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I need to know more about New Car Loan offer by HDFC Bank, here would like to gather some information?

[pawan]

As you want to know details of HDFC Bank, New Car Loan here I will gather information for you.

Eligibility

Salaried Individuals:
This includes 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/co-applicant
Individuals who have a telephone/post-paid mobile

Self Employed Individuals and Professionals (Sole Proprietorship):
This includes self-employed sole proprietors in the business of manufacturing, trading or services
Individuals who are a minimum of 21 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 2 years
Should earn at least Rs. 2,50,000 per annum


New Car Loan Eligibility




Rates and Charges
Documentation Charges
Rs. 600 per case

Foreclosure charges
No foreclosure allowed within 6 months from date of availing the car loan
6% of Principal Outstanding for preclosures within 1 year from 7th EMI
5% of Principal Outstanding for preclosures within 13-24 months from 1st EMI
3% of Principal Outstanding for preclosures post 24 months from 1st EMI

Part-Payment charges
Part-payment is allowed subject to completion of 12 months (i.e., Post payment of 12 EMIs)
Part payment will be allowed twice only during loan tenure. Part payment is allowed only once a year. At any point of time, part payment will not increase beyond 25% of Principal Outstanding.
5% on the part payment amount in case part prepayment is within 13-24 months from 1st EMI
3% on the part payment amount in case part prepayment is post 24 months from 1st EMI


Rates and Charges







Address:-
HDFC Bank
1st Floor,C.S.No.6/242,
Senapati Bapat Marg,
Lower Parel,
Mumbai - 400 013.