Auto Loans

Banasthali University September, 2011

HDFC Car Loans

Features & Benefits Covers the widest range of cars and multi-utility vehicles in India. Up to 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. Repay with easy EMIs. Attractive Interest rates Hassle-free documentation. Customer Privileges If you are an HDFC Bank account holder, we have special rates for you. If you have had a 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.

Eligibility (Salaried Individuals)

Salaried Individuals Eligibility Criteria: Minimum age of Applicant: 21 years Maximum age of Applicant at loan maturity: 58 years Minimum employment: 1 year in current employment and minimum 2 years of employment Minimum Annual Income: Rs 100000 net annual income Telephone: Must at residence Documents required: Proof of Identity:- Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible) Income Proof:- Latest salary slip with form 16. Address Proof:- Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card. Bank Statement:- Not mandatory

Eligibility (Self Employed)

Self Employed Eligibility Criteria: Minimum age of Applicant: 21 years Maximum age of Applicant at loan maturity: 65 years Minimum employment: At least 3 years in business Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars Telephone: Must at residence Documents required: Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving license( Laminated, Recent, Legible) Income Proof:- Latest ITR Address Proof:- Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card 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.

Fees and Charges

Fees & Charges Cheque bouncing charges Rs. 450 5% of POS for preclosures within 13-24 months from 1st EMI 3% of POS for preclosures post 24 months from 1st EMI No foreclosure allowed within 6 months from date of availing the car loan Stamp Duty At actuals Late Payment Penalty 2% per month Processing fees Upto 2.5 Lacs : Rs.2000/-, 2.51 to 4 lacs : Rs.3000/> 4 Lacs :Rs. 3500/Rs 500/- Loan cancellation