HDFC BANK , CAR LOAN

HDFC bank will providing Car loan quick process

Car Loan Features.

  • Instant car Loan.
  • 24hr online Loan Process.
  • easily paper work.

Easily Loan Process and Approval.

  • Car Loan Process in just half and hour.
  • Quick and Easily process and entirely paperless and digital process.

Repayment Terms.

  • Repayment tenures from 1 year to 7 year.

Loan Amount.

  • Get Loan amount depend or your car range.
  • 100% on road loan finance on your new car loan.

Car Loan Eligibility.

  • Self Employed those who have been in business for a minimum 2 years.
  • Self Employed sole property in the business of trading or services.
  • Should to be income Rs 3,00,000/- per year.
  • Salaried those who earn a minimum income of Rs. 300,000/- per annum including the income of the spouse/ co applicant.

Car Loan Document required.
Salaried And self employed following Documents as identity and address proof.

  • Job Card.
  • voters ID Card.
  • Driving License.
  • Salary Income Proof.
  • Valid Passport.
  • Latest ITR Returns income proof (only for self Employed ).
  • Bank Statement of last 6 months.

Car Loan Interest Rate And Fees and Charges.

DescriptionNew Car Loan
Overdue EMI Interest2% per month
LPG/ CNG/NOC Rs 250/- instance
Documents Charges Rs 650/- it not refunded in case cancellation
CIBIL ChargesRs 50/-
Collateral ChargesRs 500/- to be refunded in case of cancellation
Interest Rate8.85% onwards depend on loan amounts and tenure

About Car Loan Trams And Condition:

HDFC Bank offers car loans to help individuals finance their car purchases. The terms and conditions for these loans are designed to provide a clear understanding of the borrowing process. Here is a summary of the key terms and conditions in normal language:

Eligibility Criteria: To apply for an HDFC Bank car loan, you need to be at least 21 years old and have a regular source of income. The bank will also consider your credit score and employment stability when evaluating your application.

Loan Amount: You can avail of a car loan from HDFC Bank starting from a minimum amount to a maximum amount based on your eligibility. The bank typically offers financing for up to 100% of the ex-showroom price of the car.

Interest Rates: HDFC Bank offers car loans at competitive interest rates. The interest rate may vary based on factors such as the loan amount, repayment tenure, and individual credit profile.

HDFC Bank offers flexible repayment options, typically ranging from 1 to 7 years.

Processing Fees: While applying for a car loan, you may need to pay a processing fee. The amount may vary based on the loan amount and other factors. This fee is non-refundable.

Prepayment Charges: If you decide to prepay your car loan partially or in full before the completion of the tenure, HDFC Bank may levy prepayment charges. The specific charges and conditions may be mentioned in the loan agreement.

Collateral and Security: The car you purchase using the loan will serve as the primary collateral. The bank will have a lien on the vehicle until you repay the entire loan amount.

Loan Disbursement: Once your loan application is approved, the funds will be disbursed directly to the car dealer or seller, as per the agreed terms.

Insurance Requirements: It is mandatory to get comprehensive car insurance for the financed vehicle. HDFC Bank may offer insurance options, but you are free to choose from other insurance providers as well.

Default and Penalty Charges: In case of any default in loan repayments, late payment fees or penalty charges may be applicable. It is essential to adhere to the repayment schedule to avoid these charges.

Loan Transfer: In some cases, HDFC Bank may allow you to transfer your existing car loan from another bank to HDFC Bank. Certain conditions and charges may apply for such transfers.

Documentation: You will need to provide necessary documents like proof of identity, address, income, and car-related documents while applying for the loan.

Terms Subject to Change: HDFC Bank reserves the right to modify the terms and conditions of the car loan at its discretion. Any changes will be communicated to the borrowers in advance.

Remember that the above points are just a general overview, and it is crucial to carefully read and understand the detailed terms and conditions provided by HDFC Bank before finalizing your car loan. This will ensure a smooth borrowing experience and help you make informed decisions regarding your car purchase.

Note:

  • Our website is just provide information about loans and insurance only we are not responsible any amount and all.
  • Welcome to Our Loan Website we provide all information about the loans and insurance like home loan, personal loan. business loan, Education loan, Gold Loan, Life Insurance, Health Insurance, Car Insurance, Medical Insurance, Business Insurance and overseas loans and Insurances etc..
  • Visit our website to get more all different loans and Insurances information.

Important Note:

  • HDFC BANK will provide car loan easily processing and not much document required.
  • Please contact near HDFC BANK Car Loan Department and ask all details about the car loan.
  • Please click below link to get more information about the car loan.

Home Page: Click Here

Apply Now: Click Here

Leave a Comment