Chennai: HDFC Bank Ltd., has announced the launch of custom-fit car loans #AapkeHisaabSe in Mumbai.
As part of this offering, customers will now be able to buy cars at lower EMI (up to 24 per cent under Step-up EMI in first three years and upto 30 per cent under Balloon repayment program), a statement from the bank stated.
New customers can walk-in to any HDFC Bank branch or car dealership to avail custom-fit car loans and existing HDFC Bank customers can get it instantly on NetBanking, it added.
HDFC states the car loan has Key features that include – zero foreclosure charges, SurakshaKawach: Protection against permanent disability, up to 100 per cent funding and up to seven years tenure among others.