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HDFC Bank Auto Loans
The Housing Development and Finance Corporation (HDFC) Bank's Car Loan Scheme
is very convenient and offers a host of advantages. These include speedy
processing, flexible repayment options, hassle-free documentation, and
attractive interest rates. HDFC car loans cover the widest possible range of
cars and multi-utility vehicles in India.
New Car Loan
HDFC Bank gives maximum loan of 90% of the invoice value on new cars. The
minimum loan amount is Rs 50000. The loan tenure varies from 12 to 84 months.
One can pre-pay the loan any time after 6 months of availing of the loan by
paying a small prepayment fee on the outstanding loan amount.
Used Car Loan
The maximum loan amount given for used cars is up to 80% of the
invoice value. One can choose from loan tenure options of 12, 24, 36, 48, or 84
months.
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