HDFC Car Loan Interest Rates

Interest Rate 8.40% to 11.10%
Processing Fees Up to Rs. 4,720
Pre Closure Charges Preclosure permitted after 6 months. 6% of principal outstanding (plus GST) from 7 to 12 months. 5% (plus GST) in 2nd year. No preclosure charges thereafter.
Loan Tenure 1 year to 7 years
Documentation Fees Rs. 600 each time
Penalty for Late Payment 2% each month
Financing Quantum up to 100% depending on customer profile
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