HDFC Banks Provides Car Loans In India
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HDFC Banks Provides Car Loans In India

Published by: Pankaj (66)
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HDFC Bank is one of the trusted names in offering financing solutions at competitive rates of interests and plans. You don’t have to wait for long time as this Car loan application gets processed within 48 hours. For this loan, guarantor is not needed until and unless applicant is eligible for the loan as per the standard norms and rules. Applicants just need to fill an online application form and representatives of the bank will get in touch with applicants as soon as possible. It is not necessary to hold an account with the bank as this car loan can be availed to the applicants without holding an account. HDFC offers numerous options to choose from that turns out to be convenient for applicants. Following are the car loan plans that are offered by the bank:


Auto Loan Takeover Plan: This plan is offered into only HDFC Bank account holders. It is applicable for the used car products for the loan take over product. Upto 80% of the value of car can be borrowed under this loan scheme. If applicants have an account with the bank from more than six months, then minimum documentation is needed for fast approvals of the loan.


NRI Loans: This scheme is specially offered for NRIs that are offered at competitive interest rates. Under this loan scheme, NRIs can avail the new car loans from HDFC Bank for the use of the vehicles by their relatives in India. Few of the additional documents would be required to apply for this loan that includes Contract copy and salary slip of NRI, endorsement on passport for last 3 years, proof of ownership of property and post-dated cheques must be from the resident account of the borrower.


Past re-payment history: This special loan scheme is offered to the customers who have good credit history regarding car loan. Eligible customers who have taken the loan and repaid it back successfully without any outstanding can apply for the loan with this scheme at attractive interest rates.


No Income-Document Loan Plan: As its name suggests, under this plan, proof of income is not required. In this, only 60 %of the invoice value can be borrowed and its tenure period is of 3 years.


100% Loan Plan with Fixed Deposit Lien: Under this plan scheme, 100% loan value can be borrowed against the fixed deposit lien placed in the HDFC bank. Installments can be paid separately or out of the deposit.
Advantage platinum Credit Card Plan: This is another special loan scheme offered y HDFC bank in which if applicant have any one of HDFC Bank International Credit Card, Citibank Gold, Citibank Diners, HSBC Gold or ANZ Grindlays Gold, then he/ she is eligible to apply for the loan. For this loan, card should be one year old and tenure period will be allotted upto 3 years.
Following are the benefits of HDFC car loans:
• Covers the widest range of cars and multi-utility vehicles in India
• Avail 100% finance on your favorite car
• Flexible repayment options, ranging from 12 to 84 months
• Borrow up to 3 times your annual salary (for salaried professionals) and 6 times your annual income (for self-employed professionals)
• Speedy processing – within 48 hours
• Repayment with easy EMIs
• Attractive car loan plans
• Attractive Interest rates
• Hassle-free documentation

Pankaj - About the Author:

HDFC provide you car loan to check there EMI vist HDFC Car Loan

Source: http://articleswrap.com/article/hdfc-banks-provides-car-loans-in-india.html
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