HDFC Bank Used Car Loan
HDFC bank is a commercial financial institution, which offers used car loans for purchasing a second hand car. With HDFC bank, you will get to select used cars of good quality and even value them. Hdfc bank used car loan is one of the best car financing schemes that is offered at competitive interest rates and designed with exclusive features. Following are the features of this hdfc car loan scheme:
· Borrower can choose any car manufactured in India within a certain age
· Up to 80% of the value of the car can be borrowed as a loan amount
· Flexible repayment options ranging from 12 to 60 months under this scheme
· You can borrow up to 3 times your annual salary for salaried individuals and 6 times your annual income for self-employed professionals
· Available for almost all car models at attractive interest rates
· Loan can be repaid easily through easy car loan emi (equated monthly installment)
If you are an existing hdfc bank car loan customer and also have a clear track record of 12 months or more, then you can get an additional loan or a loan top-up to the extent of your existing loan amount at attractive rate of interest. Special benefits are also offered for hdfc bank account holders. If you have had a bank account with hdfc for more than six months, then, you can get fast approvals on your loans with minimal documentation.
As far as eligibility is concerned, minimum age of applicant should be of 21 years and maximum age of applicant at the time of loan maturity should not exceed from 60 years. If the individual is employed recently, then at least 1 year in current employment and minimum 2 years of employment. And, to apply for this loan, gross household income i.e. including income of the spouse, should be rs. 1, 00,000 net annual income. You can choose from any of the 5 well-placed repayment options of 12,24,36,48 or 60 months all specially designed to suit your requirements. Your finance will be processed at affordable rate of interest on car loan within 48 hours of completing documentation.Also apply for state bank of india car loan and calculate EMI through SBI car loan calculator
