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FAQs |
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If you have any queries that are not answered
here, please call
us or
write
to us.
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Who can avail of HDFC Bank Used Car Loans?
We offer Used Car Loans to the following:
- Salaried individuals in the age group of 21 to 60 years (at the end
of the tenure)
- Self-employed individuals in the age group of 21 to 65 years (at the
end of the tenure)
- Partnership Firms
- Public & Private Ltd. companies
- HUFs and Trusts
Please visit Eligibility &
Documentation to know more.
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Which cars can be financed?
HDFC Bank finances most of the passenger cars manufactured by India's leading
automobile co.s 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.
So choose the car from the extensive list and apply
online now.
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How much finance can I avail of?
You can borrow up to 80% of the invoice value.
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What are the tenure options?
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.
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How long will it take to process the loan?
Within 48 hours of completing documentation.
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If I don't have an account with HDFC Bank, can
I still avail of loans?
Repayment is preferred from a HDFC Bank account. Having an account with HDFC
Bank helps in better eligibility and approval rates.
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Do I need a guarantor?
Generally 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.
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What
are the most important guidelines post disbursements?
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.
Vehicle
Delivery
The role of HDFC Bank is to be a finance provider to the borrower and hence
the Bank is not responsible for delay, non-delivery or any defect, damage
in quality and workmanship of the Vehicle. The Bank is also not liable or
responsible in case of defect or dispute of any nature in the title (even
if the vehicle is found to be a stolen Vehicle) or ownership of the Vehicle.
Loan cancellation
In case of loan cancellation requested by the Borrower ,in the event of non
delivery of the vehicle,cancellation charges as well as interest charges till
the time the refund of the loan is received from the dealer, will have to
borne by the Borrower.
We advise our customers to only deal with the Bank empanelled
Direct sales associates.The Bank shall take no responsibility for any transactions
undertaken by the borrower with any unempaneled direct sales associates,who
may claim association with the Bank.
It is also
advised,that the customers should refrain from any dealings in cash with the
Bank's Direct Sales associates .Borrowers should also not make any payments
in cash/bearer cheque or kind in connection with the loan,to the executive,dealing
with the borrower for purpose of the loan. |
So how do I get an HDFC Bank Car Loan?
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Car Loan is very simple |
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Just
fill the Online
Application Form and our representative will get in touch
with you shortly.
Other Ways to apply :
*Conditions Apply
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