#1
February 8th, 2016, 09:05 AM
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HDFC Bank Car Loan Interest Rate
I want to take car loan from HDFC Bank so can you please tell me the interest rates on Car loan in this bank?
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#2
February 8th, 2016, 09:32 AM
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Re: HDFC Bank Car Loan Interest Rate
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It was established in 1994. It is the second largest bank in India as measured by assets. New car Loan- Features Up to 100% finance Check Car Loan eligibility in 1 minute. Approval of Car loan in 30 minutes. Fixed interest rates No Income Document Scheme Flexible tenure of up to 7 years Interest rates and charges- Description of charges 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 Late Payment Penalty 2% per month Processing fees (Non - refundable) - Up to 2.5 Lakhs: Rs. 2825/- Over Rs. 2.51 Lakhs up to 4 Lakhs: Rs. 3850/- Over Rs. 4.01 Lakhs to 5 Lakhs: Rs. 4300/- Over Rs. 5.01 Lakhs up to 10 Lakhs: Rs. 4650/- 10 Lakhs plus: Rs. 5150/- Cheque/ ECS swapping charges Rs 500/- Instance Duplicate no due certificate / NOC Rs 500/- Instance Commercial / Personal Use NOC (conversion subject to credit approval) Rs. 2250/- per NOC Collateral Charges Rs.300 per case Rack interest rate 11.50% to 13.75% depending on the segment of vehicle Rates offered to customer during the period of Oct'15 to Dec'15 Bank IRR Product Min IRR Max IRR Avg IRR AUTO LOAN 9.35% 13.51% 9.94% Annual Percentage Rate offered to customer during the period of Oct'15 to Dec'15 APR Product Min APR Max APR Avg APR AUTO LOAN 9.35% 14.29% 10.14% |
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