Car Loan

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.