Salaried individuals and self-employed individuals who are part of proprietor firms, partnership firms, and private and public companies can apply for the HDFC Bank electric vehicle loan. 

Salaried individuals 

• Individuals may be employed in private and public sector entities, and central, state, or local bodies. 
• Applicant must be at least 21 years of age at the time of applying. 
• Applicant must not be older than 60 years at the end of the tenure of the Car Loan for EVs. 
• Employment legacy must be of a minimum of two years, including one year with the present employer. 
• Applicant must earn at least ₹ 3 lakhs per annum, including the income of the spouse or co-applicant. 
• The contact number of the person must be a prepaid mobile or telephone connection. 
  
  

 Self-employed proprietors 

• Self-employed sole proprietor applicants may be engaged in manufacturing, trading, or service business. 
• Applicant must be at least 21 years of age at the time of applying. 
• Applicant must not be older than 65 years at the end of the tenure on the loan on electric vehicles. 
• Business legacy must be a minimum of two years. 
• Applicant’s income should be at least ₹ 3 lakhs per annum. 
  
  

Self-employed partners in a partnership firm 

• Self-employed partner applicants may be engaged in manufacturing, trading, or service business. 
• Applicant must have a minimum turnover of ₹ 3 lakhs per annum. 
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Self-employed private limited company owners
 

• Self-employed private limited company owner applicants may be engaged in manufacturing, trading, or service business. 
• Applicant’s income should be at least ₹ 3 lakhs per annum. 
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Self-employed public limited company directors 
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• Self-employed public limited company directors engaged in manufacturing, trading or service business can apply for the electric vehicle loan. 
• Applicant must earn at least ₹ 3 lakhs per annum. 

Documents needed for the electric vehicle loan vary depending on the employment type of the applicant. 
 
Salaried applicants 

Address and Identity proof:

•  Valid passport, permanent driving license in legible and laminated form, voter ID, NREGA job card, a letter containing name and address issued by National Population Register OR Aadhar Card. 
  
  

Income Proof: 

• Latest salary slip and Form 16 
• Bank statement for the last six months 
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Sole proprietor applicants 

1. Address and Identity proof: Valid passport, permanent driving license in legible and laminated form, voter ID, NREGA job card OR letter containing name and address issued by National Population Register 

2. Income Proof: Latest Income Tax Return (ITR) 

3. Bank statement for the last six months 
   
   

Partnership firm partner applicants 

1. Address proof: Telephone bill, electricity bill, shop and establishment Act certificate, sales tax certificate OR SSI registered certificate 
2. Income Proof: Audited balance sheet, profit & loss account for previous two years AND company ITR for previous two years 
3. Bank statement for the last six months 
   
   

Private limited company owning applicants 

1. Address proof: Telephone bill, electricity bill, shop and establishment Act certificate, sales tax certificate OR SSI registered certificate 
2. Income Proof: Audited balance sheet, profit & loss account for previous two years, and company ITR for previous two years 
3. Bank statement for the last six months 
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Public limited company director applicants 
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1. Address proof: Telephone bill, electricity bill, shop and establishment Act certificate, sales tax certificate OR SSI registered certificate 
2. Income Proof: Audited balance sheet, and profit & loss account for previous two years 
3. Bank statement for the last six months 

For 7 Year Funding:

For 8 Year Funding: