HDFC Bank Car Loan in Lucknow

About HDFC Bank Car Loan in Lucknow

A person is the capital of Uttar Pradesh can think of becoming the owner of a stylish new car. His/her dreams can be realised with the help of a HDFC bank car loan. The product can be used for buying both old and new cars. The bank provides a car loan to all the eligible applicants based in Lucknow at good interest rate. There are more than 20 branches of HDFC bank in the city of Nawabs.

HDFC Bank Car Loan Lucknow 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 Lucknow

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 Lucknow

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

Read more at Car Loan Lucknow.

Address of HDFC bank branches in Lucknow

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
Hazratganj31 / 31 Mg Marg, Hazratganj, Lucknow - 226001, Uttar PradeshHDFC00000782262400029935903333
Faizabad Road11, Raised Ground Floor, Lekhraj Khazana, Faizabad Road, Lucknow - 226016, Uttar PradeshHDFC00002962262400039935903333
AliganjA1 / 15, Sector H, Main Purania Chauraha, Aliganj, Lucknow - 226024, Uttar PradeshHDFC00004122262400049935903333
Alambagh56 & 57 Chander Nagar, Alambagh, Lucknow - 226005, Uttar PradeshHDFC00007222262400089935903333
AminabadA. R. Centre, Opposite Gulmarg Hotel - Aminabad, Lucknow - 226018, Uttar PradeshHDFC00007232262400079935903333
Gomti Nagar5 / 19 Vishal Khand, Gomti Nagar, Lucknow - 226010, Uttar PradeshHDFC00011122262400099935903333
Rajajipuram2Cp 213 - 216 E Block, Main Road, Rajajipuram, Lucknow - 226017, Uttar PradeshHDFC00011362262400119935903333
Tekari Chambers17 / 3 Tekari Chambers, Ashok Marg, Lucknow - 226001, Uttar PradeshHDFC00012672262400109935903333
Usman Road72/2, Usman Road, Near Command Canteen, Cantt Lucknow Uttar PradeshHDFC00019072262400139935903333
JankipuramB - 1 / 294, Jankipuram, Lucknow - 226021, Uttar PradeshHDFC00019082262400129935903333
AashianaA - 849, Sector I, Aashiana, Lucknow - 226012, Uttar PradeshHDFC00019432262400149935903333

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