Vehicle Loan interest rates are quite affordable when you borrow from HDFC Bank. Here are HDFC Bank’s new car interest rates and charges:
Documentation charges
Premature closure charges (for full payment
650 per case (charges NOT to be refunded in case of case cancellation.)
For pre-closures within one year, the charges will be 6% of the outstanding principal,
For pre-closures within 15-24 months from the first EMI, the charges will be 5% of the outstanding principal.
For pre-closures post 24 months from the first EMI, the charges will be 3% of the outstanding principal.
If you own a micro or small enterprise and have avalled a fixed rate loan Facility up to 50 takhs, you will not be charged any premature closure fees it If you make a full payment from your own source.
Tools & Calculators
New Car Loan Eligibility Calculator
New Car Loan EMI Calculator
Retall Assets Service
Digital Lending Apps/Platforms
Customer Literature On NFAS And SMAS
During the loan tenure, part payment will be allowed twice only In a year, only one part payment is allowed. You can make a part payment at any time, but it cannot exceed 25% of the outstanding principal amount.
Active Lending Service
Provider’s List
Premature closure. charges (for part payment)
If the part prepayment is within 24 months from the first EMI, a charge of 5% will be levied on the part payment amount. If the part prepayment is post 24 months from the first EML a charge of 3% will be levied on the part payment amount.
If you own a micro or small enterprise and have availed a fixed rate loan. facility up to 50 lakhs, you will not be charged any premature closure charges if you make a part payment from your own source.
Stamp duty & Other Statutory Charges(non-refundable)
Delayed instalment payment charge
Processing fees Inon refundable)
Repayment Mode changes charges
As per actuals which are applicable in laws of the state. (Including RTO charges
18% p.a. (1.5% per month), plus applicable government taxes on overdue instalment amount.
Upto 1% of Loan Amount subject to minimum of Rs. 3500/- and
maximum of Rs. 9000/For loan facilities up to 25 lakhs avallied by micro and small enterprises subject to URC submission before disbursas, no processing fees will be charged
2500 per instance
NIL cancellation charges
(However, interest charges from date of disbursement till the date of cancellation of loan will be borne by the customer. Processing fee Stamp duty and documentation Charges are non-refundable charges. and would not be walvec/refunded in case of loan cancellation.j
Loan cancellation Charges
Legal, repossession and Incidental charges
At actuals
250 per instance
Duplicate no due certificate/NOC
Loan re-schedulement charges/rebooking charges
LPG/CNG NOC/other special NOC
*400 (To make changes on RC, you will need to pay a refundable security deposit of ₹5,000. This deposit is non-interest bearing and will be repaid once you provide the transferred Registration Certificate to the bank.)
200 per NOC
CIBIL charges (only an request)
₹50
Payment return charges
450 per instance
Amortisation schedule charges/Repayment schedule charges
Commercial/persona use NOC (conversion subject to credit approval)
Registration Certificate (RC) Collection Fees
Rack interest rate
RTO transfer charges.
Rs 50/ per schedule for physical copy.
Customer can also download the schedule from the jinis free of cost.
*200 per NOC
*600 per case (To be refunded in case of case cancellation.)
9.40% onwards depending on loan amount, tenure & CIBIL score
At actuals
you The bank will charge a Refundable Security Deposit (non-interest bearing) of ₹5,000 from you. You must provide the transferred Registration Certificate to the bank along with a NOC charge of 500.
Points to remember
You are advised riot to engage in any cash transactions with the bank’s direct sales associates. You should also avoid making any payments in cash, bearer cheque, or any kind in connection with your loan to the executive handling the loan application.
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