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Why choose an HDFC Bank Commercial Vehicle Loan?

 

At HDFC Bank, we cater to your diverse needs with a wide range of loan options. Our commitment to customer trust has made us a leading player in the loan product market. Experience a triple advantage with HDFC Bank Commercial Vehicle Loans:

 

Key Features

  • Loan Amount: Looking to optimize your funding for that commercial vehicle purchase? With this loan, you can secure up to 90% financing for your preferred commercial vehicle.
  • Repayment Options: Tailor your loan repayment to your needs, with flexible terms spanning from 12 to 84 months. Choose from convenient repayment methods, including post-dated cheques (PDC) or cash collection.
  • Efficient Processing: Count on our reputation for swift processing and a hassle-free documentation experience.

Eligibility

  • Minimum age of applicant should be 21 years.
  • Maximum age of applicant should be 75 years as on date of funding.

Required Documents

 

Documents Valid Documents
Proof of Identity Copy of Passport 
Copy of PAN Card 
Copy of Voter's ID 
Copy of Driver’s License 
Copy of front page of bank pass book giving name, 
address, photograph of the customer attested by bank 
Address Proof Copy of Land extracts 
Copy of Ration Card 
Copy of Passport 
Signature Proof Copy of Driver’s License 
Copy of Passport 
Copy of PAN Card 
Age Proof Copy of Driver’s License 
Copy of Passport 
Copy of PAN Card 
Proof of Land Ownership Land Ownership documents

 

Schedule of Charges

 

Enclosed below are HDFC Bank Commercial Loans Interest Rates & Charges

Here is an exhaustive list of all the fees and charges to be paid for the Commercial loan:

Description of charges Commercial Loans
Processing Fee 2% of Loan Amount


Service Tax and other Government levies, as applicable, would be charged additionally at the applicable rates.
Pre-payment Charges

Service Tax and other Government levies, as applicable, would be charged additionally at the applicable rates.
Duplicate No Due Certificate / NOC* Rs. 500/- per instance
Duplicate Amortisation Schedule Charges* Customer can download the schedule from NetBanking free of cost. Rs. 200/- per schedule would be charged at Customer Service desk.
Cheque/ ECS Swapping Charge* Rs. 500/- per instance
Cheque/SI/ ECS/Installment Return Charges Rs. 550/- per instance


Service Tax and other Government levies, as applicable, would be charged additionally at the applicable rates.
Documentation Charges (for Agri Mortgage Cases) Rs.1500/-


Service Tax and other Government levies, as applicable, would be charged additionally at the applicable rates.
Part Payment Charges

Service Tax and other Government levies, as applicable, would be charged additionally at the applicable rates.
Loan Rebooking  Charges* Rs.1000/-
Collateral Charges Rs.300/-


Service Tax and other Government levies, as applicable, would be charged additionally at the applicable rates.
Stamp Duty At actuals
Late Payment Penalty 2% per month on unpaid installments
Legal, Repossession At actuals
CIBIL Charges (only on request) Rs. 50/- inclusive of Service Tax
Loan Cancellation Charges In the event of cancellation, interest on cancellation to be paid by  customer, Rs. 1000/- along with processing fees and stamp duty

 

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