ABOUT HDFC LOANS

HDFC Bank :

One of the India’s or world’s leading bank that is HDFC bank.  HDFC Bank have so many branches in entire world.  HDFC have so many branches in India or it is in only metropolitan cities in India.

HDFC bank details :-

HDFC bank have so many schemes and so many loans are available in bank.  If you want a commercial vehicle loan arranged the above details :

Rules and Regulation / Terms and Conditions :

Minimum Loan Amount is Rs.1.00 Lakhs.

Minimum and Maximum Tenure : Minimum 12 months and maximum 48 months for new vehicles.  Minimum 12 months and maximum 36 months for used vehicles.

Funding : 80% to 90% LTV.

Eligible Borrower Segments : Sole Proprietorships, Partnership firms, Private and Public Limited Companies, Individuals and HUF’s.

Repayment Mode : EMI’s in the form of PDC’s (Post Dated Cheque), Standing instructions for HDFC Bank Account holders.

Loan Eligibility Criteria :

Age : Minimum of 18 years.

Bank Statement : Last 6 to 12 months.

Stability – Residence : Proof of residence.

Business Experience – Job / Business : Minimum 3 years.

Guarantor : External Guarantor.

Repayment Track record : to be ETR for the last 12 months.

Contact ability : Landline compulsory.

Documentation :

Age Proof : Copy of Passport / PAN card / Voters ID card / Valid driving license with birth date / ration card copy with birth date.

Entity / Identity Proof : Copy of passport / Pan Card / Voters ID card / Valid driving license with birth date / ration card copy with birth date.

Income Proof : Audited balance sheet for individuals and transporters along with profit and loss statement of last two years for sole proprietorships, partnership firms, private and public limited companies and HUF’s.

Address Proof : Copy of ration card with birth date / valid driving license with birth date / voters ID card/ passport copy / telephone bill / electricity bill / PAN card.

Fleet List : Certificate of registration copy / list of vehicles.

Bank Statements : Last 6 to 12 months and repayment track record.

Sign Verification Proof : Copy of passport / PAN card / voters ID card / valid driving license with birth date / ration card with birth date / banker’s verification.

So, please if you want a Commercial vehicles or car loans.  If you want a loan for vehicles please contact to your nearest HDFC Bank.