HDFC Bank Car Loan in Bhubaneswar

About HDFC Bank Car Loan in Bhubaneswar

HDFC bank has a box full of products and services for the customers based in Bhubaneswar. One of them is a car loan. The product is simply the best when it comes to financing for a new or an old car. The bank provides a car loan to suitable salaried employees and self-employed individuals. HDFC bank has set up more than 15 branches in the capital of Odisha so that finance is provided on time to the needy customer.

HDFC Bank Car Loan Bhubaneswar 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 Bhubaneswar

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 Bhubaneswar

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

Check out Car Loan Bhubaneswar for more information.

Address of HDFC bank branches in Bhubaneswar

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
JanpathTrishna arcade, Janpath - 1, Bhubaneswar, Bhubaneswar - 751001, OrissaHDFC00001227512400029937903333
Sahid Nagar Business park, first floor, Business park, first floor, C111 - Sahid Nagar, Bhubaneshwar - 751007, OrissaHDFC00010807512400069937903333
Sriya Talkies SquarePlot - 10 district centre, Chandrasekharpur, Bhubaneshwar - 751016, OrissaHDFC00012527512400059937903333
Samantarapur Plot No. 191, 204, 205 & 206, Near Rajarani Temple, Unit - 36, Samantarapur Bhubaneswar Orissa 751006HDFC00023967512400109937903333
Vivekananda MargPlot No. - 339 Vivekananda Marg Near Kalpana Square, Bhubaneswar, Khurda Orissa 751002HDFC00024027512400149937903333
BaramundaPlot No, D, Ruchika Market, On Nh-5, Baramunda H.B. Colony, Bhubaneswar Orissa 751003 HDFC00024577512400089937903333
Patia ChowkPatia Square, Opp - Axis Bank, Bhubaneswar Khurda Orissa 751024HDFC00025427512400099937903333
IRC VillagePlot No N5/537, IRC Village, Nayapalli, Near Indradhanu Market, Bhubaneswar Orissa 751015HDFC0002781Non-MICR9937903333
KIIT University KIIT University Campus 3 At Post Kiit Bhubaneswar Khurda Odisha 751024HDFC00039517512400179937903333
Infocity branch Plot Number E 3 Infocity Chandaka Industrial Estate Patia Bhubaneswar Khurda Odisha 751024HDFC00040137512400169937903333
BapujiPlot No Scr 15 Bapuji Nagar District Khurda Bhubaneswar Odisha 751009HDFC00043377512400199937903333
Jaydev ViharJaydev Vihar Bhubaneswar Near Biju Patnaik College Dist Khurda Bhubaneswar Odisha 751013HDFC00044917512400209937903333

People Also Look For

Personal Loan Interest Rates May 2018
Bajaj Finserv 10.99% - 16.00%
Fullerton India 14.00% - 33.00%
HDFC Bank 10.99% - 20.99%
ICICI Bank 10.99% - 18.40%
IndusInd Bank 10.99% - 16.00%
Kotak Bank 10.99% - 20.99%
RBL 13.00% - 18.00%
Standard Chartered Bank 10.99% - 14.49%
Tata Capital 10.99% - 18.00%
Home Loan Interest Rates May 2018
State Bank of India/SBI 8.35% - 8.90%
HDFC 8.40% - 9.10%
Bank of Baroda 8.40% - 9.40%
LIC Housing 8.45% - 8.90%
PNB Housing Finance 8.40% - 8.99%
ICICI Bank 8.45% - 8.95%
Axis Bank 8.40% - 8.75%
Citibank 8.40% - 9.25%
Indiabulls Housing Finance Limited 8.45% - 9.75%
Kotak Bank 8.35% - 8.50%
DHFL 9.00% - 10.00%
Reliance Home Finance 8.75% - 10.00%
EMI Calculator