Car Loan

We are proud to have had the patronage of over 5 million people who have availed of car loan from us.

Whether you want to buy a compact hatchback or a luxury sedan, you can get upto 100% finance for a new car from HDFC Bank and make your dream come true.

You can get an in-principle approval for your loan in just 10 minutes

We offer easy car loans to both salaried and the self-employed. What’s more, we not only help you raise funds but also assist you in researching and finding your dream car.

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ZipDrive – Instant New Car Loan
  • ZipDrive is an instant New Car Loan, exclusively for HDFC Bank customers. Get a loan online for the car model of your choice anywhere, anytime.
  • Get instant disbursement anytime of the day or night. Enjoy 24x7 disbursal.
  • Enjoy 100% finance, flexible tenures and negligible paper work.

    Loan Amount
  • Get loans up to Rs.3 crore on a wide range of cars and multi-utility vehicles
  • Enjoy 100% finance** on-road finance on your New Car Loan
  • Top Up Loans
  • Existing car loan customers can get a top-up loan with no documentation
  • Flexible Repayment Tenure
  • Flexible repayment tenures from 12 months to 84 months
  • Quick and easy Processing and Approval
  • Check your New Car Loan eligibility online or at select branches in just 60 seconds
  • Enjoy transparent, quick and easy documentation process
  • Get a New Car loan approval in just 10 minutes (Loan processing and disbursement will take at least 7 working days post submission of all required documents and information required by the bank)
  • Preferred Pricing for HDFC Bank customers
  • Existing HDFC Bank customers can get a loan in 10 seconds with minimal documentation
  • Buying assistance
  • Compare, research and read reviews on new cars on HDFC Bank’s New Car Bazaar/ Autopedia Mobile App
  • Search for cars by Brand, Price and EMI
  • Test drive assistance available on a wide range of cars for enabling to choose the right car for your needs.
  • Download the Autopedia mobile app for research, latest news and apply for car loan.
  • **Offers on specific models. Terms & conditions apply.

The following people are eligible to apply for a New Car Loan:

    Salaried Individuals:
  • This includes employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
  • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
  • Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
  • Those who earn a minimum of Rs. 3,00,000 per year, including the income of the spouse/co-applicant
  • Individuals who have a telephone/post-paid mobile
  • Self Employed Individuals and Professionals (Sole Proprietorship):
  • This includes self-employed sole proprietors in the business of manufacturing, trading or services
  • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
  • Those who have been in business for a minimum of 2 years
  • Should earn at least Rs. Rs. 3,00,000 per annum
  • Self Employed Individuals and Professionals (Partnership Firms):
  • This includes self-employed partners in the business of manufacturing, trading or services
  • Those who have a minimum turnover of Rs. Rs. 3,00,000 per annum
  • Self Employed Individuals and Professionals (Private Limited Companies)
  • This includes individuals who own a private company in the business of manufacturing, trading or services
  • Should earn at least Rs. Rs. 3,00,000 per annum
  • Self Employed Individuals (Public Limited Companies):
  • This includes directors in public limited companies that are in the business of manufacturing, trading or services
  • Should earn at least Rs. Rs. 3,00,000 per annum

    Salaried Individuals:
  • Any of the following identity proof documents:
  • Aadhar Card
  • Passport
  • PAN Card
  • Voters ID Card
  • Driving License (recent, legible, laminated)
  • Latest salary slip and Form 16 as income proof
  • Any of the following documents as address proof:
  • Aadhar Card
  • Ration Card
  • Driving License (recent, legible, laminated)
  • Voters ID Card
  • Passport Copy
  • Telephone Bill
  • Electricity Bill
  • Life Insurance Policy
  • Bank statement of the previous 6 months
  • Self Employed Individuals (Sole Proprietorship):
  • Any of the following identity proof documents:
  • Aadhar Card
  • Passport
  • PAN Card
  • Voters ID Card
  • Driving License (recent, legible, laminated)
  • Latest Income Tax Returns (ITR) as income proof
  • Any of the following documents as address proof:
  • Aadhar Card
  • Ration Card
  • Driving License (recent, legible, laminated)
  • Voters ID Card
  • Passport Copy
  • Telephone Bill
  • Electricity Bill
  • Life Insurance Policy
  • Bank statement of the previous 6 months
  • Self Employed Individuals (Partnership Firms): All the following documents as income proof:
  • Audited Balance Sheet
  • Profit & Loss Account of the previous 2 years
  • Company ITR for the previous 2 years
  • Any of the following documents as address proof:
  • Telephone Bill
  • Electricity Bill
  • Shop & Establishment Act Certificate
  • SSI Registered Certificate
  • Sales Tax Certificate
  • Bank statement of the previous 6 months
  • Self Employed Individuals (Private Limited Companies) All the following documents as income proof:
  • Audited Balance Sheet
  • Profit & Loss Account of the previous 2 years
  • Company ITR for the previous 2 years
  • Any of the following documents as address proof:
  • Telephone Bill
  • Electricity Bill
  • Shop & Establishment Act Certificate
  • SSI Registered Certificate
  • Sales Tax Certificate
  • Bank statement of the previous 6 months
  • Self Employed Individuals (Public Limited Companies): All the following documents as income proof:
  • Audited Balance Sheet
  • Profit & Loss Account of the previous 2 years
  • Any of the following documents as address proof:
  • Telephone Bill
  • Electricity Bill
  • Shop & Establishment Act Certificate
  • SSI Registered Certificate
  • Sales Tax Certificate
  • Bank statement of the previous 6 months

Simple Loan Process

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Choose Loan Amount

Choose your loan amount and terms to use loan

Provide Document

Need to provide some basic document to verification

Approved Loan

Our loan specialist ask fews question and verify docuements.

Get your Money

Once loan aprroved you get loan amount credit.