Archive · 17 Aug 2025
HDFC Bank Car Loan: Interest Rates and EMI Details
Many people need loans to buy cars.
HDFC Bank, a large bank in India, offers car loans with an interest rate starting at 9.40% each year.
The exact rate depends on your credit score and how much you borrow.
If you borrow ₹7 lakh, your monthly payments change based on how long you take to pay it back.
Taking longer to pay reduces the monthly payment amount, but you'll end up paying more in interest overall.
Paying faster means higher monthly payments, but you pay less total interest.
HDFC Bank offers car loans starting at 9.40% per annum.
Interest rates depend on CIBIL score and loan amount.
Higher credit scores may result in lower interest rates.
For a ₹7 lakh loan, EMI depends on the loan tenure.
Longer tenures reduce EMI but increase total interest; shorter tenures mean higher EMI but lower total interest.
- Who
- HDFC Bank and potential car loan applicants.
- What
- HDFC Bank's car loan interest rates and EMI calculations.
- When
- Presented as current information.
- Where
- India
- Why
- To inform potential borrowers about interest rates and EMI calculations for car loans.
Borrower
Lender
Loan Tenure
Borrower
Focus on the monthly EMI payments.
Lender
Focus on the total interest paid.
- Bank
- HDFC Bank
- Starting Interest Rate
- 9.40% per annum
- Loan Amount (Example)
- ₹7 lakh
- 3-Year EMI (approx.)
- ₹22,460
- 3-Year Total Amount Payable (approx.)
- ₹8.08 lakh
- 3-Year Total Interest Paid (approx.)
- ₹1.08 lakh
- 5-Year EMI (approx.)
- ₹14,667
- 5-Year Total Amount Payable (approx.)
- ₹8.80 lakh
- 5-Year Total Interest Paid (approx.)
- ₹1.80 lakh
- 7-Year EMI (approx.)
- ₹11,431
- 7-Year Total Amount Payable (approx.)
- ₹9.59 lakh
- 7-Year Total Interest Paid (approx.)
- ₹2.59 lakh