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
Eligibility
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
|
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
|
Documentation Charges (for Agri Mortgage Cases) | Rs.1500/-
|
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/-
|
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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