🇮🇳 HDFC Auto FinanceCategory: Bank-Specific Prepayment Presets →

HDFC Car Loan Prepayment Calculator

Simulate part prepayments, calculate interest savings, tenure reduction, and exact HDFC Bank foreclosure charges with 18% GST.

HDFC Loan Parameters

HDFC Auto Scheme

HDFC Car Loan Amount₹ INR

₹

Interest Rate% p.a.

Tenure (Months)Months

Mos

💰 HDFC Part-Payment Options

Extra Monthly Payment+ Monthly

₹

Part-Payment Lump Sum (Max 25%)Lump Sum

₹

Mo #

*HDFC allows part payments only after month 12 (up to 25% of principal).

Total HDFC Interest Saved

₹0

Saving interest on your HDFC car loan!

Time Saved / Payoff

0 mos

Earlier debt freedom

Regular Monthly EMI

₹0

Per month

Outstanding Principal

₹0

Remaining balance

Foreclosure Fee + GST

₹0

5% + 18% GST

📌 HDFC Bank Car Loan Policy Essentials:

Lock-in Period: No prepayment or foreclosure allowed during the first 12 months.
Part Prepayment: Max 25% of principal, up to 2 times during loan tenure.
Hypothecation NOC: Form 35 issued post-foreclosure via NetBanking / Branch.

Amortization Schedule

Interactive breakdown of balance, interest, and prepayment impact

Period	EMI Paid	Principal Paid	Extra Prepayment	Interest Paid	Total Payment	Remaining Balance

Understanding HDFC Bank Car Loan Foreclosure & Part-Payment Slabs

Unlike floating-rate home loans covered by RBI zero-penalty rules in our HDFC Home Loan Prepayment Calculator, HDFC Bank auto loans carry tiered foreclosure charges depending on completed loan months (5% + GST in months 13–24, stepping down to 3% and 2% later). Always compare total interest saved against exit fees using our Car Loan Foreclosure Calculator or the Universal Loan Preclosure Calculator.

Comparing vehicle finance terms across Indian banks? Check nil-fee alternatives after 24 months with the SBI Car Loan Prepayment Calculator, review ICICI Car Loan Rules, or compare global auto amortization in our Auto Loan Repayment Calculator.

Frequently Asked Questions

What are HDFC Bank car loan prepayment and foreclosure charges?

HDFC Bank applies the following schedule for car loan prepayment/foreclosure:

Within 1 to 12 months: No part-payment or foreclosure allowed (Lock-in period).
13 to 24 months: 5% to 6% of outstanding principal + 18% GST.
25 to 36 months: 3% to 5% of outstanding principal + 18% GST.
After 36 months: 3% of outstanding principal + 18% GST. Verify net break-even savings in our Car Loan Foreclosure Calculator or compare nil-fee terms via SBI Car Loan Prepayment.

What are the rules for part-payment in HDFC Car Loans?

HDFC Bank permits part-prepayment with specific restrictions:

Allowed only after completion of 12 full monthly EMIs.
Maximum part-payment allowed is up to 25% of the principal outstanding in a single financial year.
Allowed only a maximum of two times during the entire loan tenure.
Part-payment charges of 3% to 5% + 18% GST apply—check general auto math in our Car Loan Prepayment Calculator.

How to foreclose an HDFC Car Loan?

To foreclose your HDFC vehicle loan:

Visit your nearest HDFC Bank retail loan branch or request a foreclosure statement via HDFC NetBanking.
Obtain the official foreclosure quote containing outstanding principal, accrued interest, and penalty charges + GST—cross-check with the Loan Preclosure Calculator.
Submit the payment via HDFC Cheque, Demand Draft, or NetBanking.
Receive your NOC (No Objection Certificate) and Form 35 within 7 working days.