You will need the following documents to apply for HDFC Car Loan:
Keep reading to learn how to apply for the HDFC Car Loan – Any of the following documents as proof of identity and address:
✔️Valid passport
✔️Permanent Driving License [Recent, Legible, Laminated]
✔️Voter ID card
✔️Job card issued by NREGA
✔️Letter issued by the National Population Register containing name and address details
✔️Aadhaar Card (Only if submitted voluntarily and supported by Aadhaar Consent Letter. First 8 digits of Aadhaar number to be modified on the physical copy) Aadhaar Card can be physical Aadhaar or print out of e-Aadhaar (not older than 30 days from the date of application form).
✔️Latest salary slip and Form 16 as income proof
✔️Bank statement of last 6 months
Keep reading to learn how to apply for the HDFC Car Loan.
Rates applicable on HDFC Car Loan
✔️Product: Auto Loan
✔️Minimum APR: 6.80%
✔️Avg APR: 7.55%
✔️Maximum APR: 10.25%
✔️Stamp Duty (Non-Refundable): On actual
✔️Overdue EMI Interest: 2% per month
✔️Processing Fee* (Non-Refundable): 0.5% of loan amount subject to minimum of Rs.3500/- and maximum of Rs.8000/- minus Rs. Processing fee for loan facility up to Rs. 5 lakh availed by Micro and Small Enterprises subject to submission of URC before disbursement
✔️Battle fee. 5 lakh availed by Micro and Small Enterprises subject to submission of URC before disbursement
✔️Cheque/Swapping Fees: Rs. 500/- example
✔️Loan Cancellation: In case of cancellation, interest charges from the date of disbursement till the date of cancellation of loan will be borne by the customer. Processing fee, stamp duty and documentation fee are non-refundable charges and will not be waived/refunded in case of loan cancellation.
How to Apply for the HDFC Car Loan?
How to apply for the HDFC Car Loan:
✔️Reach the official website of Bank HDFC
✔️Click on the top tab “Loan”.
✔️Select loan type
✔️ Click on “Apply Now”
✔️Follow the next steps.