HDFC Bank Vehicle Loan

Updated: 29-02-2024 09:44:33 AM

HDFC Bank has a gamut of different loan types. The account holders have an option to choose their desired loan forms from an array of loans offered. One such loan account offered by HDFC Bank is vehicle loan or two-wheeler loan. In India, every individual dreams of having their personal mode of transport to commute easily from one place to another. Through HDFC Bank’s vehicle loan, this dream is very much possible to achieve. The various features of this loan account are as follows:

• Rate of interest charged is as low as 2% which is very competitive as far as other loan accounts in the market are concerned.
• The account holders get a concession of 50% on the loan processing fees. So, they can save up to Rs. 2,375.
• It takes only 4 hours for the bank to approve the vehicle loan.
• Loan repayment options range between months 12 and 48 months at the time of purchase and are very flexible in nature.
• Vehicle loan is made available to customers in more than 3000 bank branches spread across India.
• Loan eligibility and status can be checked by the customers online also.
• The customers have an option to repay their respective loan EMIs through ECS, standing instructions and also post-dated cheques.
• The loan is disbursed very easily and is user friendly.
• This loan requires less documentation process and thus is less complicated.