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How much is the loan processing fee for HDFC?
Fee | Amount to be paid |
---|---|
Rack Interest Rate | Salaried – 10.50\% to 21.00\% |
Loan Processing Charges | Up to 2.50\% of the loan amount subject to a maximum of ₹ 25,000/- for salaried customers |
Stamp Duty & Other Statutory Charges | As per applicable laws of the state |
Do banks charge a fee for car loans?
For auto loans, origination fees are calculated as a percentage of the total loan, usually between 1 and 2 percent of the loan amount. If a lender takes a 2-percent fee for originating a loan, for example, the lenders will make $600 on a $30,000 loan. For leases, the leasing origination fee is a flat fee.
What is the process of car loan in HDFC Bank?
How to choose the perfect Car Loan?
- Step 1: Shortlist a car. Do you already have a car in mind?
- Step 2: Check eligibility. The easiest way to check your eligibility is to use the online Car Loan eligibility calculator.
- Step 3: Figure out loan amount, tenure and EMI.
- Step 4: Apply and provide documents.
- Step 5: Book your car.
What is processing fee for car loan?
Car loan processing fee is a one-time fee to be paid by car loan borrowers to get the loan application processed. Currently, Bank of India offers car loans at the lowest processing fee of ₹ 500, whereas SBI charges the lowest processing fee, i.e., 0.20\% of the car loan amount.
Is HDFC car loan fixed or floating?
Car Loan EMI of HDFC Bank is a fixed amount that you pay each month towards the repayment of your car loan till the end of tenure. Lowest EMI offered by HDFC Bank is ₹ 1,860 per lakh loan amount at lowest car loan interest rate of 8.65\%.
What fees are added to the cost of a car loan?
You’ll also pay a registration fee, sales tax and a documentation fee. Sales tax and registration fees cannot be avoided, and they’re regulated by the state. The documents fee, or “docs fee,” might be up to the dealer’s discretion and can run upwards of $500 in some cases.
How do I avoid finance charges on a car loan?
If you are wondering how to reduce charges on a car loan, there are some proactive steps you can take to do so….
- Know your credit score.
- Make your monthly loan payments early.
- Make your payments on time.
- Make payments EVERY month.
- Make extra payments.
What car loan do I qualify for?
Here are the documents you need to get a car loan:
- Proof of Income. Most lenders require proof that a borrower is actively earning income to ensure he can make his car payment.
- Proof of Residence.
- Proof of Insurance.
- Identification.
- Credit and Financial History.
- Vehicle Information.
- Trade-in Documentation.
What is hdhdfc pre-owned car loan?
HDFC Bank is the largest player in the Pre-owned Car Loan. We provide up to 100\% finance for used cars, with hassle-free processing, minimal documentation and instant disbursal. All You Need To Know
How can I buy a used car from HDFC Bank?
You can search for your dream car by brand, location, EMI, etc. We also finance a used car you may want to buy from friends, family or other car-owners. When you take a used car loan from HDFC Bank, you are guaranteed peace of mind, because we do all the due diligence and ensure a smooth title transfer.
How can I check the status of my HDFC Bank new car loan?
Click to view the status of your New Car Loan application. If you’re looking to get into the fast lane as soon as possible, HDFC Bank has come up with a car loan facility tailor-made for you. ZipDrive is an instant New Car Loan process, exclusively for HDFC Bank customers.
Why should you choose HDFC Bank custom-fit car loans?
Now, the years of waiting and saving are over. A Car Loan will bring that dream of owning a vehicle within your reach. You don’t need to look any further than HDFC Bank Custom-fit Car Loans, which come with a host of features like Step-Up EMI, Balloon Schemes, Top-Up Loans and much more.