All about HDFC Bank Car Loans

Overview

HDFC Bank is the largest bank in India by market capitalization, and is the largest private sector bank in India by assets.

It was incorporated in Mumbai in 1994, and has since grown to have over 5,500 branches across more than 2,700 cities and towns. 

HDFC has won many awards and accolades over the years. Most recently, it was awarded as the "India's Best Bank" by Euromoney Awards.

HDFC Bank is one of the largest provider of new & used car loans in India. It also provides special repayment schemes such as step up repayment plan, bullet repayment plan, balloon repayment plan, and 3 & 6 month relaxed EMI plans. 

Types of Car Loan Available from HDFC Bank

HDFC Bank presently offers 3 types of Car Loans:

 

1. New Car Loan: This product can be used to purchase only a new Car.

2. Used Car Loan: This car loan can be availed to purchase a pre-owned car.

3. Loan against Car: This loan can be used to avail money against car as a security.

To know about eligibility and features of all these loan types, please read here.

HDFC Car Loan Interest Rates & EMI

HDFC Car Loans Interest rates:

  • for New Car Loan start at 8.25%

  • for Used Car Loan start at 9.50%

  • for Car against Loan start at 11.00%

HDFC Car Loan 

Eligibility & Documentation

Please see HDFC Car Loan Eligibility here and Documents required here.

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