How Can You Benefit From the HDFC Car Loan

As we move forward in time, disposable income of the people is rising. Also, automakers are trying to tap into the consumer sentiment and attracting customers with new and improved models. The news reports the launch of a new car or model, almost every month. Given that almost 80% of the vehicles are purchased with the help of car loans, the demand for car loans has also gone up exponentially. In India, there are several banks and lending institutions which provide car loan to prospective buyers. Among the leading banks to offer car loans is HDFC Bank.

As the second largest private bank in India, HDFC has been one of the market leaders in the retail loan segment, offering a variety of loan products at very attractive terms. There are certain valuable advantages which accompany HDFC Car Loans, as listed below.

Benefits of HDFC Car Loan

• Faster Loan Disbursal Process – HDFC features a very streamlined loan disbursal process which is not only quick but also customer friendly. You can check your loan eligibility in under an minute and if you are eligible, the loan will be approved in under a short duration of 30 minutes.
• Attractive Rates – HDFC offers car loans which are extremely affordable with low rates of interest. The rate of interest is fixed and helps to keep the car loan EMI stable for the duration of repayment.
• Transparent Process – With HDFC, you can stay assured that your car loan will not carry any hidden charges or fees which you might have to pay. All charges to be levied will be stated up front to you at the time of taking the loan, so no nasty surprises come your way later on.
• High Loan Amount – One of the biggest advantages of an HDFC car loan is that you can expect to get up to 100% finance on your car loan for purchasing the vehicle of your choice.
• Flexible Tenure – A flexible tenure on a car loan can go a long way in stabilizing your budget. Car loan EMIs are a monthly expense and a longer tenure can help bring down the cost of the EMI. You can take an HDFC car loan for a flexible tenure of up  to 7 years.
• Low Down payment – For its car loans, HDFC requires borrowers to make a low down payment towards the loan. Along with that, the bank offers customers with other added benefits on the car loan.
• Hassle Free Loan Processing – If you are looking for an easy car loan, HDFC is the right choice. These car loans are accompanied by a hassle free process which is extremely customer oriented.