BUYING A USED CAR / NEW CAR • FOR BUYING ANY CAR, A NEW OR A USED ONE, CAR LOANS ARE

EASILY AVAILABLE NOWADAYS.

• USED CARS, ALSO CALLED PRE-OWNED CARS, ARE A GOOD

OPTION FOR THOSE WHO WANT A BIGGER VEHICLE AT AN

AFFORDABLE PRICE, AND ALSO FOR THOSE WHO DON’T WANT

TO DENT THEIR NEW CARS.

• BOTH NEW CARS AND OLD CARS HAVE THEIR OWN

ADVANTAGES; HENCE, IT IS VERY IMPORTANT TO WEIGH THE

PROS AND CONS ACCORDING TO THE UTILITY AND

AFFORDABILITY.

BUYER’S CREDIT HISTORY ONCE THE TYPE OF CAR IS DECIDED, THERE COMES THE CAR LOAN,

WHICH REQUIRES THE BUYER’S CREDIT HISTORY.

TO ESTABLISH THAT, A BUYER SHOULD OPT FOR A CREDIT CARD OR ANY

OTHER KIND OF PAYMENT SYSTEM WHERE HE IS ABLE TO SHOW A

RECORD OF AT LEAST 6 MONTHS AS A REGULAR RE-PAYER.

FOR THE FIRST TIME BUYERS, THIS BECOMES WORRISOME WHEN THEY

DO NOT HAVE A CREDIT HISTORY OR IF THE CREDIT IS BAD. HOWEVER,

THIS DOES NOT MEAN THAT PEOPLE WITH POOR OR BAD CREDIT CANNOT

BUY A CAR.

HDFC CAR LOAN FOR PEOPLE WITH BAD CREDIT CERTAINLY ACTS AS A

SAVIOUR FOR SUCH PEOPLE.

ELIGIBILITY CRITERIA

• HDFC CAR LOAN DOCUMENTATION: CAR LOAN DOCUMENTATION PROCESS IS MINIMAL AND GENERALLY BANKS REQUIRE THE

FOLLOWING DOCUMENT

• IDENTITY PROOF: NAMELY A COPY OF THE PASSPORT OR PAN CARD OR VOTER’S ID OR DRIVING LICENSE.

• INCOME PROOF: IN THE FORM OF USUALLY THE LATEST SALARY SLIP WITH THE LATEST INCOME TAX FORMS (FORM 16 IN THE

CASE OF THE SALARIED INDIVIDUAL, ITR FORM IN THE CASE OF A SELF EMPLOYED INDIVIDUAL).

• RESIDENCE PROOF: IN THE FORM OF A RATION CARD OR DRIVING LICENSE OR VOTER’S ID OR PASSPORT COPY OR

TELEPHONE BILL OR ELECTRICITY BILL OR LIFE INSURANCE POLICY OR PAN CARD.

• BANK STATEMENT: A COPY OF THE BANK STATEMENTS PERTAINING TO THE MOST RECENT AND RELEVANT TIME FRAME.

HDFC CAR LOAN INTEREST RATES • NEW CAR LOAN – 10.25-13.25% [ REDUCING )

• USED CAR LOAN – 14.25-17.75% ( REDUCING )

• ATTRACTIVE INTEREST RATES ON CAR LOANS

• BORROW UP TO 3 - 6 TIMES YOUR ANNUAL INCOME

• SPECIAL BENEFITS FOR HDFC BANK ACCOUNT HOLDERS

• AVAILABLE FOR ALL CAR MODELS AT ATTRACTIVE INTEREST RATES

• HDFC CAR LOAN TENURE 1 YEAR TO 7 YEARS

• NO GUARANTOR REQUIRED

THE POINTS TO BE NOTED IN A HDFC CAR LOAN AGREEMENT ARE: • EFFECTIVE DATE: THE STARTING DATE OF THE REPAYMENT, THE TENURE AND THE LAST REPAYMENT DETAILS.

• DEFAULT CRITERIA: THE BASIC CRITERIA MENTIONED WHEN THE BUYER FAILS TO PAY ON DATE. THIS INCLUDES

THE PENALTY DETAILS AND THE EXTENDED DATE FOR REPAYMENT.

• REPAYMENT SCHEDULE: THE SCHEDULED DATE OF REPAYMENT, WHICH INCLUDES THE PRINCIPAL AMOUNT

WITH THE RATE OF INTEREST.

• SET OFF: THE BANK OR THE LENDERS HAVE THE FULL RIGHT TO SET OFF ANY INSURANCE CLAIMS OR THE

SECURITIES IN CASE OF DEFAULT CONDITION.

• INSPECTION: THE LENDER HAS THE RIGHT TO CHECK OR VIEW ANY DOCUMENTS DURING THE TENURE.

HDFC BANK EMI CALCULATOR

• CHECK OUR CAR LOAN REVIEWS SECTION AND CHOOSE THE BEST

BANK FOR THE CAR LOAN AND APPLY RIGHT AWAY.

• YOU CAN ALSO CALCULATE YOUR CAR LOAN EMI WITH THE CAR

LOAN EMI CALCULATOR AVAILABLE AT BANKBAZAAR.COM

HOW TO GET HDFC BANK CAR LOANS AT BANKBAZAAR.COM • ELIGIBILITY CALCULATOR: FILL THE FORM ABOVE TO INSTANTLY GET

CUSTOMIZED HDFC BANK CAR LOAN QUOTES THAT YOU ARE ELIGIBLE FOR.

• COMPARE CAR LOAN OFFERS: COMPARE CUSTOMIZED CAR LOAN OFFERS

FROM HDFC BANK BASED ON YOUR ELIGIBILITY CRITERIA AND APPLY

ONLINE.

• YOUR CAR LOAN APPLICATION WILL BE SENT ELECTRONICALLY TO HDFC

BANK. HDFC BANK WILL CONTACT YOU WITHIN ONE DAY.

• BANKBAZAAR.COM WILL UPDATE YOU ON YOUR LOAN APPLICATION

STATUS VIA EMAIL & SMS ALERTS

CONTACT US

• FOR MORE INFORMATION ABOUT HDFC BANK CAR LOANS

PLEASE VISIT:

WWW.BANKBAZAAR.COM/HDFC-CAR-LOAN.HTML