4.5K+
Auto Loans
HDFC Bank is one of India’s most trusted private banks, offering reliable car financing with digital speed and transparent pricing. Head Office: Mumbai, Maharashtra.
Availing Loan
NEVER BEEN SO EASY
Research & Explore
An online quote is an estimate of the cost of a product or service provided
Comparison Tools
Picking a product refers to the process of selecting a specific from a range
Reviews & Feedback
Product packaging refers to the materials and design used to protect
Secure Your Loan
Product transport refers to the process of moving products from one location
🚗 HDFC Bank Car Loan – Drive Home Your Dream Car with Smart Savings
HDFC Bank Car Loan – Types & Key Features
One car loan solution for every need—new car, electric vehicle, used car, refinance or balance transfer.
📊 Car Loan Types & Features
| Car Loan Type | Interest Rate* | Max Tenure | LTV | Max Loan Amount |
|---|---|---|---|---|
| New Car Loan | From 8.75% p.a. | Up to 7 Years | Up to 90% | Up to ₹1 Crore |
| EV Car Loan ⚡ | From 8.50% p.a. | Up to 7 Years | Up to 90% | Up to ₹1 Crore |
| Used Car Loan | From 10.50% p.a. | Up to 5 Years | Up to 80% | Up to ₹50 Lakhs |
| Car Loan Refinance | From 10.25% p.a. | Up to 5 Years | Based on car value | Based on eligibility |
| Balance Transfer | From 9.25% p.a. | Balance tenure | NA | Outstanding loan |
*Rates vary based on CIBIL score, income, city and vehicle profile.
PoketCare Pro Tip 💡
EV car loans often come with lower interest and longer tenure—perfect for reducing EMI while going green 🌱
🛡️ Car Loan Insurance Recommendation
Protect your car and your EMIs with the right insurance from day one.
Recommended Insurance Types
- 🚘 Comprehensive Motor Insurance
- 🔧 Zero Depreciation Cover (Best for new & EV cars)
- 🧾 Loan Protection Insurance (EMI safety)
Best-Matched Insurance Partners
✔ HDFC ERGO
✔ ICICI Lombard
✔ Tata AIG
PoketCare Pro Tip 💡
Bundled insurance via PoketCare can reduce premium costs and speed up disbursement.
👨👩👧 Ideal Borrowers & Eligibility Criteria
Flexible eligibility norms designed for salaried, self-employed and business owners.
Eligible Applicants
- Salaried professionals
- Self-employed individuals
- Business owners & proprietors
Co-Applicant Options
- Spouse
- Parents
- Adult earning children
Key Eligibility Criteria
- Minimum Age: 21 years
- Maximum Age at Loan End: 65 years
- Preferred CIBIL Score: 700+
- Minimum Monthly Income: ₹25,000
Other Income Considered
✔ Spouse income
✔ Rental income
✔ Business side income
✔ Agricultural income (case-specific)
PoketCare Pro Tip 💡
Adding a co-applicant with stable income can increase loan eligibility and reduce interest rate.
📑 Documents Checklist
Simple documentation ensures faster approval and quick disbursal.
📂 Applicant Documents
| Documents | Salaried | Self-Employed |
|---|---|---|
| Identity Proof | Aadhaar / PAN | Aadhaar / PAN |
| Address Proof | Passport / Utility Bill | Passport / Utility Bill |
| Income Proof | Last 3 Salary Slips | ITR (2–3 Years) |
| Bank Statement | Last 6 Months | Last 6–12 Months |
| Business Proof | NA | GST / Trade License |
🚗 Vehicle Documents
- Proforma invoice / Sale agreement
- RC copy (for used/refinance cases)
- Valid insurance copy
PoketCare Pro Tip 💡
Clean bank statements with regular credits increase instant approval chances.
💸 HDFC Bank Car Loan – Charges & Fees
Transparent charges with no hidden surprises.
Charges Table View
| Charge Type | Applicable Amount |
|---|---|
| Processing Fee | Up to 2% + GST |
| Foreclosure Charges | As per policy |
| Part-Prepayment | As per loan terms |
| Late EMI Penalty | 2% per month |
| Duplicate Documents | Bank-defined |
| Stamp Duty | As per state law |
PoketCare Pro Tip 💡
Balance transfer can save up to ₹1–2 lakh in interest over the remaining tenure.
⭐ Benefits of HDFC Bank Car Loan
Why millions of Indians trust HDFC Bank for car financing.
- 🚀 Fast approval & quick disbursal
- 📉 Competitive interest rates
- 🔄 Easy refinance & balance transfer
- 📆 Flexible tenure options
- 🛡️ Strong bank credibility
- 📱 Digital application tracking
PoketCare Pro Tip 💡
Applying through PoketCare unlocks lender-exclusive offers not available directly.
🤝 Why Apply via PoketCare?
Smarter comparisons, better negotiation and complete support.
✔ AI-based lender matching
✔ Lower interest rate negotiation
✔ Minimal documentation support
✔ Dedicated relationship manager
✔ Faster disbursement tracking
PoketCare Pro Tip 💡
PoketCare ensures you never overpay on interest or charges—every rupee is optimised.
🔗 Useful Links for Car Loan Borrowers
- https://www.poketcare.com/car-loan
- https://www.poketcare.com/car-loan-emi-calculator
- https://www.poketcare.com/check-cibil-score
- https://www.poketcare.com/car-loan-balance-transfer
🏁 Conclusion
HDFC Bank Car Loan is ideal for new cars, EVs, used vehicles and refinancing needs. When you apply via PoketCare, you get better rates, faster approvals and complete peace of mind—from application to key handover ✨