HDFC Bank Car Loan in Kochi

About HDFC Bank Car Loan in Kochi

The beautiful city of Kochi has many car aspirants who wish to buy a car someday. The dreams of such people are supported by a bank that has fulfilled so many wishes. That bank is HDFC bank. The bank offers a car loan to the customer based in Kochi so that he/she can become the owner of a stylish car/ There are more than 20 branches of the bank in Kochi.

HDFC Bank Car Loan Kochi 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 Kochi

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 Kochi

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

Know more at Car Loan Kochi.

Address of HDFC bank branches in Kochi

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
RavipuramGround Floor, Elmar Square, M G Road, Ravipuram, Kochi - 682016, KeralaHDFC00000206822400029895663333
KadavanthraMks Towers, Sahodaran Ayyappan Road, Kadavanthra, Kochi - 682020, KeralaHDFC00002956822400049895663333
Banerji RoadSudhas Building, Madhava Pharmacy Jn., Banerji Road, Kochi - 682018, KeralaHDFC00005106822400079895663333
PalarivattomBuilding No. 32, 1182, Palarivattom Junction, Palarivattom, Kochi - 682025, KeralaHDFC00005206822400029895663333
KalamasserySruthi Towers, , Near Nest, NH 47, South Kalamassery, Kochi - 682033, KeralaHDFC00007176822400089895663333
AluvaPoornima Bldg., Ground Floor, By Pass Junction, Aluva, Kochi - 683101, KeralaHDFC00003106822400059895663333
TripunithuraPindis Arcade, Market Jn. Hill Palace Road, , Tripunithura, Kochi - 682301, KeralaHDFC00004016822400069895663333
KakkanadK & T Towers, , Near Kakkanad Post office, Kakkanad, Kochi - 682030, KeralaHDFC00006846822400109895663333
ParavurFirst Floor, Adamplaza, Temple Road, N. Paravur, Kochi - 683513, KeralaHDFC00008236822400099895663333
Main Branch Choice TowersChoice Towers, Manorama Jn., Ernakulam, Kochi - 682016, KeralaHDFC00012186822400189895663333
EdapallyGround Floor, National Nandanam, , Palace Road, , Edapally, Kochi - 682024, KeralaHDFC00012866822400259895663333
ThoppumpadyCatholic Centre, St. Joseph College Building, Thoppumpady, Kochi - 682005, KeralaHDFC00012946822400239895663333

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