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HDFC Bank Car Loan offers 100% finance to purchase your dream vehicle. Maximum loan tenure is up to 7 years. Interest rates vary from 11.50% to 17.50% depending on the segment and age of vehicle. Apply now through CreditMantri and get best deals on car loans at HDFC Bank.
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India is also a growing market for automobiles, the passenger car market showed growth double digit growth in the last year. The growth is also seen across car categories which include compact car, sedan and utility leading to the breaking of a long-held belief that India is just an economic small car market. International car manufacturers have also made their presence felt by creating cars for the Indian soil.
From a period where owning a car itself was difficult we have moved to what type of car and brand should we choose. Not everyone can choose the car they want and pay in a single check. This is where a car loan from HDFC bank can help you.
HDFC Bank provides cars loans. On discovery that many people are interested in buying a car for either comfort, safety or any other reason will not be able to buy their dream car on their own. They should either go for a car that they don’t want because it is cheaper or wait and save to buy the car which will take time and the car model might change. The borrower can pay back HDFC Bank through equated monthly instalments or EMI(s). HDFC Bank believes in providing the right applicant by providing with loans which are cost effective way to purchase a car.
Other Charges for HDFC Car Loan
HDFC bank also provides loans for used or pre-owned cars for 100% of the car price.
HDFC Bank Pre-Owned Car Loans Eligibility
The following are the documents required for HDFC Bank car loan
Self Employed Individuals (Partnership Firms):
Self Employed Individuals (Private Limited Companies)
You can apply for a car loan with HDFC Bank through CreditMantri, after selecting your car from the models available, you can look for the perfect lender based on your CreditMantri profile, which would mean that you can be sure about the loan amount not being rejected as the match is based on your credit profile.
HDFC Bank Car Loan Eligibility Check
Before a person applies for an HDFC Bank car loan it is best to do an eligibility check which is available on the HDFC Bank website and at CreditMantri.com This way your credit score will not be affected as the bank will only soft pull your credit score and compares with other internal criteria to make sure you are eligible.
CreditMantri’ s Car Loan EMI Calculator and HDFC Bank Car Loan Calculator is the best and easiest way to compare various car loan offers and choose the loan best suited to your requirements. Using the Car Loan EMI Calculator, you get a simple and quick way to accurately compare the various loans and determine what your EMI will be with the different lenders.
1. Does HDFC bank provide 100% finance for car loans?
HDFC Bank provides 100% finance on car loans for those who are looking to buy a car in India
2. What is the maximum tenure for HDFC Bank car loan?
The maximum loan tenure is up to 7 years.
3. What type of cars do HDFC bank provide car loans for?
HDFC Bank offers auto loans for most passenger cars, multi-utility vehicles and sports-utility vehicles that are available in India and are bought for personal use.
4. Do I have to provide any security to avail an HDFC Bank car loan?
HDFC bank car loan is a form of secured loan where your car will act as a collateral.
5. Can I sell my vehicle before I repay the entire car loan taken from HDFC bank?
You cannot enter a transaction with any seller without a 'No Objection Certificate' (NOC) from HDFC Bank. The NOC can only be obtained after foreclosure or after you have paid off your loans
6. Can I get a car loan to purchase a used car?
If you are looking to buy an old car or if an old is what that interests you, there are loans that banks give loans for the same.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.