Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range

Rate of Interest

  • Floating Rate of Interest : 9.15% to 11.6% p.a.
  • fixed Rate of Interest  9.25% p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 year to 7 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee 0.4%  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about HDFC Bank

HDFC Bank it is incorporated in 1994, it is the fifth largest bank in india. HDFC bank offers some of the best car loans available in the market. It offers attractive car finance plans for all car segments at very low interest rate and it covers the widest range of cars and multiutility vehicles. HDFC stands for Housing Development Finance Corporation Limited. It is the largest bank in India in terms of market capitalization and it is the second largest private bank in India

Your Eligibility depends on following

You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans loweryour eligibility
Pay off your credit card bills
Choose longer tenure loan up to 7 years

Rate of Interest and Other Charges for New Car Loan are following

Rate of interest for HDFC Car Loan:


Type of Loan

Rate Of Interest


New Car Loan(Floating)

9.15% to 11.6% p.a.


New Car Loan(Fixed)

9.25% p.a.

Existing Loan take over or New Loan

HDFC bank car loans offers finance at attractive interest rates for your new car.

HDFC bank loan for a new car comes with the following benefits and features:

  • You can avail up to 100% finance on your new car. But, this facility is offered on specific car models.
  • HDFC Car loan is approved in 30 minutes
  • The loan can be repaid in flexible repayment tenures ranging from 12 months up to a maximum of 84 months.
  • Car loans up to Rs. 1.5 Cr.
  • Fast-track your car loan by choosing from one of the HDFC plans that suits you.
  • The quantum of the car loan can be up to 6 times the yearly income of the borrower.
  • Check eligibility for HDFC car loan in less than a minute.
  • HDFC car loans can be availed for the widest range of cars and multi-utility vehicles in India.
  • Affordable EMI repayment options on each and every type of HDFC Bank car loan.
  • Unique schemes for existing HDFC bank customers.
  • Attractive interest rates.

Features of Loan

Features of HDFC Bank Car Loan:

Here are some features for HDFC Bank Car loan

  • You can avail 100% finance for your car
  • HDFC Bank Car loan is approved within a really short time span of just 30 minutes
  • Flexible loan repayment tenure of 7 years
  • Fixed rate of interest
  • Lowest down payments
  • Low Car loan EMI

Documents Required for applying Car loan with HDFC Bank

  1. Age Proof (Any one from these)
  • PAN Card
  • Passport
  • Voter ID
  • Aadhaar Card
  • School or College Leaving Certificate.
  1. Identity Proof (Any one from these)
  • PAN Card
  • Passport/Voter ID
  • Aadhaar Card
  • Driving License
  1. Residence Proof (Any one from these)
  • Passport
  • Voter ID
  • Electricity Bill
  • Telephone Bill
  • Life Insurance Policy
  1. Signature Verification Proof
  • PAN Card
  • Passport
  • Aadhaar Card
  • Any Other Documents Supporting Signature Proof
  1. Bank Statement
  • Bank Statement of Last 3-6 Months
  1. Income Proof

                  For Salaried-

  • Salary Slip of Last 3-6 Months.
  • Form 16 of Last 2 years.

                  For Self Employed-

  • ITR of Last 3 Years Profit & Loss A/C Statement
  • Audited Balance Sheet for Last 3 Years