Car Loan

From Dream to Drive – EMI Calculator & Instant Loan Application Online!

Calculate Your Loan EMI

Loan Amount:

₹5,00,000 ₹2 CR

Interest Rate (%):

7% 13%

Tenure (Years and Months): Years Months

1 Year 7 Years

EMI: ₹0

Car Loan Key Features

100% Digital

Apply at anytime, from anywhere

Instant

30 minutes end to end digital process

No Documentation

No physical documents or verification required

All you need to know about Car Loan

Get a Car Loan at Attractive Rates in Just 30 Minutes with Loan Shopie!

The thrill of bringing your brand-new car home is unmatched! Loan Shopie makes it easier than ever to finance your dream car with a quick, seamless, and hassle-free car loan process. Enjoy 100% financing on select vehicles, pocket-friendly EMIs, and flexible repayment options—all with a 100% digital process.

100% Digital Car Loan

With Loan Shopie, applying for a car loan is completely digital. You can apply anytime, anywhere, and get approval within 30 minutes through our end-to-end online process. There’s no physical verification or paperwork required—just a seamless, paperless experience.

Quick Disbursal in Just 30 Minutes

No matter where you are in India, you can apply for a car loan with Loan Shopie and get instant approval. Once approved, the loan is quickly disbursed directly to your car dealer, ensuring a smooth buying experience.

High Loan Amount

With Loan Shopie, you can get a car loan of up to ₹25 lakh on a wide range of cars and multi-utility vehicles. Our 100% digital process ensures quick approvals and disbursals, helping you drive home your dream car effortlessly. Plus, enjoy up to 100% on-road financing for new car purchases.

Already have a car loan? Existing customers can apply for a Top-Up Loan to access additional financing without extra documentation.

Flexible Repayments

We offer flexible repayment tenures tailored to your needs, with options ranging from 12 to 84 months at competitive interest rates. Loan Shopie ensures a quick and easy loan application, approval, and processing experience.

Wide Dealer Network

HDFC Bank collaborates with 3,000+ car dealers across India, ensuring a hassle-free loan process. As a DSA (Direct Selling Agent) of HDFC Bank, Loan Shopie is associated with this collaboration, helping customers access quick and seamless financing solutions.

Exclusive Benefits for Existing Customers

Are you an existing Loan Shopie customer? Enjoy preferred pricing and exclusive schemes, allowing you to avail of a car loan instantly with minimal documentation.

Comprehensive Insurance Coverage

As part of our association with HDFC Bank, Loan Shopie offers access to a comprehensive insurance package for your car loan. This coverage includes:

Accidental death benefits Permanent total disability coverage Accidental hospitalization coverage

With Loan Shopie, getting your dream car is easier, faster, and more convenient than ever! Apply today and hit the road with confidence.

The following people are eligible to apply for a New Car Loan:

Salaried Individuals:

This includes employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure
Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
Those who earn a minimum of Rs. 3,00,000 per year, including the income of the spouse/co-applicant
Individuals who have a telephone/post-paid mobile

Self Employed Individuals and Professionals (Sole Proprietorship):

This includes self-employed sole proprietors in the business of manufacturing, trading or services
Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
Those who have been in business for a minimum of 2 years
Should earn at least Rs. Rs. 3,00,000 per annum

Self Employed Individuals and Professionals (Partnership Firms):

This includes self-employed partners in the business of manufacturing, trading or services
Those who have a minimum turnover of Rs. Rs. 3,00,000 per annum

Self Employed Individuals and Professionals (Private Limited Companies):

This includes individuals who own a private company in the business of manufacturing, trading or services
Should earn at least Rs. Rs. 3,00,000 per annum

Self Employed Individuals (Public Limited Companies):

This includes directors in public limited companies that are in the business of manufacturing, trading or services
Should earn at least Rs. Rs. 3,00,000 per annum

Loan Shopie Offers HDFC Bank Car Loan Interest Rates and Charges

Loan Shopie, a Direct Selling Agent (DSA) of HDFC Bank, offers affordable car loan interest rates to help you finance your dream vehicle with ease. Below are the latest interest rates and charges for new car loans:

Description of charges	New Car Loans
Documentation charges*	₹650 per case (charges NOT to be refunded in case of case cancellation.)
Premature closure charges (for full payment)*	For pre-closures within one year, the charges will be 6% of the outstanding principal. For pre-closures within 13-24 months from the first EMI, the charges will be 5% of the outstanding principal. For pre-closures post 24 months from the first EMI, the charges will be 3% of the outstanding principal. If you own a micro or small enterprise and have availed a fixed rate loan facility up to ₹50 lakhs, you will not be charged any premature closure fees if you make a full payment from your own source.
Premature closure charges (for part payment)*	During the loan tenure, part payment will be allowed twice only. In a year, only one part payment is allowed. You can make a part payment at any time, but it cannot exceed 25% of the outstanding principal amount.If the part prepayment is within 24 months from the first EMI, a charge of 5% will be levied on the part payment amount. If the part prepayment is post 24 months from the first EMI, a charge of 3% will be levied on the part payment amount. If you own a micro or small enterprise and have availed a fixed rate loan facility up to ₹50 lakhs, you will not be charged any premature closure charges if you make a part payment from your own source.
Stamp duty & Other Statutory Charges(non-refundable)	As per actuals which are applicable in laws of the state. (Including RTO charges).
Delayed instalment payment charge	18% p.a. (1.5% per month), plus applicable government taxes on overdue instalment amount.
Processing fees* (non-refundable)	Upto 1% of Loan Amount subject to minimum of Rs. 3500/- and maximum of Rs. 9000/- For loan facilities up to ₹5 lakhs availed by micro and small enterprises subject to URC submission before disbursal, no processing fees will be charged.
Repayment Mode changes charges	₹500 per instance
Loan cancellation Charges	NIL cancellation charges. (However, interest charges from date of disbursement till the date of cancellation of loan will be borne by the customer. Processing fee Stamp duty and documentation Charges are non-refundable charges and would not be waived / refunded in case of loan cancellation.)
Legal, repossession and incidental charges	At actuals
Duplicate no due certificate / NOC	₹250 per instance
Loan re-schedulement charges / rebooking charges	₹400 (To make changes on RC, you will need to pay a refundable security deposit of ₹5,000. This deposit is non-interest bearing and will be repaid once you provide the transferred Registration Certificate to the bank.)
LPG / CNG NOC / other special NOC	₹200 per NOC
CIBIL charges (only on request)	₹50
Payment return charges*	₹450 per instance
Commercial / personal use NOC (conversion subject to credit approval)	₹200 per NOC
Registration Certificate (RC) Collection Fees	₹600 per case (To be refunded in case of case cancellation.)
Rack interest rate	9.40% onwards depending on loan amount, tenure & CIBIL score
RTO transfer charges	At actuals

The bank will charge a Refundable Security Deposit (non-interest bearing) of ₹5,000 from you. You must provide the transferred Registration Certificate to the bank along with a NOC charge of ₹500.

Points to remember

You are advised not to engage in any cash transactions with the bank’s direct sales associates. You should also avoid making any payments in cash, bearer cheque, or any kind in connection with your loan to the executive handling the loan application.

Apply for an HDFC Bank Car Loan today!

Note: *Premature closure charges (Full/ Part Payment), processing fees, documentation charges, payment return charges and registration certificate collection fees are exclusive of government taxes. Government taxes and other levies (as applicable) would be charged additionally. All promotional offers will be null and void in case of third-party payments towards foreclosure and shall attract charges as per the standard grid.

**Registratoin Certificate Collection fees is refundable in case of loan cancellation

Rates offered to customer during the period of July’24 to September’24

Bank IRR
Product	Min IRR	Max IRR	Avg IRR
AUTO LOAN	8.50%	14.00%	9.32%

Annual Percentage Rate offered to customer during the period of July’24 to September’24

APR
Product	Min APR	Max APR	Avg APR
AUTO LOAN	8.50%	14.00%	9.32%