Welcome!
Commute safely in your own Car with our Custom-fit Car Loan
Only 5 minutes on this page will help you
7 Reasons why 50 lakh+ customers prefer HDFC Bank New Car Loan
Attractive Offers on EMI
Enjoy pocket-friendly EMIs with our Custom-fit Car Loans @ ₹1,111/lakh onwards. This is a steal deal for those who want lower EMI on their monthly finances.
Disbursal in 10 seconds*
Our pre-approved Car Loan customers can get the funds within 10 seconds of loan approval. Money gets transferred instantly to the dealers account
Flexible Loan Tenure
Choose to repay the borrowed amount over a period of 12 to 84 months
High Loan Amount
Get loan amount up to ₹3 crore and up to 100% on-road finance for your new car.
Flexible Repayment Schemes
We offer tailor-made repayment schemes like Step-Up EMI or Balloon EMI Scheme. These offer lower EMIs in the initial months. With a balloon EMI scheme, you can pay in equal instalments through your loan tenure followed by a lumpsum at the end. Meanwhile, a Step-Up scheme allows you to pay as you grow, starting with a lower EMI that gradually increase over the tenure.
Check your EMI here.
Zero Foreclosure Charges*
Avail Zero foreclosure* after 24 months of repayment
Instant Top-Up Loan
For our existing Car Loan customers, we also have the option of a Top-Up Loan. You can get extra funds with little or no extra documentation for your personal or business needs.
Calculate your EMI
Use our EMI Calculator to check your EMI under different schemes, with varying tenure and interest rates.
Car Loan
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Check your Eligibility
Loan Eligibility
Who can apply for a New Car Loan?
Salaried individuals - From Private Limited Companies and Public-Sector Undertakings
Self-employed individuals and Sole Proprietorships
Others - Joint Ventures, Trust, Private and Public limited companies, etc.
How to Apply for New Car Loan
We offer New Car Loan online through an end-to-end digital process. You can now apply for loan anytime & from the safety of your home
Just follow these 3 steps
Click on the Apply now button
Enter your registered mobile no
Fill in your details
Once the loan is approved, money will be transferred to the dealers account instantly
Documents Required
What are the documents required?
Salaried Individuals:
- Identity and address proof
- Latest salary slip and Form 16 as income proof
- Bank statement of the previous 6 months
Self Employed Individuals (Sole Proprietorship):
- Identity and address proof
- Latest Income Tax Returns (ITR) as income proof
- Bank statement of the previous 6 months
Self Employed Individuals (Partnership Firms):
- The following documents as income proof:
- Audited Balance Sheet
- Profit & Loss Account of the previous 2 years
- Company ITR for the previous 2 years
- Any of the following documents as address proof:
- Telephone Bill
- Electricity Bill
- Shop & Establishment Act Certificate
- SSI Registered Certificate
- Sales Tax Certificate
- Bank statement of the previous 6 months
Others:
- 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
- Any of the following documents as address proof:
- Telephone Bill
- Electricity Bill
- Shop & Establishment Act Certificate
- SSI Registered Certificate
- Sales Tax Certificate
- Bank statement of the previous 6 months
- Other Documents:
- Memorandum of Association – For Pvt Ltd/ Ltd Co.
- Partnership deed – For Partnership firm
- Trust deed – For Trust
- Bye Laws – For Societies
Frequently
Asked Questions
You can get a loan of up to Rs 3 crore with a New Car Loan from HDFC Bank and it can go to more than 3 crore (up to 10 crore) as a single exposure with necessary approvals. These come with flexible tenure options, ranging between 12 months to 84 months.
At HDFC Bank, there is no specified minimum credit score for getting a Car Loan. However, a good credit score is always a plus point, and a lower credit score may lead to the approval of lower loan amounts. Generally, a good credit score of more than 750 is considered excellent.
Terms and conditions
T&C apply. Credit at sole discretion of HDFC Bank.
Other charges & taxes as applicable.
