Loan offers on Car by HDFC Bank

Loan offers on Car by HDFC Bank | HDFC Bank Car Loans

This article is based on loan offers on Car loans by HDFC bank.  if you are looking for a car loan. HDFC Bank provides the best car loan offer on Diwali, & Dhanteras Offer.

Loan offers on Car by HDFC Bank


About Car Loan Offer

Many people dream of buying a car but they do not get it because of the shortage of cash instantly. That’s why to solve this problem, Many Banks take steps to fulfill their dream. The bank is providing Car loans for those people with low interest rates.

HDFC Bank Car Loan offer

Like other banks, HDFC Bank offers car loans at attractive interest rates of 7.95% to 8.30% depending on the type of car. Car loans offered by banks come with a repayment period of up to 7 years. With minimum documentation, anyone can get this loan and fulfill their Dream Car, if they are eligible for this.

Other Loan offers: ICICI Bank new car loan offers

How to check pre-approved car loans in HDFC Bank?

Basically, most of the Car Loan Criteria are the same for HDFC Bank Pre-approved Car loans. In addition, you can also visit their official website to cross-check for this.

What are HDFC Bank Car loan Eligibility Criteria?

Salaried Person : 

  • Your Age must be between 21 and 60 years
  • Employed for at least 1 year with current employer for a minimum of 2 years
  • Your income is at least 3 lakh per year.

Self-employed person (sole proprietorship)

  • Must be in trading, manufacturing, or service business
  • Age between 21 and 65 years
  • Business stability is at least 2 years.
  • Annual income is at least 3 lakh rupees

 

Self-Employed Person (Private and Public Limited Company)

  • Owning a private company in the manufacturing, trading, or service business
  • The minimum annual income should be Rs 3 lakh

 

How to apply for a new car loan in HDFC Bank?

There are two ways to apply for HDFC Bank Car Loan. One is Online Mode and another is Offline Mode

 

  1. Online mode: Kindly Visit the official website of HDFC Bank and then go to the car section and click on Apply Online button and enter your Mobile Number. Then the executive will call you for further process.
  2. Offline mode: Go to the nearest HDFC branch office and discuss the loan with the bank manager or an employee of the department. 

Note:  My recommendation is offline.

What is Interest Rate on Car Loan in HDFC Bank?

The Interest rate of HDFC Bank Car Loan is Starting from 7.95% to 8.30% depending on the segment of vehicle.

What are the documents required for HDFC Bank Car Loan?

These are the following documents you need to carry along with the HDFC Bank Car Loan Application form.

Salaried Individuals:

  • Identity Proof (Aadhar Card/Voter Card/PAN Card/ Driving License )
  • Address proof (Aadhar Card/Driving License /Passport /Voter Card/Electricity Bill)
  • Age Proof (Birth Certificate/Voter card)
  • Latest salary slip or Form 16 as income proof
  • Employment Stability Proof
  • Last 6 months Bank Statement

Businessman/Businesswomen/Self Employed Professional Individuals:

  • Identity Proof (Aadhar Card/Passport/ Voter Card/PAN Card/ Driving License )
  • Address proof (Aadhar Card/Driving License /Passport /Voter Card/Electricity Bill)
  • Age Proof (Birth Certificate/Voter card)
  • Last 6 months Bank Statement
  • Last 2 Financial Years Income Tax Returns the file
  • Balance Sheet
  • Business Stability proof or Ownership proof

HDFC Bank car loan – features 

HDFC car loans are very popular among car buyers due to their car loan business. Some of the key features of car loans offered by HDFC Bank include:

  • You can get 100% finance for your new car.
  • Minimum down payment
  • HDFC Bank approved a car loan within just 30 minutes.
  • The flexible loan repayment period is 7 years
  • Competitive and fixed interest rates.
  • Low car loan EMI

Read more Loan offer:
Get Pre Approved Personal loan by MoneyTap App with low interest

ICICI Bank offers loans on Gold 

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