Escolar Documentos
Profissional Documentos
Cultura Documentos
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:
You can get a loan for 100% of the invoice value amount with the required margin placed as a
Salaried Individuals
Self Employed
Partnership Firms
Private Limited Company
Public Limited Company
fixed deposit in HDFC Bank.
Lien is marked on the specified deposit. Installments can be paid separately or out of the deposit
(if deposit is large enough).
Eligibility & Documentation:
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.
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
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.
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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:
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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
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
75-95
D:Executive
9.5-16.0
D+:Premium
16.0-25.0
75-90
D+: Luxury
25.0+
75-85
MUV
2.20+
75-90
SUV
14.0+
75-85
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
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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