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HDFC Car Loan

HDFC bank provides car loans to its customers for a wide range of car models. These HDFC car loans are available for both new cars as well as old cars.

Contents

  • 1 HDFC car loans for NEW CAR
    • 1.1 Eligibility for Salaried individuals:
  • 2 Documents required for HDFC Car Loan
  • 3 Eligibility for Car Loan for Self-employed individuals
  • 4 Documents required for HDFC Car Loan
  • 5 HDFC car loans for USED CAR
    • 5.1 Eligibility for Salaried individuals:
  • 6 Documents required
  • 7 Eligibility for Self-employed individuals
  • 8 Documents required

HDFC car loans for NEW CAR

Eligibility for Salaried individuals:

  • Applicant must have a minimum age of 21 years.
  • Maximum age allowed is 58 years on loan maturity.
  • Minimum of 1 year employment with current employer and at least 2 years of total employment.
  • Minimum net annual income of Rs 1 lac.
  • Residence telephone proof must be give.

Documents required for HDFC Car Loan

  • Identity proof.
  • Income proof.
  • Address proof.
  • Bank Statement. (not mandatory)

Eligibility for Car Loan for Self-employed individuals

  • Applicant must have a minimum age of 21 years.
  • Maximum age allowed is 65 years on loan maturity.
  • Minimum 3 years in business.
  • Minimum net annual income of Rs 1 lac (net profit) for mid-sized and premium cars and minimum net annual income of Rs 60,000 (net profit) for standard car.
  • Residence telephone proof must be give.

Documents required for HDFC Car Loan

  • Identity proof.
  • Income proof. (Latest ITR)
  • Address proof.
  • Bank Statement. (waived in case the income is more than Rs. 1.5 lakhs)

HDFC car loans for USED CAR

Eligibility for Salaried individuals:

  • Applicant must have a minimum age of 21 years.
  • Maximum age allowed is 58 years on loan maturity.
  • Minimum of 1 year employment with current employer and at least 2 years of total employment.
  • Minimum gross annual household income of Rs 60,000.
  • Residence telephone proof must be give.

Documents required

  • Identity proof.
  • Age proof.
  • Income proof.
  • Address proof.
  • Sign verification proof.

Eligibility for Self-employed individuals

  • Applicant must have a minimum age of 21 years.
  • Maximum age allowed is 65 years on loan maturity.
  • Minimum 3 years in business.
  • Minimum net annual income of Rs 60,000.
  • Residence telephone proof must be give.

Documents required

  • Identity proof.
  • Age proof.
  • Income proof. (Latest ITR)
  • Address proof.
  • Sign verification proof

Comments

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