HDFC bank car loan interest rate 2013

We human are lived with our own desire and want. After we get a good job with a handsome amount of salary we start dreaming for a better future with better amenities a bit different from the basic amenities of our daily life, and in that dream we generally have a big house or apartment in the heart of the city with a big yard in front of it, and having a big car. Now let’s talk about car, we always dream for a sedan or big car with all the high end facility, but for with the big car the next thing that comes up is that affordability, whether you can afford the car or not. But now you need not worry for that there are so many private as well as government banks are there who can provide you with car loans. Banks usually provide loans with different rates of interest and EMI schemes. But among the banks you can go for HDFC bank as HDFC Bank is now providing car loans at comparatively lower rates of interest among other private banks with greater facilities regarding the EMI schemes. For new cars HDFC bank is now providing loans on the interest rates of 10.50%- 11.75% which is per till date is the lowest among all the other banks.  For the used car loans HDFC bank providing you 15.25% - 17.75 %( for 60 months), 15.25% - 17.75%
(48 months),15.25% - 17.75%(36 months),15.75% - 18.25%(24 months),15.75% - 18.25%(Up to 12 months). The first down payment fee for the loan starts from Rs 2325/- to Rs. 4275/-which is again lower than the other banks proving car loans and these are applied for both the new and also old cars.  It give you the flexibility of payment up to 12 to 84 months. Our conventional idea regarding taking loans is that while taking loans it takes a long process at least it’s a matter of minimum for a month but here HDFC can assure for the processing of the loans within 48 hrs. which hardly can any bank offer you with this assurance. The best thing regarding this bank is that if you are an account holder in this bank then you can get some facilities regarding the repay of the loans and many other facilities. Other banks usually make fuss while the matter comes to the documentation and the customers get frustrated and get irritated but in this bank you can get a very smooth process of documentation.
If your down payment is up to 2 lacs then the processing or downpayment fee will be Rs. 2000, 2.5 -4 lacs then it is Rs.3000, above 4 lacs then it will be Rs.3500.  If you want to repay the entire loan amount that you also you can do, you can repay the entire loan amount after 6 months of availing the loan. You can apply for the loan from the age of 21 up to 60 if you are a salaried person And for an self- employed applicant it will be from 25- 65. At time of application you need not have a guarantor