Professional Documents
Culture Documents
Bes'S Institute of Management Studies and Research: Subjected To
Bes'S Institute of Management Studies and Research: Subjected To
REPORT
ON
HDFC BANK CAR LOAN
SUBJECTED TO
CORPORATE LAW
OF
MASTERS IN MANAGEMENT STUDIES
Submitted To:
Prof.: Anahat Hulyalkar
Submitted By:
Name: Madhavi parmar
Roll No.: 39
HDFC Car Loan Eligibility interest rates and Documents Requirement for Apply HDFC Bank
Car Loans
HDFC Car Loan: HDFC Provides a Quick and Easy car loans with Easy Documents, EMI
Options and Low Interest Rates. HDFC Car loan interest rates start from 9.25 to 11.50 percent.
Click for Apply Car Loan.
HDFC Bank provides a personal banking in Loans, Credit Cards, Insurance and Investments,
Forex and Trade services.
Car Loan Plans By HDFC
Auto Loan Takeover Plan
NRI Loans
Past re-payment history
No Income-Document Loan100% Loan Plan with FixedAdvantage platinum Credit
Plan
Deposit Lien
Card Plan
minimal documentation.
If you are an existing HDFC Bank Car2 Loan customer with a clear repayment of
12 months or more we can Top-Up your car loan to the extent of the original loan
value.
All terms and conditions applicable for the used car product are applicable for the Loan
take over product.
Minimum 9 month old loan with any approved Financier with clear repayment track
record.
Requirements:
Salaried Individuals
Eligibility Criteria:
employment.
Minimum Annual Income: Rs 100000 net annual income.
Telephone: Must at residence.
Documents required:
Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving license( Laminated,
Recent, Legible).
Self Employed
Eligibility Criteria:
Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a.
for mid-sized and premium cars.
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Documents required:
Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving licence (Laminated,
Recent, Legible).
Bank Statement:- Waived for small cars, for mid - sized and premium cars if incomee
greater than Rs. 1.5 lacs then bank statement requirement can be waived.
Partnership Firms
Eligibility Criteria:
Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for midsized and premium cars.
Telephone: One phone at least at business and at residence of the loan executing partner.
Documents required:
Proof of Identity:- NA
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Income Proof:- Audited balance sheet, Profit & Loss Account for latest two years and the
latest 2 years IT returns of the company.
Bank Statement:- Waived for small cars, for mid - sized and premium cars if income Is
greater than Rs 1.5 lacs then bank statement requirement can be waived.
Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p a for midsized and premium cars.
Documents required:
Proof of Identity:- NA
Income Proof:- Audited balance sheet, Profit & Loss Account for latest two years and
thee latest 2 years IT returns of the company.
Bank Statement:- NA
Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p a for midsized and premium cars.
Documents required:
Proof of Identity:- NA
Income Proof:- Audited balance sheet, Profit & Loss Account for latest two years.
Bank Statement:- NA
NRI Loans:
NRIs can avail of new car loans from HDFC Bank for the use of the vehicles by their relatives in
India. Additional documents required are as follows :
Contract copy and salary slip of NRI.
Endorsement on passport for last 3 years.
Proof of ownership of property.
Post-dated cheques must be from the resident account of the borrower.
Approval Plan:
If you have an HDFC Bank Preferred Account or a Corporate Salary Account with HDFC Bank
for more than six months, you can get fast approvals on your loans with minimal documentation
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segment
Ex-Showroom
Value (In lac)
Funding %
Examples
A:Mini
<=2.15
80-100
Maruti 800
B:Compact
2.2-4.5
90-100
C:Mid-Size
4.5-10.0
75-100
D:Executive
9.5-16.0
75-95
D+:Premium
16.0-25.0
75-90
D+: Luxury
25.0+
75-85
MUV
2.20+
75-90
SUV
14.0+
75-85
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Description of charges
FC Charges
Stamp Duty
At actuals
2% per month
Processing fees
Rs 500/-
Rs 1000/-
Rs 500/-
At actuals
Rs 500/-
Special NOC
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Salaried individuals in the age group of 21 to 60 years (at the end of the tenure)
Self-employed individuals in the age group of 21 to 65 years (at the end of the tenure)
Partnership Firms
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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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