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FAQs
Who can avail of HDFC Bank
Used Car Loans?
We offer Used Car Loans to the following :
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Salaried individuals in the age
group of 21 to 60 years (at the end
of the tenure) |
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Self-employed individuals in the age
group of 21 to 65 years (at the end
of the tenure) |
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Partnership Firms |
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Public & Private Ltd. companies |
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HUFs and Trusts |
Please visit
Eligibility &
Documentation to know more.
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Which cars can be financed?
HDFC Bank finances most of the passenger
cars manufactured by India's leading
automobile co.s which includes vehicles like
Maruti-800, Omni, Zen, WagonR, Esteem,
Baleno, Tata Indica, Indigo, Tata Spacio,
Honda City, Hyundai Santro, Getz and Accent,
Ford Ikon, Toyota Corolla, Skoda Octavia
etc.
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How much finance can I avail
of?
You can borrow up to 80% of the invoice
value.
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What are the tenure options?
The choice is with you. You can choose from
any of the 5 well-placed repayment option of
12,24,36,48 or 60 months all specially
designed to suit your requirements.
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How long will it take to
process the loan?
Within 48 hours of completing documentation.
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If I don't have an account
with HDFC Bank, can I still avail of loans?
Of course, you can get HDFC Bank Car Loans.
You need not necessarily have an account
with us.
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Do I need a guarantor?
Generally no. But if your income does not
meet our credit criteria, then you may be
required to have a guarantor to stand surety
for your loan.
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