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₹
%
Mos
💰 HDFC Part-Payment Options
₹
₹
Mo #
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 |
|---|
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.
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.
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.
- Submit the payment via HDFC Cheque, Demand Draft, or NetBanking.
- Receive your NOC (No Objection Certificate) and Form 35 within 7 working days.