HDFC Bank Car Loan in Purnea, Bihar

Millions of Indians today are upwardly mobile, and on the move. Many are looking at having their own car to reach their destination in time and in comfort. Now, the years of waiting and saving are over. Avyud Finance offers a Car Loan from HDFC Bank, will bring that dream of owning a Carwithin your reach. You don’t need to look any further than HDFC Bank Custom-fit Car Loans through Avyud Finance, which come with a host of features like Step-Up EMI, Balloon Schemes, Top-Up Loans and much more.

Eligibility Criteria for HDFC Bank Car Loan

The following people are eligible to apply for a new car loan:

• This includes employees of private limited companies, employees of public sector undertakings including central, state and local bodies.


• Individuals who are at least 21 years of age at the time of applying for the loan, and are not more than 60 years of age at the end of the loan tenure


• Individuals who have at least 2 years job with current employer with minimum 1 year


• Which is minimum Rs. 3,00,000 per annum inclusive of income of spouse/co-applicant


• Persons having Telephone/Postpaid Mobile

Documents Required for HDFC Bank Car Loan

Any of the following documents as proof of identity and address:

• Valid Passport


• Permanent Driving License [recent, legible, laminated]


• Voter id card


• Job card issued by NREGA


• Letter issued by National Population Register containing details of name and address


• AADHAAR CARD (only if submitted voluntarily and supported by AADHAAR consent letter. First 8 digits of AADHAAR number to be modified on physical copy) AADHAAR card can be physical Aadhaar or print out of e-Aadhaar (from dt. Application not older than 30 days).

Form 16 as latest salary slip and income proof Bank statement of last 6 months

Fees & Charges for HDFC Bank Car Loan

Enclosed below are HDFC Bank New Car Loans Interest Rates & Charges

Documentation Charges*


• Rs.700/- Charges NOT to be refunded in case of case cancellation.

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

Overdue EMI Interest


• 2% per month