HDFC Car Loan offers customer friendly car finance options. It has offers for entire range of cars – private, commercial, sedan, hatchbacks, SUVs and MUVs. HDFC auto loan provides faster approach to car loan approvals. With presence across all over India – HDFC Car Loan is a hot selling product not only in the bigger cities like Delhi, Mumbai, Chennai or Gurgaon but also in tier II cities like – Jaipur, Patna, Kanpur, Surat, Chandigarh, Faridabad, Ghaziabad, Noida and Lucknow.

Approach HDFC for easy car loan.

HDFC Auto Loan is –
·         Fast
·         Competitive or cheap interest rate on car loan
·         Hassle free and transparent

HDFC auto loan is so easy that you can apply through various channels – DSA (direct selling agents), customer care or bank branch. If you call HDFC car loan then all you need to do is to sit at home and a car loan agent would approach you to get the application form filled. Auto loan from HDFC is fast and the car loan can be disbursed in as less as 48 hours only!

HDFC bank car loan charges low interest rate. It is highly competitive and lot cheaper as compared to most other banks and vehicle finance companies. It has come up with very attractive interest rates for car loan applicants – salaried and self employed – both.

Auto Loan from HDFC bank has good customer service and car loan agents that cater to the needs and demands of the customers. You need not take hassles in applying a car loan from HDFC bank. Leave all your troubles on to our agents of car finance and be just ready to drive away your dream car.

Some special features of HDFC car loan –

·         Up to 100% finance of your car
·         Flexible tenure of repayment – 12 months to 84 months
·         Special privileges to HDFC Bank customers.
·         Maximum loan up to Rs 1.5 Cr
·         Car loan available to both – salaried and self employed
·         Very less processing fee
·         Options to make prepayment of entire car loan
·         Most passenger cars and multi utility cars by the leading manufacturers are financed by HDFC auto loan
·         Used car loan finance is also available with HDFC bank. A pre owned car loan can be availed with equal ease from HDFC

HDFC Bank Auto Loan is one of the hottest selling auto loan product in Delhi-NCR. HDFC car loan is quick and easy to get. HDFC is marketing aggressively in the car finance market and has turned into a major player recently.

HDFC offers cheapest car loan rates to cars of all categories including luxury car loan. With HDFC auto loan you get customized car loan schemes in Delhi and NCR. Some exclusive features of customized car loan from HDFC Bank are as –

1.       Minimum documentation for car loan application

2.       Car loan eligibility can be checked in 2 minutes

3.       Car loan applications can be filled at the comfort of home

4.       Up to 100 % funding of car loan

5.       Loan repayment period of up to 7 years

6.       Lowest Down Payment and lowest EMI

7.       Cheapest car loan rates in Delhi - NCR

8.       Quick car loan processing. Car loan approval in as quick as 48 hours

9.       More beneficial plans for corporate staff, professionals – Doctors, MNC salaried, etc

Other benefits of HDFC Car Loan in Delhi NCR –

1.       HDFC has widest range of authorized car dealers

2.       You can get cash loan against your existing car loan

3.       No income document required if you are existing HDFC car loan customer

If you want to apply for HDFC Car loan then call – 88000 90480

Retail loans assets , vehicle loans in particular, are showing some signs of stress according to ratings firm CrisilBSE -0.68 % as it has observed signs of weakness emerging in the performance of retail assets for the first time in three years.

Delinquencies in commercial vehicle or CV loans are increasing. Monthly collection ratio or MCR of the asset pools that Crisil has rated dropped below 95 per cent for the first time since 2009. This decline in collection efficiency indicates that borrowers are increasingly delaying repayments; there is, therefore, a likelihood of increase in non-performing assets over the next few quarters.

For more read this link from Economic TImes ---
http://economictimes.indiatimes.com/personal-finance/loan-centre/auto-loans/auto-loans-news/repayment-records-in-comm-vehicle-loans-hit-3yr-low-crisil/articleshow/19445344.cms

Taking a cue from RBI's rate cut yesterday, private sector's major player - HDFC Bank has cut auto loan rates by upto 0.5 percent.

The auto loan interest rate will now be lowered by 0.25 per cent , a senior bank official confirmed when contacted.

  Whereas, the commercial vehicle segment sees a reduction of 0.25 per cent.

The new rates would be effective from February 1, 2013, the official added.

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