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Interest Rate

13.1% - 15%

Processing Fee

Rs. 1999

Tenure Range

1-5 years

Fees & Charges:

  • Preclosure Fee - 6% of principal outstanding (within 1 year), 5% (1-2 years) and 3% (after 2 years)


  • Nationality - Indian 
  • Age  - 21-65 years 
  • Should have 2 years total work experience as an employee and 3 years experience for businessmen

Features & Benefits:

  • EMI Repayment facility upto 5 years 
  • Instant loan disbursal facility 
  • Benefit of hassle-free Cashless claim Facility 
  • No need for any collateral 
  • Minimal documentation

Address Proof:

Identity Proof:

  • Aadhaar Card/ Passport/ PAN Card/ Voter ID Card

Address Proof:

  • Aadhaar Card/ Passport/ Driving License/ electricity, phone bills

Income Proof:

  • Last 2 years IT returns 
  • Income computation certificates by CA for last 2 years 
  • Bank statement for last 6 months

Short Description:

HDFC Used Car Loan allows instant loan disbursal facility without any need of collateral. The loan provides hassle-free claim facility and minimal documentation. 

Bank Description:

HDFC is the second largest private sector bank in India and it is both nationally as well as internationally accepted bank that runs with single-minded focus of providing best quality product and services to each and every corner around the globe. HDFC Used Car Loan is best-known for its advantages for HDFC saving account holders and customer convenience facility. The loan gives easy EMI repayment option, instant loan approval, minimal documentation with an affordable interest rate.