HDFC Bank Car Loan in Indore

Car Loan Rates EMI 2017 78 views

About HDFC Bank Car Loan in Indore

People in the city of Indore can think of buying their own car as HDFC bank is there to act as a guardian of their dreams. The bank gives a car loan to the people of the city at an affordable rate of interest. It has become the market leader in the car segment because it has cared to give the customer a memorable loan experience. The bank has opened over 20 branches in the city so that finance never becomes an obstacle for the people.

HDFC Bank Car Loan Indore at a glance

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

ParticularDetails
Interest rate

11.50% - 13.75%

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 Indore

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 Indore

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

Have a look at Car Loan Indore for more information.

Address of HDFC bank branches in Indore

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
Indore Main BranchUG 1 & 2, Trade House, 14 / 3 South Tukoganj, Indore - 452001, Madhya PradeshHDFC00000364522400029893603333
Cloth MarketCloth Market, Jawahar Marg, Rajmohalla, Indore - 452004, Madhya PradeshHDFC00002814522400039893603333
Vijay Nagar91 A/A, Ankur Alley, Scheme 54, Vijay Nagar, Indore - 452010, Madhya PradeshHDFC00004044522400049893603333
Commerce House7 Race Course Road, , Commerce House, Near 56 Shops, Indore - 452001, Madhya PradeshHDFC00012404522400059893603333
AB RoadUg 1 Bcm City, Navlakha Square, A B Road, Indore - 452001, Madhya PradeshHDFC00014054522400069893603333
ShennaiSHOP No - 9, 10, 11, Shehnai 2, Kanadia Road, Indore - 452016, Madhya PradeshHDFC00017724522400089893603333
Annapurna Road6 A, sector- A, Bhawanipur Colony, Annapurna Road, Indore - 452009, Madhya PradeshHDFC00017714522400099893603333
Palsikar squareAditya Regency, Manik Bagh Road, Palsikar Square., Indore - 452007, Madhya PradeshHDFC00020004522400109893603333
RajgarhOpp. Govt. Hospital, Chandra Shekhar Azad Marg, Indore - Ahmedabad Road, Rajgarh, - Dhar - 454116, Madhya PradeshHDFC00021384542405019893603333
Rau1514 Sai Vihar Colony, Rau, Indore - 453331, Madhya PradeshHDFC00021404522405019893603333
Airport RoadHop No. 11, Sita Shree Apartment, Mota Bag, Airport Road Indore Madhya Pradesh 452005HDFC00024874522400119893603333
SukhliyaC 602 Pandit Dindayal Upadhyay Nag Sukhliya Main Road Indore Madhya Pradesh 452001HDFC00036604522400159893603333

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