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What's in store for you
Car Loan EMI Calculator
A simple, hassle-free tool to calculate your Car Loan EMIs
Buying a
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₹ 1,00,000
₹ 19,00,000
1 year
8 years
%
7% PA15% PA
Loan Benefits & Features
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Loan Benefits
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Accessibility
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Fees & Charges
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Most Important Terms & Conditions
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Digital Lending Apps/Platforms
Documents Required to get you started
More about the Car Loan
A Car Loan offers several benefits:
It allows you to buy a car without paying the full amount upfront
It spreads the cost of purchasing a car over manageable monthly payments
It often comes with competitive interest rates, helping you build your credit score
It often comes with additional perks such as flexible terms and quick approval.
HDFC Bank Xpress Car Loan is 100% digital, allowing you to apply anytime, anywhere, and get disbursement in 30 minutes without physical verification or documents. You can obtain funding up to ₹25 lakh or 100% financing on select vehicles, with top-up loans available (for existing customers) without extra documentation. The repayment tenure is flexible, ranging from 12 to 84 months.
You can apply for a Loan via:
Online application process:
Step 1 – Choose your occupation
Step 2 - Provide & validate your Phone Number & Date of Birth/PAN
Step 3 - Choose Loan amount
Step 4 - Submit & Receive funds*
*In certain cases, uploading documents and completing video KYC might be required.
Frequently Asked Questions
An automobile loan is a type of financing where you borrow money to purchase a car, agreeing to repay the lender over time with interest.
To purchase a new car, you can obtain a maximum funding of ₹25 lakh. However, the final loan amount depends on your credit profile and repayment potential.
HDFC Bank offers a seamless and convenient Auto Loan application process. You can apply for your Car Loan through HDFC Bank NetBanking services. Also, if you are an existing HDFC Bank customer, you may be eligible to get a pre-approved Car Loan in just 10 seconds. For more information, you can log into your HDFC Bank NetBanking account.
Before you apply for car finance, it is important to determine how much EMI you are comfortable paying. To know about the EMI, you might have to pay, you can use the HDFC Bank Car Loan EMI Calculator.
You should check your Car Loan eligibility before applying. Both of these steps will allow you to prepare for your Car Loan application process.
- Here are some tips to get your Car Loan approved faster:
- Get your Know Your Customer (KYC) details handy.
- If you apply for a Car Loan online, it can get processed and approved faster.
- Being an existing HDFC Bank customer makes you eligible for a pre-approved Car
Loan that you can get in just 10 seconds.
HDFC Bank offers you up to 100% on-road funding for selected models of cars.
There’s no specified minimum credit score for getting a Car Loan from HDFC Bank. But a lower credit score can reduce the loan amount you can get. A credit score above 750 is considered excellent for loans. This will allow you to get a higher loan amount at the most affordable car loan rates.
HDFC Bank allows you to avail of zero-downpayment Car Loans. For select cars, the bank provides 100% financing of the on-road price of your car. This eliminates the burden of a downpayment.
HDFC Bank offers flexible tenure for Car Loan products. While the minimum tenure is 12 months, the maximum loan tenure you can avail of is up to 8 years for EVs. View tenures for Custom-Fit and Balloon EMI Car Loans here
Existing HDFC Bank Car Loan customers can share their Car Loan documents online through email. You can also request the Sales Manager of your car dealership to pick up the required documents at your convenience. Once the bank receives them, it will proceed with the Physical Approval, Digital Disbursal (PADD) process. You will receive an e-mandate form as consent for deducting EMIs from your HDFC Bank account.
You can check the status of your New Car Loan by using the HDFC Bank loan status checker.
Drive your dream car today with XPRESS Car Loan!