Fees & Charges:

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

Eligibility:

• 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.