HDFC Bank gives maximum loan of 90% of the invoice value on new cars. The minimum loan amount is Rs.50,000/- and the maximum amount varies depending on the car model and other features. The loan duration varies from 1 year to 7 years. One can pre-pay the loan any time after 6 months of availing of the loan by paying a small prepayment fee on the outstanding loan amount.

Features of Loan

Covers the widest range of cars and multi-utility vehicles in India.
Avail 100% finance on your favourite car.
Flexible repayment options, ranging from 12 to 84 months.
Borrow up to 3 times your annual salary (for salaried professionals) and 6 times your annual income (for self employed professionals).
Speedy processing - within 48 hours.
Repay with easy EMIs.
Attractive car loan plans - To Fast-track your loan, just choose the plan that is right for you.
Attractive Interest rates
Hassle-free documentation.

Customer Privileges For Loans

If you are an HDFC Bank account holder, we have special rates for you.
If you have had a Preferred Account or a Corporate Salary Account with HDFC Bank for more than six months, you can get fast approvals on your loans with minimal documentation.
If you are an existing HDFC Bank Car Loan customer with a clear repayment of 12 months or more we can Top-Up your car loan to the extent of the original loan value.

Used Car Loans

The maximum loan amount of HDFC Bank, given for used cars is up to 80% of the invoice value. One can choose from loan tenure options of 12, 24, 36, 48, or 84 months.

Features of Loan

Choose any car manufactured in India within a certain age
Borrow up to 80% of the value of the car.
Flexible repayment options, ranging from 12 to 60 months.
Borrow up to 3 times your annual salary (for salaried professionals) and 6 times your annual income (for self employed professionals).
Available for almost all car models at attractive interest rates.
Repay with easy EMIs.
Attractive car loan plans - To Fastrack your loan, just choose the plan that is right for you.
Additional loan on existing loan - If you are a existing HDFC Bank Auto loan customer with a clear track record of 12 months or more, then you can get an additional loan to the extent of your existing loan amount at attractive rate of interest.

Customer Privileges For Loans

Special benefits for HDFC Bank account holders.
If you have had a Preferred Account or a Corporate Salary Account with HDFC Bank for more than six months, you can get fast approvals on your loans with minimal documentation

For the details on eligibility conditions, documentation requirements and other details of HDFC Bank car loans in India, click on the links:

For used car loans - http://www.hdfcbank.com/personal/loans/used_car.htm
For new car loans - http://www.hdfcbank.com/personal/loans/new_car.htm