- No foreclosure allowed within 6 months from date of availing the car loan
- 6% of Principal Outstanding for preclosures within 1 year from 7th EMI
- 5% of Principal Outstanding for preclosures within 13-24 months from 1st EMI
- 3% of Principal Outstanding for preclosures post 24 months from 1st EMI
Part-Payment charges
- Part-payment is allowed subject to completion of 12 months (i.e., Post payment of 12 EMIs)
- Part payment will be allowed twice only during loan tenure. Part payment is allowed only once a year. At any point of time, part payment will not increase beyond 25% of Principal Outstanding.
- 5% on the part payment amount in case part prepayment is within 13-24 months from 1st EMI
- 3% on the part payment amount in case part prepayment is post 24 months from 1st EMI
Stamp Duty - At actuals
Late Payment Penalty - 2% per month
Processing fees (Non - refundable)
- Up to 2.5 Lakhs: Rs. 3175/-
- Over Rs. 2.51 Lakhs up to 4 Lakhs: Rs. 4325/-
- Over Rs. 4.01 Lakhs to 5 Lakhs: Rs. 4830/-
- Over Rs. 5.01 Lakhs up to 10 Lakhs: Rs. 5225/-
- 10 Lakhs plus: Rs. 5785/
Cheque/ SI/ ECS swapping charges - Rs 500/- Instance
Loan cancellation - In the event of cancellation, interest charges from disbursement date till refund of disbursement amount will be borne by the customer. Processing Fee and Stamp duty are non-refundable charges and would not be waived/refunded in case of loan cancellation.
Legal, Repossession & Incidental charges - At actuals
Duplicate no due certificate / NOC - Rs 500/- Instance
Loan Reschedulement charges/ rebooking charges - Rs. 1000/- will be charged. If changes are required on RC, refundable Security Deposit – non-interest bearing of Rs. 5000 would be required. It will be the borrower's responsibility to provide the transferred Registration Certificate to the bank.
LPG/ CNG NOC/ Other Special NOC - Rs 500/- Instance
CIBIL Charges (only on request) - Rs. 50/-
Cheque/ SI/ ECS Return Charges - Rs. 618/- per instance
Amortisation Schedule Charges - Rs 200/- per schedule
Commercial / Personal Use NOC (conversion subject to credit approval) - Rs. 2250/- per NOC
Collateral Charges - Rs.337 per case
Rack interest rate - 11.50% to 13.75% depending on the segment of vehicle
For More Information visit - http://www.hdfcbank.com/personal/products/loans/car-loans/new-car-loans
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