applicants will have to meet the eligibility criteria and submit all the required documents and the application form, after which the bank will start the approval and verification process. HDFC Bank provides car loan approvals in 30 minutes.

    27. How long will it take HDFC Bank to process the car loan?

      It will take 48 hours for HDFC Bank to process the car loan.

    28. Do I have to submit any documents to HDFC Bank after the loan is disbursed?

      Yes, you have to submit a copy of the following documents to HDFC Bank after the loan is disbursed –

      • Documents of the car
      • Registration Certificate
      • Tax papers
      • Insurance policy
    29. How can I repay my HDFC Bank Car Loan?

      You can repay your HDFC Bank Car Loan in the following ways –

      • You can provide Standing Instructions to the bank. It means that you are permitting the bank to automatically deduct the EMI from your bank account
      • You can use ECS facility if you are repaying the amount using an account that you hold with another bank. ECS or Electronic Clearing Service facility is a service through which you allow the bank to deduct the EMI directly from your other bank’s account
      • You can also repay your car loan through Post- Dated Cheques
    30. Am I allowed to sell the car before I repay the amount that I borrowed through HDFC Bank Car Loan?

      No, you are not allowed to sell the car before you repay the full amount that you borrowed through HDFC Bank Car Loan.

    31. Can I change the repayment mode of my HDFC Bank Car Loan?

      Yes, you can change the repayment mode of your HDFC Bank Car Loan. To do so, you have to visit the nearest Retail Loan Service Centre of the bank and place your request.

    32. How can I avail a NOC for a car loan that have been fully repaid to HDFC Bank?

      You can avail a NOC for a car loan that have been full repaid to HDFC Bank from any of the bank’s Retail Loan Service Centre. You have to submit

      • A self - attested copy of the RC Book (Registration Certificate)
      • A fee of Rs.500 via cheque or DD or pay order in favour of ‘HDFC Bank Ltd Loan Account No. << >>’
      • Request form for duplicate NOC or Form 35

      If someone else places the request on behalf of you, he or she has to provide authorization and KYC documents. Please contact HDFC bank to get more details about NOC.

    33. Does the car loan provided by HDFC Bank cover insurance and registration charges?

      No, the car loan provided by HDFC Bank does not cover insurance and registration charges. The loan amount is calculated on the basis of the ex- showroom price of the car, which is not inclusive of these charges.

    34. Does HDFC Bank provide pre- approved car loans?

      Yes, HDFC Bank provides pre- approved car loans.

    35. How much money can an individual avail through HDFC Bank Pre- owned Car Loan?

      An individual can avail up to 85 percent of the value of his or her car through HDFC Bank Pre-owned Car Loan.

    36. Who can I speak to in order to get more details about HDFC Bank Car Loan?

      In order to get more details about HDFC Bank Car Loan, you can contact the customer care department of HDFC Bank. You can also get in touch with them through the website of the bank or contact on the toll - free number.

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    HDFC Bank Car Loan Reviews

    • HDFC Bank Car Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My car loan was taken with HDFC Bank before 3.5 years. The interest rate was normal. I have purchased Grand i10. I took 5L and the duration period is 5 years. I have to pay monthly premium as 10,772 rupees through ECS. The services are good on my car loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 20, 2018
    • HDFC Bank Car Loan
      "Best service"
      0.5 4.5/5 "Excellent!"
      I have taken a car loan with HDFC bank.The loan amount is 4.50 lakhs.Rate of interest is nominal as compared to others.I have been banking with them for last four years.I pay my EMI through online.they had quickly processed the loan within the TAT.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 19, 2018
    • HDFC Bank Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have purchased a Maruti Car with the help of HDFC Bank. It was taken 4 months back. The rate of interest was 8.5% which am satisfied. They charged a processing of 11,000 rupees. The documentation process was very easy. They provided the loan on time.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 19, 2018
    • HDFC Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my car loan with HDFC bank for about 6 years . The loan amount was 2.80,000 and the Interest rate was 13-14% which is very high than other banks. The tenure period was 5 years. Here the process was very smooth and hassle free. The processing fee was nominal and pre closure is allowed after 6 months . My overall experience was excellent.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • HDFC Bank Car Loan
      "Better"
      0.5 4.0/5 "Great!"
      My car loan was taken with HDFC Bank through online channel. They offered a normal interest rate. The documentation process was simple and provided a doorstep service. I have purchased Royals Wagnor and I took loan of 6L. I have to pay monthly around 12,815 rupees.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
    • HDFC Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      HDFC has offered a interest rate of 9.5% which was nominal. The processing fee was same as other banks. I have submitted the documents to the branch. They offered around 4.5L and I have purchased a TATA TIYAGO. The part payment and pre closure option is applicable with so many conditions which I don't like it.
      Was this review helpful? 0
      , ambala
      Reviewed on Jan 17, 2018
    • HDFC Bank Car Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      I have my car loan with HDFC bank.The loan amount was 5.8 lakhs . The interest rate was 8.5% which was satisfactory . The customer service and responses was up to the mark. The tenure period was 5 years . They have sanctioned the loan with the committed time and the loan was approved on time. The processing fee was very low and the pre closer is allowed after one year.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 17, 2018
    • HDFC Bank Car Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      I have my car loan with HDFC bank.The loan amount was 5.8 lakhs . The interest rate was 8.5% which was satisfactory . The customer service and responses was up to the mark. The tenure period was 5 years . They have sanctioned the loan with the committed time and the loan was approved on time. The processing fee was very low and the pre closer is allowed after one year.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Jan 17, 2018
    • HDFC Bank Car Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      I have my car loan with HDFC bank.The loan amount was 5.8 lakhs . The interest rate was 8.5% which was satisfactory . The customer service and responses was up to the mark. The tenure period was 5 years . They have sanctioned the loan within the committed time and the loan was approved on time. The processing fee was very low and the pre closing can be done after one year..
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Jan 17, 2018
    • HDFC Bank Car Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My car loan was taken with HDFC bank. The loan amount was 5.90 lakhs and the Interest rate was 8.65% which was average in the market. The tenure period was 5 years . The loan process was really good. I have not faced any inconvenience . I have tried using the tools like EMI calculator and credits score option which is good. My overall experience was very good.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Jan 17, 2018
    • HDFC Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my car loan with HDFC bank. The loan amount was 8.5 lakhs and the Interest rate was 8.45|% which was average In the market. The tenure period was 5 years. The customer service and responses was up to the mark.The loan was approved on time and the processing fee was nominal.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jan 17, 2018
    • HDFC Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      The rate of interest was normal with HDFC Bank as per the market price. I compared with the government banks, here the foreclosing is not easy. They provided a doorstep service for the documentation. I have purchased TATA Nexon. The customer service and response was good.
      Was this review helpful? 0
      , indore
      Reviewed on Jan 17, 2018
    • HDFC Bank Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with HDFC bank and it was a good loan experience. The loan amount was for Rs 5 lakhs with the rate of interest of 9.5% which is nominal rate. The process was very quick and i received my loan amount within 2 days. Customer service was good and they followed up on time. My loan amount was based on the on-road price and the tenure of this loan is 5 years.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 16, 2018
    • HDFC Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My Car loan application was approved with HDFC bank and the experience was quite good. This was preapproved loan so i got my loan amount within 7 days. The loan amount was for Rs 4.50 lakhs with the rate of interest of 8.35% which is less when compared to other banks. Customer service was good and they collected documents on time. My loan amount was approved based on the on-road price. The processing fees was nominal and the tenure of this loan is 5 years.
      Was this review helpful? 0
      , rajkot
      Reviewed on Jan 16, 2018
    • HDFC Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan application was approved with HDFC bank and the loan experience was good. The process was smooth and i received my loan amount within 10 days. The loan amount is for Rs 8 lakhs with the rate of interest of 8.5% which is nominal when compared to all other banks. My loan amount was based on the on-road price. They charged Rs 6000 as processing fee which is nominal. Customer service was good and they collected documents on time. The tenure of this loan is 7 years and it was overall a good service from HDFC bank.
      Was this review helpful? 0
      , indore
      Reviewed on Jan 16, 2018
    • HDFC Bank Car Loan
      "Good card"
      0.5 5.0/5 "Blown Away!"
      My credit card was taken with HDFC Bank one month ago. They offered a credit limit of 25,000 rupees which was not satisfactory. It would be great if they can increase my credit limit. I am using the card for online purchases. They don't charge annual fee.
      Was this review helpful? 0
      , rohtak
      Reviewed on Jan 16, 2018
    • HDFC Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a car loan with HDFC Bank through online portal. The rate of interest was nominal, they offered a 8.5% interest rate. I had taken 11L and purchased a Scorpio. I have to pay monthly premium of 23,770 rupees through ECS. The customer service and response was good with HDFC.
      Was this review helpful? 0
      , rohtak
      Reviewed on Jan 16, 2018
    • HDFC Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my car loan with HDFC bank for about 4 years back. The loan amount was 5 lakhs and the Interest rate was 10.24% which was average In the market. The loan process was very smooth and hassle free . The processing fee was 2000 and My overall experience was good and Its recommendable.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jan 12, 2018
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have a car loan with Hdfc the rate of interest they offer me was 9.5 which is little high compared to other banks in the market. The customer support was good,the documents have been collected from my door step for my Swift Dzire vxi petrol car ,they offer me 5 lakhs as a loan amount.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 11, 2018
    • HDFC Bank Car Loan
      "Best banking"
      0.5 5.0/5 "Blown Away!"
      I have taken a Car loan with HDFC bank.The loan amount is 8 lakhs,rate of interest is nominal as compared to other banks.The tenure is for 36 months.I had closed the loan in 2015.I had submitted documents to process it was a smooth process.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jan 09, 2018
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