Apply Pre-Owned Car Loan HDFC Bank

• Loan ID : N0100
• 29
• 0

• Car Loan
• State :  Maharashtra
• City :  Mumbai

HDFC Bank not only will finance your used car, also will help you
search for one through wide range of used car listings by its
preferential dealers across the county, with various search options like
search by Brand, Location, EMI etc.

Pre-Owned Car Loan Features

• Flexible Repayment Tenure

  Decide whether you'd like your loan tenure to be just 12 months, or 84 months, with our pocket-friendly EMI repayment options.

• Fulfil Your Every Need

  Get
  between 3 to 6 times your yearly income, and borrow up to 100% of the
  value of the car, on a wide range of cars manufactured within India,
  that are of a certain age*.

  *Age of Car at loan maturity should not cross 10 years, subject to maximum loan tenure of 60 months

• Competitive Rates

  Get an easy loan up to Rs.1 crore with ease, and enjoy our competitive rates of interest, with no hidden charges.

• Fast Track Your Application

  Find the plan that best suits your needs, and fast track your HDFC Bank Pre-Owned Car Loan application.

  NRI Loans:

  As
  an NRI, you can avail of our Pre-Owned Car Loan, and provide your
  relatives in India a car to use. You would need to submit the following
  documents along with your loan application:

  • Contract copy and salary slip
  • Endorsement on passport for the previous 3 years
  • Proof of ownership of property
  • Post-dated cheques from a resident account of the borrower

  No Income-Document Loan Plan:

  It is possible to apply for an HDFC Bank Pre-Owned Car Loan. This plan comes with the following conditions

  • Get up to 65% of the car value as the loan amount for a 3 year tenure
  • Get up to 60% of the car value as the loan amount for a 5 year tenure
• Quick & Transparent Loan Disbursal

  Our
  loan disbursal process isn't just quick, it's also completely
  transparent. You'll get status updates about your loan application at
  each and every stage of the process. Our quick documentation and
  doorstep service also means that our loans are sanctioned and disbursed
  faster. Check your eligibility in just 60 seconds.

• Special Benefits for HDFC Bank Customers

  Existing
  HDFC Bank customers can enjoy added benefits with unique schemes just
  for them. You can also get an additional loan on your existing HDFC Bank
  Auto Loan.

Pre-Owned Car Loan Eligibility Criteria

The following people are eligible to apply for a Pre-Owned Car Loan:

• Salaried Individuals:
  • This
    includes doctors, CAs, employees of private limited companies,
    employees from public sector undertakings, including central, state and
    local bodies
  • Individuals who are a minimum of 21 years of age at
    the time of applying for the loan, and no older than 60 at the end of
    the loan tenure
  • Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
  • Those who earn a minimum of Rs. 2,50,000 per year, including the income of the spouse
• Self Employed Individuals (Sole Proprietorship):
  • This includes self-employed sole proprietors in the business of manufacturing, trading or services
  • Individuals
    who are a minimum of 25 years of age at the time of applying for the
    loan, and no older than 65 at the end of the loan tenure
  • Those who have been in business for a minimum of 3 years
  • Should earn at least Rs. 2,50,000 per annum
• Self Employed Individuals (Partnership Firms):
  • This includes self-employed partners in the business of manufacturing, trading or services
  • Individuals who earn at least Rs. 2,50,000 per annum
  • Those who have a minimum turnover of Rs. 4,50,000 per annum
  • Individuals
    who have a residence or office telephone line. A post-paid mobile phone
    that is a minimum of three months old is acceptable if only one
    landline is available
• Self Employed Individuals (Private Limited Companies)
  • This includes individuals who own a private company in the business of manufacturing, trading or services
  • Should earn at least Rs. 2,50,000 per annum
  • Individuals who have an office landline
• Self Employed Individuals (Public Limited Companies):
  • This includes directors in public limited companies that are in the business of manufacturing, trading or services
  • Should earn at least Rs. 2,50,000 per annum
  • Individuals who have an office landline
• Self Employed Individuals (Hindu Undivided Family - HUF):
  • This includes self-employed individuals in a business that falls under HUF
  • Should earn at least Rs. 2,50,000 per annum
  • Individuals
    who have a residence and office telephone line. A post-paid mobile
    phone that is a minimum of three months old is acceptable if only one
    landline is available
  • The Karta should be the co-applicant in his individual capacity

Pre-Owned Car Loan Documentation

The following documents are required along with your New Car Loan application:

• Salaried Individuals:
  • Any of the following age proof documents:
    • Passport
    • PAN Card
    • Voters ID Card
    • Photo Driving License with DOB (recent, legible, laminated)
    • Photo Ration Card with DOB
    • Employer Certificate/ID
    • School/College Leaving Certificate
  • Any of the following documents as proof of identity:
    • Passport Copy
    • PAN Card
    • Voters ID Card
    • Photo Driving License with DOB (recent, legible, laminated)
    • Photo Ration Card with DOB
  • All the following documents as proof of income:
    • Latest Salary Slip
    • Latest Form 16/Latest ITR
    • HDFC Bank corporate salary account statement for salary credits above Rs. 80,000 for the previous 3 months
  • Any of the following documents as address proof:
    • Photo Ration Card with DOB
    • Photo Driving License with DOB (recent, legible, laminated)
    • Passport Copy
    • Telephone Bill
    • Electricity Bill
    • Credit Card Statement with Credit Card Copy
    • Employer Certificate/ID
  • Any of the following as sign verification proof:
    • Passport Copy
    • Photo Driving License with DOB (recent, legible, laminated)
    • Credit Card Statement with Credit Card Copy
    • Banker's Verification
    • Copy of Margin Money Paid to the Bank
• Self Employed Individuals (Sole Proprietorship):
  • Any of the following age proof documents:
    • Passport
    • PAN Card
    • Voters ID Card
    • Photo Driving License with DOB (recent, legible, laminated)
    • Photo Ration Card with DOB
    • Employer Certificate/ID
    • School/College Leaving Certificate
  • Any of the following documents as proof of identity:
    • Passport Copy
    • PAN Card
    • Voters ID Card
    • Photo Driving License with DOB (recent, legible, laminated)
    • Photo Ration Card with DOB
  • Latest ITR / Previous ITR with Adv. Tax paid Challan / latest IT assessment order as proof of income
  • Any of the following documents as address proof:
    • Photo Ration Card with DOB
    • Photo Driving License with DOB (recent, legible, laminated)
    • Passport Copy
    • Telephone Bill
    • Electricity Bill
    • Credit Card Statement with Credit Card Copy
    • Employer Certificate/ID
  • Any of the following as sign verification proof:
    • Passport Copy
    • Photo Driving License with DOB (recent, legible, laminated)
    • Credit Card Statement with Credit Card Copy
    • Banker's Verification
    • Copy of Margin Money Paid to the Bank
• Self Employed Individuals (Partnership Firms):
  • Partnership deed as age proof
  • Partnership deed as identity proof
  • Latest
    ITR/Previous ITR with Adv. Tax paid Challan / latest IT assessment
    order as proof of income. In case the business turnover exceeds Rs. 40
    Lakhs, or the professional turnover exceeds Rs. 10 Lakhs, the balance
    sheet needs to have been audited, and in which case the latest Income
    Tax Return need not be taken
  • Any of the following documents as address proof:
    • Partnership Deed
    • Telephone Bill
    • Electricity Bill
  • Any of the following as sign verification proof:
    • Passport Copy
    • Photo Driving License with DOB (recent, legible, laminated)
    • Credit Card Statement with Credit Card Copy
    • Banker's Verification
    • Copy of Margin Money Paid to the Bank
• Self Employed Individuals (Private Limited Companies)
  • Memorandum and Articles of Association/Certificate of Incorporation as age proof
  • Memorandum and Articles of Association/Certificate of Incorporation as identity proof
  • Latest ITR and audited balance sheet along with profit & loss account as proof of income
  • Any of the following documents as address proof:
    • Memorandum and Articles of Association
    • Certification of Incorporation
    • Telephone Bill
    • Electricity Bill
  • Any of the following as sign verification proof:
    • Passport Copy
    • Photo Driving License with DOB (recent, legible, laminated)
    • Credit Card Statement with Credit Card Copy
    • Banker's Verification
    • Copy of Margin Money Paid to the Bank
• Self Employed Individuals (Public Limited Companies):
  • Memorandum and Articles of Association/Certificate of Incorporation as age proof
  • Memorandum and Articles of Association/Certificate of Incorporation as identity proof
  • Latest ITR and audited balance sheet along with profit & loss account as proof of income
  • Any of the following documents as address proof:
    • Memorandum and Articles of Association
    • Certification of Incorporation
    • Telephone Bill
    • Electricity Bill
  • Any of the following as sign verification proof:
    • Passport Copy
    • Photo Driving License with DOB (recent, legible, laminated)
    • Credit Card Statement with Credit Card Copy
    • Banker's Verification
    • Copy of Margin Money Paid to the Bank

Pre-Owned Car Loan Rates & Fees

The HDFC Bank Pre-Owned Car Loan Rates & Fees are as follows:

Inter-State NOC

Refundable
Security Deposit (non-interest bearing) of Rs. 5,000 will be taken. It
will be the borrower's responsibility to provide the transferred
Registration Certificate to the bank. In addition, NOC charge would be
Rs. 500/-.

Rates offered to customer during the period of July' 17 to Sept' 17

Annual Percentage Rate offered to customer during the period of July' 17 to Sept' 17

PDD Collection charges are refundable in case of loan cancellation.

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