Electric Vehicle (EV) Car Loan Documentation

Salaried applicants 
 

Address and Identity proof:

Valid passport, permanent driving license in legible and laminated form, voter ID, NREGA job card, a letter containing name and address issued by National Population Register OR Aadhar Card. 
 

Income Proof: 
 

  • Latest salary slip and Form 16 
  • Bank statement for the last six months 

 
Sole proprietor applicants 

Address and Identity proof: Valid passport, permanent driving license in legible and laminated form, voter ID, NREGA job card OR letter containing name and address issued by National Population Register 


Income Proof:
 

  • Latest Income Tax Return (ITR) 
  • Bank statement for the last six months 


Partnership firm partner applicants 
 

  • Address proof: Telephone bill, electricity bill, shop and establishment Act certificate, sales tax certificate OR SSI registered certificate

 
Income Proof: 
 

  • Audited balance sheet, profit & loss account for previous two years AND company ITR for previous two years 
  • Bank statement for the last six months 



Private limited company owning applicants 
 

  • Address proof: Telephone bill, electricity bill, shop and establishment Act certificate, sales tax certificate OR SSI registered certificate 


Income Proof:
 

  • Audited balance sheet, profit & loss account for previous two years, and company ITR for previous two years 
  • Bank statement for the last six months 

 

Public limited company director applicants 
 

  •  Address proof:
  •  Telephone bill, electricity bill, shop and establishment Act certificate, sales tax certificate OR SSI registered certificate 


Income Proof:
 

  •  Audited balance sheet, and profit & loss account for previous two years 
  • Bank statement for the last six months


Disclaimer: Terms and conditions apply. New Car Loan approvals are at the sole discretion of HDFC Bank Limited and are subject to documentation and verification as per the Bank's requirement. Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates.

Frequently Asked Questions

Yes. HDFC Bank offers you up to 100% on-road funding for selected models of cars.

You can check the status of your New Car Loan by using the HDFC Bank loan status checker.

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

  • When applying for a Car Loan, Salaried Individuals must provide acceptable identity and address proofs such as a valid Passport, Permanent Driving License, Voters ID Card, Job card issued by NREGA, or a letter from the National Population Register. Aadhaar Card is acceptable if submitted voluntarily, with the first 8 digits redacted. Additionally, they need to submit their latest salary slip, Form 16 as income proof, and bank statements for the previous 6 months.
  • Self-Employed Individuals in Sole Proprietorship should provide similar identity and address proofs, along with their latest Income Tax Returns (ITR) and bank statements for the previous 6 months.
  • Self-Employed Individuals in Partnership Firms must submit an audited Balance Sheet, Profit and Loss Account of the previous 2 years, Company ITR for the previous 2 years, specified address proofs, and bank statements for the previous 6 months.
  • Self-Employed Individuals in Private Limited Companies and Public Limited Companies have similar requirements, including audited Balance Sheet, Profit and Loss Account of the previous 2 years, Company ITR for the previous 2 years, specified address proofs, and bank statements for the previous 6 months.

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 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.

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.

No, you cannot get a Car Loan without valid address proof documents. 

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.

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 steps will let you prepare for your Car Loan application.

  • 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.

If you  do not have valid proof of income, you can still obtain a Car Loan by securing a guarantor or co-signer with a stable income and good credit score. These alternative arrangements can enhance your eligibility, although the final approval rests on your lender's discretion.