Vehicle Loan


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Serving Our Clients For Over 25 Years

Dreaming of owning a car? Avail a car loan, or opt for a pre-approved car loan, and get the best interest rates.make your dream of owning a car come true.

All You Need To Know

Overview

Get the car you want, the way you want it with our Custom-fit Car Loans

Why not own your dream car today- the one you thought you couldn’t afford for at least a decade more? Our Custom-fit Car Loans come with exclusive features like 100% financing on select vehicles, flexible repayment tenure and pocket-friendly EMI so that you get the dream car you want, in half the time! Our unique Step-up EMI and Balloon EMI Schemes make it easy for you to buy your dream car at more affordable EMIs. This means you can get a bigger car with the EMI of a smaller car.

We offer easy car loans to both salaried and the self-employed. What’s more, we not only help you raise funds but also assist you in researching and finding your dream car. So what are you waiting for? Whether new or pre-owned, apply for a Car Loan today!

It only gets better if you are an HDFC Bank customer. Enjoy quick disbursal of funds, special rates of interest and a lot more. Getting Car Loan in India has never been so easy! So now get the perfect car and the perfect loan the way you want it.

Click to view the status of your New Car Loan application.

ZipDrive-Instant New Car Loan

If you’re looking to get into the fast lane as soon as possible, HDFC Bank has come up with a car loan facility tailor-made for you. ZipDrive is an instant New Car Loan process, exclusively for HDFC Bank customers.

Through ZipDrive, customers can get the car loan amount disbursed instantly to car dealers through NetBanking anytime, anywhere. So it doesn’t matter in which state or city you’re in, you’re all set to go with an auto loan in double quick time.

To avail: log into your HDFC Bank NetBanking go to ‘offers’ tab > click on the ZipDrive banner. The Car Loan amount will be disbursed instantly to the car dealer’s account.

Features:

  • Instant disbursal of loan
  • 24/7 Online Loan
  • Negligible Paper work

Custom-fit Car Loans: Perfect way to get your perfect car the way you want it
Flexible Repayment options:

  • SAFE N EASY (for salaried professionals):This is a special offer for salaried professionals & offers a pocket-friendly EMI which is Up to 75% lower as compared to your regular EMIs. EMIs start at just Rs 899/lakh for the initial 6 months and regularizes after that to make it pocket friendly

The following people are eligible to apply for a New Car Loan:

Salaried Individuals:​​​​​​​
  • This includes employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
  • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
  • Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
  • Those who earn a minimum of Rs. 3,00,000 per year, including the income of the spouse/co-applicant
  • Individuals who have a telephone/post-paid mobile
Self Employed Individuals and Professionals (Sole Proprietorship): ​​​​​​​
  • This includes self-employed sole proprietors in the business of manufacturing, trading or services
  • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
  • Those who have been in business for a minimum of 2 years
  • Should earn at least Rs. Rs. 3,00,000 per annum
Self Employed Individuals and Professionals (Partnership Firms): ​​​​​​​
  • This includes self-employed partners in the business of manufacturing, trading or services
  • Those who have a minimum turnover of Rs. Rs. 3,00,000 per annum
Self Employed Individuals and Professionals (Private Limited Companies): ​​​​​​​
  • This includes individuals who own a private company in the business of manufacturing, trading or services
  • Should earn at least Rs. Rs. 3,00,000 per annum
Self Employed Individuals (Public Limited Companies): ​​​​​​​
  • This includes directors in public limited companies that are in the business of manufacturing, trading or services
  • Should earn at least Rs. Rs. 3,00,000 per annum

Salaried Individuals

  1. Any of the following documents as identity & Address Proof
    • Valid Passport
    • Permanent Driving license [recent, legible, laminate]
    • Voter ID Card
    • Job card issued by NREGA
    • Letter issued by the National Population Register containing details of name & address
    • Aadhar Card(only if Submitted voluntarily & backed by Aadhar consent Letter.1st 8 digits of Aadhar Number on physical copy to be redacted)Aadhar Card can be Physical Aadhar or Print out of e- Aadhar (not older than 30 days from the date of application).
  2. Latest salary slip and Form 16 as income proof
  3. Bank statement of the previous 6 months

Self Employed Individuals

Sole Proprietorship
  1. Any of the following documents as identity & Address Proof
    • Valid Passport
    • Permanent Driving license [recent, legible, laminate]
    • Voter ID Card
    • Job card issued by NREGA
    • Letter issued by the National Population Register containing details of name & address
  2. Latest Income Tax Returns (ITR) as income proof
  3. Bank statement of the previous 6 months
Partnership Firms
  1. All the following documents as income proof:
    • Audited Balance Sheet
    • Profit & Loss Account of the previous 2 years
    • Company ITR for the previous 2 years
  2. Any of the following documents as address proof:
    • Telephone Bill
    • Electricity Bill
    • Shop & Establishment Act Certificate
    • SSI Registered Certificate
    • Sales Tax Certificate
  3. Bank statement of the previous 6 months
Private Limited Companies
  1. All the following documents as income proof:
    • Audited Balance Sheet
    • Profit & Loss Account of the previous 2 years
    • Company ITR for the previous 2 years
  2. Any of the following documents as address proof:
    • Telephone Bill
    • Electricity Bill
    • Shop & Establishment Act Certificate
    • SSI Registered Certificate
    • Sales Tax Certificate
  3. Bank statement of the previous 6 months
Public Limited Companies
  1. All the following documents as income proof:
    • Audited Balance Sheet
    • Profit & Loss Account of the previous 2 years
  2. Any of the following documents as address proof:
    • Telephone Bill
    • Electricity Bill
    • Shop & Establishment Act Certificate
    • SSI Registered Certificate
    • Sales Tax Certificate
  3. Bank statement of the previous 6 months