HDFC Bank Car Loan Interest Rates
HDFC Bank offer car loans at attractive interest rates starting from 8.15 p.a., varying with your tenure, credit profile and vehicle type. New car loans run for up to 84 months, while used car loans run for up to 60 months.
Loan Type | Interest Rate (Per Annum) | Loan Tenure |
New Car Loan | 8.15% p.a. onwards | 12 to 84 months |
Used (Pre-Owned) Car Loan | 11.25% p.a. onwards (Rack Interest) | 12 to 60 months |
Note: The interest rates are effective from 18 August 2026.
Factors Affecting HDFC Car Loan Interest Rates
HDFC Bank offers 100% financing on a few select vehicles. The interest rates offered by HDFC Bank are affordable and pocket friendly.
Some of the factors determining the rate of interest you are eligible for have been mentioned below and also get to know Top 10 Banks for Car Loan in India:
- Credit Score & History: Higher scores get better rates.
- Income & Employment Type: Salaried vs. self-employed.
- Vehicle Type & Age: New or used car, fuel type, brand.
- Repayment Tenure: Shorter terms may have lower rates.
- Loan Amount: Higher amounts may attract preferential rates.
- Customer Profile: Existing HDFC Bank customers may get lower rates.
Comparison of Car Loan Interest Rates of Major Banks
Canara Bank Car Loan Interest Rates
Axis Bank Car Loan Interest Rates
Summary
HDFC Bank offers car loans for both new and used vehicles, with rates that vary by your credit profile, vehicle type and loan tenure. New car loans run for up to seven years and used car loans for up to five years, with up to 100% financing available on select vehicles. Compare the HDFC Bank car loan interest rate and tenure options in the table above before you apply.
FAQs on HDFC Bank Car Loan Interest Rates
1.What is the HDFC Bank car loan interest rate?
The HDFC Bank car loan interest rate varies depending on whether you are financing a new or a used car, along with your credit profile and loan tenure. You can check the current new car and used car HDFC Bank car loan interest rate in the table above.
2.What factors affect the HDFC Bank car loan interest rate?
The HDFC Bank car loan interest rate you are offered depends on factors such as your credit score, income, employment type, vehicle type and repayment tenure. Existing HDFC Bank customers and applicants seeking a shorter tenure or a smaller loan amount may be offered a more competitive HDFC Bank car loan interest rate.
3.What is the tenure of an HDFC Bank car loan?
HDFC Bank offers flexible repayment tenures for both new and used car loans, with new car loans running for a longer period than used car loans. You can check the exact HDFC Bank car loan tenure range for each loan type in the table above.
4.Does HDFC Bank offer 100% financing on a car loan?
Yes, HDFC Bank offers up to 100% financing on select vehicles under its car loan scheme. The exact funding percentage you receive on an HDFC Bank car loan depends on the vehicle and your eligibility.
5.Who is eligible for an HDFC Bank car loan?
Both salaried and self-employed individuals who meet HDFC Bank's minimum age and income criteria can apply for an HDFC Bank car loan. Your eligibility also depends on factors such as credit history and employment stability.
6.What documents are required for salaried applicants applying for an HDFC Bank car loan?
Salaried applicants can submit an identity proof such as their Aadhaar card, PAN card, passport, voter's ID or driving licence when applying for an HDFC Bank car loan. Additional income and address proof documents are also required.
7.What documents are accepted as address proof for an HDFC Bank car loan?
HDFC Bank accepts documents such as a passport copy, electricity bill, telephone bill, employer certificate, or a credit card statement with a copy as address proof for a car loan application. Check with HDFC Bank for its complete list of accepted address proof documents.
8.Does the HDFC Bank car loan interest rate differ for new and used cars?
Yes, HDFC Bank charges a lower HDFC Bank car loan interest rate for new cars than for used cars, reflecting the difference in vehicle risk and resale value. You can compare both rates in the table above.
Car Loan Articles
- Car Prices in India
- How To Transfer a Car Loan to Another Person
- How GST Affected Car Prices in India
- Car Lease Vs Car Loan
- Car Loan Foreclosure Procedure
- Vehicle Registration
- Car Loan Document Checklist
- Bad Credit Car Loan
- Car Loan Refinancing
- Zero Downpayment Car Loan
- Commercial Car Loan
- Car Loan for Nris
- Car Loan Schemes for Women
- Car Loan Preclosure
- Transfer Car Registration
- Top 10 Banks for Car Loan
- Car Loan Schemes for Government Employees
- Fuel Efficient Sedan Cars
- Automatic Cars for Women
- Chepest Cars in India
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2026 BankBazaar.com.