Buying your dream car is now faster and easier with the HDFC Bank Xpress Car Loan. Designed to provide quick approvals, attractive interest rates, and flexible repayment options, this loan makes car ownership affordable and stress-free. Whether you are a salaried employee or a self-employed professional, HDFC ensures you get the financial support you need with minimal paperwork and maximum convenience. 

What is HDFC Xpress Car Loan?

HDFC Xpress Car Loan is a fast, fully digital car loan that lets you apply online and get approval within 30 minutes. It offers up to 90% financing on new cars, with loan amounts from ₹1 lakh to ₹20 lakhs. The process is simple, paperless, and funds are directly disbursed to the car dealer. Flexible repayment tenures of up to 7 years make it easy to own your dream car quickly and conveniently.

Key Features of HDFC Xpress Car Loan 

The HDFC Xpress Car Loan is designed to make car ownership simple, quick, and stress-free. Here are the standout features that make it one of the most preferred car loan options in India: 

  • Loan Amount up to ₹20 Lakhs 
    Borrow anywhere between ₹1 lakh to ₹20 lakhs, depending on your eligibility. For selected cars, HDFC finances up to 90% of the on-road price, making it easier for you to afford your dream vehicle without a heavy upfront cost. 

  • Super-Fast Loan Processing 
    The application process is quick and seamless, with approvals possible within just 30 minutes for eligible and pre-approved customers. 

  • Quick Disbursal of Funds 
    Once approved, funds are disbursed swiftly. HDFC ensures the loan amount reaches the car dealer within 48–72 hours, so you can bring home your new car without delays. 

  • Flexible Repayment Options 
    Repay your loan comfortably in easy EMIs, with repayment tenures lasting up to 7 years. This flexibility ensures your monthly budget is not burdened. 

  • Direct Payment to Dealers 
    The sanctioned loan amount is transferred directly to the car dealer, ensuring a hassle-free and secure transaction. 

  • Wide Car Coverage 
    With the Xpress Car Loan, you can purchase any type of car—be it a compact hatchback, stylish sedan, spacious SUV, or a family-friendly MUV. 

HDFC Xpress Car Loan Interest Rates 

The HDFC Xpress Car Loan offers attractive financing options with rack interest rates starting from 9.40% per annum. The exact rate you receive is determined by factors such as the loan amount you choose, the repayment tenure, and your CIBIL score. Applicants with a strong credit profile and stable income are more likely to enjoy lower interest rates, making the loan more affordable. This flexible pricing ensures that customers get a fair deal tailored to their financial background. 

Eligibility Criteria for HDFC Xpress Car Loan 

HDFC Bank has simple eligibility rules to ensure quick loan approval. 

For Salaried Individuals 

  • Open to employees of private companies and public sector undertakings (PSUs). 

  • Applicant’s age should be between 18 and 60 years at the time of loan maturity. 

  • Must have a minimum annual income of ₹3 lakh. 

For Self-Employed Applicants 

  • Available to business owners, professionals, and sole proprietors. 

  • The applicant’s age should range from 21 to 65 years at the time of loan maturity. 

  • Should have an annual income of at least ₹3 lakh. 

HDFC Xpress Car Loan Fees and Charges 

Particulars 

Charges Applicable 

Documentation charges* 

₹650 per case (this fee is non-refundable, even if the loan application is cancelled). 

Processing Fee 

Up to 1% of loan amount (Min ₹3,500, Max ₹9,000) 

Loan Cancellation Charges 

NIL cancellation charges. 

Prepayment Charges 

Allowed after 12 EMIs; 6% of outstanding principal 

Foreclosure Charges 

6% of outstanding principal at the time of closure 

Part-Prepayment Charges 

5% of the part-payment amount 

Stamp Duty (non-refundable) 

At actuals 

RTO Transfer Charges 

At Actuals 

Repayment Mode change charge 

Rs. 500/- per instance 

Penal Interest on Overdue EMI 

2% per month on overdue EMI (calculated daily) 

Duplicate no due certificate / NOC 

₹250 per instance 

CIBIL charges (only on request) 

₹50 

Loan Rebooking / Rescheduling 

₹1,000 + GST 

Registration Certificate (RC) Collection Fees 

₹600 per case (To be refunded in case of case cancellation.) 

Documents Required for HDFC Xpress Car Loan 

Having the right documents ready helps speed up the loan process: 

  • Identity Proof: Aadhaar Card / PAN Card / Passport / Voter ID 

  • Address Proof: Utility bills / Aadhaar / Passport / Driving License 

  • Income Proof: Salary slips (last 3 months) / Bank statements (last 6 months) / ITR for self-employed 

  • Photograph: Recent passport-size photo 

  • Car Quotation/Invoice: From the dealer 

Conclusion 

The HDFC Xpress Car Loan is a convenient and affordable way to finance your dream car. With attractive interest rates, flexible repayment options, minimal documentation, and quick approvals, it is one of the best car loan offerings in India. Whether you are a salaried individual, self-employed professional, or a business entity, HDFC Bank has customized solutions to meet your needs. 

By choosing HDFC, you not only get access to competitive financing but also the trust and support of one of India’s largest private banks. So, if you’re planning to buy a car, the HDFC Xpress Car Loan could be the right option for you. 

Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Given that this type of data may change over time, we cannot guarantee the accuracy of the information supplied or included within it. It is anticipated that the user will confirm with the relevant source before making any choices or taking any actions.