HDFC Bank Decreases Car Loan Interest Rates
HDFC Bank has recently reduced the interest rates on a car loan. It's a good time to get the car loan and take home your dream car. Apply online for car loans in Delhi NCR with Banknomics India today.
As we are in New Year with new hopes and goals, HDFC Bank is giving gift to their customers by decreasing the car loan interest rates. In last year, HDFC car loan interest rates were started from 11.50% but now HDFC has reduced their interest rates on car loans. Now the HDFC Car Loan is starting from 9.25% which is almost 2.25% less than earlier. It's a great chance for car buyers to save money and get a car loan from HDFC bank and opt their own car. Here are some important things about HDFC car loan which Banknomics thinks you should know:
Interest Rates 9.25% – 11.25%
Processing Fee 0.4% of Loan Amount or Rs.10000, whichever is lower
Repayment 7 Years
Loan Amount Up to 100%
Foreclosure Charges Nil
Monthly Income 15000
As you can see in the table above, the rates are now affordable and one can save a good amount while repaying the loan so it's a great opportunity for car buyers now.
Apart from the monthly income, it's suggested to check the CIBIL score and repayment capacity before going to apply for a Car Loan (http://www.banknomics.com/
Let us clear your other doubt regarding the documents required for Car Loan. You will need following documents for a successful car loan approval:
· Identity Proof – Aadhaar Card / Passport / Voter Card
· Income Proof – ITR / Form 16 / P & LAc
· Address Proof – License / Tel Bill / Electricity Bill / Sales Tax Cert
· Bank Statement of last 6 months
· Salary Slip
You can contact HDFC representatives or Financial advisors like Banknomics for a hassle free Car Loan approval. Banknomics have tied up with HDFC and other 40+ banks and can help you with other financial products.
With HDFC bank, owning your dream car is very easy. Just follow few easy steps and you can get your loan disbursal within a couple of days. HDFC Bank can offer a car loan for up to 100% of the value. Learn more about car loan and avail best deals at low-interest rates with Banknomics India.