HDFC Car Loans
You can Fastrack your loan with our attractive car loan plans.
Auto Loan Takeover Plan
If you are a salaried individual holding any of the credit cards mentioned below, your loan gets processed faster.
Requirements:
- Facility is available to only HDFC bank account holders (CASA).
- All terms and conditions applicable for the used car product are applicable for the Loan take over product.
- Minimum 9 month old loan with any approved Financier with clear repayment track record
Advantage platinum Credit Card Plan
If you are a salaried individual holding any of the credit cards mentioned below, your loan gets processed faster.
- HDFC Bank International Credit Card
- Citibank Gold
- Citibank Diners
- HSBC Gold
- ANZ Grindlays Gold
- American Express Gold Card
- American Express Charge Card
- Standard Chartered Gold
Requirements:
- Your card has to be atleast one year old.
- You need to submit the last two billing statements.
- Small cars, normal funding up to three years.
- Funding on premium cars restricted to 70% under this plan.
- The plan does not include multi-utility vehicles.
Approval Plan
If you have an HDFC Bank Preferred Account or a Corporate Salary Account with HDFC Bank for more than six months, you can get fast approvals on your loans with minimal documentation
Eligibility & Documentation
Salaried Individuals
Eligibility Criteria:
- Minimum age of Applicant: 21 years
- Maximum age of Applicant at loan maturity: 58 years
- Minimum employment: 1 year in current employment and minimum 2 years of employment
- Minimum Annual Income: Rs 100000 net annual income
- Telephone: Must at residence
Documents required:
- Proof of Identity: – Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
- Income Proof: – Latest salary slip with form 16.
- Address Proof: – Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card.
- Bank Statement: – Not mandatory
Self Employed
Eligibility Criteria:
- Minimum age of Applicant: 21 years
- Maximum age of Applicant at loan maturity: 65 years
- Minimum employment: Atleast 3 years in business
- Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
- Telephone: Must at residence
Documents required:
- Proof of Identity: – Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
- Income Proof: – Latest ITR
- Address Proof: – Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card
- Bank Statement: – Waived for small cars, for mid – sized and premium cars if income is greater than Rs. 1.5 lakhs then bank statement requirement can be waived.
Partnership Firms
Eligibility Criteria:
- Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
- Minimum turnover: Turnover Rs. 4.5 lakhs
- Telephone: One phone at least at business and at residence of the loan executing partner
Documents required:
- Proof of Identity: – NA
- Income Proof: – Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company
- Address Proof: – Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate
- Bank Statement: – Waived for small cars, for mid – sized and premium cars if income Is greater than Rs 1.5 lakhs then bank statement requirement can be waived
Private Limited Company
Eligibility Criteria:
- Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p a for mid-sized and premium cars
- Minimum turnover: Turnover Rs 4.5 lakhs
- Telephone: One phone at least at business premises
- • Proof of Identity: – NA
- • Income Proof: – Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company
- Address Proof: – Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate
- Bank Statement: – NA
- Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p a for mid-sized and premium cars
- Minimum turnover: Turnover Rs 4.5 lakhs
- Telephone: One phone at least at business premises
- Proof of Identity: – NA
- Income Proof: – Audited balance sheet, Profit & Loss Account for latest two years
- Address Proof: – Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate
- Bank Statement: – NA
Documents required:
Public Limited Company
Eligibility Criteria:
Documents required: