HDFC Bank Car Loan in Hyderabad

About HDFC Bank Car Loan in Hyderabad

HDFC bank offers a car loan to the customer based in the city of pearls, Hyderabad. Any customer can who meet the imposed eligibility criteria set by HDFC bank can avail a car loan from the bank. The bank has opened more than 100 branches in the capital of Telangana. The product is the best way to bring home your own car.

HDFC Bank Car Loan Hyderabad 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 Hyderabad

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 Hyderabad

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 Hyderabad for more information.

Address of HDFC bank branches in Hyderabad

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
Lakdikapul6 - 1 - 73 Gr Floor, Saeed Plaza, Lakdikapul, Hyderabad - 500004, TelanganaHDFC00000215002400029949493333
SecunderabadUsha Kiran Complex, Paradise Circle, , S. D. Road, Secunderabad - 500003, TelanganaHDFC00000425002400039949493333
Chanda NagarShop No 2&3, A K Plaza, , Near Telephone Exchange, , Chanda Nagar, Ranga Reddy, Hyderabad - 500050, Andhra PradeshHDFC00000455002400029949493333
Himayat Nagar Ground Floor Kalpavruksha, 3 - 6 - 475 / 3, , Himayat Nagar Main Road, Hyderabad - 500029, Andhra PradeshHDFC00000815002400059949493333
SainikpuriShri ManuS Aroha Chambers, Above Foodworld, Rukminipuri, Sainikpuri Main Road, , Hyderabad - 500062, Andhra PradeshHDFC00001265002400069949493333
DilsukhnagarH. No. 16 - 11 - 19 / 8 / 2 / A & B, Saleem Nagar Colony, Malakpet, Dilsukhnagar, Hyderabad - 500036, Andhra PradeshHDFC00002185002400079949493333
Jubilee HillsPlot No 1355A, , Road No 1 & 45, Jubilee Hills, Hyderabad - 500033, Andhra PradeshHDFC00003175002400099949493333
CharminarH. No. 21 - 1 - 516, 517, 518, , Rikabganj, Opposite High Court, , Charminar, , Hyderabad - 500002, Andhra PradeshHDFC00003185002400089949493333
KukatpallyPlot No 10 & 15, Dharma Reddy Colony, KPHB Colony, Kukatpally, Hyderabad - 500072, Andhra PradeshHDFC00003645002400029949493333
MehdipatnamSGM Mall, 12 - 2 - 825 & 826, Mehdipatnam, Hyderabad - 500028, Andhra PradeshHDFC00003655002400119949493333
NacharamNarmada Arcade, Plot No. 131, Snehapuri Colony, Nacharam, Hyderabad - 500076, Andhra PradeshHDFC00003685002400109949493333
West MarredpallyPlot No. 78 / A, Sterling Grand Cvk, , West Maredpally, Secunderabad - 500026, Andhra PradeshHDFC00003775002400129949493333

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