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OnePaisa — Smart Finance for India

HDFC Bank Car Loan with 48-hour approval for pre-approved customers and both new and used-car financing.

Documents required

  • PAN Card
  • Aadhaar Card
  • 3 months salary slips
  • 6 months bank statement
  • Address proof

As published by HDFC Bank. Your branch may ask for more.

Get HDFC Bank Offers →Soft check · won’t affect your credit score
Interest rate9.4 – 13.5% p.a.
Processing fee0.5% (₹3,500–₹8,000)
Max amount₹1.5Cr
Max tenure7 yr
Compare with 12 other lenders →

Best for: Pre-approved HDFC customers buying new cars — XpressCar disburses same day with up to 100% on-road price coverage.

Estimate your EMI ~30 sec · indicative
Estimated EMI
₹16,762/mo
Get offers at this amount →
Total cost of this loan ₹2,09,720 · interest + processing fee, ₹8,00,000 over 5 yr at 9.4% · no prepayment penalty
Eligibility for New Car Loan depends on the vehicle’s on-road price as well as your income. Start an application for a real answer.
EMI at HDFC Bank’s 9.4% p.a.
₹5L · 4 yr
₹12,538/mo
₹8L · 5 yr
₹16,762/mo
₹13L · 7 yr
₹21,181/mo

Eligibility

At HDFC Bank
Age21 – 65 years
Min salary₹25,000/mo
Min income (self-emp)₹3,00,000/yr
Min credit score700+
Employmentsalaried, self employed, professional
DisbursalSame-day digital disbursal via XpressCar
Typical for new car loan
FinancingTypically up to 80 – 90% of on-road price

Loan terms

Amount₹1L – ₹1.5Cr
Tenure1 – 7 years
Rate typefloating
PrepaymentNil
Late payment2% per month on overdue EMI
  • 48-hour approval for pre-approved profiles
  • Finances new and used cars
  • Loan against existing car

Fees & charges

Prepayment / foreclosureVaries by lender and rate type
Late paymentAs per each lender’s schedule

FAQ

Used-car loans price higher than new-car loans because of the collateral risk — see the separate used-car page. Salary-account customers often get a small rate discount on new cars.

Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.

No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.

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