HDFC Bank Car Loan in New Delhi

About HDFC Bank Car Loan in New Delhi

A customer of HDFC bank in New Delhi can get a car loan product to meet his/her vehicle needs. The product can be used to buy any passenger car or a MUV in the capital of India. So if you are thinking to buy a car but inadequate funds is stopping you from realizing your dream, you can take a car loan from the bank. There are more than 100 branches of the bank in New Delhi.

HDFC Bank Car Loan New Delhi 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 New Delhi

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 New Delhi

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

For more information you can check out Car Loan New Delhi.

Address of HDFC bank branches in New Delhi

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
KapasheraRZ - 2 Opposite Police Station, , Kapashera, New Delhi - 110037, New DelhiHDFC0001670 11024022061606161
Kasturba Gandhi MargG - 3 / 4, , Suryakiran Building, 19, Kasturba Gandhi Marg, New Delhi - 110001, New DelhiHDFC0000003 11024000161606161
Vasant ViharD - 1, Shopping Centre - 2, Vasant Vihar, , New Delhi - 110057, New DelhiHDFC0000011 HDFC0000011 61606161
Rajinder Nagar13 - B, Pusa Road, Bazar Marg, Old Rajinder Nagar, New Delhi - 110060, New DelhiHDFC0000026 11024000361606161
Greater KailashE - 6, Masjid Moth, Greater Kailash 2, New Delhi - 110048, New DelhiHDFC0000027 11024000561606161
SafdarjungC - 5 / 32, Sda, Safdarjung Development Area, New Delhi - 110016, New DelhiHDFC0000032 11024000461606161
SaketE - 143 Saket, ,New Delhi - 110017, New DelhiHDFC0000043 11024000761606161
New Friends ColonyD - 965, , Mata Ka Mandir, , New Friends Colony, , New Delhi - 110065, New DelhiHDFC0000089 11024000961606161
Punjabi Bagh17 Central Market, West Punjabi Bagh, New Delhi - 110026, New DelhiHDFC0000091 11024001161606161
Greater Kailash B - 54 A, Greater Kailash - 1, New Delhi - 110048, New DelhiHDFC0000092 11024001061606161
Vikas MargGf 1, 2, 3, Laxmi Deep Building, Laxmi Nagar, Centre, Vikas Marg, New Delhi - 110092, New DelhiHDFC0000120 11024001561606161

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