Car Loan FAQs
Car Loan
Apply NowDo you have any questions about our personal loans? Maybe you want more information about the personal loan application process or you need a personal loan for a specific purpose and are wondering if you are eligible. Perhaps you are wondering how to apply online for an instant personal loan or you are confused about how to calculate your EMI. Whatever your question, you may find an answer in our personal loan FAQs below. If you can’t find the answer you need there, feel free to contact us and we will be happy to help.
What will be done with the postdated cheques if I request to change the mode of repayment/account for my loan?
Post Dated Cheques(PDCs)/Security Cheques submitted towards loan repayment that have not been encashed, will be defaced and retained by the Bank.
In case, you wish to have your old Post Dated Cheques(PDCs)/ Security Cheques to be returned to you, kindly lodge a request at the Retail Loan Service Center or through PhoneBanking or write us an email at www.hdfcbank.com/services within 45 days from the date of application of change in repayment instructions.
In case, we do not hear from you within the stipulated period, the defaced cheques will be destroyed.
Do I have the option to pre-pay the entire loan amount?
Yes. You can pre-pay the loan any time after 6 months of availing of the loan. You just have to pay a small pre-payment fee on the outstanding loan amount.
Do I need a guarantor for New Car Loans?
No, but if your income does not meet our credit criteria then you may be required to have a Gurantor/co-applicant. To stand surety for your loan.
What is the maximum amount I can borrow with an HDFC Bank New Car Loans?
You can borrow up to 3 times your annual salary if you are a salaried professional and 6 times your annual income if you are a self-employed professional **.
**Offers on specific models .Terms & conditions apply.
What are the tenure options available?
The choice is yours. You can choose any repayment option from 12 to 84 months all specially designed to suit your requirements.
Have more questions, check our FAQs Section
Car Loan Benefits
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Upto 100% Finance
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Quick Disbursals
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Pocket-friendly - monthly payments
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Health cover