HDFC Bank Car Loan in Chandigarh

About HDFC Bank Car Loan in Chandigarh

The entire feeling of driving on the roads of one of the best cities in India can’t be described in words. Chandigarh is the place to live in. There is greenery all around and the roads are a treat to drive. The roads of the city are always buzzing with stylish cars. If you live in Chandigarh and want to buy a car of your own, you can avail a HDFC bank car loan. There are more than 20 branches of the bank in the city.

HDFC Bank Car Loan Chandigarh 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 Chandigarh

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 Chandigarh

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 Chandigarh for more information.

Address of HDFC bank branches in Chandigarh

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
Sector 35- BSco 371 - 372, Sector 35 - B, Chandigarh - 160022HDFC000003516024000261606161
Sector 8 - CSco 78 - 79, Sector 8 - C, Chandigarh - 160008HDFC000010716024000561606161
Sector 17 - CSco 147 - 148, Sector 17 - C, Chandigarh - 160017, PunjabHDFC000021316024001261606161
Sector - 46 - DSCO - 87, Sector - 46 - D, Chandigarh - 160047HDFC000043416024001561606161
ManimajraSCO 850 Nac, Manimajra, Chandigarh - 160101HDFC000043516024001361606161
Sector - 37 DSco 382, Sector - 37 D, Chandigarh - 160036, Union TerritoryHDFC000045016024001461606161
Sector - 22Sco 1070 - 71, Sector - 22, Chandigarh - 160022HDFC000059716024001861606161
Industrial AreaPlot No. 28, Industrial Area, Phase 1, ChandigarhHDFC000087316024002061606161
Sector - 15 CSCO 3, Near Post Office, Sector - 15 C, Chandigarh - 160017HDFC000121716024002161606161
Sector 9DSco 60 - 63, Sector 9D, Chandigarh - 160017,HDFC000130616024002561606161

People Also Look For

Personal Loan Interest Rates October 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank11.50% - 14.50%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates October 2018
State Bank of India/SBI8.70% - 9.25%
HDFC8.80% - 9.60%
Bank of Baroda8.55% - 9.55%
LIC Housing8.70% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank8.85% - 9.10%
Axis Bank8.80% - 9.05%
Citibank8.90% - 9.65%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 10.00%
EMI Calculator