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.

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