(Use our HDFC Car Loan EMI Calculator to quickly and accurately plan your car purchase finances and find the best loan options for your vehicle.)
Below is a detailed breakdown of how your payments are distributed:
| 🗓 Month | 💸 Principal (P) | 💰 Interest (I) | 💳 Total (P+I) | 💼 Pending |
|---|
An HDFC Car Loan EMI Calculator is a convenient online tool designed to help you estimate your monthly installments (EMIs) for a car loan. By inputting details such as the loan amount, interest rate, and tenure, the calculator provides an instant estimate of your monthly payments, simplifying your car purchase planning and budgeting.
It's simple! Just follow these 3 easy steps:
Input the total amount you wish to borrow from HDFC bank for your car loan (Amount input after deduction of down payment.)
Enter the applicable interest rate for your car loan (typically ranges from 8% to 12%, depending on your credit profile).
Select the duration over which you plan to repay the loan, generally ranging from 12 months to 72 months.
The calculator will then display your monthly EMI, detailing both the principal and interest components. This allows you to better understand your financial commitment and plan your car purchase effectively.
Our HDFC Car Loan EMI Calculator offers several key advantages:
| Category | Details | Charges |
|---|---|---|
| Documentation Charges | Per case (non-refundable) | ₹650 |
| Premature Closure (Full Payment) | Charges based on timing |
- Within 1 year: 6% - 13-24 months: 5% - Post 24 months: 3% - Micro/small enterprises (up to ₹50 lakhs): No charges from own source |
| Premature Closure (Part Payment) | Allowed twice per tenure, max 25% of principal |
- Within 24 months: 5% - Post 24 months: 3% - Micro/small enterprises (up to ₹50 lakhs): No charges from own source |
| Stamp Duty & Statutory Charges | As per state laws | Actuals |
| Delayed Instalment Payment | On overdue amount | 18% p.a. + taxes |
| Processing Fees | Loan processing charges | Up to 0.5% of loan amount (min ₹3,500, max ₹8,000) Micro/small enterprises (up to ₹5 lakhs): No fees with URC submission |
| Repayment Mode Change Charges | For changing repayment method | ₹500 |
| Loan Cancellation Charges | Interest charges up to cancellation, other charges non-refundable | NIL |
| Legal and Incidental Charges | Based on actual costs | At actuals |
| Amortisation Schedule Charges | Physical copy | ₹50 (Free download) |
| Payment Return Charges | Per instance | ₹450 |
| Registration Certificate Collection Fees | Refundable in case of cancellation | ₹500 |
| Product | Min IRR | Max IRR | Avg IRR |
|---|---|---|---|
| Auto Loan | 8.50% | 11.80% | 9.45% |
| Category | Details |
|---|---|
| Eligibility Criteria | Details |
| Employment Type | Salaried individuals, self-employed professionals, and businesses |
| Age | 21 to 60 years for salaried individuals; 21 to 65 years for self-employed |
| Job/Business Experience | Minimum 2 years of employment or business experience |
| Minimum Income | ₹3,00,000 per annum |
| Telephone/Mobile | Must have a telephone or post-paid mobile |
| Category | Documents Required |
|---|---|
| Salaried Individuals |
Identity & Address Proof: Valid Passport, Permanent Driving License, Voter ID Card, Job Card issued by NREGA, Aadhar Card (if voluntarily submitted) Income Proof: Latest salary slip, Form 16 Bank Statement: Last 6 months |
| Self-Employed Individuals (Sole Proprietorship) |
Identity & Address Proof: Valid Passport, Permanent Driving License, Voter ID Card, Job Card issued by NREGA Income Proof: Latest Income Tax Returns (ITR) Bank Statement: Last 6 months |
| Self-Employed Individuals (Partnership Firms) |
Income Proof: Audited Balance Sheet, Profit & Loss Account, Company ITR (last 2 years) Address Proof: Telephone Bill, Electricity Bill, Shop & Establishment Act Certificate, SSI Registered Certificate, Sales Tax Certificate Bank Statement: Last 6 months |
| Self-Employed Individuals (Private Limited Companies) |
Income Proof: Audited Balance Sheet, Profit & Loss Account, Company ITR (last 2 years) Address Proof: Telephone Bill, Electricity Bill, Shop & Establishment Act Certificate, SSI Registered Certificate, Sales Tax Certificate Bank Statement: Last 6 months |
| Self-Employed Individuals (Public Limited Companies) |
Income Proof: Audited Balance Sheet, Profit & Loss Account (last 2 years) Address Proof: Telephone Bill, Electricity Bill, Shop & Establishment Act Certificate, SSI Registered Certificate, Sales Tax Certificate Bank Statement: Last 6 months |
For General Queries: 1800 1600 / 1800 2600
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Customers traveling abroad: +9122 61606160
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Get in touch with us for your Banking needs on our helpline number. Now you can get access to your Bank Accounts, Credit Cards, Loans, Demat Account services over the call.
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Note: Charges may be applicable as per your tariff plan with your service provider