Auto Loan
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Auto Loan
Travel has become an essential part of daily life whether it’s commuting to work, going on family outings, or taking weekend getaways. Owning a car not only provides comfort and convenience but also enhances your mobility and independence. A car loan can help you move one step closer to owning the vehicle you’ve always wanted.
At HDB Financial Services, we offer instant auto loans that provide financial support for both new and used car purchases. Whether you’re looking to buy your first vehicle or upgrade your existing one, our loan solutions are designed to meet your diverse needs.
We also provide used car refinance options for customers who wish to refinance their existing car loans. In addition, we offer top-up loans on existing vehicle loans to help you cover additional expenses with ease.
Why Choose HDB Financial Services for Your Auto Loan?
- Attractive interest rates tailored to your financial profile
- Quick loan processing and speedy disbursal
- Hassle-free documentation process
- Convenient top-up loan options
Types of Auto Loans Offered
1. New Car Loan - Financing for the purchase of a brand-new car.
2. Used Car Loan - Affordable funding for purchasing a pre-owned vehicle.
3. Used Car Refinance - Refinance your existing used car loan to better manage your EMIs or get a top-up.
Apply for an instant car loan online or visit your nearest HDB Financial Services branch, and let us help you bring your dream car home.
Calculate your Loan EMI instantly
Availing an auto loan from HDB Financial Services can offer you several benefits:
Apply for online car loan or visit your nearest HDB Financial Services branch to avail the best offer based on your financial profile.
Attractive car loan interest rates
Take advantage of competitive interest rates on loans for new and used cars. We also offer refinancing options for pre-owned vehicles, helping you manage your finances more effectively.
Top-Up Facility on Existing Vehicle Loan
Need extra funds? You can opt for a top-up on your existing vehicle loan ideal for upgrading to a new vehicle, purchasing a second car, or refinancing your current auto loan.
Car Loan up to 100% of Vehicle Value
Based on your eligibility, we offer funding of up to 100% of the vehicle’s value ensuring your financial requirements are fully met without upfront costs.
Flexible Repayment Tenure
Repay your auto loan comfortably over a flexible tenure ranging from 12 to 84 months. Whether you’re financing a new car, a used car, or opting for used car refinance, we ensure your repayment plan suits your cash flow.
Hassle Free Documentation Process
Our simplified and seamless documentation process ensures a quick and easy loan application whether you’re applying online or at a branch.Repayment Through Convenient EMIs
Choose a repayment plan that fits your budget. Our auto loan EMIs are designed for flexibility, allowing you to manage your payments comfortably based on your financial profile.
Salaried Individuals:
Eligibility Criteria
- Minimum age of applicant: 21 years.
- Maximum age of applicant at loan maturity: 60 years.
- Employment: Minimum 3 years in employment and minimum 1 year in the current organization.
- Minimum Net Monthly Income: ₹ 25,000 per month.
Self Employed (Non-Professionals, Individual & Proprietorship firms): Eligibility Criteria:
- Minimum age of applicant: 21 years.
- Maximum age of applicant at loan maturity: 65 years.
- Years in business: Minimum 2 years in the same business.
- Minimum Annual Income: ₹ 3,00,000 per annum.
Self Employed (Partnership Firms & Private Limited Company):
Eligibility Criteria
- Minimum age of applicant: 21 years.
- Maximum age of applicant at loan maturity: 65 years.
- Years in business: Minimum 2 years in the same business.
- Minimum Annual Income: ₹ 3,00,000 per annum.
Salaried Individuals:
Documents required:
- Proof of Identity & Address Proof: Passport / Voters ID / Driving License/ PAN Card / Photo Credit Card / Photo / Employee ID card for Govt. & PSU employees / Driving License / Voter ID / Any one utility bill (electricity, telephone, post-paid mobile, piped gas, or water) dated within the last two months. Registered Rental Agreement / Letter of allotment of accommodation from employer / Leave and license agreements with employers allotting official accommodation.
- Bank Statements: Latest three months bank statement.
- Latest 3 Months Salary Slip along with latest Form 16 / ITR / Appointment Letter.
- Additional document subject to under whichever credit program customer is being assessed, eg - if customer is applying under agri then agri land proof, if transporter then fleet list and if repayment then repayment track details.
Self Employed (Non-Professionals, Individual & Proprietorship firms):
Documents required:
- Proof of Identity & Address Proof: Passport / Voters ID / Driving License/ PAN Card / Shops & Establishment certificate/ Trade license certificate/ SSI registration certificate/ Sales Tax / VAT registration certificate /Any one utility bill (electricity, telephone, post-paid mobile, piped gas, or water) dated within the last two months. Shops & Establishment certificate/Trade license certificate/ SSI registration certificate- Sales Tax /VAT registration certificate/Driving License/ Voter ID / Registered Rental Agreement /Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation.
- Bank Statements - Latest six months bank statement
- Latest 2 years ITR along with computation of Income and latest 2 years Audited Financials required (if applicable) along with Audit Report
- Additional document subject to under whichever credit program customer is being assessed, eg - if customer is applying under agri then agri land proof, if transporter then fleet list and if repayment then repayment track details
Self Employed (Partnership Firms & Private Limited Company):
Documents required:
- Partnership deed for firms / Memorandum of Association for companies
- Proof of Identity & Address Proof: Passport / Voters ID / Driving License/ PAN Card*, Any one utility bill (electricity, telephone, post-paid mobile, piped gas, or water) dated within the last two months. Shops & Establishment certificate/ Trade license certificate/ SSI registration certificate- Sales Tax /VAT registration certificate/ Registered Rental Agreement/Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation.
- Bank Statements - Latest six months bank statement
- Latest 2 years ITR along with computation of Income and latest 2 years Audited Financials required (if applicable) along with Audit Report/ Latest ITR to be filed at least 60 days prior to login of file
- Passport size photographs
- Proof of continuation (Trade license / Establishment / Sales Tax certificate/ SSI Registration)
- Additional document subject to under whichever credit program customer is being assessed, eg - if customer is applying under agri then agri land proof, if transporter then fleet list and if repayment then repayment track details
Take the next step & manage your immediate financial needs now.
Apply on WhatsAppHow to Apply for an Auto Loan from HDB Financial Services
The application process for an Auto Loan is simple and can be completed through the following options:
- Step 1: Enter your mobile number and verify it by entering the OTP (One-Time Password) sent to your phone.
- Step 2: Fill in the Personal details.
- Step 3: Once Your Auto loan application is submitted, a representative will get in touch with you shortly.
- Step 1: Open the app and enter your mobile number
- Step 2: Verify using the OTP received
- Step 3: Tap on ‘Apply for New Loan’ or ‘Pre-Approved Loans’ (if eligible)
- Step 4: Fill in required details – loan amount, purpose, PAN and employment information
- Step 5: Upload KYC documents and income proof (as applicable)
- Step 6: Submit your application for instant processing
2. Apply via ‘HDB OnTheGo’ App
Download the ‘HDB OnTheGo’ app from the Play Store or App Store to experience a seamless personal loan journey.
Enjoy a fully digital and paperless loan experience. Pre-approved users can get loans with minimal documentation and instant disbursal.
3. Visit the Nearest Branch
Prefer face-to-face assistance? Visit your nearest HDB Financial Services branch and speak to our Auto loan representative for personalized support.
4. Apply by Phone
Call our customer support team on +91-4442984541 and apply for an instant auto loan.
*HDB Financial Services Ltd. may use the services of various agents on its behalf for the purpose of sales and marketing for HDB’s products and services.
*Terms and conditions apply, based on applicant's eligibility and financial profile.
Car Loan FAQ
- i. New Car Purchase: For buying a brand-new car.
- ii. Used Car Purchase: For buying a pre-owned car.
- iii. Used Car Refinance: For refinancing an existing used car loan for better interest rates.
- 1. Salaried individuals.
- 2. Self-employed individuals (including non-professionals and sole proprietorships).
- 3. Self-employed entities (Private Limited Companies and Partnership firms).
- 1. Attractive interest rates.
- 2. Top-up options on existing vehicle loans.
- 3. Loans for up to 100% of the vehicle value.
- 4. Flexible repayment terms.
- 5. Easy documentation.
- 6. Convenient EMI repayment options.
- i. Click on 'My Account' on the website. Enter the DOB or PAN number verify your mobile number with an OTP.
- ii. Using 'HDB - OnTheGo' app.
- iii. Write to us at customer.support@hdbfs.com.
- iv. Visit the nearest HDB Financial Services branch. You can locate here.
Click here to apply for the best car loan now!
