HDFC Bank Car Loan in Patna

Last Updated : Feb. 29, 2020, 4:59 p.m.

About HDFC Bank Car Loan in Patna

A customer in Patna can now get a car loan product from HDFC bank. HDFC bank is one of the country’s leading private sector banks. The bank has opened over 20 branches in the capital of Bihar. The product can be availed by any eligible salaried employee or a self-employed individual. The bank finances all the passenger cars or MUVs manufactured in the country.

HDFC Bank Car Loan Patna at a glance

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

Eligibility criteria for HDFC Bank Car Loan Patna

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 Patna

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 Patna for more information.

Address of HDFC bank branches in Patna

The complete list of HDFC bank branches in the city has been given below with the address, contact details and IFSC & MICR codes.