Loan Against Car Fees & Charges

The HDFC Loan Against Car Rates & Fees are as follows:

Description of Charges	Amount to be Paid
Premature Closure Charges (For Full Payment)*	6% of Principal Outstanding for pre-closures within 1 year 5% of Principal Outstanding for pre-closures within 13 – 24 months from 1st EMI 3% of Principal Outstanding for pre-closures post 24 months from 1st EMI
Premature Closure Charges (For Part Payment)*	Part payment will be allowed twice only during loan tenure. Part payment is allowed only once a year. At any point of time, part payment will not increase beyond 25% of Principal Outstanding. 5% on the part payment amount in case part prepayment is within 24 months from 1st EMI 3% on the part payment amount in case part prepaymet is post 24 months from 1st EMI
Stamp Duty (non-refundable)	At actuals
Delayed Instalment payment charge	18% p.a.(1.50% 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/-
Documentation Charges*	Rs. 650/- per case
Registration Certificate (RC) Collection Fees	Rs 600/ (to be refunded in case of cancellation)
RTO Transfer Charges	At Actuals
Repayment Mode change charge	Rs. 500/- per instance
Loan cancellation	Loan cancellation In the event of cancellation, interest charges from date of disbursement till the date of cancellation of loan will be borne by the customer. Processing Fee,Stamp Duty, Documentation, Valuation and RTO charges (Used Car Purchase/Refinance) are non-refundable charges and would not be waived/refunded in case of loan cancellation
Legal, repossession & incidental charges	At actuals
Duplicate No Due Certificate/NOC	Rs 250/- Per Instance
Loan re-schedulement charges/rebooking charges	Rs. 400/- (If changes are required on RC, then refundable Security Deposit – non-interest bearing of Rs. 5000 would be required.  Will repay post borrowers provide the transferred Registration Certificate to the bank)
LPG/CNG NOC/Other Special NOC	Rs. 200/- per NOC (Conversion subject to credit approval)
CIBIL Charges (only on request)	Rs. 50/-
Amortisation Schedule Charges	Rs 50/ per schedule for physical copy.  Customer can also download the schedule from the link free of cost
Commercial/Personal Use NOC (conversion subject to credit approval)	Rs. 200/- per NOC (Conversion subject to credit approval)
Rack interest rate	13.75% p.a. onwards
Car Valuation/Asset Verification Charges*	Rs. 750/- per case
Payment Return Charges	Rs 450/- per instance

Inter-State NOC
Refundable Security Deposit (non-interest bearing) of Rs. 5,000 will be taken. It will be the borrower's responsibility to provide the transferred Registration Certificate to the bank. In addition, NOC charge would be Rs. 500/-.
It is also advised that the customers should refrain from and dealings in cash with the Bank's Direct Sales associates. Borrowers should also not make any payments in cash/bearer cheque or kind in connection with the loan, to the executive, dealing with the borrower for purpose of the loan. 

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 standard grid.

** Registration Certificate Collection fees is refundable in case of loan cancellation.

Rates offered to customer during the period of July'24 to Sep'24.

Bank IRR
Product	Min IRR	Max IRR	Avg IRR
USED CAR LOAN AND LOAN AGAINST CAR	9.75%	17.00%	13.45%

Annual Percentage Rate offered to customer during the period of July'24 to Sep'24.

APR
Product	Min APR	Max APR	Avg APR
USED CAR LOAN AND LOAN AGAINST CAR	9.75%	17.00%	13.45%