HDFC Bank Car Loan Interest Rates

HDFC Bank offers 100% financing on a few select vehicles. The interest rates offered by HDFC Bank are affordable and pocket friendly.

Some of the factors determining the rate of interest you are eligible for have been mentioned below and also get to know Top 10 Banks for Car Loan in India:

1. Credit Score & History: Higher scores get better rates.
2. Income & Employment Type: Salaried vs. self-employed.
3. Vehicle Type & Age: New or used car, fuel type, brand.
4. Repayment Tenure: Shorter terms may have lower rates.
5. Loan Amount: Higher amounts may attract preferential rates.
6. Customer Profile: Existing HDFC Bank customers may get lower rates.

Comparison of Car Loan Interest Rates of Major Banks

Canara Bank Car Loan Interest Rates 

SBI Car Loan Interest Rates 

Axis Bank Car Loan Interest Rates 

Bank of Baroda (BOB) Car Loan Interest Rates 

ICICI Car Loan Interest Rates 

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FAQs on HDFC Bank Car Loan Interest Rates

• What is the minimum age for salaried individuals to get an HDFC Bank New Car Loan?

  A person should be at least 21 years old in order to avail a new car loan from HDFC Bank.

• What is the minimum income criterion for self-employed individuals with respect to HDFC Bank New Car Loans?

  Self-employed individuals should be earning at least Rs.3 lakh on a yearly basis.

• What is the minimum income criterion for salaried individuals with respect to HDFC Bank Used Car Loan?

  Salaried individuals must be earning at least Rs.2.50 lakh on a yearly basis.

• What are the ID proofs that can be submitted by salaried individuals?

  Any of the following can be used:

  Aadhaar card, PAN card, Passport, Voter's ID, Driving license.

• What are the address proofs that can be submitted?
  1. Passport copy
  2. Electricity bill
  3. Telephone bill
  4. Employer certificate
  5. Credit card statement with a copy