Highlights

• Repayment options range from 12 to 84 months.
• Borrow up to 3 times annual salary (for salaried professionals) and 6 times annual income (for self employed professionals).
• HDFC Bank account holders will get special rates
• Corporate salary account holders of HDFC Bank can get fast approvals on car loans with minimal documentation.
• For existing HDFC Bank Car Loan customer with a clear repayment of 12 months or more, the bank offers to top-up car loan to the extent of the original loan value.
• With HDFC Bank's Overdraft Against Car, you can get an overdraft against your car and utilise the money for your personal or business needs.

Eligibility

• HDFC Car loan can be availed of by anybody over the age of 21 years and below 58 years
• The borrower should be employed in current job for 1 year and minimum 2 years of employment
• Minimum Annual Income: Rs 100,000 net annual income
• The borrower should have a telephone at the residence
  

Loan Amount

Can borrow up to 3 times annual salary (for salaried professionals) and 6 times annual income (for self employed professionals).

Margin

Up to 80% of the value for used cars and up to 100% on select models of new cars

Documents Required

• Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
• Income Proof: - Latest salary slip with form 16.
• Address Proof: - Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card.
• Bank Statement:- Not mandatory