Car Loan Rates EMI 2020740 views
Table of Contents
About HDFC Bank Car Loan in Chennai
HDFC bank provides a car loan product to all the eligible customers in the capital of Tamil Nadu. The bank has designed a car loan so as to meet the vehicle requirement of its customers. A person in Chennai can now think about driving his car on any road of the city. HDFC bank has opened up over 100 branches here so that the product can be disbursed on given time.
HDFC Bank Car Loan Chennai at a glance
The important details about a car loan offered by HDFC bank in the city have been given below.
|Interest rate||8.25% - 14.01%|
|Loan amount||Max. loan amount : |
New Cars : Upto ₹ 3,00,00,000
Pre-owned Cars: Upto ₹ 50,00,000
|Tenure||New Cars : Up to 7 years|
Pre-owned Cars: Up to 5 years
|Processing fee||New 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 charge||No 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 Chennai
The eligibility for a car loan offered by HDFC bank for different applicants have been given below-
- 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 Chennai
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 Chennai for more information.
Address of HDFC bank branches in Chennai
The complete list of HDFC bank branches in the city has been given below with the address, contact details and IFSC & MICR codes.
|ITC Centre Anna Salai||759, ITC Centre, Anna Salai, Chennai - 600002, Tamil Nadu||HDFC0000004||600240002||9840673333|
|Besant Nagar||T - 31, 7Th Avenue, , M G Road, , Besant Nagar, , Chennai - 600090, Tamil Nadu||HDFC0000010||600240003||9840673333|
|Anna Nagar||AA - 8, , Second Avenue, Anna Nagar, Chennai - 600040, Tamil Nadu||HDFC0000017||600240004||9840673333|
|Valasaravakkam||8, Arcot Road, Valasaravakkam, Chennai - 600087, Tamil Nadu||HDFC0000024||600240005||9840673333|
|Nungambakkam||40, Nungambakkam High Road, Chennai - 600034, Tamil Nadu||HDFC0000082||600240006||9840673333|
|Madipakkam||No 5, Sabari Salai, , Madipakkam, Chennai - 600091, Tamil Nadu||HDFC0000111||600240008||9840673333|
|Kilpauk||No. 31 / 32, Balfour Road, , Kilpauk, , Chennai - 600010, Tamil Nadu||HDFC0000124||600240009||9840673333|
|Ashok Nagar||53, Plot No 41B, 4th Avenue, Ashok Nagar, Chennai - 600083, Tamil Nadu||HDFC0000136||600240010||9840673333|
|R. A. Puram||No 10, III Cross Street, Opposite Chennai Kaliappa Hospital, R. A. Puram, Chennai - 600028, Tamil Nadu||HDFC0000141||600240012||9840673333|
|Parrys Corner||No 3, Mcdowell House, , 2Nd Line Beach, Parrys Corner, Chennai - 600001, Tamil Nadu||HDFC0000166||600240011||9840673333|
|T Nagar||56, Opposite Jeeva Park, G. N. Chetty Road, T Nagar, Chennai - 600017, Tamil Nadu||HDFC0000206||600240013||9840673333|
|Chitlapakkam||Unique Auto No - 5, Opposite Tambaram Fire Station G. S. T Road, Sanatorium, Chitlapakkam Town, Chennai - 600047, Tamil Nadu||HDFC0000260||600240014||9840673333|