HDFC Car Loan Interest Rates, EMI, Eligibility
Are you looking for HDFC Bank Car loan interest rates? Find details on EMI ✓ Eligible Loan amount within seconds ✓ Processing Fees ✓ Interest Rates ✓ Documents ✓ Status ✓ Application Form ✓ Fees & charges ✓ Customer care Number online ✓ Best Offers ✓ Apply Online Now at emicalculator-india.com
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has about 76,286 employees including 12,680 women and has a presence in Bahrain, Hong Kong and Dubai. HDFC bank offer loan amount of upto 100% of the value of car. You can avail upto 6 times of annual income as loan amount.
HDFC Bank Car Loan Quick Apply
Point to point detail about HDFC Car loan
| Interest Rates | 8.80% – 8.90% |
| Processing Fee | 0.4% of Loan Amount subject to minimum of Rs.3000 and maximum of Rs.10000 |
| Minimum Income | Rs 15000 |
| Minimum Age | 21 Years |
| Maximum Loan Amount | 1.5 Crore or 6 times of annual income |
| Minimum Loan Amount | 1 Lakh |
| Repayment | 7 Years |
| Processing Fees | Rs.2825 to Rs.5150 (current offer 50% off on fees) |
| Pre Payment charges | Upto 6.00% of outstanding amount |
HDFC Car Loan EMI Calculator
borrowers can use this calculator for calculation of loan emi’s online within seconds. Just insert required loan amount, Interest rate & no. of period for repayment.
For Example, A person who took 6 lakh for 5 years period have to pay around Rs. 12,397 per month emi for next 60 months @ 8.80% ROI. In this period the total amount which will be returned to bank is Rs. 7,43,811. It mean’s they have to pay Rs 1,43,811 as interest to bank.
What are the stages involved in taking a car loan from HDFC?
There are three main stages –
Application – Whereby you submit a completely filled in application with all necessary documents
Sanction – Whereby you get an approval for a specific loan amount based on the value of your property and repayment capabilities
Disbursement – Whereby the loan amount is disbursed.
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