FEATURES

ELIGIBILITY

FEES & CHARGES



The HDFC Loan Against Car Rates & Fees are as follows:

Description of Charges  Amount to be Paid  
Premature Closure Charges (For Full Payment)*
  • 6% of Principal Outstanding for pre-closures within 1 year
  • 5% of Principal Outstanding for pre-closures within 13 – 24 months from 1st EMI
  • 3% of Principal Outstanding for pre-closures post 24 months from 1st EMI
Premature Closure Charges (For Part Payment)*
  • Part payment will be allowed twice only during loan tenure.
  • Part payment is allowed only once a year.
  • At any point of time, part payment will not increase beyond 25% of Principal Outstanding.
  • 5% on the part payment amount in case part prepayment is within 24
  • months from 1st EMI
  • 3% on the part payment amount in case part prepaymet is post 24 months from 1st EMI
Stamp Duty (non-refundable)At actuals
Delayed Instalment payment charge18% p.a.(1.50% per month) plus applicable government taxes on overdue instalment amount
Processing fees* (non-refundable)

0.5% of Loan Amount subject to minimum of Rs.3500/- and maximum of Rs.8000/-​​​​​​​

Documentation Charges*Rs. 650/- per case
Collateral Charges*Registration Certificate (RC) Collection Fees
RTO Transfer ChargesAt Actuals
Repayment Mode change chargeRs. 500/- per instance
Loan cancellationLoan cancellation In the event of cancellation, interest charges from date of disbursement till the date of cancellation of loan will be borne by the customer. Processing Fee,Stamp Duty, Documentation, Valuation and RTO charges (Used Car Purchase/Refinance) are non-refundable charges and would not be waived/refunded in case of loan cancellation
Legal, repossession & incidental chargesAt actuals
Duplicate No Due Certificate/NOCRs 250/- Per Instance
Loan re-schedulement charges/rebooking charges

Rs. 400/-

(If changes are required on RC, then refundable Security Deposit – non-interest bearing of Rs. 5000 would be required.  Will repay post borrowers provide the transferred Registration Certificate to the bank)

LPG/CNG NOC/Other Special NOCRs. 200/- per NOC
(Conversion subject to credit approval)
CIBIL Charges (only on request)Rs. 50/-
Amortisation Schedule Charges

Rs 50/ per schedule for physical copy. 
​​​​​​​Customer can also download the schedule from the link free of cost

Commercial/Personal Use NOC (conversion subject to credit approval)Rs. 200/- per NOC
(Conversion subject to credit approval)
Rack interest rate13.75% p.a. onwards
Car Valuation/Asset Verification Charges*Rs. 750/- per case
Payment Return ChargesRs 450/- per instance

Inter-State NOC
Refundable Security Deposit (non-interest bearing) of Rs. 5,000 will be taken. It will be the borrower's responsibility to provide the transferred Registration Certificate to the bank. In addition, NOC charge would be Rs. 500/-.
It is also advised that the customers should refrain from and 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. 

Note: *Foreclosure, Part-Payment, Processing fees, Valuation, Documentaion, Collateral charges and Cheque/SI/ECS Return charges are exclusive of Government Taxes. Government Taxes and other levies as applicable would be charged additionally. All promotional offers will be null and void in case of third party payments towards foreclosure, and shall attract charges as per standard grid.

**Collateral charges / PDD Collection charges are refundable in case of loan cancellation.


DOCUMENTATION