Chevrolet Sail
Rs. 561900 Ex-showroom [Ahmedabad]
- 1199cc, 1.2-litre 84.8bhp 16V SMARTECH Petrol Engine
- Approx On road price : Rs. 6,18,090, Starting Price, Base model
- Power : 86 PS @ 6000 rpm
- Mileage : 113 NM @ 5000 rpm
- HDFC Bank Bike loan Interest : 11.5%
- Rs. 84,285 Down Payment (15% of on road price)
- Rs. 4,77,615 Max Loan (85% of on road price)
- Rs. 42,324 EMI 1 Yr
- Applicant must be at least 18 years old in case of salary and 21 years in case of self-employed.
- Bank can give loan of maximum of 80% of total cost of bike.
- In some cases, 2% of total loan amount would be takes as processing charge.
- Repayment tenure is generally from 12 to 36 months.
- Bank may also give bike loan insurance.
- ITR or other income proof will be required. If you do not have any, please contact branch for more details.
Get details on eligibility criteria & documents required for HDFC Bank New Car Loans
Check which category you fit into first. Depending on the kind of work you do, our requirements to give you a loan will be different.
Are you a salaried employee?
This category includes salaried doctors, CAs, employees of select public and private limited companies, government sector employees such as public sector undertakings and central, state and local bodies.
You should:
- Minimum age for Salaried is 21 years (at time of loan application) and <=60 (at the end of the loan tenure)
- Have had a job for at least 2 years, and a minimum of 1 year with your current employer
- Earn at least an income of Rs. 1,80,000 annually, including the income of your spouse/Co-applicant.
- Have a tele-phone/ post paid mobile
Documents you will need to submit:
- Proof of Identity: Passport copy, PAN Card, Voters Id card, driving licence( Laminated, Recent, Legible)
- Income Proof: Latest salary slip with form 16.
- Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card.
- Bank Statement:Last 6 months
Are you a self employed individual (Sole Proprietorship)?
This category includes self-employed sole proprietors in the business of manufacturing, trading or services.
You should:
- Minimum age for Self Employed is 21 years (at the time of loan application) and <=65 (at the end of the loan tenure)
- Be in business for at least 2 years
- Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least Rs. 1,00,000 per annum for mid-sized and premium cars.
- Have a telephone at residence / Post Paid mobile connection
Documents you will need to submit:
- Proof of Identity: Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
- Income Proof: Latest ITR
- Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card
- Bank Statement:Last 6 months
Are you self employed (Partnership Firms)?
This category includes self-employed partners in the business of manufacturing, trading or services.
You should:
- Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least Rs. 1,50,000 lakh/anum for car loan
- Have a minimum turnover of Rs. 4,50,000 per annum
- Have a landline at your office and residence.
Documents you will need to submit:
- Proof of Identity: NA
- Income Proof: Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company
- Address Proof: Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate
- Bank Statement:Last 6 months
Are you self employed (Private Limited Companies)?
If you own a private company in the business of manufacturing, trading or services, this is for you.
You should:
- Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least Rs. 1,50,000 per annum for mid-sized and premium cars
- Have a minimum turnover of Rs. 4,50,000 per annum
- Have a landline at office
Documents you will need to submit:
- Proof of Identity: NA
- Income Proof: Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company
- Address Proof: Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate
- Bank Statement:Last 6 months
Are you self employed (Public Limited Companies)?
If you are a director in a public limited company in the business of manufacturing, trading or services, this is for you.
You should:
- Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least Rs. 1,50,000 per annum for mid-sized and premium cars
- Have a minimum turnover of Rs. 4,50,000 per annum
- Have a landline at office
Documents you will need to submit:
- Proof of Identity: NA
- Income Proof: Audited balance sheet, Profit & Loss Account for latest two years
- Address Proof: Telephone Bill/Electricity Bill/Shop & Establishment Act certificate/SSI registered certificate/Sales Tax certificate
- Bank Statement:Last 6 months
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