FAQs

No, there’s no need for any collateral. You will only need you to hypothecate the car in our name. An endorsement will have to be made in the Registration Certificate (RC) book of the vehicle. This will be cancelled after you repay the loan.

Usually the tenure of an Auto Loan is 3 to 7 years. The tenure also depends on the type of car you wish to purchase. If it is a super premium car the tenure is restricted to 3 years only. In addition, the higher your tenure is the lower your EMI will be, but the total interest outflow is higher.

A service charge of Rs. 500.00 is applicable to swap to the ECS or PDC facility. You can pay a separate cheque / DD for Rs. 500.00 favouring your HDFC Bank Ltd. Loan Account Number for the required charges.

You can keep the original car documents, registration certificate, insurance policy and tax papers with you; but you need to submit photocopies of these documents to the bank.

In the event of an accident, the first step is to inform the insurance company. The company then sends a surveyor to assess the extent of damages to the car. Your claim is then processed and paid directly to us, unless you have taken an NOC from the bank in which case the payment will be made by the insurance company in your favour. The bank normally gives you an NOC if you are regular in your payments. In case of a complete loss, the bank will receive the payment directly from the insurance company.

Post-dated cheques / security cheques submitted earlier will be dispatched to your mailing address within 15 days, provided the revised instructions are verified and found to be in order.

No. The ex-showroom price is considered which does not cover insurance and registration charges.

The amount of the loan you can get depends on:

• The cost of the vehicle
• The type of vehicle (standard/premium)
• The percentage of finance offered

No, you cannot sell your car unless you repay your loan. An NOC is required from the financier before you can sell your car.

It will take 25 working days to activate the revised instructions. In case your next instalment falls due prior to the 25 day period, instructions already lodged with us will be presented for payment.

Form-35 is Valid for three months from the date of issue.

You can borrow up to 3 times your annual salary if you are a salaried professional and 6 times your annual income if you are a self-employed professional **.

**Offers on specific models .Terms & conditions apply.

Yes. One can pre-pay the loan any time after 6 months of availing of the loan. One merely has to pay a small prepayment fee on the outstanding loan amount.

The choice is yours. You can choose any repayment option from 12 to 84 months all specially designed to suit your requirements.

We offer New Car Loans to the following:

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If you are an HDFC Bank account holder, we have special rates of interest for you.

If you have a Preferred Account or a Corporate Salary Account with HDFC Bank for more than 6 months, you can get fast approvals on your loans with minimal documentation.

If you are an HDFC Bank Car Loan customer with a clear repayment of 12 months or more we can Top-Up your car loan to the extent of the original loan value.

We finance most passenger cars and multi-utility vehicles manufactured by India's leading automobile companies.

Yes. You can pre-pay the loan any time after 6 months of availing of the loan. You just have to pay a small pre-payment fee on the outstanding loan amount.

You can borrow up to 90% of the invoice value. However, the minimum loan amount is Rs. 1,00,000.

No, but if your income does not meet our credit criteria then you may be required to have a guarantor. To stand surety for your loan.

Repayment is preferred from a HDFC Bank account. Having an account with HDFC Bank helps in better eligibility and approval rates.

Within 48 hours of completing documentation.

Registration Certificate-Important advise

HDFC Bank is in no way responsible for the delivery of the Registration Certificate. The Borrower shall submit the certified true copy of the Registration Certificate relevant to the vehicle for which the loan has been taken.The registration certificate has to be submitted within 60 days of having taken delivery of the vehicle or 150 days from the date of disbursal of the loan whichever is earlier.The Borrower is also required to submit copy of the Insurance policy as well as Invoice to the bank,within this period.

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We offer Pre-owned Car Loans to the following:

• 1. Salaried individuals in the age group of 21 to 60 years (at the end of the tenure)
• 2. Self-employed individuals in the age group of 21 to 65 years (at the end of the tenure)
• 3. Partnership Firms
• 4. Public & Private Ltd. Companies
• 5. HUFs and Trusts

Learn how to get an HDFC Bank Pre-owned Car Loans.

The choice is with you. You can choose from any of the 5 well-placed repayment option of 12,24,36,48 or 60 months all specially designed to suit your requirements.

No, but if your income does not meet our credit criteria, then you may be required to have a guarantor to stand surety for your loan.

To get an HDFC Bank Pre-owned Car Loans, just fill the Online Application Form and our representative will get in touch with you shortly.

Or you can also Call us or Visit our branch.

You can borrow up to 3 times your annual salary if you are a salaried professional and 6 times your annual income if you are a self-employed professional **.

**This would also vary with higher loan value

You can borrow up to 80% of the invoice value.

If you have had a 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.

Registration Certificate-Important advise

HDFC Bank is in no way responsible for the delivery of the Registration Certificate. The Borrower shall submit the certified true copy of the Registration Certificate relevant to the vehicle for which the loan has been taken.The registration certificate has to be submitted within 60 days of having taken delivery of the vehicle or 150 days from the date of disbursal of the loan whichever is earlier.The Borrower is also required to submit copy of the Insurance policy as well as Invoice to the bank,within this period.

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We finance most of passenger cars manufactured by India's leading automobile companies, which includes vehicles like Maruti-800, Omni, Zen, WagonR, Esteem, Baleno, Tata Indica, Indigo, Tata Spacio, Honda City, Hyundai Santro, Getz and Accent, Ford Ikon, Toyota Corolla, Skoda Octavia, etc.

You can get an additional loan on your existing HDFC Bank Auto loan if you have a clear repayment track record of 12 months or more, till the extent of your existing loan amount at an attractive rate of interest.

Repayment is preferred from a HDFC Bank account. Having an account with HDFC Bank helps in better eligibility and approval rates.

No. The car itself acts as a security.

Non-HDFC Bank financed cars will undergo car valuation and verification. If your car is HDFC Bank financed, it may undergo verification depending on your credit requirements.

Yes, you can.

You loan will be processed within 48 Hours where Asset Verification/Valuation is not required.

You can avail finance of up to 100% of original loan amount for a vehicle of 9 - 42 months vintage.

Any Hatchbacks and Sedans, excluding some models from Mahindra, BMW, Audi, Mitsubishi, Toyota, Skoda, Fiat, etc. can be financed. To know more give us a call or visit a branch.

The tenure options range from 12-72 months. The vehicle age at the end of Loan against Car tenure should not exceed 7 Years (Private Usage) and 6 Years (Commercial Use).

Any applicant owning a car, including a fleet operator or taxi where the present vehicle age is not more than 60 months, can avail of the Loan against Car.