HDFC Bank Car Loan in Bengaluru

About HDFC Bank Car Loan in Bengaluru

Bengaluru is the Silicon Valley of India and one of the best places to live in India. It is such a good feeling to drive your own car on the long roads of the city. After all, driving a car is a different feeling altogether. HDFC bank provides a car loan to the customer based in Bengaluru so that he/she can drive his/her favorite car. The bank has more than 100 branches in the capital of Karnataka.

HDFC Bank Car Loan Bengaluru at a glance

The important details about a car loan offered by HDFC bank in the city have been given below.

ParticularDetails
Interest rate8.00% - 13.00%
Loan amountMax. loan amount :

New Cars : Upto ₹ 3,00,00,000

Pre-owned Cars: Upto ₹ 50,00,000
TenureNew Cars : Up to 7 years

Pre-owned Cars: Up to 5 years
Processing feeNew Car: 0.4% of Loan Amount or ₹10000, whichever is lower

Pre-owned Car: 2% of loan amount or ₹ 5,000/-, whichever is lower
Pre-payment chargeNo foreclosure allowed within 6 months from date of availing the car loan; 6% of Principal Outstanding for preclosures within 1 year from 7th EMI;5% of Principal Outstanding for preclosures within 13-24 months from 1st EMI; 3% of Principal Outstanding for preclosures post 24 months from 1st EMI

Eligibility criteria for HDFC Bank Car Loan Bengaluru

The eligibility for a car loan offered by HDFC bank for different applicants have been given below-

Salaried Employee-

  • Should be at least 21 years of age while applying for a loan and <=60 years of age when the loan matures
  • Should have a job for a minimum of two years and must be working for the current employer for at least one year
  • Must earn a minimum annual income of ₹ 2,50,000. This can include the income of the co-applicant or spouse
  • Should have a post-paid mobile or a telephone

Self-employed individual (Sole Proprietorship)-

  • Need to be at least 21 years of age when the tenure starts and <=65 when the tenure ends
  • Need to be in their business for a minimum of two years
  • Need to have an annual income of at least ₹ 2,50,000 if you plan to get a standard car and mid-sized & premium cars respectively
  • Need to have a telephone at home or a post-paid mobile connection

Self-employed (Partnership Firms)-

  • Need to earn a minimum annual income of ₹ 2,50,000 if you plan to get a standard car 
  • People engaged as self-employed partners in the business of manufacturing, trading or services are eligible to apply for car loans.
  • Must have a landline in residence as well as office

Self-employed (Private Limited Companies) and Self employed (Public Limited Companies)-

  • Earn a minimum annual income of ₹ 2,50,000 in order to get a standard car. 
  • Landline connection in office is required

Documents required for HDFC Bank Car Loan Bengaluru

The list of all the important documents has been given below. Check them out right now-

  • Identity Proof- PAN Card, Voter ID Card, Passport, Driving License
  • Proof of Income- The applicants are required to submit the below documents as a proof of their income.

-Salaried employee: A salary slip along with Form 16

-Self-employed individual (Sole Proprietorship): Latest Income Tax Returns

-Self-employed (Partnership Firms): Audited Balance Sheet, latest two years Income Tax returns and Profit and loss account of the last two years

-Self-employed (Private Limited Companies): Audited Balance Sheet, P&L account of the last two years and Income Tax returns of the latest two years

-Self-employed (Public Limited Companies): Audited Balance Sheet and P&L account of the last two years

  • Proof of Address-

-Salaried employee and Self-employed individual (Sole Proprietorship): Driving license/Telephone Bill/Ration card/Life insurance policy/passport copy/Voter card/ electricity bill/PAN Card

-Self-employed (Partnership Firms), Self-employed (Public Limited Companies) and Self employed (Private Limited Companies): Sales Tax certificate/Electricity Bill/Telephone Bill/SSI registered certificate/Shop & Establishment Act certificate

  • Bank Statement-The applicant needs to show the bank statements of the past six months

For additional details, you can always refer to Car Loan Bengaluru.

Address of HDFC bank branches in Bengaluru

The complete list of HDFC bank branches in the city has been given below with the address, contact details and IFSC & MICR codes.

BranchAddressIFSCMICRContact details
Kasturba Gandhi Marg51, Kasturba Road, Bengaluru - 560001, KarnatakaHDFC0000009560240002080-22104687
Malleswaram63 / 1, Makam Plaza, , 18th Cross Margosa Road, Malleswaram, Bengaluru - 560055, KarnatakaHDFC0000041560240003080-66003333
KoramangalaNo 9, Eterna, Koramangala Ind. Layout, Bengaluru - 560095, KarnatakaHDFC0000053560240004080-66003333
Airport RoadGolden Towers, Next To Golden Enclave, Kodihalli, Airport Road, Bengaluru - 560017, KarnatakaHDFC0000075560240005080-66003333
M G Road25 / 1 M G Road, Shankaranarayana Building, Bengaluru - 560001, KarnatakaHDFC0000076560240007080-66003333
IT ParkG - 01, Tech Park Mall Area, , Discoverer Building, International Tech Park, Whitefield Road, Bengaluru - 560066, KarnatakaHDFC0000077560240006080-66003333
J P Nagar37 / 953, Ground Floor, 24th Main Road, , Sarakki 2nd Stage, , J P Nagar 2nd Phase, , Bengaluru - 560078, KarnatakaHDFC0000133560240008080-66634699
RT Nagar409 / 1, Golden Eye, , RT Nagar Main Road, , Bengaluru - 560032, KarnatakaHDFC0000140560240009080-66003333
Banashankari1, Kathriguppe Main Road, , 3rd Phase, 3rd Stage, 4th Block, , Opposite Foodworld, Banashankari, Bengaluru - 560085, KarnatakaHDFC0000157560240010080-66003333
Indira Nagar548 / D, Maruthi Mansion, , CMH Road, Indira Nagar, Bengaluru - 560038, KarnatakaHDFC0000184560240011080-66003333
JayanagarProfessional Court, , 27 / 7, 15Th Cross, , Jayanagar 3rd Block, , Bengaluru - 560011, KarnatakaHDFC0000261560240012080-66003333
UlsoorMount Kailash, 33 / 35, Meanee Avenue Road, , Halasuru, Bengaluru - 560042, KarnatakaHDFC0000286560240013080-66003333

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