New Car Loans

Why avail a New Car Loan from HDFC Bank?

HDFC Bank offers a wide range of car loans that can be tailored to your needs. This
comprehensive product offering and a robust disbursal process make HDFC the frontrunner for
car loans. Enjoy three-fold benefits when you avail a new car loan from HDFC bank.
 Quick Disbursal – We offer hassle-free car loan at your doorstep. Experience ease of
documentation, quick sanction and disbursal.
 Attractive Interest Rates – Our car loan interest rates and processing charges are highly
competitive.
 Customer-Friendly Policies – Our loan process is completely transparent, with no hidden
charges. We handhold you at each stage of the process and offer continuous status updates for
your loan application.
Features and Benefits of New Car Loans

HDFC Bank New Car Loan offers the following exclusive features and benefits:
 Get up to 100% finance on your favourite car.**
 Avail loans for the widest range of cars and multi-utility vehicles in India.
 Experience flexible loan repayment tenures – from 12 months up to 84 months.
 Avail a car loan of up to 6 times your yearly income.
 Check Car Loan eligibility in a minute. Approval of Car loan in 30 minutes.
 Pocket-friendly EMI repayment options.
 Fastrack your loan by choosing the plan that is right for you.
 Reasonable interest rates.
 Swift and customer-friendly documentation process.
 Unique schemes for existing HDFC bank customers.
 Easy loans up to Rs. 1.5 Cr.
**Offers on specific models. Terms & conditions apply.

Check Car Loan eligibility in a minute. Approval of Car loan in 30 minutes.

Eligibility and Documentation of New Car Loans
Get details on eligibility criteria & documents required for HDFC Bank New Car Loans
Check which category you fit into first. Depending on the kind of work you do, our requirements to
give you a loan will be different.
Are you a salaried employee?
This category includes salaried doctors, CAs, employees of select public and private limited
companies, government sector employees such as public sector undertakings and central, state
and local bodies.
You should:
 Minimum age for Salaried is 21 years (at time of loan application) and <=60 (at the end of
the loan tenure)
 Have had a job for at least 2 years, and a minimum of 1 year with your current employer
 Earn at least an income of Rs. 1,80,000 annually, including the income of your
spouse/Co-applicant.
 Have a tele-phone/ post paid mobile
 Documents you will need to submit:
 Proof of Identity: Passport copy, PAN Card, Voters Id card, driving licence( Laminated,
Recent, Legible)
 Income Proof: Latest salary slip with form 16.
 Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/
electricity bill/Life insurance policy PAN Card.
 Bank Statement:Last 6 months
Are you a self employed individual (Sole Proprietorship)?
This category includes self-employed sole proprietors in the business of manufacturing, trading or
services.
You should:
 Minimum age for Self Employed is 21 years (at the time of loan application) and <=65 (at
the end of the loan tenure)
 Be in business for at least 2 years
 Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least
Rs. 1,00,000 per annum for mid-sized and premium cars.
 Have a telephone at residence / Post Paid mobile connection
Documents you will need to submit:
 Proof of Identity: Passport copy, PAN Card, Voters Id car, driving licence( Laminated,
Recent, Legible)
 Income Proof: Latest ITR
 Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/
electricity bill/Life insurance policy PAN Card
 Bank Statement:Last 6 months
Are you self employed (Partnership Firms)?
This category includes self-employed partners in the business of manufacturing, trading or
services.
You should:
 Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least
Rs. 1,50,000 lakh/anum for car loan
 Have a minimum turnover of Rs. 4,50,000 per annum
 Have a landline at your office and residence.
Documents you will need to submit:
 Proof of Identity: NA
 Income Proof: Audited balance sheet, Profit & Loss Account for latest two years and the
latest 2 years IT returns of the company
 Address Proof: Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI
registered certificate/Sales Tax certificate
 Bank Statement:Last 6 months
Are you self employed (Private Limited Companies)?
If you own a private company in the business of manufacturing, trading or services, this is for you.
You should:
 Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least
Rs. 1,50,000 per annum for mid-sized and premium cars
 Have a minimum turnover of Rs. 4,50,000 per annum
 Have a landline at office
Documents you will need to submit:
 Proof of Identity: NA
 Income Proof: Audited balance sheet, Profit & Loss Account for latest two years and the
latest 2 years IT returns of the company
 Address Proof: Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI
registered certificate/Sales Tax certificate
 Bank Statement:Last 6 months
Are you self employed (Public Limited Companies)?
If you are a director in a public limited company in the business of manufacturing, trading or
services, this is for you.
You should:
 Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least
Rs. 1,50,000 per annum for mid-sized and premium cars
 Have a minimum turnover of Rs. 4,50,000 per annum
 Have a landline at office
Documents you will need to submit:
 Proof of Identity: NA
 Income Proof: Audited balance sheet, Profit & Loss Account for latest two years
 Address Proof: Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI
registered certificate/Sales Tax certificate
 Bank Statement:Last 6 months
New Car Loans Interest Rates & Charges
Enclosed below are HDFC Bank New Car Loans Interest Rates & Charges
Description of charges New Car Loans
Foreclosure charges* No foreclosure allowed within 6
months from date of availing the car
loan

6% of Principal Outstanding for

preclosures within 1 year from
7th EMI

5% of Principal Outstanding for

preclosures within 13-24 months
from 1st EMI

3% of Principal Outstanding for

preclosures post 24 months from
1st EMI
Part-Payment charges* Part-payment is allowed subject to
completion of 12 months (i.e., Post
payment of 12 EMIs)

Part payment will be allowed

twice only during loan tenure.
Part payment is allowed only
once a year. At any point of
time, part payment will not
increase beyond 25% of
Principal Outstanding.

5% on the part payment amount

in case part prepayment is within
13-24 months from 1st EMI

3% on the part payment amount

in case part prepayment is post
24 months from 1st EMI

Stamp Duty (Non -refundable) At actuals

Late Payment Penalty 2% per month

Processing fees* (Non - Up to 2.5 Lakhs: Rs. 2825/-

refundable)
Over Rs. 2.51 Lakhs up to 4
Lakhs: Rs. 3850/-

Over Rs. 4.01 Lakhs to 5 Lakhs:

Rs. 4300/-

Over Rs. 5.01 Lakhs up to 10

Lakhs: Rs. 4650/-

Cheque/ ECS swapping charges
Loan cancellation
Legal, Repossession
& Incidental charges
Duplicate no due certificate /
NOC
Loan Reschedulement charges/
rebooking charges
LPG/ CNG NOC/ Other Special
NOC
CIBIL Charges (only on request) Rs. 50/-
Cheque/ SI / ECS Return
Charges*
10 Lakhs plus: Rs. 5150/-
Rs 500/- Instance
In the event of cancellation, interest
charges from disbursement date till
refund of disbursement amount will
be borne by the customer.
Processing Fee and Stamp duty are
non-refundable charges and would
not be waived/refunded in case of
loan cancellation.
At actuals
Rs 500/- Instance
Rs. 1000/- will be charged. If
changes are required on RC,
refundable Security Deposit – non-
interest bearing of Rs. 5000 would
be required. It will be the borrower's
responsibility to provide the
transferred Registration Certificate
to the bank.
Rs 500/- Instance
Rs. 550/- per instance
Amortisation Schedule Charges Customer can download the
schedule from E-Delight free of
cost. Rs. 200/- per schedule would
be charged at customer service desk.

Commercial / Personal Use Rs. 2250/- per NOC

NOC (conversion subject to
credit approval)

Collateral Charges* Rs.300 per case

Rack interest rate 11.50% to 13.75% depending on the

segment of vehicle
Inter State NOC
Refundable Security Deposit (non-interest bearing) of Rs. 5000 will be taken. It will be the
borrower's responsibility to provide the transferred Registration certificate to the bank. In addition
NOC charge would be Rs. 500/-
It is also advised, that the customers should refrain from any dealings in cash with the
Bank's Direct Sales associates. Borrowers should also not make any payments in
cash/bearer cheque or kind in connection with the loan, to the executive, dealing with the
borrower for purpose of the loan.

Rates offered to customer during the period of Oct'15 to Dec'15

Bank IRR
Product Min IRR Max IRR Avg IRR
AUTO LOAN 9.35% 13.51% 9.94%
Annual Percentage Rate offered to customer during the period of Oct'15 to Dec'15
APR
Product Min APR Max APR Avg APR
AUTO LOAN 9.35% 14.29% 10.14%
Note: * Foreclosure, Part-Payment, Processing fees, Cheque/SI/ECS Return
and Collateral charges are exclusive of service tax. Service tax and other government levies, as
 applicable, would be charged additionally.

Collateral charges / PDD Collection charges are refundable in case of loan cancellation.

Pre-owned Car Loans

Why take a Pre-owned Car Loan from HDFC Bank?
Whatever be your need we have a loan for you. Over the years we have won the trust of our
customers and have become market leader in loan products.

Enjoy triple benefits when you take a Pre-owned Car Loan from HDFC Bank:
 Faster loan - Our loan sanction and disbursal is one of the quickest with easy
documentation and doorstep service.
 Competitive pricing – Our loan rates and charges are very attractive
 Transparency – Complete clarity on loan process and No hidden charges. Update on
status of loan application at each stage.
Features and Benefits of Pre-owned Car Loans
HDFC Bank only offers the trasparency of Fixed Reducing Rate of Interest (No Floating Rates)
Managing for funds for buying a used car isn’t always an easy thing to do. But HDFC Bank’s Pre-
owned Car Loans put you in the driver’s seat easily. Get Pre-owned Car Loans of almost 3 – 6
times of your annual income for all car models. HDFC Bank also helps you select a good quality
used car at competitive prices, from the wide range of used cars uploaded by select dealers
across the country!

You will get some exclusive features and benefits with your HDFC Bank Pre-owned Car Loans
 Choose any car manufactured in India within a certain age*.
 Borrow up to 80% of the value of the car.
 Get flexible repayment options, ranging from 12 to 60 months.
 Borrow up to 3 – 6 times your annual income**
 Available for almost all car models at attractive interest rates.
 Repay with easy EMIs.
 Attractive car loan plans
 Fastrack your loan by choosing the plan that is right for you.
 Get an additional loan on your existing HDFC Bank Auto loan
 Special privileges for HDFC Bank account holders
 Special privileges for HDFC Bank account holders
 Max Loan Rs. 50 Lakhs
* Age of Car at loan maturity should not cross 10 years subject to maximum loan tenure of 60
months.

Check Car Loan eligibility in a minute. Approval of Car loan in 30 minutes.

Eligibility and Documentation of Pre-owned Car Loans
Get details on eligibility criteria & documents required for HDFC Bank Pre-owned Car Loans
 Check which category you fit into first. Depending on the kind of work you do, our requirements to
give you a loan will be different.
Are you a salaried employee?
This category includes salaried doctors, CAs, employees of select public and private limited
companies, government sector employees such as public sector undertakings and central, state
and local bodies.
You should:
 Minimum age for Salaried is 21 years (at time of loan application) and <=60 (at the end of
the loan tenure)
 Have had a job for at least 2 years, and a minimum of 1 year with your current employer
 Earn at least an income of Rs. 100000 annually, including the income of your spouse
 Have a telephone at your residence
Documents you will need to submit:
 Age Proof: Any one of Passport copy, PAN Card, Voters ID card, Photo driving license
with birth date ( laminated, recent , legible), Photo ration card with DOB, Employer certificate/ID,
School/College Leaving certificate.
 Proof of Identity: Any one of Passport copy, PAN Card, Voters ID card, Photo driving
license with birth date, Photo ration card with DOB.
 Income Proof: Latest salary slip with latest form 16/latest ITR. HDFC bank corporate
salary account statement for salary credits of above Rs. 8000 for three months.
 Address Proof: Any one of Photo Ration card with DOB, Photo Driving license with
DOB, Passport copy, Telephone bill, Electricity bill, Credit Card statement with credit card copy,
Employer certificate/ID.
 Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date
(laminated, recent, legible), Credit Card statement with credit card copy, Banker's verification,
Copy of margin money paid to bank.
Are you a self employed individual (Sole Proprietorship)?
This category includes self-employed sole proprietors in the business of manufacturing, trading or
services.
You should:
 Minimum age for Self Employed is 25 years (at the time of loan application) and <=65 (at
the end of the loan tenure)
 Be in business for at least 3years
 Earn at least Rs. 60,000 per annum
 Have a telephone at your residence
Documents you will need to submit:
Age Proof: Any one of Passport copy, PAN Card, Voters ID card, Photo driving license with birth
date ( laminated, recent , legible), Photo ration card with DOB, Employer certificate/ID,
School/College Leaving certificate.
Proof of Identity: Any one of Passport copy, PAN Card, Voters ID card, Photo driving license
with birth date ( laminated, recent , legible), Photo ration card with DOB.
Income Proof: Latest ITR / Previous ITR with Adv. Tax paid Challan / latest IT assessment order.
Address Proof: Any one of Photo Ration card with DOB, Photo Driving license with DOB,
Passport copy, Telephone bill, Electricity bill, Credit Card statement with credit card copy,
Employer certificate/ID.
 Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date
(laminated, recent, legible), Credit Card statement with credit card copy, Banker's verification,
Copy of margin money paid to bank.
Are you self employed (Partnership Firms)?
This category includes self-employed partners in the business of manufacturing, trading or
services.
You should:
 Earn at least Rs. 60,000 per annum
 Have a minimum turnover of Rs. 4,50,000 per annum
 Have a landline at your office and residence. However, Post-paid mobile phone of three
month vintage is acceptable in case of landline at only one place.
Documents you will need to submit:
 Age Proof:, Partnership deed.
 Proof of Identity: Partnership deed.
 Income Proof: Latest ITR and latest Balance Sheet along with Profit and Loss Account.
In case of Business turnovers exceeding 40 Lakhs or Professional turnovers exceeding 10 Lakhs,
the Balance sheet needs to have been audited and in which case the latest Income Tax Return
need not be taken.
 Address Proof: Partnership deed or any of Telephone bill, Electricity bill.
 Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date
(laminated, recent, legible), Credit Card statement with credit card copy, Banker's verification,
Copy of margin money paid to bank.
Are you self employed (Private Limited Companies)?
If you own a private company in the business of manufacturing, trading or services, this is for you.
You should:
 Earn at least Rs. 60,000 annually
 Have a landline at office
Documents you will need to submit:
 Age Proof: Memorandum and Articles of Association / Certificate of incorporation.
 Proof of Identity: Memorandum and Articles of Association / Certificate of incorporation.
 Income Proof: Latest ITR and latest audited Balance Sheet along with Profit and Loss
Account.
 Address Proof: Memorandum and Articles of Association / Certificate of incorporation or
any of Telephone Bill, Electricity Bill.
 Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date
(laminated, recent, legible), Credit Card statement with credit card copy, Banker's verification,
Copy of margin money paid to bank.
Are you self employed (Public Limited Companies)?
If you are a director in a public limited company in the business of manufacturing, trading or
services, this is for you.
You should:
 Earn at least Rs. 60,000 annually
 Have a landline at office
Documents you will need to submit:
 Age Proof: Memorandum and Articles of Association / Certificate of incorporation.
 Proof of Identity: Memorandum and Articles of Association / Certificate of incorporation.
 Income Proof: Latest ITR and latest audited Balance Sheet along with Profit and Loss
Account
 Address Proof: Memorandum and Articles of Association / Certificate of incorporation or
any of Telephone Bill, Electricity Bill.
 Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date
(laminated, recent, legible), Credit Card statement with credit card copy, Banker's verification,
Copy of margin money paid to bank.
Are you self employed (Hindu Undivided Family- HUF)?
If you are self-employed in a business that falls under a HUF, this is for you.
You should:
 Earn at least Rs. 60,000 per annum
 Have a landline at your office and residence. However, Post-paid mobile phone of three
month vintage is acceptable in case of landline at only one place.
 For HUFs, the Karta should be the co-applicant in his individual capacity.

Loan against Car

Why take a Loan against Car from HDFC Bank?
Whatever be your need we have a loan for you. Over the years we have won the trust of our
customers and have become market leader in loan products.

Enjoy triple benefits when you take a Loan against Car from HDFC Bank:
 Faster loan - Our loan sanction and disbursal is one of the quickest with easy
documentation and doorstep service.
 Competitive pricing – Our loan rates and charges are very attractive
 Transparency – Complete clarity on loan process and No hidden charges. Update on
status of loan application at each stage.
Features and Benefits of Loan against Car
HDFC Bank only offers the trasparency of Fixed Reducing Rate of Interest (No Floating Rates)
Did you paid your car loan installments on time for at least 9 months? If yes, then you can top-up
your car loan with HDFC Bank’s Loan against Car. Loan against Car allows you to avail of an
additional loan till the extent of your original loan amount, at an attractive rate of interest. This top-
up loan is a benefit that you get for keeping a clear repayment track record.

You will get some exclusive features and benefits with your HDFC Bank Loan against Car
 Borrow up to 100% of the original loan value of the car.
 Valuation of the car is not mandatory.
 Wide range of approved models/variants and manufacturers are considered.
 We make quick and hassle-free disbursals.
Check Car Loan eligibility in a minute. Approval of Car loan in 30 minutes.
Eligibility and Documentation of Loan against Car
Get details on eligibility criteria & documents required for HDFC Bank Loan against Car
Check which category you fit into first. Depending on the kind of work you do, our requirements to
give you a loan will be different.
Are you a salaried employee?
 This category includes salaried doctors, CAs, employees of select public and private limited
companies, government sector employees such as public sector undertakings and central, state
and local bodies.
You should:
 Be between the age of 21 years (at the time of application) and <= 65 years (at the end of
the loan tenure)
 Have had a job for at least 2 years, and a minimum of 1 year with your current employer
 Earn at least an income of Rs. 100000 annually, including the income of your spouse
 Have a telephone at your residence
Documents you will need to submit:
 Age Proof: Any one of Passport copy, PAN Card, Voters ID card, Photo driving license
with birth date ( laminated, recent , legible), Photo ration card with DOB, Employer certificate/ID,
School/College Leaving certificate.
 Proof of Identity: Any one of Passport copy, PAN Card, Voters ID card, Photo driving
license with birth date, Photo ration card with DOB.
 Income Proof: Latest salary slip with latest form 16/latest ITR. HDFC bank corporate
salary account statement for salary credits of above Rs. 8000 for three months.
 Address Proof: Any one of Photo Ration card with DOB, Photo Driving license with
DOB, Passport copy, Telephone bill, Electricity bill, Credit Card statement with credit card copy,
Employer certificate/ID.
 Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date (
laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification,
Copy of margin money paid to bank.
 9 month repayment track for vehicle under personal usage and 12 month repayment
track for vehicles under commercial usage.
 Foreclosure statement (if non HDFC Bank Car-loan on the vehicle).
Are you a self employed individual (Sole Proprietorship)?
This category includes self-employed sole proprietors in the business of manufacturing, trading or
services.
You should:
 Be between the age of 21 years (at the time of application) and <= 65 years (at the end of
the loan tenure)
 Be in business for at least 3years
 Earn at least Rs. 60,000 per annum
 Have a telephone at your residence
Documents you will need to submit:
 Age Proof: Any one of Passport copy, PAN Card, Voters ID card, Photo driving license
with birth date ( laminated, recent , legible), Photo ration card with DOB, Employer certificate/ID,
School/College Leaving certificate.
 Proof of Identity: Any one of Passport copy, PAN Card, Voters ID card, Photo driving
license with birth date ( laminated, recent , legible), Photo ration card with DOB.
 Income Proof: Latest ITR / Previous ITR with Adv. Tax paid Challan / latest IT
assessment order.
 Address Proof: Any one of Photo Ration card with DOB, Photo Driving license with
DOB, Passport copy, Telephone bill, Electricity bill, Credit Card statement with credit card copy,
Employer certificate/ID.
 Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date
(laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification,
Copy of margin money paid to bank.
 9 month repayment track for vehicle under personal usage and 12 month repayment
track for vehicles under commercial usage.
 Foreclosure statement (if non HDFC Bank Car-loan on the vehicle).
Are you self employed (Partnership Firms)?
This category includes self-employed partners in the business of manufacturing, trading or
services.
You should:
 Earn at least Rs. 60,000 per annum
 Have a minimum turnover of Rs. 4,50,000 per annum
 Have a landline at your office and residence. However, Post-paid mobile phone of three
month vintage is acceptable in case of landline at only one place.
Documents you will need to submit:
 Age Proof: Partnership deed.
 Proof of Identity: Partnership deed.
 Income Proof: Latest ITR and latest Balance Sheet along with Profit and Loss Account.
In case of Business turnovers exceeding 40 Lakhs or Professional turnovers exceeding 10 Lakhs,
the Balance sheet needs to have been audited and in which case the latest Income Tax Return
need not be taken.
 Address Proof: Partnership deed or any of Telephone bill, Electricity bill.
 Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date
(laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification,
Copy of margin money paid to bank.
 9 month repayment track for vehicle under personal usage and 12 month repayment
track for vehicles under commercial usage.
 Foreclosure statement (if non HDFC Bank Car-loan on the vehicle).
Are you self employed (Private Limited Companies)?
If you own a private company in the business of manufacturing, trading or services, this is for you.
You should:
 Earn at least Rs. 60,000 annually
 Have a landline at office
Documents you will need to submit:
 Age Proof: Memorandum and Articles of Association / Certificate of incorporation.
 Proof of Identity: Memorandum and Articles of Association / Certificate of incorporation.
 Income Proof: Latest ITR and latest audited Balance Sheet along with Profit and Loss
Account.
 Address Proof: Memorandum and Articles of Association / Certificate of incorporation or
any of Telephone Bill, Electricity Bill.
 Sign Verification Proof: Any one of Passport copy, Photo driving license with birth date
(laminated, recent , legible), Credit Card statement with credit card copy, Banker's verification,
Copy of margin money paid to bank.
 9 month repayment track for vehicle under personal usage and 12 month repayment
track for vehicles under commercial usage.
 Foreclosure statement (if non HDFC Bank Car-loan on the vehicle).
Are you self employed (Hindu Undivided Family- HUF)?
If you are self-employed in a business that falls under a HUF, this is for you.
You should:
 Earn at least Rs. 60,000 per annum
 Have a landline at your office and residence. However, Post-paid mobile phone of three
month vintage is acceptable in case of landline at only one place.
 For HUFs, the Karta should be the co-applicant in his individual capacity.
Loan against Car Interest Rates & Charges
Enclosed below are HDFC Bank Loan against Car Interest Rates & Charges
Description of charges Loan against car
Foreclosure charges* No foreclosure allowed within 6
months from date of availing the car
loan

6% of Principal Outstanding for

preclosures within 1 year from
7th EMI

5% of Principal Outstanding for

preclosures within 13-24
months from 1st EMI

3% of Principal Outstanding for

preclosures post 24 months from
1st EMI

Part-Payment charges* Part-payment is allowed subject to

completion of 12 months (i.e., Post
payment of 12 EMIs)

Part payment will be allowed

twice only during loan tenure.
Part payment is allowed only
once a year. At any point of
time, part payment will not
increase beyond 25% of
Principal Outstanding.
 5% on the part payment amount
in case part prepayment is
within 13-24 months from 1st
EMI

3% on the part payment amount

in case part prepayment is post
24 months from 1st EMI

Stamp Duty (Non -refundable) At actuals

Late Payment Penalty 2% per month

Processing fees* (Non - 2% of loan amount + Rs. 200 or Rs.

refundable) 5200/-, whichever is lower.

Cheque/ ECS swapping charges Rs 500/- Instance

Loan cancellation In the event of cancellation, interest

charges from disbursement date till
refund of disbursementamount will
be borne by the customer.
Processing Fee, Stamp duty and
RTO charges (Used Car Purchase /
Refinance/Rewards) are non-
refundable charges and would not
be waived/refunded in case of loan
cancellation.

Legal, Repossession At actuals

& Incidental charges

Duplicate no due certificate / Rs 500/- Instance

NOC
Loan Reschedulement charges/ Rs. 1000/- will be charged. If
rebooking charges changes are required on RC,
refundable Security Deposit – non-
interest bearing of Rs. 5000 would
be required. It will be the
borrower's responsibility to provide
the transferred Registration
Certificate to the bank.

LPG/ CNG NOC/ Other Special Rs 500/- Instance

NOC

CIBIL Charges (only on Rs. 50/-

request)

Cheque/ SI / ECS Return Rs. 550/- per instance

Charges*

Amortisation Schedule Charges Customer can download the

schedule from E-Delight free of
cost. Rs. 200/- per schedule would
be charged at customer service
desk.

Commercial / Personal Use Rs. 2250/- per NOC

NOC (conversion subject to
credit approval)

Collateral Charges* Rs.300 per case

Rack interest rate 14.50% to 17.50% depending on

the segment and age of vehicle
Inter state NOCs
Refundable Security Deposit (non-interest bearing) of Rs. 5000 will be taken. It will be the
borrower's responsibility to provide the transferred Registration certificate to the bank. In addition
NOC charge would be Rs. 500/-
It is also advised, that the customers should refrain from any dealings in cash with the
Bank's Direct Sales associates. Borrowers should also not make any payments in
cash/bearer cheque or kind in connection with the loan, to the executive, dealing with the
borrower for purpose of the loan.